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Unable to sign players until 2016 following this transfer window, Barcelona are set to rush through a move for Koke and loan him back immediately to Atletico Madrid until next season.
Atletico Madrid are keen to add some more depth to their attack and are keeping tabs on Napoli's Goran Pandev and Bayern Munich winger Xherdan Shaqiri.
Mario Balotelli will have a medical at Liverpool on Friday ahead of completing a £16m move from AC Milan.
Out-of-favor Anderson could return to Portugal to play for Porto. He's not in the plans of Louis van Gaal and the Dragões would be willing to pay 7.5 million for him - 24 million less than the fee Utd paid Porto in 2007 for the Brazilian.
Tottenham are poised to activate the £8 million release clause of Sevilla centre-back Federico Fazio.
Roma have sent a delegation of officials to London to negotiate a deal for either Tottenham defender Vlad Chiriches or Manchester City's Matija Nastasic, with the Serie A side now resigned to losing Mehdi Benatia and eager to secure a replacement.
Barcelona are considering a move for Marco Reus that would see him loaned back to Dortmund for one season.
Southampton will walk away from negotiations for Andros Townsend if Tottenham ask for Morgan Schneiderlin to be included as part of the deal. The Saints are keen on the England winger but will not sacrifice the Frenchman to sign him.
Roma directors Walter Sabatini and Mauro Baldissoni will meet with Manchester United and Arsenal this week to discuess the sale of €37.5m-rated defender Mehdi Benatia, who looks set to leave the Italian capital after rejecting a contract extension.
Cristiano Ronaldo has begged Real Madrid president Florentino Perez not to sell Angel Di Maria to Manchester United following his side's 1-1 draw with Atletico Madrid.