For a list of confirmed transfers, check out the transfers page.
Visit our manager ins and outs page for a list of all the current bosses in the top five leagues in England and the Scottish Premiership.
Liverpool boss Brendan Rodgers is ready to challenge Chelsea's attempts to sign Benfica's 20-year-old Serbia forward Lazar Markovic.
Full-back Aly Cissokho, 26, is set to leave Liverpool at the end of his season-long loan deal from Valencia and join Italian giants AC Milan.
West Ham and Hull are leading the chase for AC Milan's £3m-rated Ghana midfielder and former Portsmouth player Sulley Muntari, 29.
Sevilla and Spain defender Alberto Moreno, 21, is reportedly at the centre of a Premier League transfer battle involving Arsenal, Manchester United, Manchester City, Chelsea and Liverpool.
West Ham are planning to bring back midfielder Michael Carrick, 32, and defender Rio Ferdinand, 35, from Manchester United.
Chelsea scouts watched Toulouse defender Serge Aurier at the weekend, but the 21-year-old Ivory Coast international has revealed a desire to join Arsenal.
Newcastle midfielder Hatem Ben Arfa, 27, could be dropped by boss Alan Pardew for this weekend's trip to Stoke after a touchline row during the Magpies' 4-0 home defeat by Manchester United on Saturday.
Aston Villa manager Paul Lambert will ask owner Randy Lerner for extra transfer funds this summer after admitting Villa's injury crisis has left his squad exposed.
Chris Hughton's sacking by Norwich has been called ''bonkers and deluded'' by Match of the Day presenter Gary Lineker.
West Brom boss Pepe Mel steered his side to victory over Norwich last Saturday but raised doubts about his future at the club following the game.
Leeds owner-elect Massimo Cellino could weigh up bringing in Gianfranco Zola as boss of the Elland Road club if he decides to sack current boss Brian McDermott.
Former Arsenal striker Kevin Campbell says the Gunners should move for Chelsea's 20-year-old Belgium international striker Romelu Lukaku, currently enjoying a successful season-long loan at Everton.
Chelsea boss Jose Mourinho could be ready to let goalkeeper Thibaut Courtois, 21, take the place of Petr Cech as Chelsea number one next season following three successful seasons on loan with Atletico Madrid.
Chelsea are on the verge of agreeing a five-year contract with Courtois and a significant increase on the Belgian's £30,000-a-week current deal.
Dutch legend Johan Cruyff has criticised Mourinho for his focus on short-term results at the expense of squad harmony and claims he will quickly lose the support of the dressing room at Stamford Bridge - just as he did at Real Madrid.
Sunderland manager Gus Poyet says he intends to remain at the Premier League relegation-battling Wearside club next season unless he is sacked.
GLOBAL GOSSIP (sourced by BBC Monitoring)
Real Madrid are looking at Southampton's Luke Shaw, 18, and Benfica's Guilherme Siqueira, 27, as possible replacements for 26-year-old left-back Fabio Coentrao.
Juventus are ready to challenge Napoli with a £10m bid for Newcastle's 26-year-old goalkeeper Tim Krul.
Chelsea manager Jose Mourinho is demanding £24m for Romelu Lukaku, currently on loan at Everton. The 20-year-old forward is on the shortlists of several European clubs, including Borussia Dortmund, Bayer Leverkusen and Atletico Madrid.
Juventus could face strong competition from Roma for the signature of Hamburg's 20-year-old midfielder Hakan Calhanoglu.
Inter Milan's 34-year-old striker Diego Milito will return to his native Argentina after his contract expires.
Barcelona sporting director Andoni Zubizarreta has dismissed speculation that he might resign over the controversy surrounding the club's transfer policies.
Spanish striker Raul, 36, who currently plays in Qatar for Al Sadd, is torn between playing in the US-based Major Soccer League or retiring.
Manchester United winger Ashley Young's nine-year-old son Tyler is following in his famous father's footsteps by launching a bid for a professional football career, but he's signed for Arsenal rather than the Old Trafford side.