| 29/10/04 | Adrian Mutu | Contract Terminated | Free |
| 14/10/04 | Alexis Nicolas | Brighton | Free |
| 31/08/04 | Craig Rocastle | Hibernian | Loan |
| 18/08/04 | Valerio Di Cesare | Released | Free |
| 17/08/04 | Jurgen Macho | Contract cancelled | Free |
| 11/08/04 | Marco Ambrosio | Contract Cancelled | Free |
| 02/08/04 | Boudewijn Zenden | Middlesbro | Free |
| 31/07/04 | Neil Sullivan | Leeds United | Free |
| 15/07/04 | Hernan Crespo | AC Milan | Loan |
| 14/07/04 | Mario Stanic | Released | Free |
| 12/07/04 | Jesper Gronkjaer | Birmingham | £2.2m |
| 12/07/04 | Carlton Cole | A Villa | Loan |
| 06/07/04 | Marcel Desailly | Released | Free |
| 30/06/04 | Jimmy Floyd Hasselbaink | Released | Free |
| 06/06/04 | Winston Bogarde | Released | Free |
| 06/06/04 | Joel Kitamirike | Released | Free |
| 06/06/04 | Mario Melchiot | Released | Free |
| 06/06/04 | Emmanuel Petit | Released | Free |
| 03/06/04 | Juan Sebastian Veron | Inter Milan | Loan |
| 28/05/04 | Mikael Forssell | Birmingham | Loan |
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