Arsenal are keeping tabs on Juventus and Italy forward Moise Kean, although one player who could head for the exit is Alex Iwobi after the academy product grew concerned at the prospect of Wilfried Zaha arriving as his replacement. Tottenham meanwhile are closing on a club-record transfer for Giovani Lo Celso, with a £67m offer to Real Betis set to prise the midfielder to north London.
Meanwhile, new Newcastle United manager Steve Bruce has set his sights on one of the club’s former strikers as Andy Carroll is being strongly linked with a move back to the north-east. Liverpool meanwhile may have wrapped up their transfer business for the summer already, with Jurgen Klopp admitting the club do not need to sign anyone before the transfer window deadline. Follow the latest updates below.
We begins this morning at Manchester United, where a striker upheaval could be in the cards.
Antonio Conte has made no secret of his desire to sign Romelu Lukaku for Inter Milan, so much so that he used yesterday's press conference following the pre-season friendly defeat against United to say as much.
United rejected a £54m offer from the Italian club on Saturday, but should they choose to sell, it appears a replacement is already being targeted. The Sunday Times reports that United are in advanced talks to sign Nicolas Pepe from Lille, with the 24-year-old valued at around £70m and attracting interest from all over Europe.
Big news in from Real Madrid, where Gareth Bale is leaving the club.
Zinedine Zidane left the Welshman out of Madrid's pre-season friendly against Bayern Munich last night, and the manager confirmed afterwards that the reason for his absence was because "the club are working on his departure".
The Frenchman, who could not say who the club in talks to sign Bale is, also revealed that the move could be done as early as tomorrow, which has the potential to kickstart a flurry of transfer activity as it would enable Madrid to go after their main target in Paul Pogba.
The knock-on effect from Bale's departure would impact a number of clubs across a number of leagues.
If Bale does leave, United will face the prospect of a large bid from Madrid for Paul Pogba, who has been pushing for a summer exit.
That would require United to look for a replacement, which is expected to be Bruno Fernandes of Sporting, but it would also give them the money to invest in someone like Nicolas Pepe as mentioned earlier this morning.
However, if the unnamed club in talks for Bale turns out to be Tottenham as had been reported earlier in the transfer window, Spurs would surely need to sell if they are to also land £67m target Giovani Lo Celso. It would mean the likes of Danny Rose and Christian Eriksen would face uncertain futures, although should Madrid seal Pogba it would end their interest in Eriksen this summer.
Elsewhere, Arsenal are interested in Juventus forward Moise Kean.
The 19-year-old is highly-rated in Turin and remains a big part of their future, but the Daily Mail reports that Arsenal have contacted the teenager's agent over the possibility of a move to the Emirates.
The report adds that Barcelona and Everton are also interested in the Italy international, but it's understood that Juventus will demand a £36m buy-back clause in any deal to enable them to re-sign him if he continues his impressive development.
However, while Arsenal are looking out incomings this summer, one outgoing could well be one of the brightest academy graduates.
The interest in Wilfried Zaha has lead to concerns from Alex Iwobi over his place in the Arsenal side, according to The Sun, and he will push for an exit if the move for the Crystal Palace forward goes through given the impact it will have on the pecking order in his position.
Iwobi has struggled to lock down a starting place under both Arsene Wenger and Unai Emery, and the arrival of Zaha - who would command an automatic starting place in the squad given the money it would cost to sign him - could be the final nail in Iwobi's Arsenal coffin.
The future of Neymar has also caused a stir this summer, with his potential departure having a similar knock-on effect as the Bale move.
Paris Saint-Germain are open to selling the Brazilian due to his disruptive nature in the team, with the club in the belief that he does not meet what they are trying to achieve in the French capital.
Barcelona appear to be the only club in the running for Neymar, but even their interest has waned since signing Antoine Griezmann earlier this month - a deal that required the Catalans to take out a loan in order to fund the €107m move.
But according to reports in Italy, PSG are putting a plan together for the possible departure of Neymar, and have contacted Juventus about the availability of Paulo Dybala should they need to move for a replacement.
Arsenal are closing on a deal to sign William Saliba.
The French defender is a long-term target of Arsenal's and finally appears to have agreed terms to a £27m move this summer. However, he will remain with St Etienne for the rest of the season, with the 18-year-old only moving to the Premier League ahead of the 2020/21 campaign.
Asked if he was annoyed to wait another year before landing Saliba, Arsenal manager Unai Emery took the philosophical approach by admitting he would rather wait for his first-choice targets than be forced to sign second-choice players.
Gareth Bale's agent is furious with Zinedine Zidane.
The Real Madrid manager spoke overnight to claim that Bale will leave the club in the coming days after talks began with an unnamed team over a summer transfer.
But Bale's agent Jonathan Barnett has labelled the former World Cup winner "a disgrace", and made it clear that Bale will only leave the club on his own terms.
Speaking to ESPN, Barnett said: "Zidane is a disgrace to speak like that about someone who has done so much for Real.
"If and when Gareth goes it will be because it is in the best interest of Gareth and nothing to do with Zidane pushing."
The reaction to the Gareth Bale saga this morning is mixed, to say the least.
A number of fans believe Bale should stand his ground and play out his contract to spite Zidane, given the way he is being treated after giving so much to the club.
