This reminds me of the Antony transfer last year. A club is obsessed with a player so much that they're willing to massively overspend on him to the point they're not even worth it anymore. The club forgets that there is a world of players out there, and all this does is inflate the market even more.
It's daylight robbery, and someone at clubs needs to pull the decision-makers back and allow them to see the bigger picture. Caicedo is class but feck me, he's never going to live up to this price tag like Antony, Mudryk, Fernandes, etc.