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Chelsea manager Jose Mourinho has set his sights on Aston Villa striker Christian Benteke, 22, after missing out on Napoli's Paris St-Germain bound Edinson Cavani, 26.
Returning Blues boss Mourinho is also lining up a £40m move for Liverpool striker Luis Suarez, 26.
Everton are expecting a new bid from Manchester United for defender Leighton Baines, 28.
Barcelona have launched a £30m bid for 26-year-old defender David Luiz - but Chelsea will refuse to sell him at that price.
Manchester City are stepping up their efforts to sign Fiorentina forward Stevan Jovetic. The Montenegro international, 23, has a £27m buy-out clause.
But the Blues have been rebuffed by Real Madrid in their pursuit of Portuguese defender Pepe, 30.
Newcastle manager Alan Pardew is willing to sacrifice centre-half Steven Taylor and pay around £6m for QPR's France international striker Loic Remy, 26.
Manchester United target Kevin Strootman, 23, of PSV Eindhoven has confirmed "several clubs" are competing for his signature this summer - but none are the top teams in Europe.
Manchester City midfielder Gareth Barry, 32, has opened talks with Arsenal over a possible £4m move to the Emirates.
Sunderland's bid to sign Argentine full-back Gino Peruzzi, 21, from Velez Sarsfield appears to have hit a major snag, with the player demanding more money before he agrees a move to the Stadium of Light.
Chelsea have had a second bid for Norwich goalkeeper John Ruddy, 26, rejected.
But the Canaries have targeted Celtic keeper Fraser Forster, 25, as a replacement if Ruddy does leave Carrow Road.
Schalke midfielder Julian Draxler, 19, has opened the door on a possible move to Arsenal, Chelsea or Manchester City.
Premier League newcomers Hull City's £4.5m move for Burnley striker Charlie Austin has collapsed - because of "unforeseen obstacles".
GLOBAL GOSSIP (sourced by BBC Monitoring)
Everton are considering a move for Paris St-Germain midfielder Clement Chantome, 25, amid rumours that Marouane Fellaini, 25, is to leave the club.
Monaco will not sign any more players this summer unless a "very interesting opportunity arises," according to sporting director Vadim Vasilyev. The club have spent about £112m in the current transfer window.
Swedish international Marcus Berg, 26, is to leave Panathinaikos for Hamburg on a three-year deal.
French striker Anthony Modeste, 25, is leaving Bordeaux for German side Hoffenheim.
Liverpool have held further talks with Luis Suarez's agent and reiterated their determination to keep the 26-year-old Uruguay striker at Anfield.
But Suarez told Reds boss Brendan Rodgers that he wants to leave Merseyside to play in the Champions League.
Newcastle manager Alan Pardew insists he is "open-minded" about Joe Kinnear's appointment as director of football.
Tottenham have given the clearest sign yet they will hang on to midfielder Gareth Bale, 23, this summer by using him to promote their new kit.
Rio Ferdinand says there is "nowhere better to go" from Manchester United, but believes team-mate Wayne Rooney is "mature enough to make his own mind up" about his future.
Arsenal defender Thomas Vermaelen will miss the Gunners' pre-season trip to Asia and may not be fit for the start of the new season.
Spurs fans' wait to see the club's new kit was briefer than expected after supplier Under Armour jumped the gun and released pictures of the shirt on their website before the official launch had taken place.