Man City have 'most expensive squad in football'

The CIES data covers Europe's big five leagues, the top divisions in England, France, Germany, Italy and Spain. 

City spent a total of £215m on transfers this summer to take the total expenditure on their squad to €853m (£775m).

That is £3m more than the amount spent by French giants Paris Saint-Germain who splashed a world record £200m on Brazilian star Neymar in the summer.

Manchester United were top of the table last year but the value of their squad has only increased by £66m this summer, meaning they have spent €784m (£712m) in total, falling to third place.

Premier League teams occupy six of the top 10 positions, and boast the highest average squad worth of €287m (£261m).

Here's a list of the top ten teams in full:

1. Manchester City - €853m

2. Paris Saint-Germain - €850m

3. Manchester United - €784m

4. Chelsea - €644m

5. Barcelona - €628m

6. Real Madrid - €497m

7. Juventus - €470m

8. Liverpool - €437m

9. Arsenal - €416m

10. Tottenham - €361m