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Paris St-Germain will attempt to convince Tottenham manager Andre Villas-Boas to become their new boss by making an £85m bid for 23-year-old Spurs star Gareth Bale and also trying to sign Chelsea defender David Luiz, 26.
Chelsea, Manchester City and Manchester United are set to miss out on 24-year-old forward Robert Lewandowski, who will wait for his contract at Borussia Dortmund to run out next summer in order to move to his preferred destination of Bayern Munich.
Arsenal are set to beat Juventus to the signing of Real Madrid striker Gonzalo Higuain with a £25.5m offer. But the 25-year-old Argentine's future is not likely to be decided until a new manager is installed at the Bernabeu.
Real Madrid-linked Luis Suarez has reiterated his desire to leave Liverpool, saying the fact the Reds are neither in the Champions League nor challenging for the top-flight title "disturbs" him.
AC Milan hope to sell Brazil forward Robinho, 29, to Santos this week in order to fund a move for Manchester City's Argentina striker Carlos Tevez, 29, who is also wanted by Juventus.
Barcelona are set to make a £9.5m move for Arsenal centre-back Laurent Koscielny, 27, after giving up on Manchester City's Vincent Kompany, Paris St-Germain's Thiago Silva and Chelsea's David Luiz.
Arsenal want to sign Manchester United winger Nani, who has a year left on his contract at Old Trafford. The Portuguese, 26, has also been linked with Galatasaray and Monaco.
Southampton have offered £7.6m for Valencia's Argentina midfielder Ever Banega, 24, and are also set to move for Celtic striker Gary Hooper, 25.
Aston Villa are closing on a £1.5m deal for Sevilla's Spanish left-back Antonio Luna, 22.
West Ham have renewed their interest in Bordeaux's Senegal midfielder Ludovic Sane, 26. The Hammers considered a move for him back in January.
Inter Milan president Massimo Moratti claims Tottenham are interested in 26-year-old Colombian midfielder Fredy Guarin.
Newcastle are on the verge of a deal for Metz's France Under-19 striker Olivier Kemen, 17.
Portuguese forward Bebe, 22, is targeting a move to Sporting Lisbon after conceding he needs to leave Manchester United.
Montpellier are targeting French striker Djibril Cisse, 31, who will return to QPR after a loan spell at Qatari club Al Gharafa at the end of this month.
Real Madrid midfielder Kaka, 31, could be on his way to former club Corinthians as he looks to boost his chances of featuring for Brazil at the World Cup.
Aston Villa are making moves to bring in Sevilla left-back Antonio Luna, 22, and Aalborg BK forward Nicklas Helenius, 22.
Premier League newcomers Hull have joined Newcastle in the race to sign Aston Villa striker Darren Bent.
Paris St-Germain have stepped up their interest in Tottenham manager Andre Villas-Boas by making contact with the Portuguese's agent.
Chelsea manager Jose Mourinho will tell the club's players that they either abide by his rules or face an exit from Stamford Bridge.
Barcelona defender Gerard Pique says Mourinho felt "inferior" to Barcelona during the Portuguese's time as Real Madrid manager.
Manchester United defender Rio Ferdinand says winning the title under new manager David Moyes in his first season in charge would be "special".
GLOBAL GOSSIP (sourced by BBC Monitoring)
Paris St-Germain hope Andre Villas-Boas will convince Gareth Bale, 23, to join him in the French capital.
Alternatively, Real Madrid general manager Jose Angel Sanchez has met the owners of Paris St-Germain to finalise a deal to sign Carlo Ancelotti as coach.
Marseille's Ghana winger Andre Ayew, 23, has told French TV of his desire to play in the Premier League and of his fondness for Liverpool.
Paris St-Germain have agreed a five-year deal with Lille full-back Lucas Digne, 19.
Mario Balotelli, 22, has promised there will be no repeat of the yellow card he was given for removing his shirt after scoring Italy's winner against Mexico in the Confederations Cup.