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Arsenal and Chelsea are ready to activate N'Golo Kante's €25 million release clause at Leicester City, with Paris Saint-Germain also interested in the midfielder.
Borussia Dortmund will complete the signing of Rennes starlet Ousmane Dembele on Wednesday for a fee between €15 million and €20m.
Antonio Conte is confident of sealing a deal to bring Gonzalo Higuain to Chelsea for £45 million. The move could pave the way for Diego Costa to join a Chinese Super League side.
Despite the Chelsea attacker's poor season, Paris Saint-Germain still regard Eden Hazard as a sure thing and will look to tempt him back to France with the lure of Champions League football.
Ahead of moving into their new stadium, West Ham are eager to seal a big name signing and feel Manchester United's Chris Smalling fits the bill. The Hammers will offer £20 million for his services.
Chelsea midfielder John Obi Mikel, 29, has rejected approaches from both Galatasaray and Fenerbahce in favour of trying to win a new deal under Antonio Conte at Stamford Bridge.
German champions Bayern Munich are considering paying Roma midfielder Miralem Pjanic's €40 million buyout clause at Carlo Ancelotti's request.
England boss Roy Hodgson is keeping close tabs on Arsenal's Alex Oxlade-Chamberlain as the manager looks to finalise his squad for Euro 2016.