Liverpool striker Luis Suarez has trebled his wages after signing a new four-year deal, but the Reds face a battle to sign Peru winger Manuel Vargas who insists he is happy at Fiorentina.
Spurs chairman Daniel Levy will have crunch talks with Real Madrid over the future of Luka Modric, with the Spanish side refusing to meet the £32m asking price.
Everton, Newcastle and Spurs could miss out on Getafe's Abdel Barrada after Italian side Udinese put in a £7m bid.
Manchester City and Arsenal are both eyeing Anderlecht midfielder Cheikhou Kouyate, 22, who has impressed at the Olympics with Senegal.
Chelsea are closing on a £9m move for Wigan striker Victor Moses, while the Latics are lining up a move for Stoke winger Jermaine Pennant.
Manchester City have made a surprise £8m bid for Swansea winger Scott Sinclair.
Real Madrid will not pay over £30m for Spurs playmaker Luka Modric.
Chelsea's hopes of signing Brazilian striker Hulk from Porto are receding after Zenit St Petersburg made a £40m offer, plus Bruno Alves, for the 26-year-old.
Liverpool and Arsenal are battling it out to sign Real Madrid midfielder Nuri Sahin.
Bolton's Nigel Reo-Coker could move to Italy's Serie A after a move to Fulham collapsed.
Arsenal are considering a move for Celtic's South Korean midfielder Ki Sung-Yeung after the 23-year-old impressed the club's scouts.
Chelsea are considering using Gael Kakuta as bait in their attempt to sign highly-rated defender Cesar Azpilicueta, 22, from Marseille.
Roberto Martinez has told Victor Moses that he will be staying at Wigan unless Chelsea increase their offer for the 21-year-old to £10m.
Manchester City face competition from Liverpool, Spurs and Manchester United in their bid to sign Swansea winger Scott Sinclair.
QPR and West Ham want to sign Sunderland's Kieran Richardson who wants a return to London.
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