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Southampton midfielder Gaston Ramirez is set to join Hull City on a season-long loan.
Last season's Ligue 1 runners-up Monaco have made a late swoop to sign Swansea City forward Wilfried Bony. The French club are on the verge of losing Radamel Falcao to Manchester United and are eying the Ivorian as a replacement.
QPR's move for Liverpool forward Fabio Borini has fallen through. Despite the Loftus Road outfit having agreed a fee with the Merseysiders for the Italian striker, they have been unable to agree personal terms.
West Ham are on the verge of signing Marseille midfielder Morgan Amalfitano on loan with the option to buy. Sam Allardyce will be keen to bolster his midfield options having sanctioned the sale of Mohamed Diame to Hull City earlier today.
Celtic have entered the race to sign Manchester City forward John Guidetti, who had been linked with a return to the Eredivisie. The Swedish striker is surplus to requirements at the Etihad Stadium.
Atletico Madrid defender Toby Alderweireld has completed a medical at Southampton and is set to sign for the south-coast outfit, though the Belgium international is yet to agree terms on a move to St Mary's Stadium.
Arsenal have failed in a last-ditch attempt to sign Sporting midfielder William Carvalho. Arsene Wenger had hoped to bring in the Portugal international but negotiations have reached an impasse with the Gunners' final offer too low.
Jermain Defoe will stay with Toronto FC after the MLS outfit rejected multiple bids. The English striker had been linked to Premier League clubs including QPR, West Ham and Leicester City but will instead remain in Canada.
Tottenham have made a third bid to sign Southampton striker Jay Rodriguez of £13 million plus winger Andros Townsend. The south-coast outfit have rejected the previous two bids but Ronald Koeman is in the market for a winger.
Stoke City are ready to bid for Tottenham winger Aaron Lennon, but only if they fail in a bid to re-sign Liverpool's Oussama Assaidi on loan. The Moroccan attacker has already rejected a permanent move to the Britannia Stadium.