European clubs from the "big five" leagues have managed to spend over €5 billion during this year's  ​summer transfer window, a feat that has been achieved for the first time, according to a Deloitte report.

Clubs from the ​Premier League​La Liga​Bundesliga​Serie A and Ligue 1 broke the previous record by a difference of €0.9bn, which was set last summer, as they spent a total of €5.5bn.

Premier League spent €1.55bn, which was the most out of the five leagues, but their net spend decreased by more than €50m as compared to last season as this season the English clubs registered a net spend of €635m.

As usual the Manchester based clubs were in action. ​Manchester United broke the world record fee for a defender to ​sign Harry Maguire from Leicester City for £80m and ​Manchester City spent a club record ​€70m on midfielder Rodri.

As per the figures reported by ​ESPN, there were some high profile departures from the Premier League too with Romelu Lukaku departing United to join ​Inter Milan for €80m, while ​Eden Hazard signed for ​Real Madrid from ​Chelsea for €88.5m.

Moving to La Liga, Spanish clubs spent more than a £1bn for the first time as Barcelona signed Antoine Griezmann for €120m, while Atletico Madrid acquired Joao Felix for a fee of €126m.

Real Madrid also spent more than €300m, as they signed the likes of Luka Jovic, Ferland Mendy, Rodrygo and Eder Militao as well as Eden Hazard. The total amount spent by Spanish clubs would have broken the roof if Neymar would have managed to secure a return to La Liga.

Talking about Italian clubs, Serie A clubs spent a total of €1.17bn as Juventus shelled out €75m to sign Matthijs de Ligt with Inter Milan sealing the deal for Lukaku.

Bundesliga sides parted ways with a total of €740m as Bayern Munich broke their ​transfer record ​to sign Lucas Hernandez from Atletico for €80m.

In conclusion, Ligue 1 sides spent €670m with champions Paris Saint-Germain splashing out over €60m for Abdou Diallo and Idrissa Gueye.