Favourites for the Europa Conference League Chelsea have a squad value of €1.4bn, just €100m less than the other 35 teams combined.
The research by TransferRoom also shows the Londoners to be valued at over €1bn more than their closest rivals, Fiorentina.
Enzo Maresca’s side are the overwhelming favourites to win the title.
The calculations have been made measuring the total expected transfer value (xTV).
PositionClubTotal Squad xTV1Chelsea€1.4bn2Fiorentina€322m3Real Betis€204m4Kobenhavn€102m5KAA Gent€96.4m6Panathinaikos€94.2m7Cercle Brugge€66.2m81. FC Heidenheim€60.8m9LASK€52.1m10Istanbul Basaksehir€48.7m11Vitoria SC€47.7m12SK Rapid Wien€44.3m13FC Lugano€38.8m14Molde FK€38.5m15Legia Warszawa€32.6m16FC St. Gallen€31.6m17Pafos FC€27.7m18FK TSC Backa Topola€27.5m19Omonia Nicosia€20.8m20Jagiellonia Bialystok€17.8m21Djurgardens IF€17.5m22NK Celje€17.2m23Hearts FC€16.3m24FK Mlada Boleslav€16.1m25APOEL€16.0m26NK Olimpija Ljubljana€14.6m27Shamrock Rovers€10.8m28FK Borac Banja Luka€8.9m29The New Saints€8.4m30Larne FC€7.9m31HJK Helsinki€6.9m32FC Astana€6.9m33FC Noah€6.3m34Vikingur FC€6.3m35FC Petrocub Hincesti€4.8m36FC Dinamo Minsk€2.6mCalculated using Total Expected Transfer Value