I'm sure we have more. We spent more on Sissoko last January, and that was without CL.
The money is there, just not the will to spend it. FIAT has profits in the billions, but Juventus is a very small part of their empire, and pouring investment into Juve wont see as big a return compared to if they invested it in some of their other businesses. Whereas our patron b4 was deeply in love with the club, the current group don't really care. I'm not saying we should turn into a prem club, throwing large sums of money around, but were capable of more than free transfers and bargains.