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Real Madrid director of football Zinedine Zidane has promised Isco first-team football in an attempt to sign the Malaga star ahead of Manchester City.
Manchester City forward Carlos Tevez is on the verge of joining AC Milan in a £10 million deal.
Napoli boss Rafa Benitez wants to sign Liverpool striker Luis Suarez as a replacement for Edinson Cavani.
Real Madrid striker Gonzalo Higuain has agreed to join Arsenal this summer as Arsene Wenger will pay a club-record £22 million fee for the Argentine.
Real Madrid president Florentino Perez has travelled to London in an attempt to hold talks with Tottenham regarding a move for Gareth Bale.
Celta Vigo are looking to sign Chelsea midfielder Oriol Romeu on a season-long loan deal.
Fabio Capello has rejected Paris Saint-Germain's offer of a 12-month contract. The French champions have also been snubbed by Tottenham manager Andre Villas-Boas this week.
Arsenal made a late attempt to hijack West Ham's deal to sign Andy Carroll from Liverpool.
Talks to extend Xabi Alonso's spell at Real Madrid have been put on hold with no agreement as former boss Jose Mourinho considers trying to lure the midfielder to Chelsea in a cut-price deal or at the end of his contract.
Iago Aspas will have to spend €4.5 million if he wants to join Liverpool from Celta Vigo. The Spanish forward needs to pay off agents, a percentage of his contract and Spanish tax to secure his move to the Premier League.