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2008-09 ARRIVALS
| Player | Pos. | Age | Nat. | From | Fee |
| Robinho | AM | 24 |  | Real Madrid | £32.5m |
| Jô | FW | 21 | | CSKA Moscow | £18m |
| Nigel de Jong | CM | 24 |  | Hamburger SV | £16m |
| Craig Bellamy | AM | 29 |  | West Ham | £14m |
| Wayne Bridge | LB | 28 |  | Chelsea | £10m |
| Shaun Wright-Phillips | AM | 26 | | Chelsea | £8.5m |
| Shay Given | GK | 32 |  | Newcastle | £5.9m |
| Pablo Zabaleta | RB | 23 |  | Espanyol | £6.45m |
| Vincent Kompany | CB | 22 |  | Hamburger SV | £6m |
| Tal Ben Haim | CB | 26 |  | Chelsea | £5m |
| Marcello Trotta | FW | 16 |  | Napoli | £750k |
| Jérémy Hélan | LB | 16 |  | Rennes | Undisc. |
| Gláuber Berti | CB | 25 | | 1. FC Nürnberg | Free |
| Gunnar Nielsen | GK | 22 |  | Blackburn | Free |
2008-09 DEPARTURES
| Player | Pos. | Age | Nat. | To | Fee |
| Vedran Corluka | RB | 22 |  | Tottenham | £8.5m |
| Rolando Bianchi | FW | 25 | | Torino | £4.9m |
| Andreas Isaksson | GK | 26 |  | PSV Eindhoven | £1.96m |
| Georgios Samaras | FW | 23 |  | Celtic | £2m |
| Matthew Mills | CB | 21 | | Doncaster Rovers | £300k |
| Ashley Grimes | AM | 21 | | Millwall | £53k |
| Geovanni | AM | 28 | | Hull City | Free |
| Bernardo Corradi | FW | 32 | | Reggina | Free |
| Emile Mpenza | FW | 30 | | Plymouth Argyle | Free |
| Sun Jihai | CB | 30 |  | Sheffield United | Free |
| Sam Williamson | CB | 21 | | Wrexham | Free |
| Paul Dickov | FW | 35 |  | Leicester City | Free |
| Jô | FW | 21 | | Everton | Loan |
| Tal Ben Haim | CB | 26 | | Sunderland | Loan |
| Gunnar Nielsen | GK | 22 | | Wrexham | Loan |
| Ryan McGivern | LB | 18 |  | Morecombe | Loan |
| Clayton McDonald | CB | 19 | | Macclesfield | Loan |
| Clayton McDonald | CB | 20 | | Chesterfield | Loan |
| Paul Marshall | AM | 19 | | Blackpool | Loan |
| Paul Marshall | AM | 19 | | Port Vale | Loan |
| Donal McDermott | AM | 18 | | MK Dons | Loan |
| Karl Moore | AM | 19 | | Millwall | Loan |
| Richard Martin | GK | 21 | | Burton Albion | Loan |