But others feel that Zidane is within his right to say as much given how little Madrid are now getting out of the Welshman, with injuries and poor form deeply hampering him last season.
Manchester United goalkeeper David De Gea is poised to become the highest-paid player in his position.
The Spaniard will sign a new contract, according to the Sunday Telegraph, worth a staggering £117m over six years.
It's claimed that United have won the battle to convince De Gea to extend his stay at Old Trafford, with the contract set to be signed once De Gea returns to England from the club's pre-season tour.
The £375,000-a-week contract will see him become the world's highest-paid goalkeeper ahead of Thibaut Courtois, who took the title when he joined Real Madrid last summer.
Newcastle United are looking to press on with their summer transfer plans now that Steve Bruce is in place as manager.
One area in need of strengthening - and let's be honest, they all need strengthening - is the frontline attack following the exit of on-loan striker Salomon Rondon, who has followed Rafa Benitez to China after joining Dalian Yifang from West Brom.
As a result, Bruce is considering a move for the club's former striker Andy Carroll, according to The Sun, with the Geordie available on a free transfer after being released by West Ham at the end of the season. Carroll is still training with West Ham after they afforded him the luxury to maintain his fitness, but an offer to return to St James' Park could be in the post.
Some more details are emerging on the future of Gareth Bale.
According to Sky Sports, the Welshman will not allow himself to be forced out of Real Madrid, and he will only leave the club this summer if a move makes sense for both his career and his family.
However, while his agent would not be drawn on the links to Bayern Munich, Manchester United and Tottenham, he did reveal that "there could be a surprise this summer".
What does that mean? Well, your guess is as good as ours.
Sheffield United have paid an undisclosed club-record fee for Bournemouth striker Lys Mousset.
France Under-21 international Mousset has put pen to paper on a three-year contract after the two clubs agreed a reported fee of £10million.
"For the third time this summer, the Blades have smashed the club's transfer record," United announced on their official website.
"French striker Lys Mousset has signed a three-deal with the Blades after an undisclosed fee with AFC Bournemouth was reached for his services."
Mousset joined Bournemouth from Le Havre in 2016 for a reported £5.7m, but was mainly restricted to the role of substitute.
The 23-year-old, who scored five goals in 71 appearances for the Cherries, is the Blades' fifth signing since winning automatic promotion to the Premier League last season.
The Blades set a new transfer record when signing Luke Freeman from QPR and broke it again to bring Callum Robinson in from Preston earlier this month.
The South Yorkshire club have also signed former Manchester United forward Ravel Morrison, while defender Phil Jagielka has returned to the Blades after his contract at Everton expired.
Blades boss Chris Wilder added: "Lys is big, quick and a different type of threat at the top of the pitch to what we already have.
"It is a fantastic bit of business for us in the current market and we are looking forward to him joining up with the squad."
Tottenham will allow unwanted striker Vincent Janssen to leave the club this summer, but his destination appears to be something of a surprise one.
The Dutchman miraculously returned to the club after unsuccessful loan spells to play a part in their run to the Champions League final.
However, Mauricio Pochettino has made no secret that he is free to leave, and the 25-year-old looks set for a move to Mexico to join Monterrey, according to Football London.
Crystal Palace are on the hunt for a replacement for Aaron Wan-Bissaka after he joined Manchester United.
The Mail on Sunday reports that Palace have already held talks with Liverpool and are interested in a move their former defender Nathaniel Clyne, who is free to leave Anfield this summer after the emergence of Trent Alexander-Arnold over the last two seasons.
Clyne left Palace for Southampton in 2012 before moving on to Liverpool four years ago, but a serious knee injury cost him his place in the side and he spent last season on loan with Bournemouth.
William Saliba will travel to London on Tuesday to undergo a medical with Arsenal.
The Sunday Mirror reports that the 18-year-old will arrive at their London Colney training ground to complete his move from St Etienne, although he will return to France to see out the rest of the season on loan with the Ligue 1 side.
Spurs are currently in action in Singapore in their pre-season friendly against Juventus (which you can follow here) but behind the scenes work continues to strengthen Mauricio Pochettino's side.
The club are pressing on with their attempts to sign Argentina midfielder Giovani Lo Celso from Real Betis, but they have been told that it will cost £67m to sign the 23-year-old this summer, according to the Evening Standard.
Talks between the two clubs are continuing and it's thought Tottenham are prepared to break their transfer record to sign Lo Celso, despite shelling out the best part of £55m on Tanguy Ndombele already this summer.
This is a big one. The Independent can reveal that Paris Saint-Germain are keen on signing Gareth Bale, and to lure Real Madrid into a move they are willing to offer up Neymar in a swap deal.
PSG are keen to get rid of the disruptive Brazilian this summer, and although Zinedine Zidane's outburst overnight has given the green light for his departure, talks have been going on in Paris behind the scenes for the last two weeks.
With Bale told in no uncertain terms to leave Madrid and Neymar on the market, the move makes sense for all parties involved, although PSG would want a large cash fee on top of Bale if they were to let Neymar go after two years.
You can guarantee one thing though: Barcelona will not be impressed by this.
The summer transfer window closes at 11pm on Thursday 8 August across the Premier League and Championship. The European transfer window remains open until Monday 2 September.
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