Valencia are reported to have identified Chelsea striker Fernando Torres as a replacement for Tottenham-bound Roberto Soldado.
Reports in the Spanish press claim Valencia have already made contact over a proposed deal for the Spaniard, but will not pay more than £25 million to sign him.
Arsenal and Tottenham are set to go head-to-head in pursuit of Barcelona forward Alexis Sanchez.
The Chilean's future at the Camp Nou appears in doubt following the acquisition of Neymar, and Arsenal and Spurs could now reportedly offer Sanchez an escape route.
David Moyes admits it will take time until he is fully settled into his role as Manchester United manager.
The former Everton boss succeeded Sir Alex Ferguson at the beginning of July, and says he is still finding his feet.
Besiktas have confirmed they are remain interested in signing Emmanuel Adebayor from Tottenham, but their priorities lie elsewhere.
Spurs are prepared to sell the striker before the transfer deadline, although Besiktas admit they are more focused on defensive reinforcements than goalscoring recruits at present.
New Barcelona manager Gerardo Martino has wasted no time in identifying potential transfer targets after reportedly outlining five the club could pursue.
Martino, it is claimed, wants either Vincent Kompany, David Luiz, Dan Agger, Thomas Vermaelen, Jan Vertonghen signed in the coming weeks.