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.

Olivia Smith was always going to become women’s football’s first £1million player this summer — but nobody was meant to know. Confidentiality was the modus operandi before Smith’s record-breaking £1million ($1.