The top 10 most expensive teams based on transfer fees 

#9 Arsenal (€403 million)

Arsenal's transfer activity has improved in the recent years

Trumping Everton by a mile are Arsenal, who have made substantial investments in the transfer market in recent years. The acquisitions of the likes of Alexis Sanchez, Mesut Ozil, and Pierre-Emerick Aubameyang prove that the Gunners are trying their best to stay in line with Premier League bigshots Chelsea and the Manchester clubs.

Arsenal has spent a fortune of €403 million in assembling their current squad.

Arsene Wenger's men have been pretty much successful when it comes to domestic competitions like the Carabao Cup and the FA Cup. However, their cabinet has been empty when it comes to league & continental titles. Consistency is a major reason as to why they have failed to lay their hands on the Premier League trophy.

Arsenal's transfer activity has been impressive in contrast to what it was a decade ago. Their record signing is the latest January acquisition and Gabonese hitman Pierre-Emerick Aubameyang (€63.75m), followed by French forward Alexandre Lacazette(€53m) and German maestro Mesut Ozil(€47m).