Here's the top 10 most valuable squads in Europe according to CIES Football Observatory a surprise team is in number one on the list :
10. Juventus - €743m
The Serie A champions are tenth on the list and, unsurprisingly, their most valuable player is Paulo Dybala at €166m.
9. Atletico Madrid - €800m
Diego Simeone's side are in ninth place, with Antoine Griezmann (€147m) as their most valuable player.
8. Paris Saint-Germain - €864m
The French big-spenders are only in eighth place, according to CIES. They do, however, have the most valuable player in the world in Neymar (€218m), and he is valued at almost one quarter of the entire squad of the Ligue 1 outfit.
7. Liverpool - €901m
The Reds are seventh and their most valuable player is Mohamed Salah (€101m), who is deemed to be worth more than his team-mate and Barcelona target Philippe Coutinho.
6. Real Madrid - €903m
This one is very surprising. The current European and Spanish champions aren't even in the top 5, and according to CIES, their talisman Cristiano Ronaldo is worth just €96m.
5. Manchester United - €919m
The Red Devils just make the top 5 and their most valuable player isn't their record signing Paul Pogba, but their star striker Romelu Lukaku (€165m).
4. Chelsea - €1.044bn
The Premier League champions are worth over €1billion and their most valuable player is Belgian star winger Eden Hazard (€121m).
3. Barcelona - €1.130bn
Whilst it isn't as surprise to see the Catalan giants near the top of the list, one surprise is that Luis Suarez is their most valuable player at €134m, whilst Messi is worth just €117m.
2. Tottenham Hotspur - €1.173bn
According to CIES, Tottenham are more valuable than Barcelona and Real Madrid. They also have the most valuable player in the Premier Leauge in Harry Kane (€186m), while Dele Alli is hot on his heels (€182m).
1. Manchester City - €1.196bn
The current Premier League leaders have the most valuable squad in Europe. Their most valuable player is Kevin De Bruyne (€145m) after his superb start to the season, but Leroy Sane, Raheem Sterling and Gabriel Jesus are all valued at over €100m.
