This move means that clubs can not now buy players once the season has begun with the window shutting the Thursday before the opening weekend, which will be August 9 next year.
Premier League clubs will still be able to sell players to clubs in other leagues, such as those in Europe, whose window is still open.
Others were quick to point out that poor behaviour over forthcoming transfers from players or agents are becoming all-too common and if this is going on whilst the season has started it can be an huge distraction for the team concerned.
"Europe's other major leagues " Spain's Liga, Italy's Serie A, the German Bundesliga and France's Ligue 1 " now face a decision about whether to fall into line with England.
Juventus chief executive Giuseppe Marotta said on the club's Twitter feed: "The Premier League's decision to end the transfer window early is wise". This type of uncertainty creates problems for managers who have to deal with want away players.
There is an argument that a window that closes sooner actually encourages - or even necessitates - tapping up, something that has again become so commented upon this summer.
Football League bosses have indicated they could follow the Premier League's move but require further dialogue with stakeholders before a decision is made.
"It's important that we close all that stuff before the championship starts", said Wenger.
The changes to the transfer window have been talked about as much overseas as in England over the past few years.
"Importantly, and when analyzed in the context of generating record broadcast, commercial and matchday revenues, Premier League clubs are spending well within their means", Dan Jones, a partner in Deloitte's Sports Business Group, said.
The summer transfer window will now shut on the Thursday before the start of season.
Watzke added: "The transfer period's just too long".
"No one is happy with the situation, so this is a very good idea", the Italian said at a press conference in Munich.
This move coincides with the views expressed by UEFA president Aleksander Ceferin earlier this week when he claimed he is in support of shortening the transfer window.