Valencia are neither surprised nor alarmed at reports linking Real Madrid with a summer bid for Jose Gaya.
Crystal Palace have agreed a fee of £4.75m plus add-ons with QPR for midfielder Jordon Mutch, Sky sources understand.
Sheffield Wednesday have secured the services of Rafael Floro on a one-year deal following a successful trial period with the club.
The 19-year-old left-back has impressed during the Owls' pre-season and has now been rewarded with a contract at Hillsborough.
Floro has represented Portugal at Under-18 level.