Manchester City are ready to launch a bid for Everton's Jack Rodwell, but Manchester United and Chelsea are also interested in the 21-year-old midfielder.
Roberto di Matteo has dismissed speculation that Daniel Sturridge, 22, could be leaving Chelsea.
Stoke City's bid to sign Michael Owen appears to be faltering with the club and the 32-year-old former England striker a long way from agreeing terms.
Manchester United and Chelsea have missed out on Argentine Lucas Ocampos, 18, who will join AS Monaco from River Plate.
Stoke City want to buy 32-year-old Aston Villa defender Richard Dunne for £3m.
Liverpool are still interested in signing Arsenal's England winger Theo Walcott, 23, with Brendan Rodgers keen to add pace and width to his squad.
Meanwhile, the Reds will offer midfielder Charlie Adam, 26, to Fulham as part of their transfer package to bring in 29-year-old Clint Dempsey.
QPR want experienced defender William Gallas, who has been told he can leave Spurs.
But Rangers will not be loaning out midfielder Joey Barton, with Blackpool turning down the chance to sign the 29-year-old for a season.
Newcastle United are monitoring PSV Eindhoven striker Ola Toivonen. The Sweden forward, 26, is valued at £8m.
West Ham have been alerted by the news that contract talks have collapsed between Sporting Lisbon and midfielder Adrien Silva, 23, whom they hope to sign for around £2m.
Manchester City chairman Khaldoon Al Mubarak wants peace talks between manager Roberto Mancini and football administrator Brian Marwood after Mancini's public disquiet over City's transfer policy.
Andre Villas-Boas is prepared to put his faith in 19-year-old striker Harry Kane for Tottenham's opening Premier League game after failing to bring in Emmanuel Adebayor and Leandro Damiao.
Carlos Tevez has stunned Manchester City's coaching staff by returning to training more than a stone lighter than last season.
Swansea City manager Michael Laudrup has claimed his club cannot afford to buy young British players as they are being priced too high.
Emanuele Pesoli of Italian side Verona has gone on hunger strike and chained himself to the gates of the Italian FA's headquarters in protest against his three-year ban for match-fixing.