Manchester City have agreed a deal to sign Shakhtar Donetsk's Brazilian midfielder Fernandinho, 28, after reaching a compromise on his buy-out clause of £42.5m.
Manchester United have increased their efforts to sign Real Madrid forward Cristiano Ronaldo, 28, and they are prepared to offer £65m plus a player to prise him from the Spanish club.
Tottenham have offered 30-year-old England striker Jermain Defoe plus cash to Aston Villa in exchange for Christian Benteke, 22. Spurs face competition from Atletico Madrid, who are ready to bid £25m for the Belgium forward.
New Chelsea boss Jose Mourinho hopes to hijack Arsenal's £23m move for Fiorentina's Montenegro striker Stevan Jovetic, 23.
Mourinho has made Manchester City forward Edin Dzeko, 27, his top transfer target at Chelsea.
And Mourinho faces a fight to persuade Romelu Lukaku, 20, to stay at the club, with the Belgian striker believed to favour another loan deal next season in order improve his chances of making the 2014 World Cup.
Manchester United defender Patrice Evra, 32, is poised to join his former club Monaco - paving the way for Leighton Baines to move from Everton to Old Trafford.
Monaco will offer John Terry, 32, a tax-free salary of around £150,000 a week in an effort to persuade the Chelsea defender to leave Stamford Bridge this summer.
Bayern Munich want Liverpool striker Luis Suarez, 26, and are prepared to offer winger Arjen Robben, 29, as part of a swap deal.
Arsenal defender Laurent Koscielny, 27, a £15m summer target for Bayern Munich, admits he could leave the Gunners if they fail to show ambition in the transfer market.
Wigan chairman Dave Whelan says he would let Latics players join manager Roberto Martinez at Everton, with midfielders James McCarthy and Callum McManaman, both 22, the Toffees' targets.
France international midfielder Etienne Capoue, 24, has admitted he will be looking to leave Toulouse this summer, with Arsenal and Tottenham both interested.
Andy Carroll, 24, wants a pay rise to take his wages to £100,000-a-week to complete his £15.5m move from Liverpool for West Ham.
Liverpool hope to keep Denmark defender Daniel Agger, 28, at Anfield despite interest from big-spending Monaco.
Manchester City are lining up a £21m bid for Real Madrid defender Pepe, 30.
Real Madrid forward Cristiano Ronaldo, 28, has fuelled speculation he could leave the Spanish capital this summer by putting his stunning villa up for sale.
GLOBAL GOSSIP (sourced by BBC Monitoring)
Bayern Munich striker Mario Gomez, 27, is on the verge of a move to Napoli, but incoming coach Rafael Benitez would reportedly prefer to sign Manchester City's Edin Dzeko, 27.
Corinthians' Brazilian midfielder Paulinho, 24, has spoken of his dream of playing for Inter Milan in an interview with Italian media.
Former France national coach Laurent Blanc, 47, is in discussions with Roma over a two-year contract, although Paris St-Germain are also said to be interested.
Hull City are facing a fight to keep hold of manager Steve Bruce, 52, after Wigan Athletic made an approach for the former Latics boss.
Liverpool fear captain Steven Gerrard, 33, could be out for longer than expected following shoulder surgery and he is facing a race against time to be fit for the start of next season.
Stuart Pearce will open talks with the Football Association this month after stating a desire to stay on as England Under-21 head coach.
Former Chelsea FA Cup winner Ruud Gullit, 50, believes Jose Mourinho's return to Stamford Bridge will be a big mistake.
Norway's Under-21 squad, who play England on Saturday, tried to get an upgrade on their flight to the European Championship by singing to their Turkish air hostesses. It did not work.