In
| Player | Team | Date | Fee |
|---|---|---|---|
| Alan Harper | Liverpool | 20 May 1983 | £100,000 |
| Trevor Steven | Burnley | 22 June 1983 | £300,000 |
| Andy Higginbottom | Free agent | 10 August 1983 | Free |
| Terry Curran | Sheffield United | 4 September 1983 | £90,000 |
| Andy Gray | Wolverhampton Wanderers | 10 November 1983 | £250,000 |
| Total (initial fees only): | £740,000 | ||
- Andy Higginbottom (Free agent) – Released by Chesterfield. Originally on trial.
Out
| Player | Team | Date | Fee |
|---|---|---|---|
| Steve McMahon | Aston Villa | 18 May 1983 | £175,000 |
| Mark Farrington | Norwich City | June 1983 | Free |
| Mark Leonard | Crewe Alexandra | June 1983 | Free |
| Simon Steele | Brighton & Hove Albion | June 1983 | Free |
| Billy Wright | Birmingham City | 10 June 1983 | Free |
| Mick Ferguson | Birmingham City | 30 June 1983 | £60,000 |
| Alan Ainscow | Released | 1 July 1983 | |
| John McMahon | Released | 1 July 1983 | |
| Keith Tierney | Released | 1 July 1983 | |
| Mike Walsh | Released | 1 July 1983 | |
| Trevor Ross | Released | 1 July 1983 | |
| Martin Hodge | Sheffield Wednesday | 22 August 1983 | 1-month loan |
| Martin Hodge | Sheffield Wednesday | 16 September 1983 | £50,000 |
| David Johnson | Barnsley | 2 February 1984 | 1-month loan |
| David Johnson | Manchester City | 21 March 1984 | Loan to end of the season |
| David Johnson | Manchester City | 22 March 1984 | Free |
| Ian Bishop | Crewe Alexandra | 22 March 1984 | 1-month loan |
| Total (initial fees only): | £285,000 | ||
- Mick Ferguson (Birmingham City) – After an initial one-month loan spell, Everton agreed to extend Mick Ferguson spell at Birmingham City to the end of the season with a view to make the move permanent. The move was eventually made permanent however, there are no known reports of when exactly it became permanent. Since the season typically ends on 30th June, the date for this transfer has been set as 30th June 1983.
- Alan Ainscow (Released) – Eventually joined Eastern AA on 21st July 1983.
- John McMahon (Released) – Eventually joined Wigan Athletic on a non-contract basis in September 1983.
- Keith Tierney (Released) – Eventually joined Southport in October 1983.
- Mike Walsh (Released) – Eventually joined Fort Lauderdale Strikers on 6th July 1983.
- Trevor Ross (Released) – Eventually joined AEK Athens on 4th July 1983.
| Income | £285,000 |
| Expenditure | £740,000 |
| Net Spend | +£455,000 |