Real Madrid have announced an agreement to sign highly-rated teenage defender Jesus Vallejo from Real Zaragoza.
Aston Villa have continued their spending spree after securing the services of Rudy Gestede from Blackburn on a five-year contract.
QPR manager Harry Redknapp has confirmed that Spurs have accepted their bid for Scott Parker.
But the midfielder is yet to agree to the move, with Fulham still believed to be in the race to sign the England international.
Rangers boss Redknapp said: "It's down to Scott now. The chairman has agreed a deal with Tottenham. It's up to Scotty now.
"Hopefully Scotty will feel the same and come here. We feel this is a club progressing and we'd love him to be part of it here."