Italian champions Juventus have made a last-ditch bid to snatch Arsenal target, striker Gonzalo Higuain, from Real Madrid.
Crystal Palace manager Ian Holloway is set to pip Celtic in the battle for Portugal Under-20 striker Amido Balde, who seemed set for a £2.5m move to Scotland.
Hull City have opened negotiations with Birmingham for defender Curtis Davies who is rated at £4m, but Jack Hobbs could be used as part-exchange.
Former Chelsea FA Cup winner Gus Poyet is backing Jose Mourinho to repeat the success of his first spell in charge at Stamford Bridge.
Meanwhile, Chelsea's Belgian goalkeeper Thibaut Courtois is staying on loan at Atletico Madrid after claiming returning to the Blues would damage his 2014 World Cup aspirations.
Middlesbrough boss Tony Mowbray is making a move for Bolton's USA defender Tim Ream.
Stuart Pearce is set to win his battle to have the best England U21 players called up for future tournaments - but it could be too late to save his job.
Real Madrid midfielder Luka Modric will snub a £30m move to Chelsea and the chance to play again under Jose Mourinho.
Meanwhile, Madrid star Cristiano Ronaldo is set to sign a new deal despite interest from former club Manchester United.
Stuart Pearce is facing the axe as England U21 boss with Gareth Southgate, Phil Neville and Peter Taylor leading contenders to replace him.
Wales international winger Hal Robson-Kanu, 24, has put Aston Villa and West Brom on alert after admitting he wants to quit Reading.
Former Tottenham and Arsenal defender Sol Campbell, who won 73 caps for England, claims English football is in disarray because young players think they are already world stars who no longer have anything to prove.
Paris Saint Germain captain Thiago Silva has urged Wayne Rooney to quit Manchester United and join the French champions.
Real Madrid's sporting director Zinedine Zidane says his club will have to break the world transfer record - which currently stands at £80m - to land Tottenham's 23-year-old attacker Gareth Bale.
Real Madrid president Florentino Perez claims 28-year-old forward Cristiano Ronaldo, who has been linked with a return to Manchester United, wants to commit his future to the Spanish club.
Manchester United are keen on Monaco midfielder Nampalys Mendy, 20, who will be a free agent in the summer.
Liverpool are closing in on a £5m deal for 20-year-old Sevilla winger Luis Alberto.
Manchester City have a agreed a £400,000 deal with Swedish club Malmo for 15-year-old striker Zacharias Faour.
New Napoli boss Rafael Benitez wants to work with Fernando Torres again - paving the way for Chelsea to move for Edinson Cavani.
Poland striker Robert Lewandowski, 24, could be set for a shock move to the Premier League after Borussia Dortmund refused to sell him to Bayern Munich with Manchester United in the running.
Former Liverpool striker Robbie Fowler says his old club should keep 24-year-old forward Andy Carroll, who has been linked with West Ham, as the squad is short in terms of numbers.
Jose Mourinho, who will be officially unveiled as Chelsea boss for a second time today, did more harm than good to Spanish football during his three years in charge of Real Madrid, according to Barcelona midfielder Andres Iniesta.