In
| Player | Team | Date | Fee |
|---|---|---|---|
| Sam Strettle | Lively Polly | 1 May 1906 | Free |
| William Stevenson | Accrington Stanley (1891) | May 1906 | £30 |
| David Wilson George Wilson | Hearts | 8 May 1906 | £775 |
| Robert Graham | Third Lanark | 10 May 1906 | £285 |
| William Dorward | Montrose | 8 June 1906 | £100 |
| William Thomas | Burslem Port Vale | 1 September 1906 | Free |
| Fred Rouse | Stoke | 5 November 1906 | £750 |
| Daniel Rafferty | Blantyre Victoria | 27 March 1907 | Free |
| Hugh Adamson | Lochgelly United | March 1907 | £80 |
| George Couper | Hearts | April 1907 | £325 |
| Jock Maconnachie | Hibernian | 27 April 1907 | £820 |
| Total (initial fees only): | £3,165 | ||
- Sam Strettle (Lively Polly) – Originally on trial.
- William Stevenson (Accrington Stanley (1891)) – Transfer completed around 1st May 1906.
- Daniel Rafferty (Blantyre Victoria) – Originally on trial.
- Hugh Adamson (Lochgelly United) – Transfer completed around 27th March 1907. Originally on trial.
- George Couper (Hearts) – Transfer completed around 1st April 1907.
Out
| Player | Team | Date | Fee |
|---|---|---|---|
| Harry Grundy | Reading | May 1906 | Undisclosed |
| William Wildman | West Ham United | May 1906 | Undisclosed |
| Harry Collins | Released | 1 May 1906 | |
| John Hannan | Released | 1 May 1906 | |
| Bill Henderson | Clapton Orient | May 1906 | £75 |
| Frank Oliver | Clapton Orient | May 1906 | £50 |
| Percy Hill | Manchester City | 9 November 1906 | £600 |
| William McLoughlin | Preston North End | April 1907 | £75 |
| Total (initial fees only): | £800 | ||
- Harry Collins (Released) – Eventually joined Scotswood in around 1907.
- John Hannan (Released) – Eventually joined Fulham in May 1906.
- Bill Henderson (Clapton Orient) – Transfer completed around 7th May 1906.
- Frank Oliver (Clapton Orient) – Transfer completed around 7th May 1906.
| Income | £800 |
| Expenditure | £3,165 |
| Net Spend | +£2,365 |