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Fernandez's transfer from Chelsea to the Etihad equalled the British transfer record, with the Cityzens parting with a whopping £125m for the Argentine.
With transfer fees on an upward trend once again, four of the six most expensive Premier League transfers occurred during the 2026 summer transfer window.
Fernandez's record-equalling move sees him share top spot with Alexander Isak as the priciest Premier League player ever, after the Swedish striker's £125m move to Liverpool last summer.
The 25-year-old becomes the first footballer ever to have two transfers in excess of £100m, and features twice inside the top five Premier League deals.
No defenders or goalkeepers feature inside the top 15 most expensive deals. Harry Maguire holds the record for a Premier League defender, following his £80m move from Leicester to Manchester United in 2019. The costliest goalkeeper in Premier League history is Kepa Arrizabalaga, who cost Chelsea £71.6m in 2018.
The 15 most expensive Premier League transfers of all time are listed below, ranked by initial transfer fee.
Name From To Initial fee Year
Enzo Fernandez Chelsea Manchester City £125m 2026
Alexander Isak Newcastle Liverpool £125m 2025
Morgan Rogers Aston Villa Chelsea £117m 2026
Elliot Anderson Nottingham Forest Manchester City £116m 2026
Enzo Fernandez Benfica Chelsea £106.8m 2023
Bradley Barcola Paris Saint-Germain Liverpool £106m 2026
Declan Rice West Ham Arsenal £100m 2023
Moises Caicedo Brighton Chelsea £100m 2023
Florian Wirtz Bayer Leverkusen Liverpool £100m 2025
Jack Grealish Aston Villa Manchester City £100m 2021
Romelu Lukaku Inter Milan Chelsea £97.5m 2021
Sandro Tonali Newcastle Tottenham Hotspur £92.5m 2026
Paul Pogba Juventus Manchester United £89m 2016
Mateus Fernandes West Ham Tottenham Hotspur £85m 2026
Antony Ajax Manchester United £82m 2022