For Europe's biggest clubs and leagues, the time for transfers in the 2024-25 season has come and gone.

The winter window closed at 11 p.m. BST (6 p.m. ET) in England, Italy and Spain on Monday, an hour earlier in France and even earlier in Germany. It remains open in select countries such as Turkey and the Netherlands, but there's little room for more major deals.

All parties -- clubs, players, managers and agents -- will now sit back and assess. Some got their wishes and some didn't. Some excelled in their movements over the summer, while others will be lamenting missed opportunities.

With that, let's look back at what happened during the window and neatly sort the results into winners and losers (with a few who sit in between). Here's who nailed it -- and who didn't.

WINNERS

PARIS SAINT-GERMAIN

There is no doubting who won this window, as PSG landed one of the world's best wingers -- Khvicha Kvaratskhelia -- for a fee of just 60 million. The Georgia international's transfer was being valued at double that just a few months ago, so they really pulled off a coup and "Kvaradona" should have a major impact.

If that wasn't enough, the French champions also made a cool 46m profit on midfielder Xavi Simons' permanent switch to RB Leipzig for 50m, moved on defender Cher Ndour to Fiorentina, and also found a home for misfiring forward Randal Kolo Muani, who was sent on loan to Juventus for the rest of the season.

ASTON VILLA

Aston Villa were among the busiest clubs in Europe during this window and in one fell swoop, they were able to solve all of their profit and sustainability rules (PSR) issues.

A 77m move to Saudi Arabian side Al Nassr for 21-year-old striker Jhon Durán will aid the club's finances for years, and they did well to find permanent homes for Jaden Philogene (Ipswich Town) and Diego Carlos (Fenerbahçe), as well as loans for Emiliano Buendía (Bayer Leverkusen), Kosta Nedeljkovic (RB Leipzig) and Samuel Iling-Junior (Middlesbrough).

Marcus Rashford (on loan from Man United) will replace Durán with the hope of reigniting his career, and Donyell Malen (25m, Borussia Dortmund) should provide another option up front. The late loan move for PSG's Marco Asensio is another low-risk, high-reward arrival to help Villa push forward on multiple fronts between now and the end of the season.

A more experienced right-back than Andrés García (8m, Levante) might have been on the cards, but it was the loan signing of Chelsea centre-back Axel Disasi that tipped Villa over into winners. If they hadn't signed someone to plug the gaps in their defence, it would have been bad.

MARCUS RASHFORD

Rashford had not featured for Man United since their Europa League win over Viktoria Plzen on Dec. 12 amid new head coach Ruben Amorim's concerns about the forward's application in training. And it will be a relief for him to have found a new club.

AC Milan, Dortmund and Barcelona were all in the running at various points, but Villa managed to persuade Rashford to join and also agreed to cover a substantial part of his wages (which is why United allowed him to go).

Rashford will have a lot to prove for the rest of the season, and what he does could very well define the rest of his career. For now, he'll just be delighted to be out of Old Trafford.

DANI OLMO

The fact that he can even play for Barcelona makes Dani Olmo a winner. At the start of January, it looked very much as if Barca's 60m summer signing would be kicking his heels on the sidelines for the second half of the season, as the club's financial issues prevented him from being registered with LaLiga.

But one court battle after another followed, and as it stands, the Spain forward can play for now -- though LaLiga chief Javier Tebas is trying to change that.

Otherwise, it's a bit of a sorry tale for Barcelona, who missed signing Rashford on loan and didn't move out Pau Víctor, Eric García, Pablo Torre or Ansu Fati on loan.

NEUTRAL

MAN CITY

On the face of it, spending over 200m to sign four players should qualify Man City as winners, right? Well, the problem is that while struggling City definitely needed an injection of new blood this window, the players they signed aren't a great solution to their immediate issues.

Young defenders Abdukodir Khusanov (48m, Lens) and Vitor Reis (35m, Palmeiras) aren't really yet ready for the pace of the Premier League, though they can fill some of the gaps left by City's injuries. Up front, the club spent 60m (plus another 10m in add-ons) to sign in-form striker Omar Marmoush from Eintracht Frankfurt, but they are playing him out of position as a withdrawn striker (basically a No. 10) rather than as a No. 9 or out wide on the left where he would be more comfortable.

