PHILIPPE COUTINHO has been named as the most valuable player out on loan this season with the Brazilian playmaker valued at £82.8million.
The 27-year-old - currently at Bayern Munich from Barcelona - has chipped in with two goals and four assists in 15 games this campaign.
But despite his average stats, research group CIES Football Observatory have put him at the top of their list.
Arsenal midfielder Dani Ceballos has flattered to deceive since his stunning display against Burnley in August, but he stands second of the most expensive loan players.
The 23-year-old - on loan from Real Madrid - has been valued at £56.3m, meaning he would become the Gunners' second all-time record signing should they nab him next year.
Reported Manchester City target Martin Odegaard is third with his price tag at £49.1m after impressing at Real Sociedad from Los Blancos.
Harry Wilson is surprisingly fourth on the list following his strong start to the season at Bournemouth, with CIES valuing him at £46.3m.
The Cherries have been linked with a switch to turn his loan deal from Liverpool permanent with Ryan Fraser going in the opposite direction.
Rounding up the top five is Mauro Icardi who has banged in nine goals in ten games on loan at Paris Saint-Germain from Inter Milan.
His £43.6m price tag seems fairly cheap considering his stunning form, with his valuation £17m less that the Les Parisiens' option to buy him.
Duvan Zapata, Stefano Sensi and Achraf Hakim are sixth, seventh and eighth respectively, with Sheffield United shot-stopper Dean Henderson - on loan from Manchester United - in ninth.
The 22-year-old - valued at £32.4m - has featured in all 12 top-flight matches this term, keeping five clean sheets for the Blades.
William Saliba - signed by Arsenal in the summer before being shipped off to Saint-Etienne - is in tenth with his estimation at £30.1m.
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Another player that was offloaded by Unai Emery was Henrikh Mkhitaryan, with the Roma man valued at £10.6million.
Chris Smalling - who also joined Roma from the Red Devils - has been priced at £18.5m, with Tiemoue Bakayoko valued at £28.5m.