Another January transfer window is officially done and dusted, but which teams came out better off from their business? ESPN FC runs through the best and worst of transfer movement from Europe's top clubs.

Winners

Paris Saint-Germain

It's fair to say that PSG president Nasser Al-Khelaifi and sporting director Patrick Kluivert needed to make amends this transfer window. Their reputations had taken a bit of a hit after blowing €50 million on Jese Rodriguez and Grzegorz Krychowiak in the summer. Both players underwhelmed (some might say flopped) and free agent Hatem Ben Arfa soon fell out of favour. But the move for Julian Draxler made everybody stand up and take notice. It had the element of surprise that the Angel Di Maria deal lacked and fans consider it the biggest statement the club has made since signing Zlatan Ibrahimovic. Comparisons have also been made to when PSG bought Ronaldinho, another World Cup winner like Draxler, early in his career.

Draxler became the first PSG signing to score on his debut since Ibrahimovic and solves a problem on the left, where €63m Di Maria has disappointed this season and Blaise Matuidi has often had to do a job in big Champions League games. Moving early to beat stiff competition for Benfica's Goncalo Guedes, another member of Portugal's new "golden generation," represented smart business as well. PSG deserve consideration as the winners of the winter market.

Sevilla

Stevan Jovetic has arguably made the biggest impact of any January signing in Europe. He followed up a debut goal in the Copa del Rey against Real Madrid with a stoppage-time winner against the Champions League holders to end their record-breaking unbeaten run. Sevilla also appear to have uncovered another hidden gem in Rosario Central midfielder Walter Montoya. More magic from Monchi. The question now is whether it will be the last business he does as the club director of football before a possible exit to Roma in the summer.

Bayern Munich

The best-run clubs steal a march on the others and Bayern have got it down to a tee. We saw it last summer when Mats Hummels and Renato Sanches were announced before the window even opened, and they've used this one to get ahead of the competition for Hoffenheim's Germany internationals Niklas Sule and Sebastian Rudy, both of whom will join at the end of the season. Sule, 21, represents the future of Bayern's defence. Rudy is free, can play in multiple positions and is neat and tidy in small spaces. All that leaves Bayern to do in the summer is find Philipp Lahm's long-term successor at right-back, particularly as Joshua Kimmich gets more starts in midfield.

Marseille

Doubling your money on a player fast approaching 30 looks decent for West Ham, but the Dimitri Payet we saw in the Premier League last season and at Euro 2016 is surely worth more than the €29m they're getting from Marseille. Bringing him back to the Velodrome is a popular move by Frank McCourt and shows that the new owner means business. Patrice Evra is in decline but his leadership and experience will be much appreciated. Juventus were reluctant to see him go.

Juventus

For Sule and Rudy to Bayern, see Mattia Caldara and Riccardo Orsolini to Juventus. After bringing Daniele Rugani to Turin 18 months ago, Juventus now have two of the brightest young centre-backs in Italy on their books. The Old Lady will leave Caldara to develop at Atalanta, possibly until 2018, and uproot him only as Chiellini and Barzagli consider retirement. Orsolini has lit up Serie B this season with his dribbles and will be a regular feature on the wing for Ascoli until the end of the campaign.

In midfield, Juventus endured a more frustrating time. Axel Witsel chose China, while Inter were willing to pay more for Roberto Gagliardini. In the end, Juventus settled for Tomas Rincon. Unable to get an obvious upgrade there, they have now moved to a two-man midfield with striker Mario Mandzukic playing out on the left, more or less where Paul Pogba used to play.

Monaco

The Ligue 1 leaders didn't lose any of their stars and now dare to dream of a first title since the turn of the century. Tiemoue Bakayoko stayed put despite Premier League interest and top scorer Radamel Falcao turned down a move to China not once, not twice, but three times. They also added highly rated Flamengo left-back Jorge, wrapping up a deal for him before Manchester City, Inter and Liverpool could make up their mind.

Inter Milan

The Nerazzurri did the biggest deal of the transfer window in Italy and Gagliardini looks a natural. His San Siro debut left fans with the impression he had been playing there for years.

Atalanta

The surprise package of the first half of the Serie A season emerges from this window relatively intact. Yes, Gagliardini has gone and Caldara will join Juventus, but to bank maybe as much as €48m for them both, retaining the latter until 2018 and holding onto Franck Kessie for the rest of the campaign is, as their owner Antonio Percassi says, "life-changing."

Losers

Borussia Dortmund

It feels strange to criticise Borussia Dortmund for beating Real Madrid to Alexander Isak, a player hyped as the new Ibrahimovic. Even more so when you consider Isak chose them over the European champions because he didn't want to make the same mistake as Martin Odegaard. Dortmund's reputation for developing young talent now precedes them, but this move has re-opened fissures between coach Thomas Tuchel and the club, in particular with head of scouting Sven Mislintat.

Tuchel was disappointed to see Hummels, Henrikh Mkhitaryan and Ilkay Gundogan sold in the summer. Rather than replace them with established names, Dortmund invested in potential stars of tomorrow. Tuchel isn't of the opinion that you will win nothing with kids (his background is in youth football) but Dortmund's recruitment could be more balanced and the revelation that he knew nothing of their plans to sign Isak now illustrate the disconnect.

Valencia

What a mess. Cesare Prandelli resigned as manager after promises to spend €30m on a striker, two midfielders and a full-back were not kept. Simone Zaza still joined even though Prandelli walked, but the Italy international is their only reinforcement of note.

AC Milan

You worry a bit for Milan. They overperformed in the first half of the season and it now seems to be catching up with them. The money from M'Baye Niang's sale looks good if Watford make it permanent and Gerard Deulofeu and Lucas Ocampos are players in the Montella mould. But the drawn-out nature of the takeover has left Milan with limited room to maneuver and Sunday's injuries to Giacomo Bonaventura and Mattia de Sciglio really hurt them given that there's no time or money to patch up those areas of the team. Ocampos and the hitherto unseen Lionel Vangioni will have to help cover for them.

Barcelona

Their rivals Real Madrid and Atletico Madrid had their hands tied by a transfer ban, preventing one from adding better depth in the full-back positions and the other in defensive midfield. Barcelona, however, have yet to add a replacement for Dani Alves. Getting Lionel Messi to commit his future to Barca is understandably more of a priority right now and after extending Luis Suarez's and Neymar's contracts, the prospect of giving their highest-paid player another pay rise means money for a top right-back -- particularly after their summer transfer spend -- isn't so easy to find even for a club as rich as Barca.

Source:
courtesy of ESPNFC

by JAMES HORNCASTLE

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