Benfica are weighing up a huge £113m offer from Atletico Madrid for their highly rated young talent Joao Felix, while Inter are set to try and entice Romelu Lukaku away from United to Serie A.
Reports in Spain say Manchester City manager Pep Guardiola is desperate to sign Isco from Real Madrid, while there’s also news on exactly who is going to be the next Newcastle manager. Follow all of the latest below.
Good morning and welcome along to the Independent's football transfer live blog, where we'll have all the latest news and rumours throughout the day. There's one place we have to start...
Aaron Wan-Bissaka is in Manchester today to seal his move to United from Crystal Palace, worth up to £50m.
The defender has travelled north with his entourage to and providing he passes a medical this morning, he could be confirmed as a new Manchester United player by the end of the day.
Benfica say Atletico Madrid have made an offer of 126 million euros to sign teenage forward Joao Felix, touted in Portugal as a possible successor to Cristiano Ronaldo.
The transfer would be one of the most expensive ever, with a higher price tag than what Juventus paid Real Madrid for Ronaldo — nearly 100 million euros — last year.
Benfica said on Wednesday the club was evaluating the offer, which would give them a net value of 120 million euros, equivalent to the player's buyout clause.
Chelsea are on the verge of completing a surprising move for Real Madrid's Mateo Kovacic.
Kovacic played a prominent role under Maurizio Sarri last season but was widely expected to be looking for a new club this summer, with neither his parent club Real Madrid nor his loan club Chelsea wanting to keep the Croatian permanently.
But Chelsea's hierarchy have decided, with no manager in charge currently, to take the plunge and seal a deal for the midfielder as one of the few players they can sign despite their pending two-window transfer ban.
Inter Milan are pushing hard to sign Manchester United's Romelu Lukaku, and are prepared to spend £62.8m to clinch it, according to the Guardian.
Inter are pursuing an initial loan move with an obligation to buy at the end of the term, as they also aim to offload Mauro Icardi for a similar total figure.
PSG have not giving up hope of signing Matthijs de Ligt despite his almost-done-deal with Juventus, in another huge story in the Guardian this morning.
The Ajax captain has already agreed a contract with Juventus worth £21m per year, as the club looks to agree a transfer fee of around £70m with Ajax to complete the move.
But PSG are aiming to scupper all that and have the financial muscle to exceed Juve's offer. They remain in contact with Mina Raiola, De Ligt's agent.
Manchester United goalkeeper Dean Henderson is set to leave the club on loan in a bid to get more first-team minutes.
The 22-year-old impressed last season on loan at Sheffield United and is seen as having the potential to be a long-term successor to David de Gea.
Speaking about Henderson's future, Sky Sports said: "For his development I would say yes it is the perfect move for him to go back to Sheffield United this season.
"He needs to play, and with a lot of uncertainty really around the future of Manchester United, this could be a really important time for him to be getting game time.
"There’s no resolution as of yet for the contract of David de Gea going forward. So there may well be an opening for the No 1 shirt in the next 18 months to two years."
Jay Dasilva has drawn time on his career at Chelsea, completing a permanent transfer to Bristol City.
The 21-year-old spent eight years at the Blues, and won three FA Youth Cups during his time with the academy, but never made his first-team debut.
After impressing on-loan with the Robbins last season, he now becomes the permanent replacement to Lloyd Kelly, who joined Bournemouth earlier this summer for £13m.
Barcelona have confirmed the signing the Valencia goalkeeper Neto.
The move comes only days after the Barca back-up Jasper Cillessen – who had been linked with a move to Manchester United – went the other way in a £31m transfer.
The only pictures we have of Neto in our system is of him conceding goals, but we've been assured he has made plenty of saves too.
Liverpool have completed the signing of Dutch teenage centre-back Sepp van den Berg.
The 17-year-old has been hotly pursued by a number of European clubs, but the Reds have won the race for his signature, and have signed the player on a long-term deal which could rise to £4.4m including appearance-based add-ons.
"It’s just an amazing feeling,” Van den Berg told Liverpool’s official website.
"It is, for me, the biggest club in the world and it’s a dream come true. I am really excited."
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Could Neymar really re-join Barcelona? One of the rumours circulating this morning says he just might, but it's going to take a few sales first.
Barca could afford to sign Neymar, according to MailSport, if they were to offload Ousmane Dembele and Philippe Coutinho, in what would total a £200m deal, but the board are still to be convinced he is worth reclaiming.
Here's our chief football writer Miguel Delaney on exactly why he isn't.
Liverpool's signing of Sepp van den Berg has been perhaps the most eye-catching done deal of the day so far, although that could yet be trumped by Manchester United or Chelsea.
In the meantime, here's all the latest from Liverpool's transfer window.
Some peculiar rumours emerging from Italy this morning claim that Everton have tabled a €30m bid for Juventus starlet Moise Kean.
The 19-year-old is tipped to become one of Europe's top strikers, leaving many surprised by such rumours.
Kean is entering the last year of his contract at Juventus, though, and while terms were reportedly agreed, he is yet to put pen to paper on a new deal and may well be part of another negotiating tactic.
AC Milan are preparing a big to sign Lucas Torreira on loan with a view to buy.
Sky report that the offer will be in the region of £4.5m for a two-season long loan with a view to make the deal permanent for £25m.
Torreira, while not being unhappy at Arsenal contrary to popular belief, is keen to reunite with Milan manager Marco Giampaolo, who he starred under at Sampdoria.
William Saliba is finally set to complete his move to Arsenal for £22.8m.
The 18-year-old centre-back will however be loaned back to St Etienne for next season, leaving many Gunners supporters questioning the logic of the deal when Unai Emery is already struggling with a restricted transfer budget.
Atletico Madrid are eyeing up a move for James Rodriguez, according to a report on Spanish radio.
James is not in Zinedine Zidane's plans at Real Madrid, having spent the past two seasons at Bayern Munich, who declined the opportunity to take the Colombian on a permanent transfer.
Cadena SER says James would be open to a move that would allow him to continue his career in La Liga.
The rumour mill has well and truly kicked in after Rafa Benitez's shock departure with names as diverse as Jose Mourinho and Giovanni van Bronkhurst linked to the job.
While Wenger's name has also been mentioned, however, the Frenchman has admitted his is not ready to give up the good life relaxing out of the game. Here's more:
Tottenham are hoping to complete a deal for the 22-year-old Tanguy Ndombele to fill a gap in midfield, which could see Eric Dier and Victor Wanyama pushed to the fringes.
And Manchester United are rumoured to have pulled out of the race for Leicester City’s Harry Maguire after the club slapped a chunky £100m price-tag on the defender’s sizable head.
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