Chelsea are growing increasingly confident of signing Manchester United striker Wayne Rooney for £30million.
Arsenal could revive their interest in Real Madrid striker Gonzalo Higuain, 25, who is stalling on a switch to Italy with Napoli because he is keen on a move to London.
Liverpool and Tottenham have been told it will cost them £25million to land Valencia striker Roberto Soldado, while Spurs are also keen on Wigan midfielder James McCarthy but are unwilling to meet the £20million asking price.
Stoke boss Mark Hughes has made a last-ditch move for Benfica striker Nelson Oliveira, 21, with Cardiff also interested.
Swansea will make a £7million swoop for Mexican defender Hector Moreno with Ashley Williams expected to join Arsenal.
Reading boss Nigel Adkins is set to raid former club Southampton for striker Rickie Lambert.
Sheffield Wednesday are closing in on free agent Gary Taylor-Fletcher, 32, who has left Blackpool.
Liverpool boss Brendan Rodgers will spend the next 48 hours trying to convince Luis Suarez that his future remains on Merseyside.
Left-back Ryan Bertrand, 23, sees his long-term future at Chelsea despite interest from Liverpool.
Dutch midfielder Kemy Agustien, 26, is closing on a move from Swansea to Brighton, while striker Leroy Lita is set to join Sheffield Wednesday.
Blackburn's French defender Gael Givet, 31, is set to join Italian side Livorno on a free transfer.
Liverpool have entered the race to sign Tottenham's top transfer target - Valencia striker Roberto Soldado who will cost around £22million.
Manchester City are ready to take their summer spending beyond £110million with a £22million bid for 30-year-old Real Madrid defender Pepe.
Newcastle have launched a £15m-plus bid for two more French players - Lyon striker Bafetimbi Gomis and Marseilles winger Andre-Pierre Gignac.
German side Hamburg are set to make a £6million bid for 27-year-old Everton striker Nikica Jelavic.
Stoke are discussing a season-long loan deal for 21-year-old Benfica striker Nelson Oliveira.
Southampton have revived their interest in Roma striker Pablo Osvaldo, but fear a bid from Inter Milan for midfielder Gaston Ramirez.
Nottingham Forest have launched a £1.5million move for QPR's Jamie Mackie but have been told a similar bid for Celtic defender Kelvin Wilson is not enough.
West Ham are interested in bringing Tottenham midfielder Scott Parker, 32, back to Upton Park if their wage bill allows it.
Liverpool striker Luis Suarez, 26, is waiting to see if Arsenal will bid over £40million for his services.
Didier Drogba is set to return to Chelsea next summer as a player-coach.
Australian striker Scott McDonald, 29, is set to join Millwall after quitting Middlesbrough.
Striker Luis Suarez is set to discuss his future with Liverpool boss Brendan Rodgers within the next 24 hours as he arrives in Melbourne to join their pre-season tour.
Tottenham have been set a deadline of August 3 to sign Valencia striker Roberto Soldado or risk having to pay the Spanish side an extra £5million.
Fulham are in talks with French side Evian about midfielder Mohammed Rabiu.