Arsenal are one of only FOUR clubs in world football to have a squad worth €1 billion.
The Gunners splashed the cash during the summer transfer window as they recruited Declan Rice, Kai Havertz and Jurrien Timbers.
Rice cost a club-record £105 million while Havertz commanded a transfer fee of £65 million. As for Timbers, he was drafted in for £38 million.
The transfers sees Arsenal enter an elite group of teams to have a value worth over €1 billion, according to Transfermarkt.
Their most valuable top-18 players is a major contributing factor, culminating in €895 million, while the average market value of their players is calculated to be worth €34.17 million.
Manchester City are the only team to be worth more than Arsenal, boasting a total value of €1.26 billion.
Paris Saint-Germain and Real Madrid are the other clubs in world football to have a squad worth €1 billion.
The French giants have assembled a group of players worth a whopping €1.07 billion while the Spanish side have a squad worth €1.03 billion.
Chelsea sit in fifth place following their spending spree under Todd Boehly. Bayern Munich, Manchester United and Liverpool also feature.
Barcelona and Tottenham complete the top ten.
Check out the top ten below:
Manchester City - €1.26 billion
Arsenal - €1.10 billion
Paris Saint-Germain - €1.07 billion
Real Madrid - €1.03 billion
Chelsea - €999 million
Bayern Munich - €948.15 million
Manchester United - €877.30 million
Liverpool - €877.30 million
Barcelona - €862 million
Tottenham - €747.60 million