How much will each Premier League club have to spend on transfers this summer?

One season may have just finished but the football does not stop, with the Club World Cup beginning on 14 June and a new mini transfer window now open.

All clubs - not just those at the revamped tournament - have been given a 10-day window to sign players before the competition begins in the United States.

The market then closes again and reopens from 16 June.

Real Madrid have already taken advantage of the early window by signing Trent Alexander-Arnold from Liverpool before the Club World Cup.

The Reds' own attention will be on a new Premier League campaign that is just 75 days away.

So which clubs will be able to splash the cash this summer as they seek to reinforce their squads, and who is running a profit and sustainability rule tightrope?

PSR limits clubs to losses of £105m over three years, with that amount reduced by £22m for each season a club are outside the top tier of English football during the cycle.

Certain expenses like infrastructure, academy, community and the cost of having a women's team are excluded from calculations.

BBC Sport crunches the numbers with football finance expert Kieran Maguire to look at how much each Premier League club will be able to spend in the transfer market, and whether there are any PSR limitations.

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