MILAN, ITALY - AUGUST 28: Goncalo Ramos of AC Milan celebrates scoring his team’s first goal with teammate Alexis Saelemaekers during the Serie A match between AC Milan and Venezia FC at Stadio Giuseppe Meazza on August 28, 2026 in Milan, Italy. (Photo by Marco Luzzani/Getty Images)
MILAN, ITALY - AUGUST 28: Goncalo Ramos of AC Milan celebrates scoring his team’s first goal with teammate Alexis Saelemaekers during the Serie A match between AC Milan and Venezia FC at Stadio Giuseppe Meazza on August 28, 2026 in Milan, Italy. (Photo by Marco Luzzani/Getty Images)
Milan were the biggest spenders in Serie A during the 2026 summer transfer window, followed by Juventus, while Roma and Inter didn’t make the top three.
Transfermarkt has ranked the Serie A clubs by their transfer spending in the 2026 summer transfer window.
MILAN, ITALY - AUGUST 28: Goncalo Ramos of AC Milan celebrates scoring his team’s first goal during the Serie A match between AC Milan and Venezia FC at Stadio Giuseppe Meazza on August 28, 2026 in Milan, Italy. (Photo by Marco Luzzani/Getty Images)
MILAN, ITALY – AUGUST 28: Goncalo Ramos of AC Milan celebrates scoring his team’s first goal during the Serie A match between AC Milan and Venezia FC at Stadio Giuseppe Meazza on August 28, 2026 in Milan, Italy. (Photo by Marco Luzzani/Getty Images)
The ranking includes loan moves made permanent by each Serie A club and only considers loan fees for loans with an option or obligation to buy.
For example, Jonathan Rowe’s move to Atalanta from Bologna accounts for only €5m, which is the fee Atalanta paid for the English winger’s loan, with an additional €35m due next season when his move will be made permanent.
This is also why Napoli feature in the top six with €71.2m invested in new signings, but this sum mostly refers to loan moves made permanent, including Rasmus Hojlund from Manchester United for €44m and Alisson Santos for €16.5m.
The actual money spent by the Partenopei to bring in new players during the summer transfer window was less than €5m: €700,000 for the loan of Mattia Esposito from Sorrento (who then joined Bari on loan), €1m for Costantino Favasuli’s loan from Catanzaro, and €3m for Benoit Badiashile’s temporary transfer from Chelsea.
TURIN, ITALY - AUGUST 29: Randal Kolo Muani of Juventus is challenged by Mariano Troilo of Parma during the Serie A match between Juventus and Parma Calcio at Allianz Stadium on August 29, 2026 in Turin, Italy. (Photo by Valerio Pennicino/Getty Images)
TURIN, ITALY – AUGUST 29: Randal Kolo Muani of Juventus is challenged by Mariano Troilo of Parma during the Serie A match between Juventus and Parma Calcio at Allianz Stadium on August 29, 2026 in Turin, Italy. (Photo by Valerio Pennicino/Getty Images)
Milan secured the two most expensive signings of the summer in Italy, welcoming Gonçalo Ramos for €74m and Diego Moreira for €65m, including add-ons.
The third-most expensive purchase was Randal Kolo Muani, who joined Juventus in a €50m transfer package.
Serie A clubs ranked by transfer spending
Milan 165.05m
Juventus 164.35m
Fiorentina 150.30m
Roma 124.20m
Inter 101.00m
Napoli 71.2m
Como 64m
Venezia 44.5m
Genoa 37.3m
Udinese 32.4m
Bologna 31.8m
Frosinone 30.6m
Parma 30m
Torino 28.3m
Lazio 22.3m
Atalanta 19m
Monza 17.8m
Sassuolo 13.5m
Lecce 9m
Cagliari 7.85m