AC Milan say they will not be making a bid for Manchester City striker Mario Balotelli.
Manchester United are considering making a £14m move for PSV Eindhoven midfielder Kevin Strootman, with long-term absentee Darren Fletcher's future still uncertain.
Meanwhile, the Old Trafford side are believed to be close to signing highly-rated 18-year-old Crewe forward Nick Powell for a fee of £4m.
Manchester City have been dealt a blow in their bid to sign Arsenal's Robin van Persie, with his father saying the striker will not join another English club.
Fulham are looking at Huddersfield striker Jordan Rhodes as a possible replacement for Clint Dempsey, who only has 12 months left on his Craven Cottage contract.
West Ham are hoping to tie up the signing of Bolton keeper Jussi Jaaskelainen within the next 24 hours.
Polish striker Robert Lewandowski, opening scorer at Euro 2012, is being targeted by Manchester United, according to Poland's coach Franciszek Smuda.
Brendan Rodgers has Nicklas Bendtner, Mohamed Diame and Matt Jarvis in his sights as he looks to begin spending at Liverpool.
EURO 2012 GOSSIP
Discarded Rio Ferdinand admits his international career could be over after being overlooked twice by new boss Roy Hodgson.
Roy Hodgson may take a gamble on John Terry's fitness by playing him against France on Monday, with the Chelsea defender in danger of being sidelined for the entire tournament if his groin and hamstring injuries get worse.
Arsenal striker Robin van Persie is in confident mood ahead of the Netherlands' opening game against Denmark on Saturday.
French frontman Louis Saha says Euro 2012 is a special tournament and must not be spoiled by the spectre of racism.
Arsenal have suffered a blow with the news Bacary Sagna's broken leg will definitely see him miss the start of next season.
Former Birmingham winger Jose Dominguez, who played for Tottenham in the 1990s, is thought to be keen on the vacant manager's post at St Andrews.
The new Juventus home shirt will feature the words "30 on the pitch", in reference to the two titles taken away from them in the past.