#6 Spain (€768.5 million)
After a lacklustre campaign in their last major tournament appearance at the 2018 FIFA World Cup where they lost to hosts Russia in the second round, Spain topped their Euro 2020 qualifying group to qualify for the quadrennial tournament.
La Furia Roja are led by Real Madrid legend Sergio Ramos who is Spain's all-time record appearance maker (174) and is his country's ninth-most prolific scorer; Ramos' 23 goals for Spain is an impressive tally for a centre-back.
Barcelona's teenage sensation Ansu Fati (€80 million) is both Spain's youngest as well as the most expensive player in the team's roster. The 2010 world champions are currently involved in the 2020-21 Nations League where they are leading a group containing Germany, Ukraine and Switzerland after three games.
#5 Belgium (€773.5 million)
Belgium are the world's top-ranked team in the FIFA rankings following their exploits in recent major tournaments.
Graced by the likes of Kevin De Bruyne, Romelu Lukaku, Dries Mertens and Thibaut Courtois, collectively called Belgium's golden generation, the European nation reached the quarterfinals of Euro 2016 and the semifinals of the 2018 FIFA World Cup.
Perhaps unsurprisingly, Manchester City talisman De Bruyne (€120 million) and Inter striker Lukaku (€85 million) are the two most expensive players in the team's roster.
Belgium were one of the earliest teams to qualify for Euro 2020 with them scoring 40 goals and conceding a miserly three during an impressive qualifying campaign and the golden generation will look to leave its mark by winning a major tournament in the Euros postponed to next year.
The Reds, who are currently trailing England in Group A1 in the 2020-21 Nations League after three games, suffered a disappointing 2-1 defeat against the Three Lions in London to be knocked off the perch in their group.
#4 Brazil (€865.3 million)
Brazil, the most successful team in World Cup history with five titles, may have been knocked off the numero uno position in the FIFA rankings but remain a formidable team comprising talented players in numerous positions.
In 28-year-old striker Neymar, the Selecao have one of the best strikers in world football in their ranks while the team is also well-staffed in other areas like goalkeeping, defence and midfield; not surprisingly the PSG man (€128 million) is the most expensive player in Brazil's roster.
Liverpool custodian Alisson Becker, captain Casemiro, Philippe Coutinho, Fabinho, Marquinhos, Roberto Firmino and Real Madrid's teenage sensation Rodrygo provide an eclectic mix of talent, youth and experience to Brazil who are the envy of most teams around the globe.
The reigning Copa America champions are currently involved in qualifying action for the 2022 FIFA World Cup where they opened their campaign with a convincing 5-0 win over hapless Bolivia in Sau Paulo.