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Chelsea are open to the idea of swapping Oscar for Real Madrid's Luka Modric according to Fifa agent Francis Gallardo.
Chelsea are ready to pull out of the race to sign Southampton defender Luke Shaw, leaving Manchester United as favourites for his signature.
Reports suggest the Manchester City player's agent has claimed that the Serie A side have no been in contact with the Spanish midfielder over a move to San Siro.
Atletico Madrid are keen to sign Pepe Reina should goalkeeper Thibaut Courtois return to Chelsea in the summer.
West Ham manager Sam Allardyce is keen on landing Sunderland winger Emanuele Giaccherini, who wishes to stay in the Premier League rather than return to Italy should the Black Cats be relegated.
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.
West Ham are ready to resurrect their pursuit of Joleon Lescott after the Manchester City defender rejected a move to Upton Park in January, with the 31-year-old now resigned to leaving City and willing to take a pay-cut.
Tottenham head coach Tim Sherwood is under increased pressure from the club's heirarchy to play record signing Erik Lamela before the end of the season, despite the manager claiming he would not play again this term.