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:
9. 9th: Brighton & Hove Albion
Estimated five-year net spent total: -£200m. Biggest season expenditure: £78m (2018/2019). Most expensive signing over five year period: Adam Webster (£20m from Bristol City) Photo: Mike Hewitt
10. 10th: West Ham United
Estimated five-year net spent total: -£171m. Biggest season expenditure: £108m (2019/2020). Most expensive signing over five year period: Sebastian Haller (£45m from Eintracht Frankfurt) Photo: Julian Finney
11. 11th: Liverpool
Estimated five-year net spent total: -£119m. Biggest season expenditure: £163m (2018/2019). Most expensive signing over five year period: Virgil van Dijk (£75m from Southampton) Photo: Matthias Hangst
12. 12th: Leicester City
Estimated five-year net spent total: -£92m. Biggest season expenditure: £103m (2018/2019). Most expensive signing over five year period: Youri Tielemans (£40m from Monaco) Photo: Pool