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Tottenham are keen to bring Manchester United striker Danny Welbeck to White Hart Lane in a loan deal but have ended their interest in Barcelona midfielder Alex Song.
Florentino Perez wants to sign Germany attacker Marco Reus but is prepared to wait until next summer to do so. Real Madrid believe they can land him for an outlay of just €23m because Dortmund are still due them money for Nuri Sahin.
Chelsea have accepted a €12.5 million bid from AC Milan for Fernando Torres but are set to bank only €5m after giving the 30-year-old a €7.5m pay-off to make the move.
Manchester United will force Javier Hernandez to move to Juventus in order to finally seal a deal for Arturo Vidal.
Manchester United striker Danny Welbeck is keen on a loan move to Tottenham. There are several clubs pursuing the England international but he favours a switch to Spurs.
Chelsea are facing a race against time to sign Mattia Destro with the Blues wanting the Roma striker to replace Fernando Torres. However, the Serie A side are in no rush to sell following the departure of Mehdi Benatia.
Newcastle defender Mapou Yanga-Mbiwa has agreed to move to Marseille on loan with an option to make the move permanent with the Magpies willing to allow him to leave.
Manchester United have accepted an €10m bid for midfielder Tom Cleverley from Aston Villa. Paul Lambert is hoping to sign Cleverley before Monday, despite interest from Hull City.
Sunderland have made a bid for Atletico Madrid defender Toby Alderweireld. However, the defender is reluctant to join the Black Cats due to a lack of European football.
Atletico Madrid are set to make a late move for Fernando Torres and hope to beat AC Milan to the Chelsea striker's signature.