UEFA’s benchmarking document puts Milan’s net summer transfer spend at €203m, second only to Paris Saint-Germain.
European football’s governing body has released its yearly assessment of the state of football, and notes that transfer spending reached €5.6bn in the summer of 2017, a new record.
In total, 80 per cent of that spending came from the continent’s top five leagues: Spain, England, Italy, Germany and France.
In total Serie A clubs spent €867m while bringing in €749m, for a net spend of €118m.
While that was the second highest net spend in Europe, it’s dwarfed by the Premier League, with clubs spending €1.7bn in total for a net spend of €772m.
A large portion of the Italian top flight’s spending came from Milan, with UEFA reporting that the Rossoneri spent €235m over the summer.
That transfer campaign saw the likes of Leonardo Bonucci, Lucas Biglia and Nikola Kalinic make the move to San Siro.
While that puts them third in transfer spending behind Manchester City at €249m and PSG at €418m, the Diavolo’s net spend is second only to the French club.
UEFA reports that Milan’s net spend this summer was €203m, while the Parisians shelled out €353m.
While Juventus cracked the top 10 in terms of transfer spending, the Bianconeri also brought in €128m in sales for a net spend of just €24m.
That places them near the bottom of the top 10 in net transfer spending, with Chelsea spending only €3m once their €197m worth of sales are accounted for.
The big winners in that regard were Ligue 1’s Monaco though, who ended the summer transfer window €256m up, despite the fact they spent €102m, according to UEFA.
European football’s governing body also reviewed 2,000 transfers between 2014 and 2017, and found that agent fees averaged 12.6 per cent of the transfer fee.
Agents actually earned a higher percentage on smaller transfers, with an average of 20 per cent on transfers worth less than €1m.
In Italy the average commission across 191 transfers was 13 per cent, which is the average across the transfers surveyed.
The agency Gestifute, founded by Jorge Mendes was involved in six of the summer’s major transfers, defined as deals with a transfer fee above €15m.
Mino Raiola had two such transfers, with Romelu Lukaku’s move to Manchester United the major one.
See the latest Serie A predictions and betting tips with Eurotips.co.uk