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:
13. 13th: Leeds United
Estimated five-year net spent total: -£82m. Biggest season expenditure: £95m (2020/2021). Most expensive signing over five year period: Rodrigo (£26m from Valencia) Photo: Catherine Ivill
14. 14th: Newcastle United
Estimated five-year net spent total: -£66m. Biggest season expenditure: £65m (2019/2020). Most expensive signing over five year period: Joelinton (£40m from Hoffenheim) Photo: David Rogers
15. 15th: Burnley
Estimated five-year net spent total: -£59m. Biggest season expenditure: £41m (2016/2017). Most expensive signing over five year period: Ben Gibson/Chris Wood (£15m from Middlesbrough/Leeds United) Photo: Pool
16. 16th: Crystal Palace
Estimated five-year net spent total: -£57m. Biggest season expenditure: £91m (2016/2017). Most expensive signing over five year period: Christian Benteke (£27m from Liverpool) Photo: Julian Finney