Arsenal have become only the second club in world football to have a squad value worth over €1 billion (£852.8m), according to the latest information.
According to Transfermarkt and on their return to the Champions League, Arsenal have entered an elite group of teams to have a value worth over €1b, or €1.09bn to be precise.
Their most valuable top-18 players is a major contributing factor, culminating in €895m, while the average market value of their players is calculated to be worth €34.17m.
That figure is likely to increase, too, following the club’s summer spending spree. The north London side have already signed Kai Havertz from Chelsea for £62 million.
West Ham skipper Declan Rice is expected to follow suit after Arsenal agreed a £105m fee to sign the England international, with an announcement expected to be made in the coming days.
The Athletic’s David Ornstein also revealed that the Gunners had reached full agreement with Ajax to sign Jurrien Timber in a deal worth €40m (£4.1), including €5m in bonuses.
Fresh off winning the treble, Manchester City are the only team to be worth more in the world, boasting a total value of €1.19bn.
Real Madrid round out the top three with a value of €975.50m, with Chelsea taking up the fourth spot after spending over £600 million since the arrival of Todd Boehly.
Here is the top 10 in full:
1) Manchester City (€1.19bn)
2 Arsenal (€1.09bn )
3 Real Madrid (€975.50m)
4 Chelsea (€951.70m)
5 Bayern Munich (€939.50m)
6 Paris Saint-Germain (€870.60m)
7 Barcelona (€860.00m)
8 Liverpool (€848.80m)
9 Manchester United (€773.80m)
10 Tottenham Hotspur (€755.30m)