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Florentino Pérez has announced a €150 million transfer at Real Madrid. Despite the president's denial, reports indicate that the deal is for Michael Olise of FC Bayern Munich.

Bayer Leverkusen have pulled off a surprise managerial appointment by naming former Toulouse boss Carles Martinez Novell as their new head coach on a two-year contract. The 42-year-old replaces the departing Kasper Hjulmand at the BayArena after the Bundesliga side saw moves for Andoni Iraola and Filipe Luis fall through.

Eintracht Frankfurt forward Can Uzun is attracting attention at home and abroad after breaking through. According to Bild, Galatasaray is leading the chase to secure the highly rated youngster.

Schalke are moving to secure the futures of Loris Karius and Edin Dzeko after the experienced duo played key roles in the club's return to the Bundesliga. The goalkeeper is reportedly close to agreeing fresh terms, while the striker has been offered a new deal but will delay a decision until after his international commitments with Bosnia-Herzegovina.