European clubs from the “big five” leagues spent over €5 billion during the summer transfer window for the first time, according to a Deloitte report.
Clubs from the Premier League, La Liga, Bundesliga, Serie A and Ligue 1 broke the previous record by €0.9bn which was set last summer.
The Premier League spent €1.55bn — the most out of the five leagues — but the net spend fell by more than €50 million which was the lowest since 2015.
This total amount of £1.37bn spent by Spanish clubs had the potential to go even higher had Barca succeeded in their attempt to re-sign Neymar.
Serie A clubs spent a total of €1.17bn with Juventus’ acquisition of Matthijs de Ligt for €75m the biggest single outlay, while Bundesliga sides paid a total of €740m as Bayern Munich broke their transfer record to sign Lucas Hernandez from Atletico for €80m.