English side, Manchester City have become the first ever football team to spend more than €1billion in assembling their squad.
Data from the Swiss-based CIES Football Observatory, showed that the Premier League champions spent €1.014bn on their group of players.
French champions Paris Saint-Germain were second, having spent €913million and Spain’s Real Madrid third with €902m.
Manchester United (€751m) have the second-most expensive squad in the Premier League, followed by Champions League winners Liverpool (€639m).
The top 10 clubs to spend the most on current squad:
1. Manchester City (€1.014bn)
2. Paris Saint-Germain (€913m)
3. Real Madrid (€902m)
4. Manchester United (€751m)
5. Juventus (€719m)
6. Barcelona (€697m)
7. Liverpool (€639m)
8. Chelsea (€561m)
9. Atletico Madrid (€550m)
10. Arsenal (€498m)