A new study has ranked Chelsea superstar Eden Hazard as the second most valuable footballer in the world.

The Centre International d'Etude du Sport pull together a number of variables to assess just how much players are worth in the modern game.

Its research takes into account a variety of factors, including age, performance, contract length and international status when placing a market value on each player.

Hazard, according to the report, is worth as much as €148.9million.

That eye-watering number is some way short of table-topper Lionel Messi at as much as €280.8m but leaves him comfortably clear of Real Madrid’s Cristiano Ronaldo on €124.7m.

The world's 20 most valuable footballers and their values in pictures:

Chelsea had five players in the top 20 with Diego Costa (8th), Cesc Fabregas (13th), Thibaut Courtois (18th) and Oscar (19th) all making the cut.

"Footballers with the highest transfer values generally play in competitive teams, are active full internationals, play in attacking positions, have long-term contracts and are under 27 years of age," the report says.

"The 100 footballers listed do not only differentiate themselves from the point of view of the transfer value, but also from that of transfer probability (e.g how likely it is they leave)."

Gareth Bale who joined Real Madrid in 2013 for more than €100m has had a poor season in Spain to see his value has fall to €56m.

Jose Mourinho's Blues boast 10 stars in the top 100 list, more than any other English team, although Real Madrid lead the way on 11 players inside the century of names.

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