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Juventus and Liverpool's hopes of signing Xherdan Shaqiri are virtually over. The Swiss attacker wants to remain with Bayern Munich and can expect a bigger role after Toni Kroos' exit, with die Roten officials keen to extend his contract to 2018.
Real Madrid have made signing a forward their next priority. Los Blancos want Monaco's Radamel Falcao on loan, though he will have to take a wage cut, and if that move fails they will instead bid for Chelsea forward Romelu Lukaku.
Chelsea and QPR are on the tail of Uruguay under-18 striker Kevin Mendez. The Penarol forward, 18, was one of the stars of the Under-17 World Cup last year.
Ángel Di María will sign with Paris Saint-Germain on the next days. The argentinian player would sign for five seasons and will earn 8 millions. The signing would close in 65 millions.
Southampton are bracing themselves for another raid on their squad as Cardiff City line up a bid for centre-back Jose Fonte. The Bluebirds have identified the Portuguese defender as the ideal replacement for Steven Caulker.
Southampton have told Tottenham and Arsenal that they will need to pay in excess of £27 million for midfielder Morgan Schneiderlin.
Liverpool are on the edge of completing a £20 million deal for Southampton centre-back Dejan Lovren. The Croatia international will complete a medical in Merseyside on Saturday.
Liverpool and Atletico Madrid are readying bids for Benfica's Nicolas Gaitan, even though the Argentine attacker is close to sealing a move to Monaco to replace James Rodriguez. Gaitan has a release clause of €45 million.
Atletico Madrid are ready to move for Real Sociedad attacker Antoine Griezmann, with Tottenham and Monaco also interested in the France international. Atleti's frontline has been stripped in the off-season and they are in need of reinforcements.
Benfica's Nico Gaitan is said to be close to signing with Monaco, although Atletico Madrid boss Diego Simeone is also reported to have a big interest in signing the Argentine attacker.