Manchester United have wrapped up the signing of Sporting Lisbon's 21-year-old midfielder William Carvalho, and Bayern Munich midfielder Toni Kroos, 24, is next on the list.
Real Madrid are considering a summer bid for Glen Johnson, 29, as the Spanish giants prepare to capitalise on Liverpool's delay in offering the defender a new contract.
Carl Jenkinson, 22, will be sent out on loan to a Premier League club next season - with Newcastle and West Ham leading the chase to land the Arsenal defender.
Belgian side Standard Liege claim Tottenham are not interested in signing their 20-year-old top goalscorer Michy Batshuayi.
Queens Park Rangers' 27-year-old striker Loic Remy, who is on loan at Newcastle, would like to join Arsenal this summer.
Tottenham are leading the chase for Remy, who they see as a potential replacement for under-achieving Roberto Soldado, 28.
Liverpool are set to make a firm bid for West Ham central defender Winston Reid, 25, who is frustrated at a lack of first-team opportunities after recovering from an long-term ankle injury.
Liverpool have made a move for one of Barcelona's most exciting young talents, 16-year-old South Korean striker Lee Seung-woo.
The Merseyside giants will compete with Manchester United and Chelsea for £30m-rated Southampton and England defender Luke Shaw, 18, this summer.
talian side Napoli have made enquiries about signing Arsenal's 28-year-old out-of-favour defender Thomas Vermaelen.
Chelsea striker Samuel Eto'o, 33, is set to quit the club because he is still furious over boss Jose Mourinho's joke about the player's age and is likely to return to former club Real Mallorca this summer.
Mourinho wants to cash in on £17m striker Romelu Lukaku, 20, who is on a season-long loan at Everton, to bring in Atletico Madrid's Diego Costa and Paris Saint-Germain's Edinson.
Besiktas are ready to pounce for Tottenham defender Younes Kaboul, 28, this summer after missing out on 32-year-old Nemanja Vidic.
OTHER GOSSIP
Arsenal boss Arsene Wenger insists he wants to commit his future to the Gunners and that there "shouldn't be any uncertainty" over his future.
But Arsenal legend Bob Wilson says Wenger could quit the club if he wins the Premier League again.
Italy coach Cesare Prandelli says he wishes he could have Liverpool strikers Daniel Sturridge, 24, and Raheem Sterling, 19, in his squad to face England in this summer's World Cup.
David Moyes is building for the future, and he claims that his side will be targeting titles and silverware as soon as next season.
Manchester City keeper Joe Hart, 26, admits he still has not got over being dropped by Manuel Pellegrini for six weeks before Christmas.
Southampton keeper Artur Boruc, 33, believes coach Mauricio Pochettino will commit his future to the club by signing a contract extension in the next few weeks.
AND FINALLY
A spiritual healer from Bromley has told reporters this week that she was married to Arsenal boss Arsene Wenger - in the 15th Century.
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