Arsenal plan to make three club record breaking bids this week for Real Madrid striker Gonzalo Higuain, 25, Borussia Dortmund midfielder Ilkay Gundogan, 22, and Bayer Leverkusen midfielder Lars Bender, 24.
Real Madrid winger Cristiano Ronaldo, 28, refuses to rule out signing a new deal with the Spanish club, amid speculation he will rejoin Manchester United this summer.
Manchester City will make a £30m bid for Real Madrid winger Angel Di Maria, 25.
Tottenham are vying with Borussia Dortmund to sign Brazil and Atletico Mineiro winger Bernard, 20, and are interested in Fulham wide man Alex Kacaniklic, 21.
West Ham are considering whether to make a £12m move for Vitesse Arnhem striker Wilfried Bony, 24, as doubts persist about their move for Liverpool's Andy Carroll, who spent last season on loan at Upton Park.
Newcastle are not prepared to offer more than £10m for their former striker Carroll. The 24-year-old is currently considering a £15m permanent move to West Ham.
Newcastle may end up selling striker Papiss Cisse, 28, as he has informed the club he does not want to wear a loan company's branding on the club's shirts next season because of his beliefs as a Muslim.
Chelsea hold an advantage in the race to sign Porto defender Eliaquim Mangala, 22, as Manchester United manager David Moyes - who is interested in the player - is currently on holiday.
Chelsea manager Jose Mourinho plans to sell striker Demba Ba, 28 after just five months at Stamford Bridge.
And Mourinho is planning to sign strikers Edinson Cavani, 26, from Napoli and Hulk, 26, from Zenit St Petersburg for a total of £90m.
But the Portuguese is targeting Bayern Munich forward Mario Gomez, 27, as a possible alternative to Cavani.
Chelsea may also move for Real Madrid midfielder Xabi Alonso, 31, who has yet to agree a contract extension with the Spanish club.
Playmaker Stephane Sessegnon, 29, wants to leave Sunderland. The Benin international has been valued at £8m by his club, with Champions League qualifiers Marseille said to be interested in buying him.
New Everton manager Roberto Martinez is considering a £10m move for Chelsea forward Victor Moses, who used to play for him at Wigan.
Striker Kevin Davies looks set to join Sheffield Wednesday but is also being watched by Sunderland, Hull, Blackpool and Wolves.
Chelsea's plan to relocate to a 60,000-seat stadium in Earl's Court could be back on after they were invited to bid for a 17-acre plot in the area that is scheduled to be put up for sale at the end of this year.
Former Manchester City manager Roberto Mancini has bought a home in London as he wants to get another job in the Premier League.
QPR midfielder Joey Barton, 30 says he wants to be a top coach when he retires from playing.
Striker Mario Balotelli kicked out at water bottles, before punching and lashing out at a wall following his red card in Italy's 0-0 draw with Czech Republic.