Newcastle United have already been linked with a number of quality players, and will to bring in some fresh faces before the window slams shut at the end of August.
In the meantime, we've taken a look (via Transfermarkt data) back at every Premier League club's estimated total transfer net spend over the past five seasons (2016/17-2020/21) and found out who's the deepest in the red, as well as their biggest season spend, and their most costly signing over that time period.
This is how Newcastle United's five-year transfer net spend shapes up against every other side that will be taking part in the 2021/22 Premier League season:
5. 5th: Everton
Estimated five-year net spent total: -£255m. Biggest season expenditure: £182m (2017/2018). Most expensive signing over five year period: Gylfi Sigurdsson (£45m from Swansea City) Photo: Michael Regan
6. 6th: Aston Villa
Estimated five-year net spent total: -£254m. Biggest season expenditure: £143m (2019/2020). Most expensive signing over five year period: Ollie Watkins (£28m from Brentford) Photo: Pool
7. 7th: Wolves
Estimated five-year net spent total: -£213m. Biggest season expenditure: £105m (2019/2020). Most expensive signing over five year period: Fabio Silva (£37m from FC Porto) Photo: Richard Heathcote
8. 8th: Spurs
Estimated five-year net spent total: -£204m. Biggest season expenditure: £133m (2019/2020). Most expensive signing over five year period: Tanguy Ndombele (£63m from Lyon) Photo: Laurence Griffiths