In
| Player | Team | Date | Fee |
|---|---|---|---|
| Dave Clements | Sheffield Wednesday | 20 September 1973 | £65,000 |
| Bob Latchford | Birmingham City | 14 February 1974 | Exchange + £350,000 |
| Total (initial fees only): | £415,000 | ||
- Bob Latchford (Birmingham City) – Everton and Birmingham City agreed an exchange deal where Everton received Bob Latchford and Birmingham City received Howard Kendall (valued at £180,000), Archie Styles (valued at £90,000) and £80,000 cash - a total worth of £350,000.
Out
| Player | Team | Date | Fee |
|---|---|---|---|
| Brian Parkinson | Released | 1 July 1973 | |
| Don Tobin | Released | 1 July 1973 | |
| Henry Newton | Derby County | 21 September 1973 | £100,000 |
| Rod Belfitt | Sunderland | 19 October 1973 | £70,000 |
| Jimmy Husband | Luton Town | 24 November 1973 | £70,000 |
| Jeff Swede | Skelmersdale United | January 1974 | Undisclosed |
| Peter Scott | Southport | 10 January 1974 | 1-month loan |
| Joe Harper | Hibernian | 31 January 1974 | £120,000 |
| Howard Kendall Archie Styles | Birmingham City | 14 February 1974 | Exchange |
| Dai Davies | Swansea City | February 1974 | 1-month loan (extended to 2 months) |
| Tommy Wright | Retired | 28 February 1974 | |
| David Threlfall | South Liverpool | March 1974 | Undisclosed |
| Total (initial fees only): | £360,000 | ||
- Brian Parkinson (Released) – Eventually joined South Liverpool in August 1973.
- Don Tobin (Released) – Eventually joined Rochdale ahead of the 1973/74 season.
- Howard Kendall and Archie Styles (Birmingham City) – Everton and Birmingham City agreed an exchange deal where Everton received Bob Latchford and Birmingham City received Howard Kendall (valued at £180,000), Archie Styles (valued at £90,000) and £80,000 cash - a total worth of £350,000.
- Dai Davies (Swansea City) – Transfer completed around 22nd February 1974.
- Tommy Wright (Retired) – Tommy Wright retired at the age of 28 due to injury problems.
| Income | £360,000 |
| Expenditure | £415,000 |
| Net Spend | +£55,000 |