Arsenal have completed a historic transfer by signing Olivia Smith from Liverpool for a world-record fee of £1 million, making her the most expensive player in women's football.
The 20-year-old Canadian forward, who burst onto the scene as her country's youngest-ever international at just 15, joins the reigning Women's Champions League champions on a four-year contract.

Smith enjoyed an impressive debut season with Liverpool, netting nine goals in 25 appearances and earning the club's Player of the Season honor. Prior to her time in England, she starred for Sporting CP in Portugal, demonstrating her prolific scoring abilities with 16 goals in 28 matches.
Arsenal manager Renée Slegers praised Smith's mentality and ambition, emphasizing her potential to make a significant impact and help the club continue competing for major titles. After winning their second Champions League title and finishing second in the WSL, the Gunners are keen to refresh their squad with youthful talent, making Smith an ideal addition both for her current quality and future promise.
"It's my dream to compete for the biggest titles here in England and in Europe and I'm excited to get started and contribute to doing that here with Arsenal," Smith said after joining the Gunners.
Her move not only signals Arsenal’s intent to remain at the pinnacle of European football but also underscores the rapid growth and investment now seen in the women's game. Arsenal became the Women's Champions League winners last season after beating Barcelona 1-0 in the final.
| Player | Fee | From | To | Year |
|---|---|---|---|---|
| Olivia Smith | £1,000,000 | Liverpool | Arsenal | 2025 |
| Naomi Girma | £900,000 ($1.1m) | San Diego Wave | Chelsea | 2025 |
| Racheal Kundananji | $788,000 | Madrid CFF | Bay FC | 2024 |
| Mayra Ramírez | $542,000 | Levante | Chelsea | 2024 |
| Keira Walsh | $513,000 | Man City | Barcelona | 2022 |
| Pernille Harder | $355,000 | Wolfsburg | Chelsea | 2020 |
| Jill Roord | $303,000 | Wolfsburg | Man City | 2023 |
| Lena Oberdorf | $255,000 | SGS Essen | Wolfsburg | 2020 |
| Hanna Bennison | $218,000 | Rosengård | Everton | 2021 |
| Ewa Pajor | $200,000 | Medyk Konin | Wolfsburg | 2015 |