In
| Player | Team | Date | Fee |
|---|---|---|---|
| Tom McInnes | Third Lanark | May 1894 | Free |
| Jimmy Adams | Hearts | 3 May 1894 | Free |
| William Handford | Fairfield | August 1894 | Free |
| Jack Hillman | Burnley | 21 February 1895 | £100 |
| Willie McDonald | Celtic | 18 March 1895 | Free |
| Total (initial fees only): | £100 | ||
- Tom McInnes (Third Lanark) – Deal agreed c. 12th March 1894.
Out
| Player | Team | Date | Fee |
|---|---|---|---|
| Albert Chadwick | Released | 1 May 1894 | |
| Barney Coyle | Released | 1 May 1894 | |
| Billy Lindsay | Released | 1 May 1894 | |
| David Jardine | Released | 1 May 1894 | |
| Robert Jones | Released | 1 May 1894 | |
| Bob Howarth | Preston North End | 12 September 1894 | Free |
| Total (initial fees only): | £0 | ||
- Albert Chadwick (Released) – Eventually joined Chorley in February 1895.
- Billy Lindsay (Released) – Eventually joined Grimsby Town ahead of the 1894/95 season.
- David Jardine (Released) – Eventually joined Nelson on 7th July 1894.
- Robert Jones (Released) – Eventually joined Manchester City in around June 1894.
| Income | £0 |
| Expenditure | £100 |
| Net Spend | +£100 |