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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13. Bristol Rovers - £370,000
Bristol Rovers' record signing (Andy Tilson, £370,000) was made in November 1992 Photo: Chris Lobina
14. Shrewsbury Town - £338,000
Shrewsbury Town signed Lionel Ainsworth from Huddersfield Town for £338,000 on 2nd August 2010. Photo: Matthew Lewis
15. Lincoln City - £315.000
Lincoln City signed Dany N'Guessan from Rangers in the 2006/07 season for £315.000. Photo: Tony Marshall
16. Wrexham - £300,000
Wrexham signed Ollie Palmer from AFC Wimbledon for £300,000 in the 2021/22 season. Photo: Ben Roberts Photo