Fees in the transfer market at home and abroad have risen dramatically, and wages have also subsequently sky-rocketed.
Now more than ever, the importance of spending wisely and getting value for money is essential to England’s top-flight clubs.
With competition for place in the Premier League growing all the more difficult, Express Sport looks at who overachieved in terms of paying players and who failed to deliver.
Sunderland, Newcastle and Chelsea all underachieved last season – Sunderland finishing 17th despite coming in at 10th with £71million spent on wages.
Newcastle were relegated but spent £75.8m, ranking them seventh in terms of the big spenders.
And although Chelsea topped the pile with a staggering £215.6m spent, they finished 10th in the Premier League table. A huge underachievement from the 2015 champions then.
Unsurprisingly, the traditional big-four of Manchester United, Manchester City, Chelsea and Arsenal made up the top four spenders.
Tottenham punched above their weight finishing third with a wage bill ranking of sixth. Good work Mauricio Pochettino.
Watch the video above to see the Premier League top 10 biggest spenders in full…