Arsenal have confirmed the signing of Spain international Santi Cazorla from Malaga.
The 27-year-old midfielder signs for a reported record transfer fee, and will join up with his new club on their pre-season trip to Germany.
Italian giants Juventus are ready to switch their attention away from Robin van Persie and onto Liverpool striker Luis Suarez.
Juve are reportedly resigned to losing out on Van Persie, and have identified Suarez as the next best candidate.
Chelsea are closing in on the signing of Victor Moses from Wigan. The 21-year-old could join the Blues by the end of the week, while the club are ready to make a renewed bid for Marseille defender Cesar Azpilicueta.
Lucas Moura's proposed move to Old Trafford as hit another snag, after it was revealed the Brazilian's representatives want £6million in fees.
Manchester United were happy to pay £25million for the Sao Paulo midfielder, and are now considering pulling out of the deal.
Bologna have set their asking price for Liverpool and Tottenham target Gaston Ramirez.
The Uruguay international will cost £16million if he is to move to Anfield or White Hart Lane this summer.