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Manchester United have put £120m aside to sign Gareth Bale from Real Madrid in the summer. The Premier League giants are desperate to land the Welshman and Louis van Gaal is ready to table a world-record bid.
Manchester City are ready to table a world-record bid to sign Cristiano Ronaldo if he decides to return to England. Director of Football Txiki Begiristain is in regular contact with the Real Madrid superstar's agent Jorge Mendes.
Liverpool and Arsenal are set to go head-to-head over the signing of Marseille striker Andre-Pierre Gignac. The 29-year-old's contract expires this summer, and he has also attracted interest from Inter Milan.
Roma are eyeing a move for either Roberto Soldado or Emmanuel Adebayor as they seek to replace Mattia Destro who has left for AC Milan.
Liverpool are monitoring Hannover midfielder Lars Stindl as they seek a replacement for Steven Gerrard who will leave Anfield in the summer.
Manchester United target Aleksandar Dragovic is in talks with Inter. The Dynamo Kiev defender has attracted interest from Louis van Gaal's side but is now closing in on a move to Serie A.
Southampton boss Ronald Koeman is keen to sign midfielder Tonny Vilhena from Feyenoord for £4m and Filip Djuricic on loan from Benfica. The Saints boss has confirmed his interest in both players ahead of the transfer deadline.
Manchester City are set to pip local rivals United to Real Madrid defender Pepe, after learning that the defender could leave the Bernabeu this summer. Pepe has seen his first-team opportunities limited in 2014-15 by the emergence of Raphael Varane.
Arsenal are set to launch a £15m offer to sign Morgan Schneiderlin at the end of the season. The midfielder is desperate to play in the Champions League, and reports have suggested that he has already agreed terms with the Gunners.
QPR are targeting a move for West Ham midfielder Mark Noble. The 27-year-old could be pushed out of Upton Park by the imminent arrival of Darren Fletcher from Manchester United.