In
| Player | Team | Date | Fee |
|---|---|---|---|
| Mike Trebilcock | Plymouth Argyle | 31 December 1965 | £23,000 |
| Total (initial fees only): | £23,000 | ||
Out
| Player | Team | Date | Fee |
|---|---|---|---|
| Ray Veall | Preston North End | 20 May 1965 | £8,000 |
| George Heslop | Manchester City | 14 September 1965 | £20,000 |
| Alex Parker | Southport | 16 September 1965 | Free |
| Jimmy Hill | Port Vale | 21 October 1965 | £5,000 |
| Dennis Stevens | Oldham Athletic | 28 December 1965 | £30,000 |
| Ambrose Clarke | Southport | 19 January 1966 | Undisclosed |
| Total (initial fees only): | £63,000 | ||
| Income | £63,000 |
| Expenditure | £23,000 |
| Net Spend | -£40,000 |