Goal.com Transfer Talk is your 24/7 source for all the latest rumours in the global transfer market.
Brazil boss Luis Felipe Scolari has been sacked in the wake of his side's failure to win the World Cup on home soil, their campaign culminating in a 7-1 drubbing by Germany and a 3-0 loss to Netherlands.
Lazar Markovic will have a medical with Liverpool on Monday before competing a €25 million transfer, though the Reds' summer spending won't stop there. Brendan Rodgers wants to bring Wilfried Bony to the club to replace Luis Suarez.
Chelsea have opened discussions with Didier Drogba over a return to Stamford Bridge. Jose Mourinho believes the veteran striker's gravitas can have a great effect on his young squad.
Chelsea boss Jose Mourinho is looking to bring former charge Sami Khedira to Stamford Bridge. Arsenal had been interested in the Germany international but will turn their attention to Lars Bender instead following the Blues' interest.
Liverpool are looking to raid Southampton yet again this summer and are keen to bring Jay Rodriguez to Anfield. The former Burnley attacker, though, is sidelined until October but could replace Sevilla-bound Iago Aspas.
Arsenal are confident of concluding a deal for Nice goalkeeper David Ospina in the next week. The Colombia international is wanted as back-up to current No.1 Wojciech Szczesny and will cost around €4 million.
Manchester United are close to announcing the capture of Chilean midfielder Arturo Vidal from Juventus. The Red Devils have reached an agreement over a €40 million deal, with Patrice Evra going the opposite direction.
Juventus will immediately move for Tottenham midfielder Paulinho if they sell Arturo Vidal this summer. The Chile star has been heavily linked with a move to Manchester United and if that does go through, Juve will over £25m for the Spurs man.
Manchester United face a battle to secure the signing of Borussia Dortmund centre-back Mats Hummels as Barcelona make a move for the Germany international. Luis Enrique has identified Hummels as a key target after Marquinhos talks broke down.
Liverpool chief executive Ian Ayre is heading to Spain to conclude an £18 million deal for Sevilla left-back Alberto Moreno. The deal had looked to be off the table but the Reds are the only team who retain an interest in the 22-year-old.