Even though Paris Saint-Germain spent €400 million on Neymar and Mbappe, the squad managed by Unai Emery is not the most valuable around.
That is what the International Centre for Sports Studies assured, after establishing the Parisian side's valuation at €850 million. That's three million under Manchester City, who are worth €853 million.
The Citizens top the list, while their city arch-rivals Manchester United come in third, their players priced at a total of €784 million. Barcelona and Real Madrid have had to settle for fifth and sixth, worth 628 and 497 million, respectively.
There are other surprises on the list, like Everton's squad coming in on top of AC Milan's after their summer spending spree. Crystal Palace are also among the 20 most valuable teams, despite currently being bottom of the Premier League.
Here is the list published by CIES:
1º Manchester City (Premier League, €853m)
2º PSG (Ligue 1, €850m)
3º Manchester United (Premier League, 784m)
4º Chelsea (Premier League, 644m)
5º Barcelona (LaLiga, 628m)
6º Real Madrid (LaLiga, 497m)
7º Juventus (Serie A, 470m)
8º Liverpool (Premier League, 437m)
9º Arsenal (Premier League, 416m)
10º Tottenham (Premier League, 361m)
11º Bayern Munich (Bundesliga, 350m)
12º Everton (Premier League, 348m)
13º AC Milan (Serie A, 316m)
14º Monaco (Ligue 1, 293m)
15º AS Roma (Serie A, 276m)
16º Borussia Dortmund (Bundesliga, 275m)
17º Inter Milan (Serie A, 268m)
18º Napoli (Serie A, 240m)
19º Atletico Madrid (LaLiga, 231m)
20º Crystal Palace (Premier League, 223m)