Four Premier League clubs are at the top of the biggest spenders list for the summer of 2026 with Bayern and Barcelona playing catch-up.
The transfer window is officially open and clubs across the world are starting to do business.
So here are the teams who have spent most so far this summer…
All fees and figures are taken from Transfermarkt. The 20 biggest deals of the summer are here.
10) Real Madrid – £64.23m
Jose Mourinho has arrived so of course the Real Madrid defence is going to get some serious work. Denzel Dumfries has followed Marc Cucurella through the door.
9) Sporting Lisbon – £68.24m
Sporting may have spent but they have had the biggest transfer income – largely from selling Geovany Quenda to Chelsea – of anybody on this list.
8) Barcelona – £70m
Barca being Barca, they chucked a huge wad at Newcastle for Anthony Gordon then went to Manchester United pleading poverty over Marcus Rashford. Their interest in Julian Alvarez suggests there are still levers unpulled, but Real and Floretina Perez may have stitched up the Catalans with their definitely genuine, in no way a sham offer for the Atletico Madrid striker.
7) Newcastle – £78.75m
With more than £150m generated through player sales already this summer, and the promise of more to come once Arsenal get their own way, Newcastle have realised that they probably need to get spending. Ewen Jaouen, Bazoumana Toure and Sean Steur are all 20 and under, drafted in from strong European teams, and will leave once a bigger club flutters their eyelashes.
6) AC Milan – £85.5m
The club-record capture of Goncalo Ramos from Paris Saint-Germain cost an inevitable penny for Ruben Amorim’s new team, while Real Madrid alumnus Mario Gila did not come cheap from Lazio either.
5) Bayern Munich – £85.7m
A little peek through the World Cup shop window has landed the Bundesliga champions Morocco standout Ismael Saibari and undisgraced Germany full-back Nathaniel Brown for €50m apiece from PSV and Frankfurt respectively.
4) Liverpool – £89.5m
Liverpool arranged the deal to sign Jeremy Jacquet from Rennes in January and they have started their summer by p*ssing on Newcastle’s chips again to sign Victor Munoz from Osasuna.
3) Chelsea – £102.73m
Geovany Quenda, Denner and Dastan Satpaev sound right up Strasbourg’s street, but the biggest money so far has been dropped on right-back Marco Palestra.
2) Manchester City – £140m
A few quid was shuffled sister club Troyes’ way for Mathys Detourbet, but it was the record transfer fee for an English player (£116m) they spent on Elliot Anderson that shot them up the list before a further £3m was spent to sign Sheffield Wednesday goalkeeper Pierce Charles.
1) Tottenham Hotspur – £229.5m
Third time lucky for Spurs after they eventually reached a deal with Brighton for Jan Paul van Hecke. That’s three defenders signed this summer with van Hecke following freebies Andy Robertson and Marcos Senesi. And then they casually dropped £85m on Mateus Fernandes and an initial £92.5m on Sandro Tonali that could rise to £100m.