Chelsea are ready to make a £35m move for Real Madrid striker Gonzalo Higuain, 24. Real could be willing to do business because coach Jose Mourinho wants Manchester City striker Sergio Aguero, 23, at the Bernabeu next season.
Manchester City plan to snatch Lille star Eden Hazard, 21, from under Manchester United's nose.
Owen Hargreaves, 31, will not be offered a new deal by Manchester City at the end of the season, a decision that casts doubt over the midfielder's long-term future in the game in light of the injuries that have disrupted his career.
Arsenal are reported to be in "advanced negotiations" with French club Rennes over the signature of midfielder Yann M'Vila. It is thought the 21-year-old French international, who has been capped 18 times by his country, could cost around £22m.
AC Milan are hoping to lure Chelsea attacker Salomon Kalou, 26, to the San Siro this summer. The Ivorian has spent most of his six seasons in west London on the fringes but has become an integral part of the side since Roberto di Matteo took temporary charge.
Tottenham have joined Liverpool in the race to sign Udinese's 25-year-old Colombian defender Pablo Armero, according to reports coming out of Italy.
Everton boss David Moyes is ready to snap up Wigan's Senegal midfielder Mohamed Diame on a free transfer in the summer, but he could face competition from Newcastle. The 24-year-old's contract expires at the end of the season.
Sunderland are hoping they can entice Blackburn winger Junior Hoilett to stay in the Premier League if Rovers are relegated next month. But the Black Cats face stiff competition from Champions League finalists Bayern Munich and French club Marseille to land the 21-year-old forward.
Borussia Dortmund have given Manchester United and Chelsea target Shinji Kagawa, 23, until the end of the month to commit his future to the club. The Japan international midfielder is out of contract in the summer of 2013.
Chelsea owner Roman Abramovich will open his chequebook in a bid to persuade Pep Guardiola to postpone a sabbatical and manage at Stamford Bridge. Guardiola, 41, is poised to confirm on Friday that he will be leaving Spanish giants Barcelona.
Chelsea players want Abramovich to give Roberto di Matteo the manager's job permanently after the Italian led the team to the finals of the FA Cup and the Champions League during his brief tenure as caretaker boss.
Aston Villa could turn to Norwich manager Paul Lambert if they sack their own boss Alex McLeish at the end of the season.
Full-back Ian Harte will sign a new contract with Championship winners Reading. The former Leeds man was named in the PFA Championship team of the year and has played a crucial role in the title triumph, chipping in with four goals in 33 games.
Liverpool manager Kenny Dalglish says he will have no problem welcoming Alberto Aquilani back to Anfield if AC Milan decide against signing him permanently. The Italian midfielder is coming to the end of a season-long loan at the San Siro.
Former England boss Fabio Capello hopes to land a job in the Premier League and insists he has no intention of retiring. With possible vacancies at Chelsea and Tottenham at the end of the season, the 65-year-old Italian told reporters he is in love with London.
Bolton midfielder Fabrice Muamba has been invited to the FA Cup final as a VIP guest following his remarkable recovery from an on-pitch cardiac arrest. The 24-year-old collapsed during the Trotters' FA Cup quarter-final against Tottenham in March and was "dead for 78 minutes" but is now out of hospital.
The Dalai Lama is to visit League Two side Aldershot's EBB Stadium in June. The spiritual leader of Tibet will visit two other venues during his eight-day tour of Britain - the Royal Albert Hall in London and the Manchester Arena.