There are so many good goalkeepers around in European leagues that it is very hard to come up with only five names. However, I have based my ranking on the basis of current form and last season's performance.
Forgive me for ignoring the good keepers from South American leagues because I have limited knowledge to put them in my rankings. So, I have assumed that good goalkeepers play for Europeans leagues.
1. The Brazilian is flying high after three straight Scudetto titles. Even great Buffon considered Julio Cesar to be better than him on current form. Not only that, he has even replaced Dida as the country's first choice keeper. His athleticism, perfect positioning and leap makes him the rock of the Nerazzuri defence.
Lets hope Julio Cesar saves his best for 2010 World Cup.
Iker has been the most consistent goalkeepers in the world. He was fourth in FIFA World player of the year ranking. He was also instrumental in Spain's Euro Campaign.
However, his club Real Madrid were poor in their domestic campaign in the shadow of magical Barcelona, the lowest point came when he conceded six goals at home in El Classico. His form was never in question and he will be key in the Spain's campaign to win their first World Cup.
Even at 38, he led Man Utd to their third consecutive EPL title and 2nd consecutive Champions League final.
Not only that, Van der Sar set a new club and Premier League record for consecutive clean sheets—the club's 5–0 win over West Bromwich Albion meant that they had gone 11 games and 1,032 minutes without conceding a goal, beating the previous record of 10 matches and 1,025 minutes set by Petr Čech in the 2004–05 season.
He still has a year more in his contract and will be looking to finifh his career on a high.
His cuurent form places him at No. 4 but there is no doubt that he will go into the history as one of the greatest of all time. His technical skill is unmatched by any goalkeeper.
Though his form has dipped a bit due to injury, he will continue to be a top goalkeeper for some time to come. At 31, he still has at least 5 more years ahead of him.
Though Petr Cech before injury was far better than one after the injury, he has managed to keep for Chelsea at top level.
High profile errors in Champions league and Euro 2008 have somewhat diminished his reputation but if you look at his statistics, those errors are easily forgivable. He will continue to be Chelsea's No. 1 until his contract runs out in 2010.