In
| Player | Team | Date | Fee |
|---|---|---|---|
| Billy Bingham | Luton Town | 14 October 1960 | Exchange + £10,000 |
| Alex Young | Hearts | 23 November 1960 | £40,000 |
| George Thomson | Hearts | 23 November 1960 | £17,000 |
| Peter Kavanagh | Romford | February 1961 | £1,550 |
| Jimmy Fell | Grimsby Town | 18 March 1961 | £18,000 |
| Total (initial fees only): | £86,550 | ||
- Billy Bingham (Luton Town) – Everton and Luton Town agreed an exchange deal where Everton received Billy Bingham and Luton received Alec Ashworth, John Bramwell and £10,000.
- George Thomson (Hearts) – Everton signed Alex Young and George Thomson for a combined fee of £57,000. Although the individual fees have not been disclosed, it has been commonly reported that Alex Young joined the Blues for an individual fee of £40,000 and therefore George Thomson's fee would have been £17,000.
- Peter Kavanagh (Romford) – Transfer completed around 7th February 1961.
Out
| Player | Team | Date | Fee |
|---|---|---|---|
| Jimmy Shepherd | Crewe Alexandra | 31 May 1960 | £150 |
| Jimmy Tansey | Crewe Alexandra | 31 May 1960 | £500 |
| Brian Godfrey | Scunthorpe United | June 1960 | £250 |
| Bobby Laverick | Brighton & Hove Albion | 21 June 1960 | £3,500 |
| Alan Bentham | Southport | 22 June 1960 | £200 |
| Bryan Griffiths | Southport | June 1960 | Free |
| Ken Rea | Released | 1 July 1960 | |
| Alan Shackleton | Nelson | 1 July 1960 | Co-ownership |
| John King | Bournemouth | 1 July 1960 | £4,000 |
| Stan Billington | Tranmere Rovers | 5 July 1960 | £1,000 |
| Jimmy O'Neill | Stoke City | 25 July 1960 | £3,300 |
| John Watson | Chester | 13 August 1960 | Undisclosed |
| Alec Ashworth John Bramwell | Luton Town | 14 October 1960 | Exchange |
| Jimmy Harris | Birmingham City | 6 December 1960 | £20,000 |
| David Boner | Dundee United | January 1961 | £400 |
| Total (initial fees only): | £33,300 | ||
- Brian Godfrey (Scunthorpe United) – Transfer completed around 3rd June 1960.
- Bryan Griffiths (Southport) – Transfer completed around 24th June 1960.
- Ken Rea (Released) – Eventually joined Runcorn in July 1960.
- Alec Ashworth and John Bramwell (Luton Town) – Everton and Luton Town agreed an exchange deal where Everton received Billy Bingham and Luton received Alec Ashworth, John Bramwell and £10,000.
- David Boner (Dundee United) – Transfer completed around 21st January 1961.
| Income | £33,300 |
| Expenditure | £86,550 |
| Net Spend | +£53,250 |