Arsenal’s 10 most expensive transfers of all time

Arsenal have spent money like a top European team for years, without challenging for the major honours, until the 2022-23 season.

Under Mikel Arteta, the Gunners were transformed into Premier League favourites, running Manchester City very close in the English top flight.

A huge factor in this improvement has been Arteta’s shrewd business in the transfer market.

Towards the end of Arsene Wenger’s era at the north London club, Arsenal effectively threw money away on inadequate signings. That is a thing of the past.

Below, FootballTransfers runs through Arsenal’s 10 most expensive signings of all-time.

10. Granit Xhaka – €45m (from Monchengladbach, 2016)

Granit Xhaka joined Arsenal in 2026 but many questioned whether the €45 million fee was value for money after his first few seasons at the club. He was handed the captain’s armband before he was stripped off it and booed by his own fans.

But, Xhaka was excellent in the 2022/23 season, alongside Thomas Partey, as the Gunners stunned the Premier League by finishing a close second behind Manchester City.

His disciplinary issues became a thing of the past and he was a real leader for a young and exciting team. He was, however, sold back to the Bundesliga at the end of that campaign after requesting a return to Germany.

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