Football over the past decade or so has grown exponentially in terms of revenues from commercial means, which has meant that clubs have been able to spend large amounts of money to sign players in the transfer window.
Here, we take a look at five clubs who have spent the most amount of money on signings since 2011/12.
1. Manchester City - €1.51bn
It comes as no surprise that Manchester City top the list, considering that they have been very active when it comes to signing players and have shelled out large amounts of money in transfers.
For all the money that they have spent, it must be noted that City have made a number of astute signings over time, with most of them being worth the money that was paid for them.
2. Barcelona - €1.47bn
That Barcelona find themselves in major debt currently is due to the poor investments they have made in the recent past, with large amounts of money spent on Philippe Coutinho and Ousmane Dembele coming to mind.
The Catalan giants have spent on fortune on wages and will need to find a way to reduce their costs in order to compete for trophies in the foreseeable future.
3. Chelsea - €1.47bn
Another top club which are a staple on the spending list are Chelsea, with the Blues known for their tendency to spend large amounts of money in order to sign players.
The Premier League outfit have been able to bring in a number of top players, though they have failed to sign a top striker with the exception of Diego Costa in the past.
4. Juventus - €1.44bn
Juventus are known for being smart players in the transfer window, but they have still spent a staggering €1.44bn on players, with Cristiano Ronaldo being the most expensive player they have brought in.
The Bianconeri are another club who are looking to reduce their spending, especially due to the financial uncertainty brought about by the COVID-19 pandemic.
5. Manchester United - €1.44bn
Manchester United are one of the biggest clubs in the world, but over the past decade they have failed spectacularly in terms of signings by spending big on a number of flops.
It will be interesting to see where they are placed come the next decade.