The Brazilian seemed the perfect fit for the Catalan club but something hasn't seemed right and he's been struggling for form, while landing the role of scapegoat when fingers are pointed at the team. If Coutinho can regain the consistency which made him such a force at Anfield then Bayern have got themselves a bargain.
They needed wide players and have a year to reap the rewards of having Coutinho; if it doesn't work out then they just send him back to Spain.
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Barca will surely move for Neymar now that Coutinho is out of the way, but they must wish they hadn't made such a costly move for him 18 months ago. Yes it's always a massive gamble when Balotelli signs for anyone, but if there's one club he should be motivated to play for it's Brescia. Balotelli's hometown club are back in the top flight for the first time since and they've done incredibly well to persuade the year-old that his future lies with them. Not many promoted clubs can land a player of Balotelli's class and he will enjoy being the focal point for them in Serie A this season.
Bayern needed an experienced winger after the exits of Arjen Robben and Franck Ribery this summer, and they absolutely nailed this deal. He might not have been first choice, after Leroy Sane's knee injury put paid to a summer move from Manchester City, but Perisic has played in the Bundesliga before, with both Wolfsburg and Dortmund, so will be comfortable with his new surroundings quickly. At 30, he's got plenty left to give and he's proven with Croatia at the World Cup that he's a top class performer. Arsenal and Man United had been interested, but Bayern's loan deal is one of the best deals this summer.
They have included an option to buy and will likely snap that up next season too. There might not have been much the Italians could do to keep Perisic if he made it clear he wanted to leave, but they didn't put up much of a fight. Does the initial Mangala move go down as one of the worst transfer deals in history? Safe to say that didn't work out as, after a good start to life in Manchester, the France international struggled to hold down a first-team place, spent the on loan at Valencia and then joined Everton on loan in January but barely played for them because of injury.
City have seemingly cut their losses after handing him a new one-year deal earlier this year only to fail to find a club willing to take him. They let him join Valencia on a free transfer and Los Che will be happy with the move, though they are taking a gamble on the year-old getting back to form and fitness. However, the Belgian striker's physical style hasn't really worked at Old Trafford and the club decided to cut their losses. If there's a manager who Lukaku's style would suit, it's probably Antonio Conte. Inter get the better of the grade, but not by much as they are still spending a sizable amount on a player who looks like a shadow of his former self, and who has no experience in Serie A.
If they had managed to pull off their attempted two-year loan with an obligation to buy, they would have got an A just for audacity. Arsenal managed to pay for their two defensive additions this summer with the sale of one player and would have been mad to have refused such a large amount of money for Iwobi. That said, Gunners fans will be sad to see him go as he was one of the few attacking players to run at defenders and often made a difference off the bench.
Still, they had to balance the books somehow and it's a good deal. He was 'Plan B' for them, but could turn out to be a very good piece of business. Once Fulham were relegated, there's little they could do to stop one of the country's top teenage talents from departing. But they held firm for a decent price, while also getting a good young midfielder in the bargain who can help them in the Championship.
It's too early to say that Sessegnon can be the new Gareth Bale for Spurs, but if he continues to develop in the way he has been, the club have a very exciting player on their hands. Able to play as a forward or a left-back, he's a great signing for Tottenham and could be worth twice what they paid in a year or two.
Celtic's grade is reflected in the fact they should have held out for more if they really wanted to keep Tierney, despite rejecting a number of lower offers, but Arsenal have themselves a gem. And if he turns out to be as successful as fellow Scotland international Andy Robertson has been at Liverpool, then the Gunners will look at this as a bargain.
We didn't see this one coming, but Arsenal's interest in the Brazil defender does date back a while. It's just that with Chelsea under a transfer embargo, nobody thought they would actually sell him this summer. Luiz only signed a new contract back in May, but evidently as soon as he heard of Arsenal's interest with 48 hours to go until the deadline, he refused to train and pushed for a move. Arsenal needed a centre-back to replace Laurent Koscielny and they landed one of the most experienced in the Premier League -- for a bargain price that doesn't hurt their summer budget.
But what are Chelsea thinking? Selling a player they can't replace until FIFA ends their ban? To one of their rivals for the Champions League? For a tiny fee? Massive fail. Hard to see how Real Betis could have done much better, really. Lo Celso is an Argentina international and still only 23, so he's a good buy for Tottenham. They've done well to replace Christian Eriksen before they've actually sold him and Lo Celso will certainly improve their creativity in the final third. The year-old is able to play on both flanks and should provide some competition for Man City's existing full-backs, so it's a great deal for City and he's younger than the player he has replaced: Danilo.
The year-old Danilo is a fine replacement for Cancelo and will be hungry to prove himself after becoming a bit-part player in Manchester. Juve fans may question the club's decision-making over the deal in swapping an older player for a younger one, but the Brazilian's experience should help the dressing room. Koscielny threw a serious spanner in Arsenal's transfer plans this summer by announcing that he wasn't going on the summer tour and wanted to leave.
