Premier League spending have already broken the £1billion barrier this summer as clubs have splurged huge cash in an inflated transfer market in bid to strengthen their squad ahead of the new season.

Premier League Summer Spending Tops £1BILLION With Three Weeks Left Before Deadline Day
Andre Gray

Andre Gray’s £18.5 million move from Burnley to Watford is just the latest business to have been conducted in a close season in which clubs have splurged cash with no holds barred.

Premier League clubs had spent more than a billion in transfers for the first time in their history last summer.

Premier League Summer Spending Tops £1BILLION With Three Weeks Left Before Deadline DayThis time around they have spent money like there is no tomorrow – and have already eclipsed last year’s total spending with three weeks before the summer transfer window closes.

And if clubs collectively spend another £118m, it will make this transfer window the most expensive one in footballing history.

With Chelsea, Tottenham, Arsenal and Manchester United still out in the market to bolster their squad – it is believed that the total spend will be closer to £1.25bn.

Premier League Summer Spending Tops £1BILLION With Three Weeks Left Before Deadline Day
Kyle Walker has joined Man City on a five-year deal for a fee that could reach £52m

Manchester City have roped in six players early this summer in a sensational £218m summer spending spree. Guardiola have signed goalkeeper Ederson, attacking midfielder Bernardo Silva, central midfielder Douglas Luiz and full-backs Kyle Walker, Danilo and Benjamin Mendy.

Premier League Summer Spending Tops £1BILLION With Three Weeks Left Before Deadline Day
Lukaku has joined the Old Trafford club on a five-year deal

Arch rivals Manchester United are still searching the market to land at least two more signings – having already spent £145.8m to rope in defender Victor Lindelof, striker Romelu Lukaku and defensive midfielder Nemanja Matic.

Despite Antonio Conte being unhappy with Chelsea’s transfer business so far, the Blues have already splurged £130m to sign four players – striker Alvaro Morata, defensive midfielder Tiemoue Bakayoko, centre-back Antonio Rudiger and goalkeeper Willy Caballero (for free).

Premier League Summer Spending Tops £1BILLION With Three Weeks Left Before Deadline Day
Alvaro Morata signed for Chelsea in a deal worth £70million

Conte is still eyeing to sign Alex Oxlade-Chamberlain and have already launched a bid of £25m for the Arsenal player and also wants to add two more full-backs to his squad – that would easily add up a further £100m to their total spending before the transfer window closes.

On the other hand some clubs have hesitated and have opted to spend the money more carefully –operating on a budget, despite the fact that every club in the Premier League earns a minimum of £145m-a-season.

Premier League Summer Spending Tops £1BILLION With Three Weeks Left Before Deadline Day
Alexandre Lacazette joined Arsenal in a £52million move from Lyon.

Arsenal have so far roped in striker Alexandre Lacazette on a club record £52.7m transfer fee and landed left-back Sead Kolasinac on a free transfer. But the Gunners are set to splurge more cash and have been heavily linked with a big-money money move for Monaco star Thomas Lemar.

Stoke City have roped in five new players – in a mixture of free transfers, loan deals and low transfer fees.

Premier League Summer Spending Tops £1BILLION With Three Weeks Left Before Deadline Day
Spurs have rated Barkley at £25m

Spurs are yet to sign a new player this summer but it is believed that they will splash the cash in the next three weeks, having been linked with a £25m move for Everton contract rebel Ross Barkley.

Liverpool have so far spent £47.9m to rope in winger Mohamed Salah, left-back Andrew Robertson and centre-forward Dominic Solanke (for free.)

Premier League Summer Spending Tops £1BILLION With Three Weeks Left Before Deadline Day
Mohamed Salah

However, it is believed that the Reds would have to go back into business if they fail to tie keep key player Philippe Coutinho, who has been heavily linked with a £108.8m move to the Spanish giants Liverpool.

The Reds will have to invest a large portion of the cash they would receive from Coutinho’s expected transfer, to rope in a replacement.

Premier League Big Spenders – How Much Each Club Has Spent So Far This Summer 

Manchester City – £218m

Manchester United – £145.8m

Chelsea – £130.4m

Everton – £94.9m

Leicester – £55.4m

Arsenal – £52.7m

Watford £50m (inc Andre Gray)

Liverpool – £47.9m

West Ham – £42.7

Huddersfield – £35.4m

Newcastle – £31.2m

Bournemouth – £30m

Brighton – £26.1m

West Brom – £19.8m

Southampton – £18.5m

Burnley – £15.8m

Swansea – £11.5m

Crystal Palace – £7.9m

Stoke – Nil

Tottenham – Nil

Total – £1,034,000,000 (£1.034bn)