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In transfer news, the previous high was set in 2019 when clubs spent a collective £6.51bn, but this summer £6.56bn has been spent worldwide, according to Transfermarkt.
It has been a transfer window like no other this summer and with three days still to run until Deadline Day brings business to a close, the global spending record has been broken. Premier League and Saudi Pro League clubs have led the way by splashing out eye-watering sums on new recruits.
But spending has dropped in the other major European leagues compared to the previous record window of 2019.
The summer of 2023 has been the highest-spending transfer window ever, with more than £6.5bn spent on players across the world.
Deadline Day is still two days away for clubs in Europe's major leagues, but history has already been made - largely thanks to the free spending of clubs in England and Saudi Arabia.
In other transfer news, the Premier League outlay has reached £2.1bn, rendering it the highest-spending division by far.
The window remains open, and Premier League teams can make signings until 23:00 BST on 1 September.
Total spending in Saudi Arabia is currently at £728m, putting the Saudi Pro League second on this summer's list, ahead of the £682m Italy's Serie A clubs have parted with in transfer news.
German Bundesliga clubs have spent £598m so far, with France's Ligue 1 at £594m and Spain's La Liga at £342m.
In other transfer news, Saudi Arabia's wealthy Public Investment Fund took control of four of the nation's top teams - Al-Ittihad, Al-Nassr, Al-Hilal and Al-Ahli - earlier this year, while big money transfers have also been made involving the gulf state's other top flight sides.
Neymar, Allan Saint-Maximin and Jordan Henderson are among the players who have moved to Saudi Arabia on lucrative contracts.
The British transfer record was broken earlier in August when Chelsea secured a deal worth up to £115m for Brighton's Ecuadorian midfielder Moises Caicedo.