Manchester City have been told they would be wasting their time making a double bid for AC Milan pair Zlatan Ibrahimovic, 30, and Thiago Silva, 27, with neither likely to be allowed to leave the San Siro in the summer.
Newcastle are close to their first signing of the summer with Stade de Reims midfielder Romain Amalfitano, 22, arriving on Tyneside to put the finishing touches on a three-year deal.
Arsenal have switched their attention to Toulouse captain Etienne Capoue, 23, as a cheaper alternative to Rennes' 21-year-old Yann M'Vila as the club step up their efforts to sign a holding midfielder for next season.
Manchester United have opened talks with Everton over a £12m move for full-back Leighton Baines.
And United are hoping to take advantage of Rayo Vallecano's financial problems after targeting Michu, 26, the highest-scoring midfielder in Spain last season, who could move to the Premier League for as little as £3m this summer.
Meanwhile, United risk being priced out of the race for Borussia Dortmund and Poland striker Robert Lewandowski, with the 23-year-old's value likely to rocket beyond his current valuation of £18m if he enjoys a successful Euro 2012.
Full story: Daily Express
One player who could be one his way out of Old Trafford is Anderson with Manchester United open to offers for the injury-plagued 24-year-old midfielder.
Full story: the Times
The latest instalment in Eden Hazard's protracted exit from Lille is due after Belgium's friendly against England on Saturday 2 June when the 21-year-old playmaker says that he will announce which club he has decided to join: Manchester City, Manchester United or Chelsea.
Full story: Daily Telegraph
Arsenal will offload seven stars, including Nicklas Bendtner, Denilson, Sebastien Squillaci and Johan Djourou, to free up cash to bid for Blackburn's 21-year-old winger Junior Hoilett.
Borussia Dortmund have asked about the availability of Nicklas Bendtner after the 24-year-old striker completed his loan spell at Sunderland.
England striker Jermain Defoe admits he is heading into Euro 2012 considering his future at Tottenham.
Marseille striker Loic Remy, 25, has said that he still wants a move to Tottenham despite the club's failure to qualify for the Champions League next season, but he wants Harry Redknapp to remain in charge at White Hart Lane if he is to sign.
Dynamo Kiev have opened talks over a double move for Tottenham's Niko Kranjcar and Vedran Corluka, which could be worth up to £10m.
Wolves winger Matt Jarvis, 25, is a shock £5m target for Udinese.
Stoke striker Cameron Jerome has snubbed an offer from Wolves to step down to the Championship and help their promotion battle.
Louis van Gaal has emerged as a leading contender to be Liverpool's sporting director. The Dutchman has made his interest in the role known, having been out of work since being dismissed as coach of Bayern Munich in April last year.
Van Gaal would be expected to work with the new team manager when Liverpool appoint a replacement for Kenny Dalglish.
Roy Keane has questioned whether new England coach and former Old Trafford team-mate Gary Neville has the right credentials for the job.
Real Madrid forward Cristiano Ronaldo has questioned England boss Roy Hodgson's decision to leave his former Manchester United team-mate Rio Ferdinand out of his squad for Euro 2012. "Rio is still the best centre-back in England and still one of the best in the world," he said.
Hodgson is facing a battle with former club Fulham over the future of academy director Ray Lewington. The Cottagers are demanding compensation in excess of £1m if Lewington is to join the England set-up on a permanent basis after Euro 2012.
West Ham co-chairman David Gold has played down hopes Joe Cole could make a "romantic" return to Upton Park this summer.
Rangers defender Chris Hegarty has said that he will forego his wages this summer if it means tying down a permanent deal at Ibrox. The financially stricken Glasgow club may not be able to extend the 19-year-old's contract as they are currently in administration.
Full story: Daily Record
England manger Roy Hodgson may have as few as 13 outfield players to work with in his first training session ahead of Euro 2012, with Chelsea's Champions League winners given an extra week off and injury concerns over the likes of Scott Parker and Danny Welbeck.
Chelsea's Champions League triumph was foretold by former manager Andre Villas-Boas in his final days in charge at Stamford Bridge - despite the Blues trailing Napoli 3-1 after the first leg of their last-16 tie at the time.
Some Bayern Munich fans believe that their team's chances of lifting the European Cup were ruined by Ukrainian defender Anatoliy Tymoschuk touching the trophy on his way out of the dressing room at the Allianz Arena.