The summer of 2025 has been one of the most dramatic in Serie A history. Clubs across Italy opened their wallets, some more than others, in a frantic chase to strengthen squads before the new season. Milan came out on top as the biggest spenders with over €164m splashed on reinforcements, while Juventus and Atalanta also made bold moves.
Napoli, Inter and a surprisingly ambitious Como joined the list of heavy investors, while Genoa took the opposite route by keeping their budget locked away. The gulf in spending between the giants and the rest has set the stage for a fascinating season in Italian football.
Milan Lead Serie A Transfer Spending
The summer transfer window of 2025 has now closed, and Milan have emerged as the biggest spenders in Serie A. The Rossoneri invested a staggering €164m on fresh arrivals, confirming their ambition to return to the top of Italian football and challenge strongly in Europe.
This figure put them ahead of Juventus, who spent around €137m, and Atalanta, who came close with an investment of €125.8m. Milan’s spending spree included the signing of Adrien Rabiot, a player who brings international pedigree and Champions League experience to San Siro. The deal was a statement of intent that Milan are ready to go toe to toe with the best in Italy and abroad.
Juventus Follow With Major Investment
Juventus were not far behind in the spending charts, putting forward over €137m in transfer fees. The Bianconeri are in a rebuilding phase after mixed results in recent years, and the board backed their coach with reinforcements across key areas of the squad. The club’s strategy has been to blend experience with promising younger talent, aiming to strike the right balance between immediate competitiveness and long term stability.
The spending underlines Juventus’ determination to re establish themselves as title challengers after losing ground to Milan, Inter and Napoli in the past few campaigns. For many supporters, this summer offered the clearest signal yet that the club are serious about climbing back to the top.
Atalanta Show Growing Strength
Atalanta surprised many by pushing their summer spending to nearly €126m. Once considered Serie A’s underdogs, they have developed into a consistent force in both domestic and European competitions. This transfer window highlighted the club’s growing resources and ambition.
Investments were made to strengthen multiple positions, ensuring Gian Piero Gasperini has the depth required to compete in the league and in Europe. Atalanta’s rise has been steady and deliberate, and their willingness to match the financial power of traditional giants shows how far they have come.
Napoli and Como Complete Top Five
Napoli also remained active, spending €115m to reinforce a squad that has been competitive in recent years. Their transfer activity was focused on maintaining depth while also refreshing key positions. The club continue to build with the aim of repeating the success that brought them a league title not too long ago.
One of the more surprising names among the top five spenders was Como. The club made headlines back in January as the biggest spenders in Serie A, and they followed it up with another busy summer worth €107.45m. This financial push has turned them into one of the most ambitious projects in Italian football. Their investment proves that even clubs outside the traditional elite can make waves if they are willing to commit resources.
Inter Secure Akanji But Spend Less
Inter’s summer business was more restrained compared to their rivals, with spending around €92.7m. The highlight of their transfer activity was the signing of Swiss defender Manuel Akanji, who adds experience and quality to the back line.
Inter have faced financial challenges in recent seasons, which has limited their ability to compete at the very top of the spending charts. However, they continue to operate with efficiency, targeting players who can immediately fit into Simone Inzaghi’s system. Despite spending less than Milan or Juventus, Inter’s squad remains one of the most balanced in the league.
Middle Of The Table Spending Clubs
Several clubs found themselves in the middle of the spending rankings. Fiorentina spent close to €91m, showing intent to close the gap on the top sides and secure European football. Roma invested €63.6m, adding new names to support José Mourinho’s efforts to push for a Champions League spot. Bologna, Parma, and Cagliari all made investments in the €37m to €51m range, looking to strengthen their squads to avoid mid table stagnation and fight for higher finishes.
Udinese’s €34.5m investment and Lazio’s €29.9m spending reflected cautious strategies. Lazio in particular faced restrictions, with their transfer embargo forcing them to use much of their budget just to make existing loan deals permanent. This included Nicolò Rovella from Juventus and Nuno Tavares from Arsenal.
Lower Spending Sides Keep Budgets Tight
Further down the rankings, Torino, Sassuolo, Verona, Lecce, Cremonese and Pisa spent between €11m and €19m. These clubs prioritized smart deals, often relying on loans or lower fee signings to bolster their squads. Their approach shows the growing financial divide within Serie A, where the gap between top spenders and modest budgets continues to widen.
Genoa Choose Caution Over Investment
One of the most striking stories of the window was Genoa, who spent practically nothing in the market. The club focused on free transfers and loans, avoiding any major investments. This cautious approach might prove risky, as strengthening squads has become increasingly important to compete in a league where rivals are willing to spend big.
The contrast between Genoa and Milan could not be clearer. While Milan poured €164m into building a squad capable of winning trophies, Genoa chose to tighten their finances. Time will tell whether this strategy helps them maintain stability or leaves them fighting to keep up.
Milan’s position at the top of the spending table underlines their ambition to return to dominance. Juventus and Atalanta remain close behind, while clubs like Napoli, Como and Inter keep the competition strong. Serie A is set for another fascinating season, with financial powerhouses and underdog projects all battling for success.
Serie A 2025 Summer Transfers Ins And Outs
| Club |
Major Ins (Fees in €m) |
Major Outs (Fees in €m) |
Net Spend (€m) |
| Milan |
Adrien Rabiot (Free, contract bonus counted), 3 other signings (€164m total) |
Few fringe departures (€15m) |
149 |
| Juventus |
4 reinforcements including midfield and defence (€137.3m) |
Rovella to Lazio, minor sales (€25m) |
112.3 |
| Atalanta |
Multiple signings across positions (€125.8m) |
Youth sales and loans (€20m) |
105.8 |
| Napoli |
Squad reinforcements including striker (€115m) |
One senior departure (€30m) |
85 |
| Como |
Continued project with marquee buys (€107.45m) |
Minimal sales (€5m) |
102.45 |
| Inter |
Manuel Akanji (€92.7m total spend) |
Few exits (€20m) |
72.7 |
| Fiorentina |
Added depth in midfield and attack (€90.9m) |
Outgoing squad players (€10m) |
80.9 |
| Roma |
Fresh signings under Mourinho (€63.6m) |
Small departures (€8m) |
55.6 |
| Bologna |
Reinforced core squad (€51m) |
Academy sales (€5m) |
46 |
| Parma |
Balanced additions (€39.2m) |
Few exits (€4m) |
35.2 |
| Cagliari |
Targeted signings (€37.3m) |
No major outs |
37.3 |
| Udinese |
New signings (€34.5m) |
One minor sale (€3m) |
31.5 |
| Lazio |
Rovella, Nuno Tavares permanent deals (€29.9m) |
Minimal outs (€2m) |
27.9 |
| Torino |
Modest reinforcements (€19.6m) |
Youth exits (€2m) |
17.6 |
| Sassuolo |
Lower end signings (€18.7m) |
No significant outs |
18.7 |
| Verona |
New players (€16.6m) |
Squad sales (€2m) |
14.6 |
| Lecce |
Modest additions (€15.9m) |
None |
15.9 |
| Cremonese |
Few signings (€14.7m) |
No major outs |
14.7 |
| Pisa |
Small market activity (€11.4m) |
None |
11.4 |
| Genoa |
Free transfers and loans only |
No significant outs |
0 |
