Manchester City tops all-time transfer-window spending list after record €526 million outlay

Manchester City has pushed the transfer market past a new financial threshold. After spending €526.2 million on new players in the 2026/27 summer window, the club became the first to cross €500 million in a single transfer period.

The final surge came on deadline day, when City signed Iliman Ndiaye from Everton for €70 million and Enzo Fernández from Chelsea for €145 million. The Fernández fee matched the British transfer record. City’s other major purchases included Elliot Anderson for €135 million and Ayyoub Bouaddi for €95 million.

The spending displaced Liverpool’s previous record of €483 million, set in the 2025/26 summer window. Liverpool’s campaign included the €125 million signing of Florian Wirtz and the €145 million acquisition of Alexander Isak. Chelsea spent €418 million in 2023/24 and €407 million in the current window, while Real Madrid spent €331 million in 2019/20.

City’s gross spending did not equal its final net outlay. Transfermarkt reported that the club raised €337 million through player sales, leaving a net spend of €189 million. Tottenham spent €366 million and Newcastle United €301 million in the 2026/27 window, placing both clubs in the all-time top 10. Al-Hilal and Paris Saint-Germain also feature among the leading single-window spenders.