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Arsenal are interested in signing Moussa Sissoko but are unwilling to match Newcastle's £35 million asking price. The Gunners value the midfielder at around £20m.
David Moyes is in talks to replace Sam Allardyce as Sunderland manager, with the latter set to be confirmed as England new manager shortly.
Sam Allardyce has seen off competition from Steve Bruce and Jurgen Klinsmann to be appointed England manager, with an annoucement expected in the next few days.
Borussia Dortmund have agreed a €23 million deal with Bayern Munich to re-sign Mario Gotze, who will see his wages slashed from €12m to €8m a season.
Swansea are set to make a move for £15 million-rated Tottenham midfielder Nacer Chadli.
Mauro Icardi's agent, his wife Wanda, is in London on Wednesday to meet Arsenal over a €45-50 million move to the Emirates Stadium, with a contract offer of €6m per season.
Real Madrid have rejected an improved €75 million (£62.7m) bid from Chelsea for Alvaro Morata.
Germany international Mario Gomez, who Fiorentina are willing to let leave for £7 million, has turned down an offer to return to the Bundesliga with Wolfsburg.
Georges-Kevin N’Koudou has passed a medical ahead of completing a £10.8 million move from Marseille to Tottenham, with the deal expected to be announced before the weekend.