Some cash will most certainly be splashed but not like in days gone by.
Most clubs are unlikely to break the level of their current record signings. Three clubs – Bradford, Doncaster and Notts County – have all spent over £1m on players before.
Salford’s record transfer could have been paid by a personal bank loan, coming in at £7,000 for Jordan Hulme.
But how does every club rank against their rivals?
Here we have the answers courtesy of the www.transfermarkt.co.uk website.
1. Bradford City - £3.38m
David Hopkin is Bradford City's record signing after joining from Leeds in 2000/01. Photo: Shaun Botterill
2. Doncaster Rovers - £1.15m
Billy Sharp joined Doncaster Rovers for a club record in 7 July 2010. Photo: Laurence Griffiths
3. Kasper Schmeichel (Notts County) - £1m
Kasper Schmeichel left City to team up with his old boss Sven-Goran Eriksson at Notts County for a club record £1m in Aug 2009. Photo: Matthew Lewis
4. Swindon Town - £900,000
Joey Beauchamp joined Swindon in the 1994/95 season for £900,000 from West Ham. Photo: Getty Images