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Barcelona will offer Tello and Halilovic in a bid to reduce Andre Gomes' €40 million release clause as they bid to sign the Portuguese midfielder from Valencia.
The Stamford Bridge side will trump Europe's elite to the signing of the Marseille striker, with the 22-year-old joining for a €40 million fee.
The FA will give Gareth Southgate interim manager status with the England first team until they can move for Arsene Wenger in 12 months' time, when his contract with Arsenal comes to an end.
Real Madrid boss Zinedine Zidane is unhappy with having Casemiro as his only defensive midfield option and wants to sign Leicester City's N'Golo Kante to bolster his squad.
Arsenal are monitoring the progess of West Ham full-back Sam Byram and have identified the defender as a possible replacement for Hector Bellerin.
West Ham manager Slaven Bilic wants to bring Germany striker Mario Gomez to the Olympic Stadium and has already made contact with Fiorentina over his availability.
Roma are set to announce the signing of Manchester City full-back Pablo Zabaleta in the coming days after the Argentina international agreed a contract with the Serie A outfit.
New Southampton manager Claude Puel is keen to bring Nice winger Hatem Ben Arfa to St Mary's Stadium with him, though he faces competition from Sevilla.
Ronald Koeman wants to bring Fulham goalkeeper Maarten Stekelenburg to Everton with Tim Howard having left Goodison Park.