Arsenal will not sell Robin van Persie, 29, for less than £20m and will demand an extra £5m if Manchester United make an offer for the striker.
Dutchman Van Persie has been offered the same £220,000-a-week contract as the current top earner Wayne Rooney to make the move to Old Trafford.
Manchester United's pursuit of Lucas Moura is over after the 19-year-old Brazilian attacking midfielder agreed a four-and-a-half year deal with French side Paris Saint Germain.
Athletic Bilbao striker Fernando Llorente has turned down a new contract, putting Chelsea and Liverpool on alert for the 27-year-old.
Aston Villa have offered a three-year deal to Italian defender Simone Farina. The 30-year-old has impressed Villa manager Paul Lambert while playing for Serie B side Gubbio.
Birmingham City will not be signing 28-year-old former midfielder Darren Carter, 28, who is a free agent, after an unsuccessful trial.
Tottenham are being linked with a move for 24-year-old Partizan Belgrade midfielder Mohamed Kamara.
Blackburn manager Steve Kean says he is close to securing a loan deal for Turkey international striker Colin Kazim-Richards, 25, currently with Galatasaray.
Sheffield United want to sign Blackburn striker Nick Blackman, 22.
Manchester United are on the verge of being announced as the most valuable sports team in the world with shares in the club going on sale on the New York Stock Exchange.
An ankle injury could rule Southampton midfielder Jack Cork, 23, out of his club's Premier League opener against Manchester City.
Chelsea manager Roberto Di Matteo is expected to name young Brazilian attacker Lucas Piazon in the club's 25-man Premier League list. The 18-year-old impressed during the pre-season tour to the United States.
A Finnish band have released a musical tribute to former Liverpool captain Sami Hyypia, 38.