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2009-10 ARRIVALS
| Player | Pos. | Age | Nat. | From | Fee |
| Carlos Tévez | FW | 25 |  | MSI | £25.5m |
| Emmanuel Adebayor | FW | 25 |  | Arsenal | £25m |
| Joleon Lescott | CB | 27 |  | Everton | £22m |
| Roque Santa Cruz | FW | 27 |  | Blackburn | £17.5m |
| Kolo Touré | CB | 28 |  | Arsenal | £14m |
| Gareth Barry | CM | 28 | | Aston Villa | £12m |
| Adam Johnson | AM | 22 | | Middlesbrough | £7m |
| Stuart Taylor | GK | 28 | | Aston Villa | Free |
| Sylvinho | LB | 35 |  | FC Barcelona | Free |
| Patrick Vieira | CM | 33 |  | Inter | Free |
| Márton Fülöp | GK | 26 |  | Sunderland | Loan |
2009-10 DEPARTURES
| Player | Pos. | Age | Nat. | To | Fee |
| Elano | CM | 28 | | Galatasaray | £8m |
| Richard Dunne | CB | 29 |  | Aston Villa | £6m |
| Daniel Sturridge | FW | 19 | | Chelsea | £3.5m |
| Ched Evans | FW | 20 |  | Sheffield United | £3m |
| Gelson Fernandes | CM | 22 |  | Saint-Étienne | £2m |
| Kasper Schmeichel | GK | 22 |  | Notts County | £1m |
| Joe Hart | GK | 22 | | Birmingham | Loan (£460k) |
| Darius Vassell | FW | 29 | | Ankaragücü | Free |
| Tal Ben Haim | CB | 27 |  | Portsmouth | Free |
| Clayton McDonald | CB | 20 | | Walsall | Free |
| Angelos Tsiaklis | CM | 18 |  | Wrexham | Free |
| Adrian Cieslewicz | AM | 18 |  | Wrexham | Free |
| Richard Martin | GK | 21 | | Yeovil Town | Free |
| Matty Brown | CB | 19 | | Northwich Victoria | Free |
| Michael Ball | LB | 29 | | Unattached | Free |
| Gláuber Berti | CB | 25 | | Unattached | Free |
| Dietmar Hamann | CM | 35 |  | Unattached | Free |
| Danny Mills | RB | 32 | | Retired | Free |
| Robinho | AM | 26 | | Santos FC | Loan |
| Benjani | FW | 31 |  | Sunderland | Loan |
| Jô | FW | 22 | | Galatasaray | Loan |
| Valeri Bojinov | FW | 23 |  | Parma | Loan |
| Felipe Caicedo | FW | 20 |  | Sporting CP | Loan |
| Felipe Caicedo | FW | 21 | | Málaga CF | Loan |
| Vladimír Weiss | AM | 20 |  | Bolton | Loan |
| Donal McDermott | AM | 19 | | Chesterfield | Loan |
| Donal McDermott | AM | 20 | | Scunthorpe | Loan |
| Shaleum Logan | RB | 21 | | Tranmere Rovers | Loan |
| John Guidetti | FW | 17 |  | IF Bromma | Loan |
| Kieran Trippier | RB | 19 | | Barnsley | Loan |
| Adam Clayton | CM | 20 | | Carlisle United | Loan |
| Ryan McGivern | LB | 19 |  | Leicester City | Loan |
| James Poole | AM | 19 | | Bury | Loan |
| Paul Marshall | AM | 20 | | Aberdeen | Loan |
