Revealed! The Premier League table according to transfer expenditure: Arsenal, Liverpool, Man United, Chelsea – who is number one?

Once again, the summer transfer market has seen eye-watering amounts of money spent on players, as clubs look to significantly strengthen ahead of the new season.

None more so is this true than in the Premier League. English clubs have spent upwards of £450m on players this summer, with that figure expected to rise before the close of the market at the end of August.

But which side have lavished the most? Money talks in football and talkSPORT has taken a look at how the table would look based on net amounts spent – taking into consideration the figures each club have spent and received so far.

Click the arrow to see who is the top flight’s biggest spenders.

*All figures from transfermarkt.co.uk, correct up to and including 28 July 2014

20 20. Southampton – £76m PROFIT (Spent: £20m; Received: £96m) – Click the arrows to see which PL clubs have spent the most money so far this summer* – It has been a difficult summer for Southampton. The Saints have seen their ranks plundered by Premier League sides, with five first team players sold for sizable amounts, with at least another two expected to leave in the coming weeks.

20 19. Swansea City – £3m PROFIT (Spent: £14m; Received: £17m) – Click the arrow for more – Swansea have been particularly busy this summer  bringing in six players. They have however seen a handful of stars leave, including Michu (loan), Ben Davies and Michel Vorm  both of whom have move to Tottenham.

20 18. Sunderland – £1.5m PROFIT (Spent: £2.5m; Received: £4m) – Click the arrow for more – The Black Cats have been prudent in the market, despite recruiting four players to date this summer.

20 17. Tottenham Hotspur – £1m PROFIT (Spent: £16m; Received: £17m) – Click the arrow for more – Last summer they were one of Europes most busy clubs in the transfer market, but this year its a different scenario for Spurs, who have brought in just two players. Expect that to change in the coming weeks though.

20 16. Crystal Palace – £0.5m PROFIT (Spent: £1m; Received: £1.5m) – Click the arrow for more – Tony Pulis worked wonders at Selhurst Park last season, but that hasnt transpired into a sizable transfer kitty this summer though. The Eagles are estimated to have spent around £1m on new players.

20 15. Aston Villa – £0.3m NET SPEND (Spent: £0.6m; Received: £0.3m) – Click the arrow for more – The uncertainty surrounding the future of Aston Villa has naturally had a knock on effect to the clubs summer spending. Their most notable arrival has been Joe Cole, who was out of contract.

20 14. Burnley – £2m NET SPEND (Spent: £2m; Received: £0m) – Click the arrow for more – It has been a case of make do and mend for Burnley who are embarking on their return to the top flight. Boss Sean Dyche has brought in six players, three of whom were out of contract.

20 13. Everton – £4m NET SPEND (Spent: £4m; Received: £0m) – Click the arrow for more – Evertons lack of sizable funds is something that has hindered the club for a number of years and that looks to be limiting Roberto Martinez again this season. The Toffees boss has brought in just two players this summer.

20 12. Stoke City – £4.2m NET SPEND (Spent: £4.2m; Received: £0m) – Click the arrow for more – Mark Hughes is another manager to take advantage of the free transfer list, but his most eye raising acquisition has been Bojan Krkic of Barcelona.

20 11. QPR – £4.5m NET SPEND (Spent: £8m; Received: £3.5m) – Click the arrow for more – QPR chairman Tony Fernandes insists he has learned valuable lessons from the Rs last foray into the top flight and as such has taken a more pragmatic approach to transfers this time around. The clubs only cash transfer has been for Steven Caulker, but it is the free transfer of Rio Ferdinand that has impressed most.

20 10. Leicester City – £8.5m NET SPEND (Spent: £8.5m; Received: £0m) – Click the arrow for more – The Premier League new-boys may not have the endless resources that the rest of the top-flight boasts, but they have spent when necessary. The Foxes biggest signing has been Leonardo Ulloa from Brighton.

20 9. West Brom – £9m NET SPEND (Spent: £9m; Received: £0m) – Click the arrow for more – West Brom have taken full advantage of the free transfer list, bringing in three out of contract players, but that doesnt mean they havent spent money. The Baggies have laid an estimated £9m on two players.

20 8. Liverpool – £9m NET SPEND (Spent: £80m; Received: £71m) – Click the arrow for more – The Redmen have stolen most headlines this summer as Brendan Rodgers looks to remedy the loss of Luis Suarez to Barcelona by strengthening in every department. So far he has brought in five players  three of whom have been signed from Southampton.

20 7. Hull City – £14.5m NET SPEND (Spent: £14.5m; Received: £0m) – Click the arrow for more – Steve Bruce has made it clear that he wants Hull City to progress next season, and hes ensured they have the perfect opportunity to by bringing in three players including the highly sought-after Tom Ince.

20 6. Newcastle United – £16m NET SPEND (Spent: £29m; Received: £13m) – Click the arrow for more – Another team to have bought smart have been Newcastle. The signing of Jack Colback on a free transfer could prove to be a stroke of genius, while the club managed to land Ajax captain Siem de Jong at a snip £6m.

20 5. Man City – £22m NET SPEND (Spent: £22m; Received: £0m) – Click the arrow for more – Financial restrictions look to have limited Man Citys movements in the market, but they have still managed to recruit smartly, notably bringing in defensive midfielder Fernando from Porto.

20 4. West Ham – £23m NET SPEND (Spent: £23m; Received: £0m) – Click the arrow for more – The Hammers have certainly been busy, bringing in five players so far this summer, with the promise of further additions.

20 3. Chelsea – £28.5m NET SPEND (Spent: £82m; Received: £53.5m) – Click the arrow for more – The Blues have arguably been the smartest buyers, recruiting some of the most recognisable faces in European football. The biggest arrivals have been Diego Costa and Cesc Fabregas, while the club also bid farewell to David Luiz who joined Paris Saint-Germain.

20 2. Man United – £49.5m NET SPEND (Spent: £58m; Received: £8.5m) – Click the arrow for more – Red Devils boss Louis van Gaal has commented that his squad needs continued work if it is to challenge for silverware this season, and he has started that in earnest, bringing in Ander Herrera and Luke Shaw for a combined estimate of £58m.