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Colombian striker Radamel Falcao could play in Real Madrid, if the blancos pay €12M to Monaco by a year on loan. Monaco want €45M by him, and the buy option will be in €33M.
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.
Chelsea are set to announce the signing of Didier Drogba on a one-year contract.
Everton have raised their interest in AIK winger Nabil Bahoui and are considering a bid for the 23-year-old.
Edinson Cavani is keen to leave Paris Saint-Germain this summer, while Manchester United remain in contention for the Uruguay international’s signature.
Angel Di Maria's future is expected to be decided within a few days and the Argentina international will choose between Manchester United and Paris Saint-Germain. Real Madrid will accept any offers between €50 million and €60m [£39.5m - £47.4m].
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.
QPR have matched Dinamo Moscow's €7 million bid for Mathieu Valbuena. The France international rejected a move to the Russian side but, surplus to requirements under Marcelo Bielsa, could be tempted with a move to the Premier League.
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.