sport news Carlo Ancelotti insists Real Madrid's lack of spending has NOT hurt their ... trends now

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Carlo Ancelotti is confident the Premier League's historic £815million January spending spree will not 'end the competitiveness that exists in Europe', ahead of Real Madrid's last-16 clash with Liverpool in the Champions League later this month.

The English top flight smashed its January transfer window spending record last month, with Chelsea in particular splashing over £300m, accounting for 37 per cent of the league's expenditure.

Todd Boehly bolstered Graham Potter's squad with eight new additions including British record transfer Enzo Fernandez (£107m), Ukrainian star Mykhailo Mudryk (£88m) and French defender Beniot Badiashile (£35m) - whilst also securing a summer move for Christopher Nkunku from Red Bull Leipzig (£63m).

Meanwhile, Liverpool recruited Cody Gakpo for £44m, top four hopefuls Newcastle signed Anthony Gordon on a deal worth £45m and Tottenham secured the deadline day swoop of Sporting Lisbon right-back Pedro Porro for £42m.

By comparison, all 20 LaLiga clubs spent a combined total of just £33m in January, marking a six-year low in the Spanish top flight.