5) Nottingham Forest – €162m

Morgan Gibbs-White

It’s quite astonishing but the Midlands club have edged out the likes of Barcelona, Paris Saint-Germain, Manchester City and Bayern Munich to make it into the top five biggest spenders.

22 different players have been brought in by Forest, with the most expensive being Morgan Gibbs-White from Wolves. Whether the spending will pay off, we shall have to wait and see.