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:
17. 17th: Southampton
Estimated five-year net spent total: -£23m. Biggest season expenditure: £62m (2016/2017). Most expensive signing over five year period: Guido Carrillo (£19m from Monaco) Photo: Lynne Cameron
18. 18th: Watford
Estimated five-year net spent total: -£16m. Biggest season expenditure: £66m (2017/2018). Most expensive signing over five year period: Ismaila Sarr (£30m from Rennes) Photo: Richard Heathcote
19. 19th: Norwich City
Estimated five-year net spent total: +£79m. Biggest season expenditure: £24m (2016/2017). Most expensive signing over five year period: Alex Pritchard (£8m from Spurs) Photo: ADRIAN DENNIS
20. 20th: Brentford
Estimated five-year net spent total: +£92m. Biggest season expenditure: £31m (2019/2020). Most expensive signing over five year period: Bryan Mbeumo (£5.8m from Troyes) Photo: Justin Setterfield