A new study has revealed the most expensive squads in world football and the results will certainly leave some football fans shocked.
After a hectic summer transfer window - which saw Premier League clubs spend more than £1.75billion on new players - plenty of star-studded squads have been assembled.
European giants such as Real Madrid, Bayern Munich and PSG also delved into the market to make some crucial additions for the upcoming campaign.
Now, thanks to analysis gathered by CIES Football Observatory, these squads have been put into a definitive list to show which team have spent the most on their side.
The study presents the 100 teams in the world having committed the most money in transfer fees to recruit their current squad members (both permanently or on loan).
A new study by by CIES Football Observatory has revealed the 100 most expensive squads
Premier League champions Manchester City fall just short of the top spot on the list
After another busy summer, Chelsea have spent £1.06billion (€1.28b) building their squad
Interestingly, Premier League champions Manchester City fall short of top spot and, instead, find themselves third with a staggering total of £856million (€1.017b) spent on building their squad.
TOP 5 MOST EXPENSIVE SQUADS
1. Chelsea - £1.06billion (€1.28b)
2. Man United - £874million (€1.038b)
3. Man City - £856million (€1.017b)
4. Arsenal - £672million (€798m)
5. Tottenham - £663million (€787m)
Just ahead of City are local rivals Manchester United who, despite their early struggles, have spent £874million (€1.038b) on their squad.
The Red Devils made over £200million worth of signings during the summer, with the likes of Leny Yoro, Manuel Ugarte and Matthijs De Ligt all joining the club.
Sitting in top spot, however, are City and United's league rivals Chelsea. After yet another summer of spending, the Blues' total has been taken up to £1.06billion (€1.28b).
Rounding off the top five are north London rivals Arsenal and Tottenham, who are placed fourth and fifth respectively.
The Gunners boast a squad that cost £672million (€798m) to assemble, while their local rivals' squad cost £663million (€787m) after signing the likes of Dominic Solanke for £65million.
Breaking the Premier League trend are French giants Paris Saint-Germain, who's squad are worth a staggering £650million (€772m) after Kylian Mbappe's exit.
Uruguayan midfielder Manuel Ugarte joined Manchester United from PSG in a £51million deal
Dominic Solanke was the most expensive Premier League signing after joining Spurs for £65m
Arsenal boast a squad that cost £672million (€798m) to assemble ahead of the new campaign
The Parisian side are narrowly ahead of both Liverpool and Real Madrid - who Mbappe left France to join. The study reports that the two sides have spent approximately £619million (€735m) and £606million (€720m) respectively.
Interestingly, Atletico Madrid - who made the largest transfer of the summer in Argentinian forward Julian Alvarez - spent roughly £418m (€496m) on their squad.
Looking away from Europe's top five leagues, Al-Hilal, spending £420million (€485m), have the most expensive squad.
The Saudi Arabian club leads a trio of compatriots, including Al-Nassr at £235million (€270m), Al-Ittihad at £197 million (€226m) and Al-Ahli at £195 million (€224m).
In South America, Flamengo holds the top spot with a valuation of £181million (€208m). The Brazilian club significantly outpaces Botafogo's squad value of £74million (€85m) and Palmeiras' £67 million (€77m).
Kylian Mbappe's move to Real Madrid from PSG would've helped boost the Spanish side's value
Julian Alvarez completed an £81million move from Man City to Atletico Madrid in the summer
In total, 19 countries are represented in the top 100, with a maximum of 24 clubs for England (the 20 Premier League sides and four teams from the Championship).
Championship side Middlesbrough rank in at 100th on the list, with their squad value of £54million (€65m) enough to make the list.