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Tottenham Hotspur are prepared to sell forward Gareth Bale, 24, to Real Madrid and they will tell the Spanish club that the prospect of a deal would increase if 20-year-old striker Alvaro Morata were included as part of the package.
Barcelona are ready to make a last-ditch effort to buy Chelsea's £40m-rated 26-year-old defender David Luiz.
Newcastle United hope they can put the finishing touches to a loan deal to bring 26-year-old Queens Park Rangers striker Loic Remy to Tyneside after a move for Aston Villa's Darren Bent, 29, collapsed on Wednesday night.
But Magpies manager Alan Pardew says the club, who are also interested in Lyon's 27-year-old striker Bafetimbi Gomis, will "pursue their summer targets until they get them".
Fulham have become the frontrunners to sign Villa's Bent, offering £6m after having an initial £4m bid turned down.
Midfielder Steven Gerrard, 33, hopes he can convince 26-year-old striker Luis Suarez, whom he calls "the best footballer he has ever played with", to stay at Liverpool.
Roberto Soldado's protracted £25.8m club-record transfer to Tottenham is imminent after the 28-year-old striker was left out of Valencia's tour of the United States.
Everton are not interested in a move for Queens Park Rangers midfielder Joey Barton, despite the 30-year-old's desire to join his boyhood club.
Manchester United goalkeeper David De Gea is desperate for Barcelona midfielder Cesc Fabregas to join him at Old Trafford as boss David Moyes awaits a response to a £35m bid.
Everton and QPR are set to compete for the signature of 28-year-old former Liverpool and Juventus midfielder Momo Sissoko.
Uruguay captain Diego Lugano, 32, is heading to England for talks over a possible move to West Bromwich Albion.
West Brom are also in talks with Salomon Kalou, 27, over a £40,000-a-week move to The Hawthorns.
Fulham are closing in on Sunderland's 25-year-old midfielder and former captain Lee Cattermole.
Stoke are showing interest in £5m-rated Hamburg striker Artjom Rudnevs, 25.
Stoke are eyeing a move for Colombian striker Juan Agudelo, 20, who plays for New England Revolution in the United States.
Real Sociedad have emerged as a surprise destination for Josh McEachran next season with the Spanish side confident a loan move can be agreed with Chelsea for the 20-year-old midfielder.
Bolton are set to complete the signing of Brazilian playmaker Andre Moritz, 26, on a free transfer, while striker Marvin Sordell, 22, is set to join Charlton Athletic on loan.
Gareth Bale could be worth more than the rest of the Welsh international football team combined, if Real Madrid's £85m transfer bid goes through.
Former Real Madrid president Ramon Calderon believes the club are attempting to sign Bale to replace the unsettled forward Cristiano Ronaldo, 28.
Liverpool's best summer "signing" could be midfielder Steven Gerrard admits manager Brendan Rodgers.
Chelsea boss Jose Mourinho has warned Frank Lampard, 35, he will get no special treatment at Chelsea this season.
Former Manchester United boss Sir Alex Ferguson has turned down a peerage and a seat in the House of Lords.
Swansea boss Michael Laudrup believes his side have the quality to match old club Getafe's spectacular run to the last eight of the Europa League.
GLOBAL GOSSIP (sourced by BBC monitoring)
Brazilian club Atletico Mineiro have accepted a £21.8m offer from Shakhtar Donetsk for midfielder Bernard, 20, although the player has yet to agree to a move to Ukraine. Arsenal and Porto are also interested in the Brazil international.
Rafael Benitez's new club Napoli are interested in signing Liverpool defender Martin Skrtel, 28, and Manchester City's Gareth Barry, 32.
Polish striker Bartlomiej Pawlowski, 20, is to join Malaga on a season-long loan from Widzew Lodz.
French side Lyon are ready to sell Michel Bastos, 29, to Al Ain in the United Arab Emirates. The Brazil international has been on loan with Schalke 04 since the beginning of the year.
Giulio Migliaccio and his club Atalanta have been summoned to a hearing by the Italian Football Federation after the midfielder was involved in an incident that saw a tank crush two cars.