2nd Aug 2013
Real Madrid are preparing to follow up their £85.3m world record signing of Gareth Bale by making a £45m swoop for Liverpool striker Luis Suarez.
Real coach Carlo Ancelotti has confirmed that defender Fabio Coentrao will be staying at the Bernabeu this summer amid speculation of a possible move to Manchester United.
Tottenham want to bring Coentrao in on loan.
Real Madrid forward Kaka will sign for former club AC Milan on loan, while Arsenal and Manchester United will compete for the signature of playmaker Mesut Ozil as the Spanish giants try to recoup some of the money they spent on Bale.
Arsenal will complete the signing of Ozil either as a permanent or loan deal, and are also chasing his Real Madrid team-mate winger Angel Di Maria, as well as Schalke midfielder Julian Draxler and Chelsea's out-of-favour striker Demba Ba.
Arsene Wenger is preparing an £80m spending spree in the final hours of the transfer window, with Arsenal ready to launch bids for Ozil, Di Maria and Palermo striker Abel Hernandez.
Blackpool winger Tom Ince is set for a £10m move to Tottenham Hotspur but will remain on loan with the Seasiders until the end of the season.
Gabriel Tamas is a target for Crystal Palace, after West Brom coach Steve Clarke told the central defender he can leave the club.
Brighton would face a fans' revolt if they agree to sell Argentine striker Leonardo Ulloa to bitter rivals Crystal Palace for a reported £5m.
Queens Park Rangers manager Harry Redknapp wants to take Spurs duo Emmanuel Adebayor and Benoit Assou-Ekotto on loan.
Sunderland hope to finalise a loan deal for Liverpool striker Fabio Borini and have also enquired about a similar deal for Napoli defender Andrea Dossena.
Arsenal forward Olivier Giroud says the club need to bring in at least one more attacker before the transfer window closes on Monday. The Frenchman believes Luis Suarez would have been a great addition.
AS Roma insist midfielder Daniele De Rossi is not for sale amid reports Manchester United are still targeting the highly rated midfielder.