Liverpool has been judged to be the most valuable squad in world football, followed by Manchester City, according to a recent study .
Jurgen Klopp's side is on top of the list with an aggregated value of €1.4billion (£1.27bn).
According to the study commissioned by CIES Football Observatory, released on Monday, Barcelona and Real Madrid make up a field of four European clubs with squad valued at more than €1 billion (£883m).
See top twenty:
1. Liverpool - 1.4bn
2. Manchester City - €1.3bn
3. Barcelona - €1.17bn
4. Real Madrid - €1.1bn
5. Chelsea - €1.008bn
6. Manchester United - €1.007bn
7. Paris Saint-Germain - €979bn
8. Atlético Madrid - €836bn
9. Tottenham Hotspur - €787bn
10. Juventus - €783bn
11. Internazionale
12. Borussia Dortmund
13. Bayern München
14. RB Leipzig
15. Arsenal
16. Leicester City
17. Napoli
18. Everton
19. AS Roma
20. Olympique Lyonnais
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