Schmeichel has established himself as one of the best keepers in the Premier League and is an option for both Chelsea and Roma if they lose their current No.1s.
Thibaut Courtois’s long-term future at Chelsea is uncertain, while Roma’s Alisson has been linked with a summer transfer, including a move to Stamford Bridge.
Arsenal complete Sokratis deal
Arsenal have completed the signing of Borussia Dortmund and Greece centre-back Sokratis Papastathopoulos.
The Gunners have announced that he has signed a "long-term" deal with the club and becomes Unai Emery's third signing since replacing Arsene Wenger at the Emirates Stadium.
Darmian could make Serie A return
Italy international full-back Matteo Darmian has revealed the "doors are open" for a return to his homeland this summer.
He has fallen out for favour at Manchester United under Jose Mourinho and his future at Old Trafford remains unclear.
Milan complete Reina move
He has signed a two-year deal that will expire in 2020, while Croatia international Ivan Strinic has also arrived at San Siro, having penned a deal that runs until 2021 after his deal with Sampdoria ran out.]
De Vrij and Asamoah arrive at Inter
Inter have completed a double move for Stefan de Vrij and Kwadwo Asamoah, who arrive from Lazio and Juventus respectively.
Both have arrived at San Siro on Bosman deals, having seen their previous contracts expire.
Man Utd chasing Norwegian teenager
Manchester United are stepping up their chase of Norwegian teenager Erling Braut Haaland, reports ESPN FC.
The 17-year-old striker has already become a member of Ole Gunnar Solskjaer's first team at Molde, where he scored four goals against Brann on Sunday.
Barca eye Kante move
New sporting director Eric Abidal wants to sign the French midfielder, and key players like Lionel Messi are supportive of his efforts.
Buffon to finalise PSG move
The 40-year-old has left Juventus at the end of his contract and the goalkeeper is due to sign a two-year deal with PSG.
His arrival at the Parc des Princes is likely to see PSG offload either Alphonse Areola or Kevin Trapp during the summer transfer window.
Ajax want Daley Blind back
Ajax want to sign Daley Blind back from Manchester United, De Telegraaf claims.
The midfielder rose through the Amsterdam side's youth system before joining the Premier League club four years ago, but played just seven games in the top flight last term.
After signing Dusan Tadic from Southampton, the Eredivisie giants hope to bring another star back to Dutch football.
Salah signs new long-term Liverpool contract
Mohamed Salah has signed a new long term contract at Liverpool, which will keep him at Anfield until 2023.
The Egyptian star has been rewarded for his incredible debut season on Merseyside with an improved five-year deal.
Crucially, given widespread reports of interest from Real Madrid, Salah’s new deal contains no release clause, with the 26-year-old and his representatives happy to commit their future to the club.
Kovac hopes Lewandowski stays at Bayern
The 29-year-old has been linked with a move away from the Allianz Arena after his agent said in May that the Poland international "needs a change".
Manchester United and Chelsea have emerged as possible destinations, while Real Madrid were initially reported to be interested.
Swansea flop Sanches could stay at Bayern
Bayern Munich head coach Niko Kovac has suggested that Renato Sanches will stay at the club, despite a torrid time on loan at Swansea City.
Sanches spent the 2017-18 season in the Premier League but saw his stay with the Swans disrupted by injury and a lack of form.
However, Kovac, who has been unveiled as the club's new boss following the departure of interim Jupp Heynckes, believes that Sanches has the tools to be a success in the Bundesliga.
Rabiot in talks with big European clubs
Paris Saint-Germain's Adrien Rabiot is being dangled in front of Manchester City, Man Utd, Juventus and Barcelona, according to French outlet Paris United .
The report claims the player's mother, who is also his agent, has offered her son's services to some of Europe's elite as the midfielder is unsure of his future at Parc des Prince.
It is said that Rabiot will do his best to win over Thomas Tuchel in pre-season, but feels that the German boss intends to play Marco Verratti and Julian Draxler in his preferred area of the pitch.
West Ham make £27m Plea bid
West Ham have made a £27 million ($36m) bid for Nice's Alassane Plea, Sky Sports reports.
Southampton beat West Ham to Marlon
Southampton have won the race to sign Barcelona's Marlon, according to the Mirror.
The Saints have agreed a £10 million ($13m) fee for the defender, who made just two appearances for the Spanish side last season, beating out interest from West Ham for the 22-year-old.
Golovin to follow Sarri to Chelsea
With Sarri set to take over as Blues boss this week, he will begin to push through his own transfer plans, and the midfielder is at the top of his list.
It will cost Chelsea £27 million ($37m) to sign the 22-year-old from CSKA Moscow.
The clubs looking at Lozano
Mexico star Hirving "Chucky" Lozano has been the subject of transfer rumours all summer, and his World Cup form will have boosted his stock even more.
But which clubs are interested and where would he fit best?
Madrid wants to keep Modric
Real Madrid are looking to keep Luka Modric out of Bayern Munich's hands, according to Don Balon .
The Spanish giants are aware that the Bavarian side would like to sign their Croatian star, with Sergio Ramos having warned them not to let him leave.
Wolves join Quintero race
While the Premier League side are hoping to secure the 25-year-old, it will be no easy job.
The playmaker is being courted by both Real Madrid and Tottenham.
Genoa consider Napoli's Ciciretti
Genoa are considering a move for Napoli forward Amato Ciciretti, according to Gianluca Di Marizo .
The 25-year-old spent last season on loan at Serie B side Parma.
New England still chasing Bojan
While the move has not gone through yet, the report claims that the holdups are not money related.
Dallas nearing deal with Brazilian left-back
The 24-year-old is most likely to join FCD on a loan deal that would leave Dallas with the option to buy.
Juventus in sensational Ronaldo swoop
Cristiano Ronaldo could be Juventus bound this summer, according to reports from Tuttosport .
The Real Madrid ace has reportedly rejected the opportunity to remain at the Santiago Bernabeu, where he has snubbed a deal worth €31.5m (£27.9m/$36.9m).
Both Paris Saint-Germain and Manchester United have been linked with the five-time Ballon d'Or winner.
Lazio demand too much for Milinkovic-Savic
Juventus have rejected a counter-offer from Lazio in their pursuit of Sergej Milinkovic-Savic, Tuttosport claims.
The Rome-based side reportedly asked for Rodrigo Bentancur as part of a part-exchange deal in which they also demanded €100 million (£89m/$117m).
Despite the rejection, it is said that talks between the clubs are amicable and hopes are high that a deal can eventually be struck.