With big moves to come in August, last summer's £1.615bn record is bound to be broken. Everton have already signed 11 players, while Manchester City have spent the most cash with a total of £203.8 million spent.
The most expensive signing in the Premier League this summer has been Romelu Lukaku (£90m) and other deals have been sealed for free (Defoe and Rooney) or close to nothing (Sandro Ramirez, £5.25m).
We have seen records broken for the most expensive goalkeeper (Ederson) and defender (Walker). Plenty of money has been spent, but which has been the best transfer so far?
Alvaro Morata (Chelsea - £70m)
Wayne Rooney (Everton - free)
Romelu Lukaku (Man Utd - £90m)
Javier Hernandez (West Ham - £16m)
Jermain Defoe (Bournemouth - free)
Alexandre Lacazette (Arsenal - £52.7m)
Benjamin Mendy (Man City - £49.2m)
Joe Hart (West Ham - loan)
Michael Keane (Everton - £30m)
Sandro Ramirez (Everton - £5.25m)
Jordan Pickford (Everton - £30m)
Bernardo Silva (Man City - £43m)
Tiemoue Bakayoko (Chelsea - £40m)
Marko Arnautovic (West Ham - £25m)
Kyle Walker (Man City - £50m)
Mohamed Salah (Liverpool - £34.3m)
Antonio Rudiger (Chelsea - £34m)
Ederson (Man City - £34.7m)
Nemanja Matic (Manchester United - £40m)