FIFA has announced the colossal spending of clubs during the summer transfer window.

According to FIFA, clubs spent a record 7.36 billion dollars (5.89 billion pounds sterling) during the summer transfer window..

This figure grew by 47.2% in line with the previous period of the past year and by 26.8% in line with the previous record set in 2019.

Moises Caicedo's move from Brighton to Chelsea for 115 million pounds sterling became the largest transfer of the summer window. The other is the transfer of Declan Rice from West Gem United to Arsenal for ?105 million..

Jude Bellingham signed a contract with Real Madrid, and Borussia Dortmund took off for a new 103 million euros (88.3 million pounds sterling). Harry Kane transferred from Bayern Munich to Tottenham for an amount of over 100 million euros (86.4 million pounds sterling, 110 million dollars).

England spent the most - $1.98 billion, (? 1.5 billion), while Saudi Arabia was another on the list, having spent $875.4 million (? 701 million), ahead of France ($859.7 million,? 688.7 million), Nimechchin ($762.4 million,? 610.8 million), Italy ($711.0 million,? 569.6 million) and Spain ($405.6 million,? 324 million).

Emilio Garcia Silvero, FIFA's chief legal officer, said: " Germany was the first to pay transfer fees (1.11 billion dollars, 881.3 million pounds sterling) – this is the first time in history that clubs of the same association have withdrawn over 1 billion dollars (801.1 million pounds sterling).

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Women's football across Europe had 634 incoming and 565 outgoing transfers, with money spent on transfer fees increasing more than doubled since mid-2022 rock, reaching a record of 3 million dollars (2.4 million pounds).

Agents' fees also reached a record high and increased by 36%, equal to the previous year. 696 million dollars (557 million pounds sterling) were paid, resulting in a total of 853 million dollars (683.6 million pounds sterling) for the year 2023 lingiv).

The transfer window for most clubs around the world will begin in 2024, it will open on the 1st and close on the 1st.