The CIES Football Observatory has released its list of the most valuable squads across Europe’s top five leagues.

Liverpool have the most valuable squad in the transfer market, according to CIES Football Observatory (via the BBC).

The Reds squad has an aggregated value of £1.27 billion and places them £300m ahead of Manchester City in second (£1.24b).

The runaway Premier League leaders have only to win two of their remaining nine games to be crowned champions.

However, the season’s suspension has postponed any celebrations and may even threaten to make it impossible to finish.

LaLiga giants Barcelona and Real Madrid sit in third and fourth in the list, respectively, only split by €70m.

Chelsea are listed as having the fifth-most valuable squad despite their transfer ban and reliance on homegrown players.

However, CIES says Frank Lampard’s side take a ‘strong increase thanks to the outbreak of many young talents following the transfer ban imposed by Fifa’.

CIES takes into account various factors, such as the age of the player, their performances, the economic value of their club and yearly inflation that may affect a player’s current value.

Manchester United find themselves in sixth place, whilst Tottenham Hotspur make the top 10 – they are listed as ninth.

Paris Saint-Germain have the seventh most valuable squad, which includes the most valuable player, Kylian Mbappe, who is said to be worth over £227m.

Atletico Madrid, who famously knocked Liverpool out of the Champions League last week, are eighth on the list.

Juventus, the current club of Cristiano Ronaldo, complete the top 10 and are the only Italian side to appear there.

No German clubs made the top 10 and, in fact, Bundesliga outfit Paderborn find themselves bottom of the entire list with a value of £33.7m.