Chelsea manager Roberto Di Matteo will make a £35million move for Napoli's Uruguay international Edinson Cavani. (The Sun)
The 25-year-old is the Blues number one striker target after Bayer Leverkusen warned them off a bid for Andre Schurrle. (Daily Mail)
Tottenham are close to securing the £20million signing of Shakhtar Donetsk forward Willian - while Andre Villas-Boas has also reignited interest in Brazil star Leandro Damiao. (Daily Mail)
Rennes midfielder Yann M'Vila is expected to leave France by the end of the week, after the Ligue 1 club confirmed they've received offers from Spurs, Zenit St Petersburg, and an unnamed side - believed to be Arsenal. (London Metro)
Arsene Wenger will use the money gained from the sale of Alex Song to Barcelona.
Meanwhile, Manchester United's summer spending still may not be over, with Sir Alex Ferguson considering a £10million move for Mexico midfielder Hector Herrera from Pachuca. (Daily Mail)