For a list of confirmed transfers, check out our transfers page.
For breaking transfer news, follow Sportsday Live every weekday.
Napoli's 26-year-old striker Edinson Cavani, targeted by Chelsea, has almost completed a move to French champions Paris St-Germain.
The Stamford Bridge club are also set to battle with Tottenham for the signature of striker Christian Benteke, 22, who has handed in a transfer request at Aston Villa.
Benteke is said to favour a move to Spurs, but Villa feel they would get better value for the player if he was sold to Chelsea.
Sam Allardyce is set to renew West Ham's interest in Graham Dorrans of West Bromwich Albion, three years after previous Hammers boss Gianfranco Zola tried to buy the 26-year-old midfielder.
Russian club Anzhi Makhachkala want to sign Manchester United winger Nani, 26, who reportedly fell out of favour with Sir Alex Ferguson and has not received assurances over his future from new United boss David Moyes.
Tom Ince is mulling over an £8m move to Cardiff City after meeting manager Malky Mackay, several days after personal terms and the fee were agreed for the 21-year-old Blackpool winger.
New Manchester City boss Manuel Pellegrini has told 30-year-old England defender Joleon Lescott that he is very much part of his plans at Etihad Stadium.
Former Arsenal midfielder Mathieu Flamini, 29, could return to the Premier League despite being offered a new two-year deal at AC Milan.
Sunderland are doubling their efforts to sign Juventus winger Emanuele Giaccherini, 28, in a £8.6m deal.
Hull want to sign free agent forward Carlton Cole, 29, and Derby striker Connor Sammon, 26, after a move for Charlie Austin, 24, broke down.
GLOBAL GOSSIP (from BBC Monitoring)
Inter Milan have completed the signing of Argentine midfielder Mauro Icardi, 20, from Sampdoria for an undisclosed fee.
Mexican international midfielder Giovani dos Santos, 24, who used to play for Spurs, is to leave Mallorca for Villarreal on a four-year deal.
Wayne Rooney needs to feel loved at Manchester United if the 27-year-old England international remains at Old Trafford, according to former team-mate Michael Owen.
Swansea City boss Michael Laudrup says he was approached about several other managerial positions during the summer but opted to remain at the Welsh club.
Fulham owner Mohamed al Fayed wants to sell the club and is looking for a fee of between £150m and £200m, 16 years after buying the Craven Cottage outfit.
Everton manager Roberto Martinez wants to sign Barcelona striker Gerard Deulofeu, 19, on loan.
An American firm called Club 9 Sports are bidding to buy SPL outfit Hearts, who are currently in administration.
David Beckham, Paul Scholes, Nicky Butt, Ryan Giggs, Phil Neville and Gary Neville, who all progressed through Manchester United's youth system to great success in the first team, were reunited for a night out in Manchester.