Arsenal and Chelsea are among the London clubs who have the most valuable squads in the Premier League, according to the latest data from Transfermarkt.

The online platform for tracking player values and market statistics, recently released its updated squad valuations for Premier League teams following the closure of the transfer window.

Nottingham Forest’s remarkable rise to the tenth position on the list, with a squad valuation of €387.58 million, is among the major updates.

Here’s a glimpse of the top ten Premier League squads by valuation:

1. Manchester City - €1.24 billion

2. Arsenal FC - €1.15 billion

3. Chelsea FC - €925.75 million

4. Manchester United - €882.30 million

5. Liverpool FC - €827.30 million

6. Tottenham Hotspur - €689.30 million

7. Newcastle United - €598.00 million

8. Aston Villa - €597.70 million

9. West Ham United - €443.15 million

10. Nottingham Forest - €387.58 million

Nottingham Forest’s 12.7% increase in squad value, which now places them ahead of established Premier League teams like Everton, Leicester City, and Leeds United, follows an impressive summer recruitment which saw the likes of Ibrahim Sangare and Anthony Elanga join the club.

Arsenal, currently in the second position with a squad valuation of €1.15 billion, have been a consistent presence at the top of the financial charts and are unsurprisingly high up after spending over £200million this summer.

Chelsea, on the other hand, sits comfortably in the third position with a squad valuation of €925.75 million. The Blues have long been known for their financial muscle with Todd Boehly spending over £1billion across three transfer windows since he took over the club.