Liverpool have splashed the cash on a host of acquisitions in recent weeks, and they look set to fork out over £80million to secure the signature of Hugo Ekitike from Eintracht Frankfurt. Arsenal are also closing in on a new No. 9 in the shape of Sporting’s Viktor Gyokeres.

Arsenal could miss out on a key transfer target and to a Premier League title rival. Arsenal may have offered one of their Premier League title rivals a clear road to a superstar signing. The Gunners have already been very busy in this summer window,

Even on a net basis, the 12 European clubs have already spent more than their collective Club World Cup earnings on transfers.