Canada forward Olivia Smith has become the most expensive player in women’s soccer history at a cost of one million pounds ($1.34 million) after Arsenal signed her from Liverpool.

Smith's move to the Premier League club is the latest milestone in the steady escalation of transfer fees in the women's game.

The Athletic FC ⚽ is The Athletic’s daily football (or soccer, if you prefer) newsletter. Sign up to receive it directly to your inbox. Hello! The women’s world transfer record has gone again. Olivia Smith and Arsenal are making history.