Brazilian right-back Rafael has agreed to move to Lyon from Manchester United.
Leeds are set to complete the signing of Stuart Dallas from Brentford, according to Sky sources.
Experienced forward Gary Taylor-Fletcher has signed for Leicester on a one-year contract, subject to Football League and FA clearance.
The 32-year-old striker arrives at The King Power Stadium as a free agent after leaving Blackpool at the end of last season.
The former Huddersfield man will wear the number 22 shirt for the Foxes and could face Blackpool on Saturday if the deal is ratified in time by the Football League.
Taylor-Fletcher has played and scored in all four English divisions, including six goals in 32 appearances for Blackpool in the Premier League in 2010/11.