Despite Liverpool’s principal owner, John W Henry, saying striker Luis Suarez, 26, will not join Arsenal, the Gunners will seek to smash the English transfer record by offering up to £51m for the Uruguay international.
Tottenham forward Gareth Bale’s move to Real Madrid could be in doubt after the Spanish club’s president Florentino Perez said that £85m was too much money to spend on the 24-year-old.
Perez and Spurs chairman Daniel Levy held face-to-face negotiations in Florida but are still £14m apart in their valuations, with the north London club wanting £100m.
Liverpool could be set to fight neighbours Everton for 27-year-old left back Guilherme Siqueira, who may cost around £8m from Spanish side Granada.
Everton insist they will reject any formal bid from Manchester United for Belgium midfielder Marouane Fellaini, 25, and England left-back Leighton Baines, 28.
Stoke City are in talks to sign former Manchester United striker Mame Biram Diouf, 25, from German side Hannover.
Hull City are lining up a £2.2m move for FC Twente midfielder Willem Janssen, 27, on the recommendation of former England coach Steve McClaren.
Chelsea, Arsenal, Manchester City, Liverpool and Newcastle United are all thought to be monitoring Santos 16-year-old forward Victor Andrade, who has been described as “the new Neymar”.
Tottenham could be set for a shock move for free agent Carlton Cole, 29, after the former West Ham striker was reported to have featured in a behind-closed-doors friendly for Andre Villas-Boas’s side.
Queens Park Ranger manager Harry Redknapp has confirmed he has made an enquiry for Tottenham striker Jermain Defoe, 30, but admits he is struggling to bring him to Loftus Road.
Chelsea will not listen to offers of less than £50million for Brazil international defender David Luiz with Barcelona on the trail.
Tottenham have hijacked Cardiff City’s’s £8.6m move for 25-year-old Toulouse midfielder Etienne Capoue.
West Ham want Besiktas midfielder Manuel Fernandes, who has had previous spells in the Premier League with Everton and Portsmouth.
Sunderland are looking to off-load David Vaughan, Lee Cattermole and Phil Bardsley as they look to claw back around £7m in transfer fees.
Liverpool’s Moroccan international winger Oussama Assaidi will join QPR on a season-long loan.