In
| Player | Team | Date | Fee |
|---|---|---|---|
| Bruce Rankin | Kirkdale | May 1901 | Free |
| Bert Sharp | Southampton | 1 May 1901 | Undisclosed |
| Wilf Toman | Southampton | 1 May 1901 | Undisclosed |
| Johnnie Bone | Haywood Wanderers | 1 May 1901 | Free |
| Sandy Young | Falkirk | 15 May 1901 | £120 |
| Charlie Clark | Hamilton Academical | 1 June 1901 | £65 |
| Peter Paterson | Royal Albert | 4 June 1901 | £50 |
| Jack Bell | New Brighton Tower | 20 June 1901 | £60 |
| Harry Makepeace | Queen's Road Mission | 30 August 1901 | Free |
| Adam Bowman | East Stirlingshire | 11 December 1901 | £100 |
| Harry Singleton | Bury | 14 December 1901 | Free |
| Total (initial fees only): | £395 | ||
- Bruce Rankin (Kirkdale) – Originally joined as assistant trainer before signing as a player in October 1901.
- Sandy Young (Falkirk) – £100 went to Falkirk, £20 went to St Mirren.
- Harry Singleton (Bury) – Originally on trial.
Out
| Player | Team | Date | Fee |
|---|---|---|---|
| Alex McDonald | Southampton | May 1901 | Undisclosed |
| Joe Turner | Southampton | May 1901 | Undisclosed |
| Robert Gray | Southampton | May 1901 | Undisclosed |
| Tom Corrin | Portsmouth | May 1901 | Undisclosed |
| Fred Halliday | Released | 1 May 1901 | |
| Bob Struthers | Bolton Wanderers | May 1901 | £50 |
| Jack Crelley | Millwall Athletic | September 1901 | Undisclosed |
| Total (initial fees only): | £50 | ||
- Fred Halliday (Released) – Eventually joined Bolton in July 1901.
- Bob Struthers (Bolton Wanderers) – Transfer completed around 22nd May 1901. Bob Struthers was still on Everton's retained list despite joining Gravesend United in 1898 and then Portsmouth.
| Income | £50 |
| Expenditure | £395 |
| Net Spend | +£345 |