Manchester United are working on a £55m deal to bring winger Cristiano Ronaldo, 28, back to Old Trafford from Real Madrid.
Real Madrid want to sign Manchester United goalkeeper David de Gea, 22, as their long-term replacement for Spanish international Iker Casillas, 31.
Chelsea have already lined up a £1.7m deal to sign Chilean teenager Cristian Cuevas. The winger, 17, currently plays for O'Higgins in the Chilean Primera Division.
Liverpool will send scouts to watch Celtic defender Efe Ambrose, 24, after he impressed Reds manager Brendan Rodgers with his performances in the Africa Cup of Nations for winners Nigeria.
Arsenal want to sign Chelsea midfielder Nathaniel Chalobah, 18, who has been instrumental in Watford's promotion push to the Premier League.
Arsenal right-back Bacary Sagna, 30, looks set to leave this summer - he is reportedly disappointed to have been offered only a one-year contract extension with the Gunners.
Manchester United winger Nani, 26, is likely to leave the club this summer. Arsenal may renew their interest in the player.
Former England striker Michael Owen, 33, is battling to save his Stoke City career after suffering another injury setback.
Arsenal could turn to Swansea manager Michael Laudrup if Arsene Wenger leaves Emirates Stadium, says Gunners legend Ian Wright. But the former England striker insists the Frenchman deserves more time to bring honours back to the north London club.
Michael Laudrup will wait until next week to consider his future, as he focuses on Sunday's Capital One Cup Final. The Swansea manager is Real Madrid supporters' choice to replace Jose Mourinho as manager in the summer.
West Ham co-owner David Gold has told former Swindon boss Paolo Di Canio there is no job for him at Upton Park. He insisted they intend to open talks with current manager Sam Allardyce over a new deal.
Swindon Town have been forced to change the locks at the County Ground after former manager Paolo Di Canio went into the manager's office at night and tore down photos of his successful reign at the club.
Bradford's joint chairman Mark Lawn is set to offer manager Phil Parkinson a bumper new deal once the Capital One Cup final has been played.
GLOBAL GOSSIP (sourced by BBC monitoring)
Malaga boss Manuel Pellegrini has met with Manchester City directors who want the Chilean, 59, to replace current manager Roberto Mancini in the summer.
Barcelona president Sandro Rosell has announced plans to stage a match to promote peace in the Middle East against a team of Israeli and Palestinian players.
Real Madrid forward Alvaro Morata, 20, may be targeted by local rivals Atletico Madrid as a possible replacement for Radamel Falcao or Adrian Lopez. Both Colombian forward Falcao and Spain striker Lopez could leave in the summer.
The French media are expecting a battle of biblical proportions when David Beckham faces Joey Barton in his Paris Saint-Germain debut on Sunday. France Football magazine have mocked-up a picture of "angel" Beckham being confronted by "demon" Barton.