Goal.com Transfer Talk is your 24/7 source for all the latest rumours in the global transfer market.
Chelsea have finally buckled and decided to pay Filipe Luis's release clause. The Brazilian will join Diego Costa in swapping Atletico Madrid for west London and has already agreed terms on a €25 million move to Stamford Bridge.
Serie A giants Inter have returned to Manchester City with a third offer for Stevan Jovetic. The Montenegro international had an injury-plagued maiden campaign in England, but remains highly regarded in Italy.
Despite having held talks with QPR and Crystal Palace, centre-back Steven Caulker is holding out for a move to Liverpool this summer. The Cardiff defender is available for £8 million and is keen to reunite with Brendan Rodgers.
Liverpool are considering a double swoop for Swansea City duo Ben Davies and Wilfried Bony. The pair had been wanted by Tottenham, who struggled to agree a fee the Welsh outfit, and now look set to miss out to the Reds.
Arsenal boss Arsene Wenger is still on the hunt for a back-up keeper following Lukasz Fabianski's departure and is stepping up his pursuit of Nice and Colombia shot-stopper David Ospina, who is keen on a move to north London.
Chelsea have made a £7 million bid for Paris Saint-Germain midfielder Adrien Rabiot. The 19-year-old, who had a breakout season last term, has rejected a new deal with the French champions and is ready to test himself elsewhere.
Everton have sealed a deal for Colombia defensive midfielder Carlos Sanchez. The Toffees have agreed to meet the €2 million (£1.6m) buy-out clause in his Elche contract, with the 28-year-old signing a four-year deal.
Romelu Lukaku will turn down a move to Tottenham despite publicly expressing his desire to leave Chelsea on a permanent basis. The White Hart Lane outfit had been keen on a £20m deal, but the Belgian wants Champions League football.
Arsenal have made their first move to sign Real Madrid midfielder Sami Khedira by lodging a €30 million (£23.8m) bid for the German, though the former Stuttgart man's wage demands could prove to be a stumbling block.
Arsenal forward Alexis Sanchez is close to completing a move to Arsenal. Both clubs have agreed a fee, while the Chile international’s representatives are in England to finalise terms on a four-year contract.