In
| Player | Team | Date | Fee |
|---|---|---|---|
| Charles Pratt | Barrow | May 1908 | £40 |
| William Michael | Seafield | May 1908 | Free |
| Billy Lacey | Shelbourne | May 1908 | Free |
| George Barlow | Preston North End | 10 September 1908 | Amateur |
| William Webb | Warrington Albion | 18 September 1908 | Amateur |
| Henry Osborne | Warrington Albion | 21 September 1908 | Amateur |
| Walter Ormesher | Liverpool | November 1908 | Free |
| Bob Clifford Walter White | Bolton Wanderers | 27 November 1908 | £1,200 |
| William Mercer | Prescot Wireworks | April 1909 | Free (+£35 add-ons) |
| Bob Turner | Leicester Fosse | 5 April 1909 | £600 |
| Louis Weller | Leek United | 20 April 1909 | £10 (+£10 add-ons) |
| Total (initial fees only): | £1,850 | ||
- Charles Pratt (Barrow) – Transfer completed around 7th May 1908. £20 went to Barrow, £20 went to Birmingham City.
- William Michael (Seafield) – Transfer completed around 16th May 1908. Originally on trial.
- Billy Lacey (Shelbourne) – Transfer completed around 27th May 1908.
- Walter Ormesher (Liverpool) – Transfer completed around 13th November 1908. Originally on trial.
- William Mercer (Prescot Wireworks) – Transfer completed around 2nd April 1909. Originally on trial.
Out
| Player | Team | Date | Fee |
|---|---|---|---|
| Harry Cooke | Released | 1 May 1908 | |
| Donald Sloan | Liverpool | 2 May 1908 | £300 |
| Arthur Winterhalder | Preston North End | 5 May 1908 | £175 |
| Robert Graham | Bolton Wanderers | 7 May 1908 | £250 |
| Jimmy Settle | Stockport County | 12 May 1908 | £200 |
| Thomas Chadwick | Preston North End | 15 May 1908 | £350 |
| Walter Abbott | Burnley | 15 May 1908 | £200 |
| William Black | Kilmarnock | June 1908 | £75 |
| Jack Crelley | Exeter City | 12 August 1908 | £200 |
| Harold Hardman | Manchester United | 26 August 1908 | Amateur |
| Joe Donnachie | Oldham Athletic | 15 October 1908 | £250 |
| Tom Booth | Carlisle United | 20 November 1908 | £75 |
| Hugh Bolton | Bradford Park Avenue | 31 December 1908 | £675 |
| Harold Dawson | Blackpool | 20 March 1909 | £75 |
| Total (initial fees only): | £2,825 | ||
- Harry Cooke (Released) – Signed as a temporary assistant trainer in August 1908 in place of Joe Lofthouse who fell ill.
- William Black (Kilmarnock) – Transfer completed around 10th June 1908.
| Income | £2,825 |
| Expenditure | £1,850 |
| Net Spend | -£975 |