Walsall, who saw an almost complete squad overhaul under manager Darrell Clarke following their relegation to the fourth tier last summer, still managed to make a significant saving when compared to the previous twelve months.
The Saddlers spent a total of £47,122 for the period between 1st February 2019 and 31st January 2020, out of a league total of £1,170,220, down from the £55,499 spent during the previous twelve months.
Adding a significant number of players to his squad, manager Clarke, who joined the club in May 2019, was able to secure most of his new recruits on two-year deals meaning we're likely to see a further reduction this year as the gaffer will not need to rebuild to such an extent.
With the Mansfield-born boss recently admitting he is likely to source most of his new recruits from the loan market, the club could see themselves ranking amongst the lowest spenders over the next financial years.
Other clubs currently in League Two were less-than tight fisted when it came to agents' fees, with teams such as Bradford City (£114,101), Salford City (£111,619) and Scunthorpe United (£107,345) all breaking the six-figure barrier whilst Macclesfield Town spent just £825.