Premier League spending on transfers has already surpassed £1bn this summer, with 22 days remaining of the transfer window.

Premier League clubs are about to set a new record for summer spending, with over £1bn already spent with three weeks still to go. The current spending record is £1.18bn, which was set just last summer.

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With a number of big deals still in the works, a new record could surpass that by some distance. After the new TV deal came into effect, several clubs broke their transfer records. Arsenal broke their own record this summer when they signed Alexandre Lacazette for £52m.

That signing alone makes Arsenal the sixth highest spenders this summer. Manchester City lead the way with a £218m spend, the majority of which has been spent on bringing in three full-backs. Manchester United are second with £145m, with about half of that going on Romelu Lukaku.

Chelsea have spent £130m so far, again with a large chunk of that going on a new striker in the form of Alvaro Morata. Everton have spent £90m bringing in several players, including £30m on Jordan Pickford. Surprisingly, Leicester have also spent more than Arsenal after spending over £20m on Kelechi Iheanacho.

If Arsenal go on to sign Monaco’s Thomas Lemar, they will almost certainly double their spend. With such a dramatic shift in fees in recent years, that record spend is only going to keep getting bigger. In fact, with Neymar’s transfer being close to £200m, it surely won’t be long until a Premier League pays £100m or more for someone.