Transfer spending broke new ground in the close-season window when clubs around the world spent nearly $10 billion on international transfers, global soccer body FIFA said in a report released on Wednesday, Reuters reported.

Clubs recorded nearly 12,000 international transfers where total spending on fees amounted to $9.76 billion, FIFA said, representing an increase of more than 50% compared to the same period in 2024.

Women's soccer also broke records with more than 1,100 international transfers where the fees exceeded $12 million, according to Reuters.