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And big money is currently being spent in the transfer window.
It opened the day after the season ended and will run for 10 weeks before shutting on October 5.
A host of big deals are still expected this summer, but here are all the confirmed transfers so far…
Arsenal
In
Gabriel Magalhaes (Lille) £27million
William Saliba (Saint-Etienne) £27m
Willian (Chelsea) Free
Pablo Mari (Flamengo) Undisclosed
Cedric Soares (Southampton) Undisclosed
Dani Ceballos (Real Madrid) Loan
Out
Henrikh Mkhitaryan (Roma) Undisclosed
Sam Greenwood (Leeds) Undisclosed
Trae Coyle (Gillingham) Loan
Tobi Omole (Released)
Dinos Mavropanos (Stuttgart) Loan
Zech Medley (Gillingham) Loan
Matt Smith (Swindon) Loan
Jordi Osei-Tutu (Cardiff) Loan
Ben Sheaf (Coventry) Loan
Tyreece John-Jules (Doncaster) Loan
Aston Villa
In
Ben Chrisene (Exeter) Undisclosed
Matty Cash (Nottingham Forest) £16m
Ollie Watkins (Brentford) £28m
Out
Ross McCormack (Released)
Callum O’Hare (Released)
Jack Birch (Released)
Anton Hooper (Released)
Colin Odutayo (Released)
Dimitri Sea (Released)
Jamie Searle (Released)
Kelsey Mooney (Scunthorpe) Free
James Chester (Stoke) Free
James Bree (Luton) Undisclosed
Brighton & Hove Albion
In
Joel Veltman (Ajax) £900,000
Zak Emmerson (Oldham) Undisclosed
Jensen Weir (Wigan) Undisclosed
Adam Lallana (Liverpool) Free
Lars Dendoncker (Club Brugge) Free
Out
Leon Balogun (Wigan) Loan
Archie Davies (Crawley) Free
Lewis Freestone (Cheltenham) Free
George Cox (Fortuna Sittard) Undisclosed
Anthony Knockaert (Fulham) Undisclosed
Warren O’Hora (MK Dons) Loan
Martin Montoya (Real Betis) Undisclosed
Taylor Richards (Doncaster) Loan
Matt Clarke (Derby) Loan
Ryan Longman (AFC Wimbledon) Loan
Aaron Mooy (Shanghai SIPG) Undisclosed
Glenn Murray (Watford) Loan
Shane Duffy (Celtic) Loan
Tom McGill (Crawley) Loan
Jurgen Locadia (Cincinnati) Loan
David Button (West Brom) Undisclosed
Burnley
In
Will Norris (Wolves) Undisclosed
Out
Adam Phillips (Morecambe) Loan
Joe Hart (Tottenham) Free
Jeff Hendrick (Newcastle) Free
Adam Legzdins (Released)
Aaron Lennon (Released)
Oliver Younger (Released)
Scott Wilson (Barrow) Free
Joel Senior (Released)
Ben Gibson (Norwich) Loan
Chelsea
In
Thiago Silva (Paris Saint-Germain) Free
Timo Werner (RB Leipzig) Undisclosed
Hakim Ziyech (Ajax) £36million
Xavier Mbuyamba (Barcelona) Undisclosed
Ben Chilwell (Leicester) £45m
Malang Sarr (Nice) Free
Kai Havertz (Bayer Leverkusen) £71m
Out
Pedro (Roma) Free
Willian (Arsenal) Free
Nathan (Atletico MG) £2.7m
Alvaro Morata (Atletico Madrid) £50million
Josh Grant (Released)
Marcel Lavinier (Released)
Richard Nartey (Released)
Jamie Cumming (Stevenage) Loan
Trevoh Chalobah (Lorient) Loan
Ike Ugbo (Cercle Bruges) Loan
Izzy Brown (Sheffield Wednesday) Loan
Jamal Blackman (Rotherham) Loan
Marc Guehi (Swansea) Loan
Ethan Ampadu (Sheffield United) Loan
Tariq Uwakwe (Accrington) Loan
Michy Batshuayi (Crystal Palace) Loan
Danny Murphy believes Chelsea can challenge for the Premier League title next season IF they sign a 'world class' centre-back
Crystal Palace
In
Eberechi Eze (QPR) £19.5m
Nathan Ferguson (West Brom) Free
Michy Batshuayi (Chelsea) Loan
Out
Kian Flanagan (Released)
Dion-Curtis Henry (Released)
Daniel Tupper (Released)
Jason Lokilo (Doncaster) Free
Stephen Henderson (Released)
Ryan Inniss (Released)
Everton
In
James Rodriguez (Real Madrid) £20m
Niels Nkounkou (Marseille) Free
Allan (Napoli) £22m
Abdoulaye Doucoure (Watford) £20m
Out
Leighton Baines (Retired)
Morgan Feeney (Sunderland) Free
Alexander Denny (Released)
Matthew Foulds (Released)
Luke Garbutt (Released)
Oumar Niasse (Released)
Morgan Schneiderlin (Nice) Undisclosed
Fraser Hornby (Reims) Undisclosed
Kieran Dowell (Norwich) Undisclosed
Cuco Martina (Released)
Oumar Niasse (Released)
Maarten Stekelenburg (Ajax) Free
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