Wednesday's gossip column: Football transfers & rumours
For a list of confirmed transfers, check out our transfers page.
For breaking transfer news, follow Sportsday Live every weekday.
Manchester City are preparing to make a final £20m bid to sign Real Madrid's 30-year-old defender Pepe.
Chelsea are considering a move for Anzhi Makhachkala striker Samuel Eto'o, 32. Blues boss Jose Mourinho worked with the Cameroon international while at Inter Milan.
Manchester United's hierarchy will risk keeping an unhappy player by insisting that striker Wayne Rooney, 27, will not be sold to Chelsea no matter how much money the London club offer.
Arsenal are considering moves for Swansea forward Michu, 27, and Manchester City striker Edin Dzeko, 27, as their hopes of signing 26-year-old Liverpool forward Luis Suarez fade.
Napoli are preparing a late bid for Bayern Munich midfielder Luiz Gustavo. The 26-year-old is set to announce his future plans on Wednesday, with Arsenal one of the clubs interested in his signature.
Liverpool are targeting Anzhi Makhachkala midfielder Willian, 25, as a potential marquee signing this summer.
Serie A side Juventus could sell right-back Stephan Lichtsteiner, 29, to Arsenal as they look to raise funds for Ajax midfielder Christian Eriksen, 21, who has been a target for Liverpool and Tottenham.
Tottenham midfielder Scott Parker, 32, is set to join QPR within 48 hours after the two clubs agreed a £3.5m fee.
But Fulham are trying to beat QPR to the signature of Scott Parker with the midfielder reportedly wanting to stay in the Premier League.
QPR goalkeeper Julio Cesar, 33, is confident of securing a move away from the Championship club before the transfer window closes.
Chelsea striker Demba Ba, 28, is a target for Sam Allardyce as the West Ham manager aims to secure his sixth deal of the summer.
Benfica want Celtic goalkeeper Fraser Forster, 25, but the Portuguese team will need to pay £6m.
Full story: Daily Record
Attacker Gareth Bale, 24, has told Wales team-mates that he will not play for Spurs again.
Liverpool and England captain Steven Gerrard, 33, believes fellow midfielder Jack Wilshere, 21, will be captain of the national side in the future.
Steven Gerrard hints he could retire from international football after next summer's World Cup in Rio.
Former Liverpool defender Jamie Carragher thinks academies at English clubs should be banned from buying in foreign players.
GLOBAL GOSSIP (From BBC Monitoring)
Inter Milan have confirmed the signing of Brazilian full-back Wallace Oliveira dos Santos, 19, on loan from Chelsea.
Former Wigan striker Franco Di Santo, 24, is close to joining German side Werder Bremen on a four-year deal.
Deportivo La Coruna have signed Portugal defender Luisinho, 28, from Benfica.
Barcelona forward Lionel Messi, 26, attended an audience with Pope Francis on Tuesday in the Vatican City along with his Argentina team-mates ahead of their friendly with Italy on Wednesday. Pope Francis, who was born to Italian parents in Argentina, says his loyalties are divided ahead of the game.