Although the summer transfer window remains open for about two more weeks, there have already been plenty of high-profile moves across the continent.
Barcelona paid a hefty transfer fee for Luis Suarez, Paris Saint-Germain spent big on David Luiz, Manchester City splashed the cash on Eliaquim Mangala, while Manchester United made Luke Shaw the most-expensive left back — and teenager — in history.
Elsewhere, Real Madrid lured Toni Kroos and James Rodriguez to its squad to further increase the value of its team after the record-breaking buys of Cristiano Ronaldo and Gareth Bale in recent years.
The Santiago Bernabeu side's heavy spending in the past few seasons saw it field a starting XI in the European Super Cup that has cost it close to 500 million euros in transfer fees.
With Bale, Ronaldo and Rodriguez, Madrid has three creative players for whom it paid a transfer fee of at least 80 million euros, yet the club has spent relatively little on its defensive options — an area PSG has certainly not overlooked.
Here, Goal takes a look at the most expensive players in each position based on the transfer fees paid for them, with the total value of the most expensive current XI sitting at 668 million euros.
Between the sticks, Juventus goalkeeper Gianluigi Buffon is the most expensive player following his 51 million euro move from Parma in the summer of 2001.
At right back, Barcelona's Dani Alves makes an appearance, having joined his current team from Sevilla for a reported fee of 35 million euros in 2008.
Paris Saint-Germain made David Luiz the most expensive defender in the world earlier this summer when it paid Chelsea 50 million euros for the Brazil international, only for Manchester City to spend even more on Eliaquim Mangala last week, with Porto receiving 30.5 million euros for 57 percent of his rights, making for a total transfer fee of 53 million euros.
England international Luke Shaw takes the left back spot following his 37 million euro transfer from Southampton to Manchester United this summer.
The two holding midfielders in our 4-2-1-3 are Bayern Munich's Javi Martinez, who left Athletic Bilbao for 40 million euros in 2012, and Zenit St. Petersburg's Belgium international Axel Witsel, who cost the Russians the same fee.
Colombia international James Rodriguez earned himself an 80 million euro move from Monaco to Real Madrid following his sublime performances at the World Cup to become the most expensive attacking midfielder in the world.
Up front, a trio of La Liga stars represent the attackers for whom the highest transfer fees were paid in the history of the game. Real Madrid splashed out 100 million euros to lure Gareth Bale away from Tottenham last summer, having previously paid 94 million euros for Cristiano Ronaldo from Manchester United. New Barcelona signing Luis Suarez completes the XI following his 88 million euro move from Liverpool earlier this summer.
Players who miss out in the most expensive XI despite commanding impressive fees themselves include Zlatan Ibrahimovic, Kaka, Edinson Cavani, Radamel Falcao, Fernando Torres, Neymar, Hulk, Sergio Aguero, Juan Mata and Thiago Silva.