Manchester City have become the first club to have assembled a squad worth more than one billion euros.
That is according to the CIES Football Observatory , who have listed the top sides around Europe based on their squad value.
Paris Saint-Germain and Real Madrid are both close to €1bn according to the findings by CIES' Weekly Post, but it's Man City who lead the way.
The Blues have a squad value of €1.014bn (£908.5m), while the likes of PSG and Real are worth €913m and €902m respectively.
Manchester United are back in fourth with a squad value of €751m, slightly ahead of Juventus (€719m).
Barcelona (€697m), Liverpool (€639m), Chelsea (€561), Atletico Madrid (€550m) and Arsenal (€498m) round out the top ten squad values around Europe.
Everton are the next Premier League club in the list worth €486m and the Toffees are ahead of Tottenham Hotspur (€465m).
Leicester City are the only other Premier League side in the top 20, with the Foxes' squad valued at €312m.
The latest CIES player values post shows that Raheem Sterling (€207.8m), Leroy Sane (€137.1m), Bernardo Silva (€136.9m), Gabriel Jesus (€130.6m) and Aymeric Laporte (€105.4m) are City's top five most valuable players.
Top ten European football squad values (in euros)
Man City €1.014bn
PSG €913m
Real Madrid €902m
Manchester United €751m
Juventus €719m
Barcelona €697m
Liverpool €639m
Chelsea €561m
Atletico Madrid €550m
Arsenal €498m
