Swiss Football Observatory (

) calculated the total transfer value of each team's players and listed the

Team Transfer Value

The list is topped by Real Madrid with 1.728 billion euros, with Manchester City and Chelsea in second and third place.

CIES Team Transfer Value List:

1 - Real Madrid - 1,728 million euros

2 - Manchester City - €1.471 billion

3 - Chelsea - €1.388 billion

4 - Arsenal - €1.225 billion

5 - Barcelona - 1,124 million euros

6 - Liverpool - €1.099 billion

7 - Paris - €1,088 million

8 - Manchester United - €989 million

9 - Tottenham Hotspur - €886 million

10 - Leverkusen - 862 million euros

11 - Brighton - €807 million

12 - Bayern - €801 million

13 - Inter - 800 million euros

14 - Milan - 762 million euros

15 - Atletico Madrid - 752 million euros

16 - Villa - 717 million euros

17 - Juve - 697 million euros

18 - Dortmund - €646 million

19 - Leipzig - 639 million euros

20 - Napoli - 598 million euros

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