THE top ten most overvalued transfers have been revealed and it is not good reading for Premier League clubs.
Experts at Spin Genie UK have crunched the numbers to work out which clubs around the world spent too heavily during the summer window.
They have compared the amount the buying club paid to their market value at the time of the move.
Chelsea signed Brighton star Moises Caicedo for a staggering £115million as they smashed the British transfer record.
The Blues beat Liverpool to bring in the midfielder and handed him an eight-year deal at Stamford Bridge.
However, the study claims that Chelsea overpaid by a huge £50m.
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They believe he is worth just £64m.
Saudi Arabian clubs also splashed the cash this summer, especially Al-Hilal, who overpaid by £26m each in the deals for Malcolm and Neymar.
The top ten additionally shows Manchester United overspent in their moves for Rasmus Hojlund and Andre Onana.
Erik ten Hag signed the Danish striker for a whopping £72m from Italian side Atalanta despite his inexperience, with him having only scored 27 goals in his club career.
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The statisticians think United paid £26m too much for Hojlund and £15m for goalkeeper Onana.
Arsenal bolstered their squad by spending over £210m to sign Declan Rice, Kai Havertz and Jurrien Timber.
The Gunners' £105m deal for the ex-West Ham captain was £23m too high compared to his market value and Chelsea pocketed £17m more than they should have for Havertz.
RB Leipzig were the big winners of the summer window despite losing key players Dominik Szoboszlai and Josko Gvardiol to Liverpool and Man City respectively.
The German side received a combined £30m more than expected for the duo.
And another transfer that was overvalued saw Matheus Cunha making his initial loan move from Atletico Madrid to Wolves permanent.
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