Manchester City are riding higher than they ever have, winning the European Cup for the first time to secure the treble. That has unlocked the chance to win the UEFA Super Cup and FIFA Club World Cup, and the Blues finally have the trophy they have long desired.
Look online, though, and there is a degree of restlessness at the lack of transfer activity at the Etihad. Mateo Kovacic has come in, Ilkay Gundogan has left, and Declan Rice will join Arsenal.
"When we don't like a deal, we walk away and we don't panic," said CEO Ferran Soriano this week. As Pep Guardiola often reminds fans in the opening months of the season that titles are not won early on, City's bosses will say that transfer windows are not 'won' or 'lost' in the first week of July.