UEFA has released the 10th edition of its benchmarking report, documenting the ever changing world of football finances.
Unsurprisingly, the list is dominated by clubs from the Premier League and Europe's elite.
The Premier League has seen a lot of wage drops due to the lower value of the pound but that has not stopped its clubs taking up nine out of 20 spots on the list.
The latest report also sees one club become the first to spend more than €400 million (£354m/$456m) on wages.
(Figures are for the 2017 financial year)