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Barcelona are targeting a £30 million move for Chelsea midfielder Juan Mata.
Real Madrid has reserved their number 11 shirt for Tottenham midfielder Gareth Bale.
Liverpool are set to complete moves for Shakhtar Donestsk midfielder Henrikh Mkhitaryan, Porto winger Christian Atsu and Sevilla's Luis Alberto.
Everton have reignited their interest in Twente midfielder Leroy Fer.
Malaga and Besiktas are interested in signing Arsenal striker Nicklas Bendtner.
Liverpool are poised to complete a £6 million deal for Sevilla winger Luis Alberto within the next two days.
Russia boss Fabio Capello has agreed a one-year deal to succeed Real Madrid-bound Carlo Ancelotti at Paris Saint-Germain, with Arsenal's Arsene Wenger ready to take over at the French champions in 2014.