For a list of all the latest deals, check out the transfers page.
Manchester City are confident they have finally agreed a deal to sign Belgium midfielder Kevin de Bruyne, 24, from Wolfsburg for an initial £54m. (Guardian)
Manuel Pellegrini's side plan to offer De Bruyne a contract until 2021 worth £15m per year, almost £300,000 a week. (Daily Mirror)
City are set to make an announcement in the next 24 hours to confirm the deal. (Times - subscription)
Chelsea believe they can complete the biggest spending spree in British football by signing Juventus midfielder Paul Pogba, 22, and Everton centre-back John Stones, 21, in the next few days. (Daily Mirror)
Chelsea will have to match Everton boss Roberto Martinez's £45m asking price if they are to secure a deal for defender John Stones. (Sun - subscription required)
Tottenham have reservations about making a third bid for 22-year-old West Brom forward Saido Berahino. (Sky Sports)
West Brom have told Spurs they will not sell England Under-21 international Berahino unless their £25m asking price is met. (Daily Star)
Former Spurs boss Harry Redknapp is convinced that Berahino will move to White Hart Lane before the transfer window closes. (Talksport)
Sunderland are hoping to sign Napoli midfielder Jonathan de Guzman, 27, and Rennes striker Ola Toivonen, 29, before Tuesday's transfer deadline. (Northern Echo)
Barcelona will sit down with advisors of Brazil forward Neymar, 23, before the end of the year to discuss a new five-year contract that will see his buyout clause increase to £182m. (Daily Mail)
Juventus have bid for 27-year-old Barcelona midfielder Alex Song, whose move to the Hammers is in doubt. (Sun - subscription required)
Manchester United goalkeeper Victor Valdes, 33, has agreed terms with Turkish club Besiktas and will join on a free transfer having been frozen out at Old Trafford. (Daily Telegraph)
United have told potential suitors for Jonny Evans that they must pay £12m to sign the 27-year-old Northern Ireland defender, who is in the last year of his deal. (Daily Star)
Leicester City are in negotiations with Birmingham City over a deal for 19-year-old winger Demarai Gray and have submitted a bid to activate his £4.7m release clause. (Daily Mail)
Best of social media
Italian striker Mario Balotelli posted a farewell message to Liverpool fans on his Facebook account following the completion of his season-long loan switch to AC Milan.
Everton striker Romelu Lukaku has retweeted the thanks he received from a fan, to whom he handed his boot as a memento following the Toffees' 5-3 Capital One Cup win at Barnsley.
Real Madrid and Wales forward Gareth Bale has tweeted a picture of his injured toe, suggesting it was "feeling better" and that he is "looking forward to the weekend", when they face Real Betis.
Celebrity Arsenal fan Piers Morgan tweeted that he jovially failed to persuade Chelsea defender John Terry to leave Stamford Bridge for the Gunners.
Mario Balotelli will have a good behaviour clause inserted into his contract with AC Milan, banning extravagant haircuts and clothing and committing him to a healthy lifestyle. (Daily Express)
Arsenal players Mikel Arteta and Theo Walcott were the latest players to have go at the 'dizzy goals' challenge. (London Evening Standard)