3) Manchester City (£128.43m)
Although the Citizens have a bottomless pit of money to spend, they are now trying to live within their means, and that is shown by the fact that they do not have the highest wage bill in English football.
Of course, that is not to say they will not hand lucrative contracts to players if they deserve them. Both Kevin De Bruyne and Phil Foden are expected to sign improved deals in the coming months.