Manchester City coach, Pep Guardiola, said that large transfer fees are here to stay as he spoke about the money the club has had to pay for their new signings.

City have spent around £120 million ($156.35 million) on buying three new full backs in 10 days with a fourth possibly on the way.

“I think that 10, 11 years ago Real Madrid paid, for example, paid 30 million for Pepe and Barcelona 37 for Dani Alves, 10 years later that is the value now. That period was amazing and now in the last year, two years, it increased a lot. I could not imagine years ago, no years ago, two years ago, that people pay 100 million for one player, 120 million for one player. Now it’s happened and it’s going to happen more, so it’s a lot, so it’s nothing to do, so,” Guardiola said.

Benjamin Mendy became the latest to arrive on Monday for a reported 49 million pounds, joining Danilo, signed from Real Madrid for £26 million on Sunday, and Kyle Walker, a £45 million buy from Tottenham Hotspur earlier this month.

For Monaco, French international Mendy completed five assists in Ligue 1 and three in the Champions League last season, figures that suggest more goals should now flow from Guardiola’s problem left side.

Perhaps only City would pay such a fee four times the amount Monaco paid Marseille for the 23-year-old just 12 months ago but Mendy’s pace, technique, and intelligence were major factors in the French side’s success last season.

Guardiola, who witnessed Mendy’s worth close up in Monaco’s Champions League knockout win over City last season, has persuaded his paymasters to fork out serious money for a player who could make his debut against Real Madrid in Los Angeles on Wednesday.