Arsenal are in 12th place across Europe for the amount of money spent on transfers between 2010 and 2016, just above Tottenham in 13th place, but some way off Manchester City, Chelsea and Manchester United who take the top three places.

In a table compiled by the CIES Football Observatory, Liverpool make a surprising appearance at number 6, above Real Madrid, showing just how carefree the Scousers have been with their cash over the past six years.

The table in full, with prices in Euro (millions)

  1. Manchester City 1024
  2. Chelsea 870
  3. Manchester United 841
  4. PSG 691
  5. Barcelona 680
  6. Liverpool 663
  7. Real Madrid 644
  8. Juventus 618
  9. Roma 535
  10. Inter Milan 517
  11. Atletico Madrid 516
  12. Arsenal 466
  13. Tottenham 457
  14. Napoli 437
  15. Bayern Munich 435
  16. Monaco 370
  17. Wolfsburg 353
  18. Valencia 341
  19. Borussia Dortmund 340
  20. AC Milan 337

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When it comes to spending this summer alone, Arsenal were, again, in 12th place.

  1. Manchester City 231
  2. Chelsea 185
  3. Manchester United 176
  4. PSG 156
  5. Barcelona 149
  6. Liverpool 133
  7. Real Madrid 129
  8. Juventus 128
  9. Roma 121
  10. Inter Milan 101
  11. Atletico Madrid 98
  12. Arsenal 96
  13. Tottenham 96
  14. Napoli 95
  15. Bayern Munich 95
  16. Monaco 89
  17. Wolfsburg 86
  18. Valencia 84
  19. Borussia Dortmund 76
  20. AC Milan 71