Goal.com Transfer Talk is your 24/7 source for all the latest rumours in the global transfer market.
Toni Kroos will made a decision about his future after the end of the Bundesliga season but before the World Cup starts. Now Real Madrid, Barcelona and Arsenal are in the race as well.
PSG, Monaco, Manchester United and Bayern Munich are all monitoring the contract status of Laurent Koscielny and are ready to offer the Arsenal man a massive pay-rise compared to the £50,000-a-week he currently earns.
The Manchester City hierarchy have been impressed by Manuel Pellegrini this season, despite their title tilt all but ending after drawing with Sunderland, and have vowed to stick by the Chilean.
Chelsea captain John Terry has been offered a new one-year contract by the club, but the 33-year-old must accept a massive pay-cut that would see his current £150,000-a-week salary halved.
Manchester City are set to open talks with Edin Dzeko over a new long-term contract and will swat away any interest in the Bosnian forward, who has impressed manager Manuel Pellegrini this season.
Barcelona and Lionel Messi are still some way apart in negotiations over a new contract for the Argentine, with the Catalan club only offering half of £60 million annual salary the 26-year-old is holding out for.
Atletico Madrid are already preparing for life without Chelsea loan goalkeeper Thibaut Courtois and are ready to activate the £4.1 million release clause in Pepe Reina's Liverpool contract.
Everton are looking to bolster their defence by signing Montpellier's versatile Benjamin Stambouli. The 23-year-old has been scouted by the Toffees, who are keen to secure a £2 million deal
Manchester United will go toe-to-toe with Juventus over the transfer of Feyenoord wideman Tonny Vilhena. The 19-year-old Netherlands Under-21 international would cost approximately £5 million.
Stoke boss Mark Hughes has his eye on Croatian striker Ivica Olic. The 34-year-old is due to leave Wolfsburg at the end of the season following the expiry of his contract.