Brazil international attacking midfielder Kaka, 30, has been offered to Manchester United on a season-long loan as Real Madrid prepare for the arrival of Luka Modric.
United look set to bolster their ranks with the signing of 23-year-old left-back Alexander Buttner from Vitesse Arnhem.
Manchester City have joined Chelsea in the race to sign Fiorentina's 22-year-old forward Stevan Jovetic.
City will enter the transfer market for a new striker if the knee injury Sergio Aguero suffered in Sunday's victory over Southampton is serious.
Chelsea are likely to sign Victor Moses if they meet Wigan's £9m valuation of the 21-year-old forward.
Striker Michael Owen, 32, is close to joining Everton on a free transfer after being released by Manchester United.
AC Milan will step up their efforts to land 24-year-old Arsenal striker Nicklas Bendtner in a swap deal with centre-back Philippe Mexes, 30.
Tottenham have made a shock move to sign 28-year-old Arsenal striker Marouane Chamakh.
Charlie Adam has been informed that he can leave Liverpool for offers of more than £5m, while fellow midfielder Joe Cole, 30, is also available for transfer.
Sunderland have lodged a £10m bid for Manchester City's 25-year-old midfielder Adam Johnson.
Daniel Agger, 27, is ready to sign a lucrative new deal with Liverpool and snub Manchester City - despite the defender's red card in the opening-day defeat at West Brom.
Arsene Wenger sanctioned the £15m sale of Alex Song to Barcelona after becoming infuriated by the 24-year-old midfielder's performance in pre-season.
Manchester United striker Danny Welbeck, 21, will this week sign a new four-year contract with the Old Trafford club.
West Ham co-owner David Sullivan has revealed the Hammers still owe more than £10m to Sheffield United over the "Carlos Tevez affair".
Fulham manager Martin Jol thinks the transfer window should close before the start of the season to stop the kind of "nonsense" he has had to endure over striker Clint Dempsey's future.
Sunderland boss Martin O'Neill has warned that the club will not be held to ransom in the transfer market - a pointed reference to their pursuit of Wolves striker Steven Fletcher.
Swansea City defender Alan Tate says new manager Michael Laudrup is still the best player in training - even though he is 48 years old.
Manchester City boss Roberto Mancini prepared for the new season with a visit to church on Sunday morning. He was rewarded with a 3-2 victory over Southampton.