For updated transfer news and gossip throughout the day, read our breaking news service Sportsday Live.
With Manchester United set to sign Arsenal skipper Robin van Persie, Old Trafford striker Javier Hernandez, 24, could move the other way.
Midfielder Luka Modric, 26, is expected to travel to Spain within the next 48 hours for a medical and to agree personal terms with Real Madrid after Jose Mourinho's side offered a package that guaranteed Tottenham close to £35m.
Sunderland have opened talks with free agent Louis Saha, 34, as negotiations continue with Wolves over 25-year-old striker Steven Fletcher.
Chelsea defender Sam Hutchinson, 23, is wanted on loan by Nottingham Forest.
Arsenal have expressed a willingness to sell 24-year-old midfielder Alex Song, but the club are yet to agree a fee with Barcelona.
QPR, Aston Villa and Sunderland are all interested in signing Tottenham and England striker Jermain Defoe, 29.
Blackburn have rejected a £500,000 bid from Norwich for 27-year-old goalkeeper Mark Bunn.
Everton are preparing a move for Liverpool midfielder Charlie Adam, 26, who will be allowed to leave Anfield for £5m.
The Scotland international could be replaced by Real Madrid midfielder Nuri Sahin after Liverpool moved ahead of Arsenal in the race to secure a loan deal for the 23-year-old.
Everton's move for Olympiacos striker Kevin Mirallas has advanced to the stage where manager David Moyes has opened talks with the 24-year-old's club.
Swansea have lined up Valencia winger Pablo Hernandez, 27, as a potential replacement for Scott Sinclair if the 23-year-old is sold.
Liverpool owner John W Henry says Liverpool are still paying the price of the previous failed ownership regime.
Former Arsenal midfielder Ray Parlour believes the sale of Robin van Persie, 29, shows Arsenal can no longer compete with the biggest clubs.
Midfielder Dan Gosling, 22, is on standby to start Newcastle's Premier League opener against Tottenham as first-choice pair Yohan Cabaye and Cheikh Tiote are struggling to be match fit.
AC Milan have signed a 10-year-old girl from East Dunbartonshire after she impressed scouts while on a family holiday in La Manga.