Real Madrid will announce the signings of Gareth Bale and Isco in July. They will pay €30 million for the young Malaga striker and €80 million for the Tottenham star.

Barcelona remain interested in Borussia Monchengladbach goalkeeper Marc-Andre Ter Stegen as they are preparing for life after Victor Valdes, who will leave the club once his contract runs out in 2014.

Real Madrid could wait until early July before announcing the arrival of Carlo Ancelotti as a cash-saving plan.

Fabio Capello will sign a one-year contract with PSG. His son was in Paris to negotiate his contract on Tuesday.

Juventus are to offer Fiorentina money plus Luca Morrone and Manolo Gabbiadini for Stevan Jovetic.

PSG have had a meeting with the representative of Mamadou Sakho about a contract extension for the centre-back.

Milan are desperately seeking for money to buy Carlos Tevez and Alessandro Diamanti and vice-president Adriano Galliani has spoken to Monaco about selling them Stephan El Shaarawy and Kevin-Prince Boateng to raise funds.

Barcelona attacker Thiago Alcantara wants more time on the pitch and will leave the Catalans. Bayern Munich are interested in him as his fee is only €18 million, despite his hat-trick for Spain U21s in the European Championship final.

Highly-rated right-back Guilio Donati, 23, has signed for Bayer Leverkusen from Inter for a fee of €3 million.

Barcelona are targeting a €35 million (£30m) move for Chelsea midfielder Juan Mata.