Arsenal Football Club has agreed to pay a world-record transfer fee of £1 million to Liverpool for Canadian forward Olivia Smith, marking the first time a women's football player has been transferred for a seven-figure sum. This deal surpasses the previous record of £900,000, which Chelsea paid for United States defender Naomi Girma from San Diego Wave in January 2025. Olivia Smith, aged 20, has seen her transfer value increase fivefold within a year. She is expected to undergo a medical with Arsenal shortly to complete the move. The transfer reflects the growing financial investment and valuation in women's football. Additionally, Newcastle United is reportedly set to sign a record-breaking Arsenal women's player in a separate deal.