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PSG have pulled out of the race to sign Angel Di Maria from Real Madrid, leaving Manchester United as clear favourites to sign the Argentina international.
AC Milan want Manchester United striker Javier Hernandez to replace Mario Balotelli who is set to join Liverpool. The Mexican is also wanted by Inter and Juventus but is on the top of Milan's wanted list.
PSG and Monaco want to take Chelsea goalkeeper Petr Cech on a one-year loan. The Blues need to cut one foreign player from their Premier League squad with Cech set to leave after losing his place to Thibaut Courtois.
Blackburn Rovers are considering Hull City's £10 million bid for Jordan Rhodes.
Out-of-favor Anderson could return to Portugal to play for Porto. He's not in the plans of Louis van Gaal and the Dragões would be willing to pay 7.5 million for him - 24 million less than the fee Utd paid Porto in 2007 for the Brazilian.
Tottenham are poised to activate the £8 million release clause of Sevilla centre-back Federico Fazio.
Roma have sent a delegation of officials to London to negotiate a deal for either Tottenham defender Vlad Chiriches or Manchester City's Matija Nastasic, with the Serie A side now resigned to losing Mehdi Benatia and eager to secure a replacement.
The transfer ban could force Barcelona to sign Marco Reus and loan him back to Borussia Dortmund.
Southampton will walk away from negotiations for Andros Townsend if Tottenham ask for Morgan Schneiderlin to be included as part of the deal. The Saints are keen on the England winger but will not sacrifice the Frenchman to sign him.
Liverpool is looking for a top striker after sell Luis Suárez. Milan is in talk with Reds about Balotelli and the deal would be closed in 28 millions of euros.