With one year left on his contract, the club didn't have to let him go but clearly his position was untenable and there was no other way. Arsenal had no desire to lose their captain and star defender this summer, even if he is 33, and have been left scrabbling around to try and replace him with two days of the Premier League transfer window remaining. After nine excellent years at the club, Koscielny's legacy has been ruined and in the future he may come to regret the way it played out.
It's a disaster for the Gunners at this point, but Bordeaux have landed an experienced and class player to help their bid for Europe next season in Ligue 1.
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Not quite an A for them, given his age, but a good deal nonetheless. He's shown himself to be one of the top defenders in the Premier League but you can't help feeling that, as with Aaron Wan-Bissaka, United are paying an 'Englishman tax' and could have chosen other options. Leicester held out for the fee they wanted and get the perfect grade; United landed their top target but, unlike AWB, he's a consistently proven performer so they also score OK. Paul Mariner says Harry Maguire will need to get better to prove he's worth Manchester United making him the most expensive defender of all-time.
Liverpool would have liked to have kept the experienced Mignolet as backup to Alisson Becker, but it was too hard a sell to persuade him to stay and sit on the bench. It's all profit, too, as his replacement is free agent Adrian. For Brugge, they now have a year-old Belgium international goalkeeper playing back in his homeland and haven't had to spend a fortune to make it happen. It's a great deal for them. This one is quite the coup for Everton.
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One of the most highly rated young players in Europe has been plucked from a top club with his contract running out and has signed a five-year deal at Goodison Park. Kean may only be 19 but he's already shown himself capable of winning games on his own. Able to play out wide or as a striker, the Italian could be a perfect fit for Everton and, if he impresses, then will be worth twice what they paid for him in a few years.
Juve failed to get his signature on a new contract and paid the price. Another victim of Cristiano Ronaldo's arrival in Turin, perhaps? Early reports suggested that Juve wanted a buyback clause and that would have been smart business. It's assumed they didn't get one though. Signing backup players is tough, as nobody wants to play second fiddle at a club, but if Barcelona can keep him happy with enough game time then they might have found their future left-back once Alba winds down his career.
Betis have done good incoming business of late but they'll be disappointed to lose such a good, versatile young player for so little. Barca nearly got themselves into a legal battle after pipping Roma at the last minute to sign him, then the Brazilian winger barely played as it was clear that coach Ernesto Valverde didn't rate him against his other options. If they could turn back the clock, we're pretty sure they would. Zenit have themselves a player with something to prove, but the Russian league won't hold his attention for long and the club need to be careful that they don't make a loss when he eventually gets bored and wants to move to a higher level.
Arsenal wanted a winger and Arsenal got a winger, fighting off competition from PSG, Napoli and a host of other top European clubs in the process. The problem is that they spend nearly twice their summer transfer budget to get him. However, the Gunners' hierarchy seem to have pulled off a coup. So that's some pretty good business. Arsenal fans will be delighted that the club are finally spending some cash on top players, though Pepe does only have a couple of good seasons in Ligue 1 behind him.
At 24, he has plenty of room to grow, but he may need some time to adjust.
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Lille have lost their best player, but they couldn't have asked much more for him and the instalments actually work in their favour too, as they won't splash it all at once on a replacement. That kind of cash coming in each year will have a big impact on the club.
Julien Laurens questions whether Joao Felix will be able to express himself at Atletico Madrid like he's done with Benfica. This move almost happened in January, but PSG waited patiently and finally got a player who will strengthen their midfield in the place they need it most.
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The Premier League's leader in tackles made over the past four seasons, Gueye has been brought into the team to do the kind of job that doesn't get noticed, but is vitally important. Indeed, Everton will miss the Senegal international's work ethic to such a degree that they get a mediocre grade for letting him go for such a cheap fee.
PSG need grit and determination to complement their creative players, and Gueye has this in spades. Moreover, they get to keep him on a season-long loan and reap the benefits next year. Arsenal's defensive problems have been compounded by Laurent Koscielny's behaviour this summer and they need reinforcements now, not in 12 months' time. The staggered nature of the deal is better on their finances and they could have a good prospect on their hands, but they've been out-negotiated once again.
Arsenal needed a replacement for Aaron Ramsey due to their own stupidity in letting him go on a free transfer and, given their lowly summer budget, they should get some points for picking up Ceballos on loan. However, the year-old midfielder clearly wants to make a name for himself at Real Madrid, so the Gunners aren't going to get much commitment long-term and there's no option to buy. Ceballos should get games after a fine U21 European Championship with Spain and will run at defenders, which Arsenal fans will be excited about, though they may question the acquisition of another lightweight young midfielder to see them through a tough Premier League season.
World-class defenders don't come around every week, especially ones who are only 19 years old. Every club in Europe has been chasing De Ligt's signature, and Juventus did incredibly well to seal the deal given it looked a foregone conclusion that he would join ex-Ajax teammate Frenkie de Jong at Barcelona this summer. Agent Cristiano Ronaldo clearly had an impact, but Juve have landed themselves a class act and ensured that their defence is covered for the next decade at least.
Having grown through the ranks at Real Madrid, it will be interesting to see how the year-old is received by the Atletico faithful.