Oscar. Aly Song/Reuters

As top clubs from the Chinese Super League continue to spend gargantuan sums of money to lure some of soccer's best players from other leagues around the world, the BBC reported on Friday that China's chief governing sports body will reportedly put in place a cap.

A spokesperson for China's General Administration of Sport told the BBC that clubs in the country are "burning money".

Last year, Chinese Super League clubs spent $296 million during the winter transfer window, according to FIFA, and they show no signs of slowing down. In early December, the Brazilian midfielder Oscar left Chelsea for Shanghai SIPG on a $75 million transfer fee, making him the most expensive player in China.

Another Brazilian, Hulk, landed on the same team over the summer for $61 million, and Argentine veteran striker Carlos Tevez recently signed a contract with Shanghai Shenhua for just shy of $50 million. He will reportedly earn $390,000 a week.

According to The Guardian, an unnamed Chinese Super League club reportedly offered Real Madrid star Cristiano Ronaldo $300 million this summer, which included over $100 million annually. Ronaldo turned it down.

As more and more high-profile players leave for China and an eye-popping paycheck, top clubs and managers from around Europe, including Bayern Munich and Chelsea's manager Antonio Conte, have begun to speak out against the Chinese Super League.