Premier League clubs spent a record £1.95 billion ($2.45 billion) on player transfers in the summer transfer window, which is expected to exceed £2 billion, according to data released on Friday local time.
Deloitte's sports practice said the summer transfer window, which opened on June 14, had surpassed last year's record £1.92 billion and was one week away from the Sept. 1 deadline.
There have been two transfers in the Premier League for more than £100 million, with former Brighton midfielder Moise Kecedo joining Chelsea and former West Ham midfielder Declan Rice signing for Arsenal, both of which exceeded £100 million, compared to last summer's Premier League none.
Since the acquisition of Chelsea by a consortium of Todd Boehly and Clearlake Capital in May 2022, Chelsea have signed nine players and spent more than $1 billion on transfer fees since the new owner completed the acquisition of Chelsea Football Club.
Reigning Premier League champions Manchester City reportedly signed winger Jérémy Doku this week for a £55 million transfer fee, after bringing in defender Josko Gvardiol for a €90 million ($97 million) transfer fee and midfielder Mateo Kovacic for £25m.
Manchester United bought former Atalanta striker Rasmus Højlund for £72m, while last year's runners-up Arsenal bought former Chelsea striker Kai Havertz for £65m. Newcastle United, ranked fourth last season, brought in midfielder Sandro Tonali for a £55 million transfer fee and winger Harvey Barnes for a £38 million transfer fee.