The January transfer window has now closed, with Premier League clubs spending £130m in the last month on new signings.

But who conducted the best and worst business during the transfer window? IBTimes UK sport editor Nick Howson and sport reporter Tony Mogan discuss their views on the January signings.

The two biggest signings were made by the current top two teams in the Premier League, Chelsea and Manchester City, who signed Juan Cuadrado and Wilfried Bony respectively.

Colombian winger Cuadrado was purchased by the Blues from Fiorentina for £23.3m, a fee offset by the sale of German winger André Schürrle to Vfl Wolfsburg for £22m.

Manchester City added more firepower to their squad with addition of Ivory Coast striker Wilfried Bony for £28m from Swanse, though the 26-year-old will only be available when he returns from Africa Cup of Nations duty.

Elsewhere it was a relatively quiet transfer window, suggesting that financial fair play regulations are making Premier League clubs more cautious in the market.