The annual European Club Finance and Investment Landscape report commissioned by UEFA has said Chelsea's squad at the end of the 2024 financial year was the most expensive ever in terms of transfer fees.
The publication analyses all of Europe's top leagues through submissions and detailed reviews.
Its findings always reveal the scale at which Premier League clubs are paying fees and accruing revenue.
The study claimed that English clubs' transfer spending increased by 17% to a record €2.1 billion in 2023.
Of the 20 most expensive squads in the world, nine are from from the Premier League.
This list is topped by Chelsea, who have signed 41 players across six transfer windows, since being taken over by Todd Boehly and Clearlake Capital in the summer of 2022.
The report noted that their squad at the end of the club's 2024 financial year was officially the most expensive ever assembled, with a combined transfer cost of €1.656bn.
It comfortably surpassed the value of the Manchester United's squad of 2023, which cost €1.422bn.
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