Goal takes a look at the biggest transfer stories from the Premier League, La Liga, Serie A and beyond ahead of the opening of the summer window
BAYERN WON'T MATCH ALEXIS' WAGE
Bayern Munich are ready to pull out of the race to sign Alexis Sanchez as the Arsenal attacker's wages are too high for them, Bild reports.
The German giants were willing to offer a maximum of €16 million per season to the Chile star, but he already earns €20m at the Emirates Stadium.
CITY CONFIDENT OF ALEXIS & WALKER
Manchester City's players believe Alexis Sanchez and Kyle Walker will be joining them next season for a combined £100 million, according to the Daily Mirror .
Bayern Munich and Paris Saint-Germain are also in the running but City are said to hold a growing belief that the Chilean wants to stay in the Premier League.
RASHFORD TO NET PAY RISE
Marcus Rashford will net another £10,000 pay rise to his Manchester United contract this summer, according to the Sun .
The young striker signed a new deal last year which sees him bag incremental increases to his wages throughout its four-year term.
BAYERN AHEAD IN ALEXIS RACE
Alexis Sanchez's agent is in talks with Bayern Munich after the German champions agreed to meet both the player and Arsenal's financial demands, according El Mercurio .
Bayern are prepared to pay $65 million (£50m) to sign the Chilean and hand him a $14.5m-a-year (£11.2m) contract but Manchester City also remain interested.
CONTE FIGHTING TO KEEP COSTA
Antonio Conte is pleading with the Chelsea board to offer Diego Costa a deal that persuades him to stay at Stamford Bridge, according to the Sun .
It has been widely assumed that the FA Cup final will be the Spaniard's final game for the Blues amid rumours of interest from Atletico Madrid and a lucrative offer from China but the Italian is said to see Costa as irreplaceable.
CHELSEA KEEN ON LANZINI
Chelsea are targeting West Ham midfielder Manuel Lanzini as a potential replacement for Cesc Fabregas, according to the Sun .
The Spaniard has been linked with AC Milan and Blues technical director Michael Emenalo is said to see Lanzini as a perfect successor, with the report claiming he believes the Argentine can be as good as Luka Modric.
BARKLEY SET TO LEAVE EVERTON
Ross Barkley is set to leave Everton after failing to meet the deadline Ronald Koeman imposed for making a decision on his future, according to the Daily Mirror .
Tottenham and Manchester United are both interested in the midfielder, who is yet to sign a club-record deal worth £100,000 a week that the Toffees have put on the table.
CASILLAS TO LIVERPOOL?
Former Real Madrid captain Iker Casillas could make a summer switch to Liverpool, according to AS .
The Spanish publication suggests that the veteran Spain goalkeeper has arranged a pre-contract agreement with the Merseyside club, who return to the Champions League next season having finished in the top four of the Premier League.
UTD OPEN TO SMALLING OFFERS
Manchester United will entertain summer transfer bid for centre-back Chris Smalling, ESPN reports.
The article claims Smalling has fallen behind Phil Jones, Marcos Rojo and Eric Bailly in the centre-back pecking order, and with Michael Keane looking likely to join in the summer Smalling looks to be first for the chopping block.
Arsenal have shown interest in Smalling in the past, with Arsene Wenger said to be an admirer.
EVERTON AGREE SIGURDSSON FEE
Everton have reached an agreement with Swansea over a £25 million move for Gylfi Sigurdsson, the Daily Star reports.
The Toffees see the Iceland playmaker as an ideal creative addition for the new season, but are said to be facing issues over the player's £120,000-per-week wage demands.
DORTMUND EYE KRUSE
Wolfsburg's Max Kruse is being closely monitored by Borussia Dortmund, German outlet Bild reports.
Kruse has been linked with a mega-money move to Tianjin Quanjian in the summer, but may prefer to stay closer to home with a move to Dortmund, who are likely to lose top-scorer Pierre-Emerick Aubameyang before the start of the new season.
ARSENAL TO SWOOP FOR REAL STAR
Arsenal are preparing a move for Real Madrid right-back Danilo, according to a report from Don Balon .
Paris Saint-Germain are also considered to be in the race for the Brazilian, though the Gunners will attempt to push through a deal ahead of the potential summer exit of Hector Bellerin, who is on Barcelona's radar.
Danilo is thought to be open to a move away from the Spanish capital, having played the majority of the season behind Dani Carvajal under Real boss Zinedine Zidane.
ARSENAL PLOT HULK SWOOP
Arsenal will look to bring Hulk back to Europe from Shanghai SIPG if Alexis Sanchez leaves the club this summer, reports Don Balon .
The Brazilian has been in China since June 2016, but the Gunners see him as an ideal replacement for a man who could move on as he prepares to enter the final 12 months of his contract.
LIVERPOOL LEAD OX HUNT
Liverpool are leading the race for Arsenal midfielder Alex Oxlade-Chamberlain, according to The Sun .
The England international is looking for a new challenge after six years with the Gunners and will be available for around £20 million.
CHELSEA & BAYERN EYE WALKER
Chelsea and Bayern Munich have both joined the race to sign Tottenham defender Kyle Walker, according to The Sun .
Manchester City remain the favourites to secure the signature of the England full-back but could now face some serious competition.
ARSENAL OPEN ONYEKURU TALKS
Arsenal have opened talks regarding a move for KAS Eupen striker Henry Onyekuru, according to Sky Sports .
The 19-year-old is the top scorer in the Belgian top-flight this season having found the net on 20 occasions.
And though the Gunners are in the driving seat to bring him to the Premier League, Everton and Southampton are also interested.
PEPE HEADING FOR INTER
Pepe is one of a number of players likely to leave Real Madrid this summer, according to AS , with Inter his most likely destination.
Fabio Coentrao, James Rodriguez and Mariano are also on their way out and Danilo, Alvaro Morata, Gareth Bale and Keylor Navas are not guaranteed to be at the Santiago Bernabeu next season.
ZIDANE WANTS KANTE AT MADRID
Real Madrid manager Zinedine Zidane has made Chelsea midfielder N'Golo Kante his No.1 transfer target, according to Don Balon .
The Blancos boss has been unimpressed with Casemiro's performances in recent weeks and sees Kante as an upgrade in central midfield.
Zidane has already spoken to president Florentino Perez regarding making a bid for France international Kante.