Roma’s current first-team squad cost approximately €303 million to assemble, according to a new study published by the CIES Football Observatory.
The study calculates the transfer fees invested by clubs to acquire the players currently in their first-team squads, including potential bonuses. Roma rank seventh in Serie A, behind Juventus, Napoli, Milan, Atalanta, Inter and Como.
Roma squad cost €303 million to assemble
Juventus lead the Italian ranking with a squad assembled for an estimated €584 million, followed by Napoli at €532 million and Milan at €462 million.
Atalanta sit fourth with a total cost of €379 million, narrowly ahead of Inter at €372 million. Como occupy a surprising sixth place after investing €335 million in their current squad.
Roma follow in seventh position at €303 million, placing the Giallorossi ahead of Fiorentina, Lazio and Bologna.
Most expensive Serie A squads
- Juventus — €584 million
- Napoli — €532 million
- Milan — €462 million
- Atalanta — €379 million
- Inter — €372 million
- Como — €335 million
- Roma — €303 million
- Fiorentina — €243 million
- Lazio — €188 million
- Bologna — €183 million
- Sassuolo — €127 million
- Torino — €114 million
- Parma — €103 million
- Genoa — €101 million
- Venezia — €96 million
- Udinese — €77 million
The figure measures the amount invested in transfer fees rather than the squad’s present market value. Roma were recently ranked as Serie A’s fourth-most valuable squad by Transfermarkt, illustrating the difference between acquisition costs and estimated current valuations.
Roma invested €158 million during 2026
The CIES study also examines transfer activity during the 2026 calendar year.
Roma invested approximately €158 million in new players and recorded a transfer balance of minus €124 million between purchases and sales.
Only three Serie A clubs spent more during the same period:
- Milan — €232 million
- Fiorentina — €185 million
- Como — €166 million
- Roma — €158 million
The investment reflects Roma’s efforts to strengthen Gian Piero Gasperini’s squad after securing a return to the Champions League.
The Giallorossi completed several significant operations, including deals for Santiago Castro, Rodrigo Mora, Konstantinos Koulierakis and Nahuel Molina. Roma also made Donyell Malen’s move permanent and added experience through Leonardo Balerdi and Marten De Roon.
A previous analysis of Roma’s 2026 summer transfer spending showed how the club could record a significant negative transfer balance while maintaining a slightly positive effect on its annual accounts through amortization, player sales and salary savings.
Roma’s spending remains below Serie A’s biggest investors
Roma’s €303 million squad cost places the club behind most of its principal domestic rivals, despite the substantial investment made during 2026.
The difference is especially notable compared with Juventus and Napoli, whose current squads cost more than €500 million to assemble. Roma also sit €69 million behind Inter, one of their primary competitors near the top of Serie A.
Squad cost does not automatically determine results, but the figures provide useful context for Gasperini’s challenge. Roma are attempting to compete domestically and in Europe with the seventh-highest investment in playing personnel and Serie A’s fifth-largest wage bill.
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