Arsenal have targeted £20m-rated Santi Cazorla, 27, as a central playmaker for next term - and are still chasing Rennes midfielder Yann M'Vila, 22, and 17-year-old Caen forward M'Baye Niang.
AC Milan and Real Madrid are set to go head-to-head in a battle to sign Manchester City's 24-year-old defender Micah Richards.
Liverpool have moved a step closer to landing 21-year-old Bologna and Uruguay winger Gaston Ramirez after his agent arrived in England for talks.
Sao Paulo director Adalberto Baptista has said winger Lucas Moura, a target for Manchester United, will not be leaving the Brazilian club this summer.
Another player not destined for the Premier League is Barcelona midfielder Thiago Alcantara, with his father insisting his son will not be leaving the Nou Camp, and hoping he will stay beyond 2015 when his current contract expires.
Chelsea could make their fourth big-money buy of the summer after Marseille revealed that Spanish right-back Cesar Azpilicueta, 22, could leave the club.
Liverpool are likely to reject West Ham's £17m bid for 23-year-old striker Andy Carroll.
Meanwhile Swansea insist they will not definitely sell Joe Allen to the Anfield club even if they meet the £15m release clause in the midfielder's contract.
Manchester United and Arsenal are interested in signing 21-year-old defensive midfielder Victor Wanyama from Celtic.
Bayern Munich chairman Karl-Heinz Rummenigge has rejected reports linking them with Manchester City's 27-year-old midfielder Nigel de Jong.
Brazil star Ganso, 22, is ready to snub interest from Arsenal and AC Milan to stay at Santos - despite failing to agree a new contract.
Everton hope to persuade Dutch international defender John Heitinga to stay at Goodison despite a bid from Turkish club Fenerbahce.
West Brom are monitoring Villarreal's 25-year-old Colombian international defender Cristian Zapata, who is also thought to be a target for Everton.
Aston Villa boss Paul Lambert is considering £6m-rated Ipswich defender Aaron Cresswell after reportedly losing interest in signing Feyenoord's Dutch international Ron Vlaar.
Rangers should today receive membership of the Scottish FA, which will allow them to sign Ian Black on a four-year-old deal, re-sign Andy Little, while Craig Beattie is poised to commit himself to the new club, which is also in talks with Dean Shiels.
Scotland Under-21 midfielder Rhys McCabe has agreed to join Sheffield Wednesday, with the Championship newcomers offering defender Mark Reynolds in exchange to Rangers.
Emmanuel Adebayor's proposed permanent move to Tottenham could be in jeopardy again after the striker allegedly demanded that Manchester City pass the £5m fee straight to him.
Manchester City boss Roberto Mancini says responsibility for transfers lies with Football Director Brian Marwood, and has urged him to make some signings to improve the squad.
Meanwhile, Vincent Kompany snubbed interest from Real Madrid and Barcelona before signing a record-breaking £60m contract with City.
Atletico Madrid will offer young midfielder Oliver Torres a lucrative new contract to fend off interest from Chelsea.
England left-back Ashley Cole has still not been offered a new deal by Chelsea - despite having just one year left on his contract.
Blackburn are ready to take QPR to a tribunal after the club's failed to agree a compensation package for 22-year-old winger Junior Hoilett.
Liverpool captain Steven Gerrard is convinced new boss Brendan Rodgers can guide the club back into the top four this season.
Rangers could finally be awarded Scottish FA membership - but only for one day - to allow them to play Brechin City in Sunday's Ramsdens Cup game while the new club come to an agreement with the Scottish Premier League over media rights and possible future sanctions because of unauthorised players payments.
Contracts will be signed with Sky and ESPN to show 65 matches per season from the Scottish Premier League and Third Division if Rangers newco's Scottish Football Association membership is approved later today.
BT Vision has emerged as a shock potential new broadcaster for the Scottish Premier League.
Robbie Savage says his offer to play for the new Rangers for free in Division Three would only be for games not on a Saturday because of his media commitments.
Jim McInally says Rangers should snub Robbie Savage's offer to play for the new club as the retired midfielder could not compete in Scotland's Division Three, the Peterhead manager quoting former Kilmarnock midfielder Stevie Murray saying of the Welsh international that "he couldn't take a beach ball off me in a telephone box".
Scotland striker Jordan Rhodes is flattered by interest from Celtic but is concentrating on his career with Huddersfield Town and has no thoughts of moving to the Scottish champions.
Scottish duo Kim Little and Iffy Dieke were joined by Welshmen Ryan Giggs, Craig Bellamy, Neil Taylor and Joe Allen in not singing the national anthem when they played for the Great Britain football teams in their opening games at the London Olympics.
Manchester United manager Sir Alex Ferguson and his players took to the catwalk to try out modelling for charity dinner and fashion show in Shanghai.