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Injured Manchester United striker Wayne Rooney, 27, has been playing golf close to Chelsea's training ground - fuelling speculation the England international could be on his way to Stamford Bridge.
Real Madrid are ready to spend £85m on Tottenham's 24-year-old forward Gareth Bale.
But Manchester United are eager to underline their support to new manager David Moyes by smashing the British transfer record to sign Bale.
Tottenham are making a new move for Lyon forward Lisandro Lopez after failing in an attempt to sign the 30-year-old in January.
Chelsea boss Jose Mourinho believes former club Real Madrid will block any attempt by Manchester United to take Cristiano Ronaldo, 28, back to Old Trafford.
Arsenal boss Arsene Wenger is ready to test Liverpool's resolve with a £40m bid for 26-year-old striker Luis Suarez.
Arsenal are on the verge of signing Brazil international playmaker Bernard, 20, for £21m from Atletico Mineiro.
Lazio have dashed Manchester United's hopes of signing Antonio Candreva, 26, by stating that the midfielder is not for sale.
Liverpool are hopeful of closing a loan deal for Valencia left-back Aly Cissokho. The Reds would pay an initial loan fee of around £850,000 for the 25-year-old with an agreement to pay a further £3.5m to buy the player outright next summer.
Tottenham are ready to break their transfer record this week with an £18m move for Valencia striker Roberto Soldado, 28.
Aston Villa's Scotland international defender Alan Hutton, 28, is poised to re-join Real Mallorca on a season-long loan.
Fulham are chasing West Brom left-back Liam Ridgewell, 29, who has only 12 months left on his contract at The Hawthorns.
The Baggies are interested in signing Stoke City striker Kenwyne Jones, 28, to improve their attacking options.
Velez Sarsfield right-back Gino Peruzzi, 24, is set to become Sunderland's 10th signing of the summer in a deal worth around £3.3m.
Fulham are set to sign 15-year-old midfielder Foday Nabay from Birmingham City for around £200,000.
Celtic will consider signing Wolves striker Kevin Doyle as a potential replacement for Gary Hooper.
Hamburg's Latvia international Artjoms Rudvens is another forward being assessed by the Scottish champions.
GLOBAL GOSSIP (sourced by BBC Monitoring)
Manchester United midfielder Shinji Kagawa, 24, says he would like to return to Borussia Dortmund "one day".
Negotiations between AC Milan and CSKA Moscow are continuing over the possible move of Japanese attacking midfielder Keisuke Honda, 27, to the Italians.
Former France international David Trezeguet, 35, is to leave Buenos Aires side River Plate for Argentine rivals Newell's Old Boys.
Barcelona have made Argentine Gerardo Martino, 50, their new coach. Martino will sign a three-year contract.
Manager Jose Mourinho says he is considering leaving Fernando Torres, 29, and Juan Mata, 25, out of Chelsea's first league game against Hull City because he believes they will be too exhausted following an international friendly for Spain on 14 August.
Manchester City right-back Micah Richards, 25, wants to be satisfied he will play as much as Pablo Zabaleta before committing himself to a new long-term contract.
Winger Jermaine Pennant, 30, has been blocked for a second successive year from travelling with Stoke City to the United States for a pre-season tour.
Swansea City winger Nathan Dyer, 25, is in talks to tie up a new contract at Liberty Stadium as his current deal runs out at the end of the season.
Manchester City midfielder Abdisalam Ibrahim has been granted a free transfer. The 22-year-old was once touted as the next Patrick Vieira.
Aston Villa have sent the Duke of Cambridge, a Villa fan, and the Duchess a replica kit with the letters HRH and number 1 on the back to commemorate the birth of their first child.