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At every instance, when you move out a player from your team and move in another player to take the former's place, it's called a 'transfer'.
If you move out more than one player and replace them before confirming your team, you would have made as many transfers.
Please note that if you move out a player and confirm your team, and again move in the same player again to confirm your team the second time, you will have made two transfers, not one - even though only one player will be shown under 'sold players'.
For example,
Step 1: Move out player A, and move in player B and confirm your team.
Transfer count : 1 Sold Players List: A
Step 1: Move out player B, and move in player A and confirm your team.
Transfer count : 2 Sold Players List: B
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