Nottingham Forest becomes the 13th most valuable club in the world by squad value;

Transfermarkt has updated its ranking of the world's most valuable football clubs based on the total squad value.

According to Idman.Biz, "Real Madrid" leads the list with a value of 1.38 billion euros.

"Arsenal" is second with 1.29 billion euros, while "Manchester City" and "Paris Saint-Germain" share third place with a value of 1.19 billion euros. "Chelsea" and "Barcelona" are also in the top six.

Although "Nottingham Forest" is currently only 17th in the English Premier League table, it ranks 13th with a total squad value of 620 million euros.

The top 20 is as follows:

1. "Real Madrid" (1.38 billion euros);
2. "Arsenal" (1.29 billion euros);
3. "Manchester City" (1.19 billion euros);
4. "Paris Saint-Germain" (1.19 billion euros);
5. "Chelsea" (1.18 billion euros);
6. "Barcelona" (1.12 billion euros);
7. "Liverpool" (1.04 billion euros);
8. "Bayern Munich" (981 million euros);
9. "Tottenham Hotspur" (879 million euros);
10. "Manchester United" (719 million euros);
11. "Newcastle United" (713 million euros);
12. "Inter Milan" (670 million euros);
13. "Nottingham Forest" (620 million euros);
14. "Atletico Madrid" (589 million euros);
15. "Juventus" (552 million euros);
16. "Brighton & Hove Albion" (520 million euros);
17. "Aston Villa" (520 million euros);
18. "Borussia Dortmund" (511 million euros);
19. "Crystal Palace" (502 million euros);
20. "AC Milan" (486 million euros).