Goal.com Transfer Talk is your 24/7 source for all the latest rumours in the global transfer market.
Tom Cleverley's wage demands meant a host of Premier League sides missed out on signing him. The 25-year-old, wanted by Hull City, Aston Villa, Everton and others, will now allow his Man Utd contract to run down and leave on a free.
Liverpool has agreed personal terms with former Barcelona goalkeeper Victor Valdes. The Spanish shot-stopper is a free agent after leaving Camp Nou, so he can be signed after deadline day, with Brendan Rodgers keen for competition for Simon Mignolet.
Everton has pulled out of talks to sign Manchester United midfielder Tom Cleverley.
Southampton midfielder Gaston Ramirez is set to join Hull City on a season-long loan.
Last season's Ligue 1 runner-up Monaco has made a late swoop to sign Swansea forward Wilfried Bony. The French club is on the verge of losing Radamel Falcao to Manchester United and is eyeing the Ivorian as a replacement.
Celtic has entered the race to sign Manchester City forward John Guidetti.
Atletico Madrid defender Toby Alderweireld has completed a medical at Southampton and is set to sign for the south-coast outfit, though the Belgium international has yet to agree terms on a move to St. Mary's Stadium.
Tottenham has made a third bid to sign Southampton striker Jay Rodriguez, with 13 million pounds plus winger Andros Townsend on offer. The south-coast outfit has rejected the previous two bids.
Jermain Defoe will stay with Toronto FC after the team rejected multiple bids. The English striker had been linked to Premier League clubs including QPR, West Ham and Leicester City.
Crystal Palace is ready to make a last-minute bid to sign Tottenham striker Harry Kane on loan. The Eagles, likely to offload Glenn Murray in the coming hours, will need to hope Spurs sign Danny Welbeck.