Cash will most certainly be splashed but not like in days gone by.
Most clubs are unlikely to break the level of their current record signings with eight of the league’s 24 clubs having played top flight football.
But how would the League One table look if it was based only on each club’s record signing, and who would be going up and down?
Here we have the answers. (The figures are sourced from the www.transfermarkt.co.uk website as well as reliable club websites and are accurate to the best of our knowledge)
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5. Wigan Athletic - £7 million
Wigan Athletic signed Charles N'Zogbia in a £7 million deal in February 2009 Photo: Richard Heathcote
6. Charlton Athletic - £4.75million
Jason Euell joined Charlton in the summer of 2001 for a reported fee of £4.75million from Wimbledon. Photo: Michael Steele
7. Barnsley - £1.9m
Gjorgji Hristov joined Barnsley in the summer of 1997 from Partizan Belgrade for £1.9m. Photo: Pete Norton
8. Peterborough United - £1.3m
Mo Eisa joined Peterborough United from Bristol City for £1.3m in 2019/20. Photo: David Rogers