The only obvious fit was the signing of former Barcelona defensive midfielder Nico Gonzalez from FC Porto and even then, City were forced to fork over an extra 20m than what they wanted to, paying his 60m release clause.

It could be that it takes another year or so before these signings can be properly judged, but right now it doesn't feel as if they are the answer.

TOTTENHAM

Tottenham are in the middle of an injury crisis, especially in defence, and manager Ange Postecoglou was pretty vocal about needing some reinforcements if they are to move up from 14th place in the table in the second part of the season.

The loan signing of centre-back Kevin Danso (with an obligatory 25m deal set for the summer) will bolster them slightly, but an offer of 75m to land Crystal Palace's Marc Guéhi, which was rejected, showed how much the club wanted to do. And they failed to add more cover.

They needed a backup goalkeeper and 21-year-old Antonin Kinsky hit the ground running as he was thrown into action from the off, but 18-year-old South Korea prodigy Yang Min-Hyeok, who was then sent on loan to QPR, wasn't going to be enough in attacking areas.

So, tipping them from losers to neutral was the deadline-day signing of Bayern forward Mathys Tel on loan, with an option to sign permanently in the summer. The club did well to persuade him to join, given he rejected a 60m permanent move last week, and he could make an immediate difference in attack.

BOURNEMOUTH

This one is more about who the club were able to keep hold of rather than who they signed. Teenage arrivals Matai Akinmboni, Julio Soler, Kai Crampton and Zain Silcott-Duberry might not immediately make an impact as they are ones for the future, but Bournemouth will be delighted to have kept hold of their main stars as they push for a spot in Europe this season.

While loan exits for Philip Billing (Napoli) and Max Aarons (Valencia) were sanctioned, Bournemouth kept hold of Milos Kerkez, Illia Zabarnyi and Dean Huijsen -- all of whom were attracting interest from some of the biggest clubs in Europe. That is no mean feat.

LOSERS

MANCHESTER UNITED

Will a 20-year-old full-back solve all of Man United's issues? The club did well to land highly rated Patrick Dorgu for 30m from Lecce and he is a good fit for Amorim's 3-4-2-1 formation, but they really needed more.

Loan exits for Antony (Real Betis), Rashford (Aston Villa) and Tyrell Malacia (PSV) opened up room on the wage bill, but the signing of 18-year-old defender Ayden Heaven from Arsenal was not going to set pulses racing at Old Trafford. A goal-scoring forward was needed, while a serious injury to Lisandro Martinez could see them regret not adding more to their defensive ranks.

ARSENAL

Arsenal are the second-highest scorers in the Premier League, but they still needed to sign another forward player if they want to challenge Liverpool for the title. Kai Havertz has done OK, with 15 goals in all competitions to date, but injuries to Bukayo Saka and Gabriel Jesus have left the squad short of options up front and that's not going to change now.

A 40m bid to sign Aston Villa striker Ollie Watkins was rejected, while links to Bayern's Tel, Juventus' Dusan Vlahovic and Athletic Club's Nico Williams came to nothing.

The club also lost young defender Heaven to Man United for minimal compensation, which they would not have liked.

CHELSEA

An odd window for the usually free-spending Blues, as 19-year-old midfielder Mathis Amougou (15m from Saint-Etienne) and Trevoh Chalobah were the only incomings and the latter was a loan recall from Crystal Palace. Links with Man United's Alejandro Garnacho came to nothing and Chelsea were rumored to be interested in almost every central striker around but didn't sign one.

Out went young midfielder Cesare Casadei to Torino, where they got back the 15m they paid to sign him from Internazionale in 2022, and there were a number of loan deals for the likes of Renato Veiga (Juventus), Ben Chilwell (Crystal Palace) and João Félix (AC Milan). Do they feel any better off? Not really.

CHRISTOPHER NKUNKU

Sources told ESPN ahead of deadline day that Chelsea forward Christopher Nkunku was desperate to leave after playing just 419 minutes in the Premier League so far this season. But when the deadline passed, the France international was still there.

Interest from Bayern Munich and Manchester United came to nothing, as the Blues reportedly wanted at least 60m for a permanent transfer and it's surprising that he didn't move out on loan in the end. Though it seems neither the player nor club were interested in a short-term deal.

It remains to be seen what part he will play in the rest of the season, but a summer move is almost certainly on the cards.