Arsenal forward Lukas Podolski has denied claims that he was offered in a swap deal for Schalke's Julian Draxler.
Southampton chairman Ralph Krueger has insisted it is too early to discuss the futures of the club's key players.
Liverpool are closing in on the signing of 24-year-old Rasmus Elm according to reports in the Netherlands.
Manager Kenny Dalglish and chief scout Steve Hitchen travelled to Feyenoord on Sunday to see the AZ Alkmaar midfielder play according to Dutch newspaper De Telgraaf.
However Elm didn't play in the game after becoming a father the night before.
It is thought that the midfielder will cost Liverpool around €7million, and the club hope to complete a deal before he heads to Euro 2012 with Sweden in the summer.