This summer has already seen some serious money spent, although the window only officially opened today.
Here we take a look at the biggest transfers to have gone through so far this summer.
5. Fernandinho | Shakhtar Donetsk to Manchester City | £30m
The Brazilian did not even make the cut for his country's squad for the Confederations Cup this summer, yet City still decided to splash the cash on the central midfielder who still only has five caps at the age of 28.
Although the transfer fee is both inflated and distorted, Fernandinho is undoubtedly a top quality player who will aid City's attempt to climb back to the top of the Premier League tree.
4. Mario Gotze | Borussia Dortmund to Bayern Munich | Reported fee: £31.5m
Gotze watched his new side Bayern Munich defeat then current team Borussia Dortmund from the stands at Wembley in the Champions League final in May, after a bizarre set of circumstances led to his transfer being announced early.
As one of Germany's and indeed Europe’s best young talents, he looks set to take the Bundesliga by storm under the tutelage of Pep Guardiola.
3. James Rodriguez | FC Porto to AS Monaco | £38m
Upon arriving at the enormously wealthy Monte Carlo club, Rodriguez would have undoubtedly spoken of his excitement to join the long-term project at Monaco.
However, since he will not be playing in any European competition next year, there is little doubt in my mind as to the reasons for his move, as the Colombian scoops a mammoth pay packet.
2. Neymar | Santos to FC Barcelona | £48.6m
Brazil's wonderkid sealed his dream move to Barcelona officially in early June before heading back home to Brazil in time for the Confederations Cup.
There, he successfully justified his transfer fee by scoring four goals and being voted as the tournament's best player courtesy of dazzling displays culminating with a wicked near-post strike to beat Iker Casillas in the Spanish goal and earn Brazil’s second goal in a 3-0 triumph to be crowned as champions.
1. Radamel Falcao | Atlético Madrid to AS Monaco | £50m
The Colombian recently stated he dreamed of playing for Monaco ever since he saw his hero Thierry Henry playing for them many moons ago.
I wonder if this dream would have been enough to force through a move when Monaco were languishing in France's second division last season.
A reported annual salary of €14m suggests not.
Do you think we will see another big move this summer? Have your say below.
Write for GiveMeSport! Sign-up to the GMS Writing Academy here: http://bit.ly/12evFlH
DISCLAIMER: This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of GiveMeSport.com or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. GiveMeSport.com and SportsNewMedia do not take any responsibility for the content of its contributors.
Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: http://gms.to/writeforgms