Arsenal's most expensive signings ever as January transfer window opens

Gone are the days when Arsenal would have to manage their finances to the penny - a hallmark of the Arsene Wenger era following the Gunners' move to the Emirates Stadium, which left the North London club saddled with significant debt.

Now in possibly the healthiest economic position they have ever been in, Arsenal have had no inhibitions about splashing the cash - over nine figures to be precise - in repeated transfer windows, and the summer of 2025 was no different.

Four of Arsenal's new arrivals during that market immediately entered the Gunners' list of their 10 most expensive signings of all time, as Noni Madueke took ninth place, Viktor Gyokeres sixth, Eberechi Eze fifth and Martin Zubimendi fourth.

The chances of any new faces being added to that countdown during the January window are slim to none, thanks partly to Arsenal's Financial Fair Play situation and partly to Mikel Arteta's embarrassment of riches, but never say never when the market is open.

To mark the opening of the winter window, Sports Mole counts down Arsenal's 10 record signings ever.

10. Alexandre Lacazette - £45.1m

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From: Lyon

Date: July 5, 2017

Age at the time: 26

Arsenal appearances: 206

Arsenal goals: 71

Honours at Arsenal

• FA Cup (1): 2019-20
• Community Shield (1): 2017

9. Noni Madueke - £48m

© Imago

From: Chelsea

Date: July 19, 2025

Age at the time: 23

Honours at Arsenal

None

8. Ben White - £49.8m

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From: Brighton & Hove Albion

Date: July 30, 2021

Age at the time: 23

Honours at Arsenal

• Community Shield (1): 2023

7. Pierre-Emerick Aubameyang - £54.2m

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From: Borussia Dortmund

Date: January 31, 2018

Age at the time: 28

Arsenal appearances: 163

Arsenal goals: 92

Honours at Arsenal

• FA Cup (1): 2019-20
• Community Shield (1): 2020

6. Viktor Gyokeres - £57.5m

© Imago

From: Sporting Lisbon

Date: July 26, 2025

Age at the time: 27

Honours at Arsenal

None

5. Eberechi Eze - £60.4m

© Imago / Sportimage

From: Crystal Palace

Date: August 23, 2025

Age at the time: 27

Honours at Arsenal

None

4. Martin Zubimendi - £60.5m

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From: Martin Zubimendi

Date: July 6, 2025

Age at the time: 26

Honours at Arsenal

None

3. Kai Havertz - £63.8m

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From: Chelsea

Date: July 1, 2023

Age at the time: 24

Honours at Arsenal

• Community Shield (1): 2023

2. Nicolas Pepe - £68m

© Imago

From: Lille

Date: August 1, 2019

Age at the time: 24

Arsenal appearances: 112

Arsenal goals: 27

Honours at Arsenal

• FA Cup (1): 2019-20
• Community Shield (1): 2020

1. Declan Rice - £99.2m

© Imago

From: West Ham United

Date: July 15, 2023

Age at the time: 24

Honours at Arsenal

• Community Shield (1): 2023