Goal.com Transfer Talk is your 24/7 source for all the latest rumours in the global transfer market.
Milan are looking into the possibility of signing Chelsea midfielder Marco van Ginkel on a season-long loan. The Dutchman has found himself down the pecking order at Stamford Bridge following the signing of Cesc Fabregas.
Arsenal striker Lukas Podolski is set for a return to Germany with a move to Wolfsburg. Galatasaray and Besiktas have been interested in the German but the Bundesliga side are winning the race.
Any hope Manchester United had of bringing Paul Pogba back to Old Trafford has been dashed with the news that the France international is set to sign a new five-year deal at Juventus.
Napoli and Milan are chasing Liverpool forward Fabio Borini. The Italian, who spent last season on loan at Sunderland, is unwanted at Anfield, particularly if Mario Balotelli completes his move.
Mario Balotelli will take a 50 per cent paycut upon joining Liverpool. The Milan forward is on the brink of joining the Reds and will sign a heavily-incentivised contract with £2 million of bonuses dependent on his good behaviour.
Manchester United have told striker Danny Welbeck that he is free to leave the club. The news is said to have interested Arsenal and Tottenham as their pursuit of a striker continues.
Real Madrid are waiting for Manchester United to launch a formal bid for Angel Di Maria. The Argentine wants a deal worth more than the €5 million-a-year salary Madrid have offered him, while all the Madrid players are keen for the winger to stay.
Sevilla centre-back Federico Fazio is on the verge of sealing his €10 million [£8m] move to Tottenham.
Wolfsburg are interested in a move for Arsenal forward Lukas Podolski.
Arsenal are hoping to tempt Paris Saint-Germain into selling Edinson Cavani by offering £32 million plus Olivier Giroud for the Uruguay striker. Arsene Wenger is eager to recruit the forward while PSG could be forced to cut their wage bill.