A prominent research group in Switzerland has put together a list of “estimated transfer values” for the most expensive soccer players in Europe.

The ranking makes for interesting reading as Cristiano Ronaldo, a five-time Champions League winner, barely makes the list (down from 11th last year) and Neymar, who smashed the world transfer fee record when he left FC Barcelona for Paris Saint-Germain in a $260 million deal last summer, fails to make top spot.

Football think tank CIES Football Observatory researched data from 5,000 paid transfers over a seven year period and used those figures to assess “fair” transfer values for active soccer players in the top five European leagues – the Premier League (England), La Liga (Spain), Bundesliga (Germany), Serie A (Italy), and Ligue 1 (France).

Factors like talent level, contract duration, and the age of each specific soccer player come into effect in this ranking, as does the status of the recruiting club.

CIES discovered, through speaking with market actors (club executives operating in elite soccer), that "the status of the recruiting club has a major influence in determining the transfer price."

Here are the 25 most valuable soccer players competing in Europe right now, ranked in ascending order:


25: Marc-André ter Stegen, FC Barcelona goalkeeper — €100.5 million ($117.7 million).

Foto: source Getty Images

24: Cristiano Ronaldo, Real Madrid striker — €103.4 million ($121.1 million).

Foto: source AP Images

23: Lorenzo Insigne, Napoli attacker — €104.2 million ($122 million).

Foto: source Getty Images

22: Gonzalo Higuaín, Juventus striker — €104.5 million ($122.4 million).

Foto: source Getty Images

21: Ederson Moraes, Manchester City goalkeeper — €104.6 million ($122.5 million).

Foto: source Getty Images

20: Christian Eriksen, Tottenham Hotspur midfielder — €106.2 million ($124.4 million).

Foto: source Getty Images

19: Samuel Umtiti, FC Barcelona defender — €111.5 million ($130.6 million).

Foto: source Getty Images

18: Luis Suárez, FC Barcelona striker — €120.4 million ($141 million).

Foto: source Getty Images

17: Eden Hazard, Chelsea attacker — €124.7 million ($146 million).

Foto: source Getty Images

16: Gabriel Jesus, Manchester City striker — €140.3 million ($164.3 million).

Foto: source Getty Images

15: Roberto Firmino, Liverpool FC striker — €142.6 million ($167 million).

Foto: source Getty Images

14: Paul Pogba, Manchester United midfielder — €144.9 million ($169.7 million).

Foto: source Getty Images

13: Leroy Sané, Manchester City forward — €152.2 million ($178.3 million).

Foto: source Getty Images

12: Philippe Coutinho, FC Barcelona forward — €154.6 million ($181 million).

Foto: source Getty Images

11: Raheem Sterling, Manchester City forward — €155.1 million ($181.7 million).

Foto: source Getty Images

10: Romelu Lukaku, Manchester United striker — €163.4 million ($191.4 million).

Foto: source Getty Images

9: Paulo Dybala, Juventus forward — €164.2 million ($192.3 million).

Foto: source Getty Images

8: Antoine Griezmann, Atletico Madrid forward — €164.5 million ($192.7 million).

Foto: source Getty Images

7: Kevin de Bruyne, Manchester City midfielder — €167.2 million ($196 million).

Foto: source Getty Images

6: Dele Alli, Tottenham Hotspur midfielder — €171 million ($200.4 million).

Foto: source Getty Images

5: Mohamed Salah, Liverpool FC forward — €171.3 million ($200.7 million).

Foto: source Getty Images

4: Lionel Messi, FC Barcelona forward — €184.2 million ($215.9 million).

Foto: source Reuters

3: Kylian Mbappé, Paris Saint-Germain forward — €186.5 million ($218.6 million).

Foto: source Reuters

2: Neymar, Paris Saint-Germain forward — €195.7 million ($229.4 million).

Foto: source Reuters

1: Harry Kane, Tottenham Hotspur striker — €201.2 million ($235.8 million).

Foto: source Getty Images