Watford is back in the Premier League and is spending some of that top-flight cash, signing Etienne Capoue for a club record transfer fee.
The French international is coming off of two disappointing seasons at Tottenham, which saw him score two goals in just 36 appearances.
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Capoue fell out of favor with Spurs manager Mauricio Pochettino, and a move away from White Hart Lane this summer was expected.
It is reported the deal is worth around $11 million, a record fee for the Hornets.
After finishing second in the Championship last season, Watford is back in the Premier League for just the third time in club history. Both of the Hornets previous campaigns in the PL (1999-00, 2006-07) ended in last place finishes.
Earlier this summer Watford thought they had broken their record transfer fee when a bid for Diego Perotti was accepted by Italian side Genoa, but the winger then rejected the move to Vicarage Road.
The Hornets also inked club captain Troy Deeney to a new five-year deal this week, a big signing as the striker was getting some interest from other, more established Premier League clubs. Deeney has scored at least 20 goals in each of his past three seasons.