An image of the total transfer spend during the 2011-12 Premier League season.

Manchester City have narrowly pipped Chelsea to the top of the 2011/12 Premier League total transfer spend table, should sources from the Telegraph be correct.

The current Premier League leaders' spend is significantly down on last season, but the club are on course to improve on last season's 3rd place finish under Roberto Mancini.

Sergio Aguero's £38 million move from Atletico Madrid to Manchester City in the summer is the highest fee paid for a player this season; second only to Fernando Torres on the all-time Premier League list.

The signings of Juan Mata (£23.5m) and Romelu Lukaku (£18m) over the summer, added with the captures of Gary Cahill (£7m) and Kevin De Bruyne (£7m) in January meaning Chelsea finish in the runners-up spot. The same position in the actual Premier League title is looking more and more unlikely for the Blues.

Having paid £35 and £22.7 million for Andy Carroll and Luis Suarez one year ago, Liverpool continued their spending, notching up a total of £58.7 million this season, which included the likes of Stewart Downing (20m), Jordan Henderson (£16m) and Charlie Adam (£9m).

Queens Park Rangers have made an impression, both during the summer and winter transfer windows. Their 15 permanent signings combined for just under £24 million; Anton Ferdinand's £4.5m move from Sunderland over the summer was the highest fee the Rs paid.

Everton and Bolton Wanderers were the only two sides who paid more during the January transfer window than during the summer. The Toffees did not spend a penny on transfer fees over the summer before the £5.5m capture of Nikica Jelavic from Glasgow Rangers on transfer deadline day.