Manchester United are continuing to overhaul their squad and could be set to lose Paul Pogba to Real Madrid, who are looking to sell James Rodriguez to finance the deal.
Arsenal meanwhile continue to scrap with their limited transfer budget and are turning their interest to Chelsea midfielder Tiemoue Bakayoko, but face competition from United and Paris Saint-Germain.
Neymar and Antoine Griezmann are currently out of favour at their clubs and both are likely to face disciplinary action after failing to turn up on the first day of training at PSG and Atletico Madrid respectively.
Welcome to The Independent's transfer news live blog, where we'll brings you all the latest moves in the summer window as Manchester United, Arsenal and Tottenham all continue their business along with the rest of Europe's leading clubs.
We have plenty of news this morning involving United, including updates on Real Madrid's attempt to being Paul Pogba to the Bernabeu and the latest on Arsenal's attempts to bolster their playing squad.
Let's start with the huge news that Real Madrid are convinced that they can sign Paul Pogba from Manchester United.
Pogba recently revealed that he feels the time is right for a "new challenge" and put some of Europe's top clubs on alert, including Madrid.
Reports in the Daily Mail suggest that the Zinedine Zidane's side is confident that Pogba will snub his former club Juventus in favour of a move to the Spanish capital, and Madrid are preparing to sell James Rodriguez to fund such a deal.
Pogba's agent, Mino Raiola, said last week: "Everyone within the club from the manager to the owner knows Paul's wishes. Everyone knows the willingness of Paul to move on. We are in the process of that."
PSG will listen to offers for Neymar and are willing to sell him if the price is right, confirmed the club's sporting director.
Neymar was absent from training on Monday amid growing speculation that he will leave the French champions this summer, with Barcelona interested in bringing him back to the Nou Camp.
Leonardo said: "Neymar can leave PSG, if there is an offer which suits everyone”
Pontus Jansson says he "really believes" in Brentford after switching Leeds for West London in a shock-deal last night.
Jansson played a key role in Leeds' run to the play-off semi-final and was named in the Championship PFA team of the year.
"Leeds will always be a part of me and my family," he added after joining Brentford on a three-year deal for an undisclosed fee.
Manchester United, Arsenal and PSG are set to battle it out in an effort to sign Chelsea midfielder Tiemoue Bakayoko.
The French midfielder endured a difficult season in his first year at Chelsea after completing a £40m switch from Monaco and spent last season on-loan at AC Milan where he re-established himself.
French outlet RMC Sport are reporting that Chelsea will make a decision on his future during their pre-season trip Ireland.
Manchester United are set to hold talks with Sergej Milinkovic-Savic after his agent arrived in London last weekend.
The 24-year-old midfielder has long been linked with a move to Old Trafford and Napoli will not budge on their £120m valuation.
The Serbian midfielder is viewed as a number of players that will be able to replace Paul Pogba should he leave the club this summer.
Arsenal are close to completing a £25m deal to sign William Saliba from Saint Etienne.
The 18-year-old defender impressed Unai Emery last season and is viewed as a long-term replacement for Laurent Koscielny.
Arsenal are operating with a relatively limited transfer budget this summer, but the deal will not eat into the £40m available this summer, according to The Evening Standard who report that the fee will be structured.
Atletico Madrid have opened disciplinary proceedings against Antoine Griezmann after he failed to report to training.
Griezmann has been caught up in a row with the club over a move to Barcelona that he agreed in March between crucial Champions League ties.
Romelu Lukaku remains one of Inter Milan's top transfer targets this summer as speculation over Maro Icardi's exit grows.
Antonio Conte tried to bring Lukaku back to Chelsea from Everton in 2017 and will try to do so again.
The Mirror are reporting that Lukaku may play against United by the time Inter face Ole Gunnar Solskjaer's side on July 20 in a pre-season match.
Inter Milan CEO Giuseppe Marotta said: “We are working hard to get the best squad possible for the new season. We are ambitious and want the best team possible. We also must find ways to respect all financial perimeters, too. We cannot rush things because that can lead to mistakes."
Serie A side Fiorentina are interested in signing Javier Hernandez from West Ham, according to Italian publication Corriere dello Sport.
Chicharito joined the Hammers in 2017 and the 31-year-old has one year left on his contract, but with the east London side pursuing Celta Vigo's Maxi Gomez, the Mexican striker's game time could be under threat.
Manchester City winger Leroy Sane is expected to decide his future in the next week, says Bayern Munich chairman Karl-Heinz Rummenigge.
“He’s coming back from holiday this week, and didn’t want to discuss anything while he was away," Rummenigge said of the 23-year-old, who is the German champions' number one summer transfer target.
"He wanted to think about his future. Now we have to be calm and wait."
Everton could face competition from Arsenal in their pursuit of Barcelona forward Malcom, RMC Sport have reported.
The Brazilian was a Toffees' target in January, but chose to stay at the Nou Camp and fight for a place in Ernesto Valverde's side.
He ultimately earned just six La Liga starts last season though, and Everton have renewed their interest in the 22-year-old, with Arsenal also monitoring the forward.
David Neres has said that he is staying at Ajax, despite interest from Premier League sides Manchester United and Everton.
Neres, 22, was a vital part of Ajax's team last season as the Dutch side secured the Eredivisie title and reached the Champions League semi-finals.
The Brazil international says he sees his future in the Dutch capital: "I have to be back at Ajax on July 28. My future is with Ajax," Neres said after his nation lifted the Copa America trophy on Sunday.
Manchester United have approached Southampton about the possibility of signing midfielder Mario Lemina, according to Sky Sports.
The Saints have given the Gabon international permission to speak to other clubs, and did not take the 25-year-old on the team's pre-season training camp in Austria.
Paul Pogba's agent, Mino Raiola, has said that he is working with the Manchester United midfielder to find a "solution" regarding the Frenchman's future.
Speaking to talkSport on Tuesday, Raiola said: “Hopefully there will soon be a satisfying solution for all parties. The player has done nothing wrong. He has been respectful and professional in every way and always. The club has known his feeling for a long time.
The agent continued: "It is a shame other people only like to criticise without the right information, and I am also sorry that the club does not take any position against this."
West Ham must act today if they are to secure Maxi Gomez from Celta Vigo, according to The Daily Mail.
The La Liga side have reportedly issued the Hammers an ultimatum to reach an agreement for the striker before Wednesday, or Gomez will join fellow suitors Valencia.
The 22-year-old has a £45m release clause, which West Ham must trigger to prevent Gomez from moving to Valencia in a £13m plus player deal.
It's been rumoured that Ousmane Dembele is on his way out of the Nou Camp, but the Barcelona forward started pre-season training today, a week before his team-mates.
The World Cup winner, 22, is determined to display his commitment to the La Liga champions, Cadena SER have reported.
Barca president Josep Maria Bartomeu claimed earlier this year that the young Frenchman is better than Neymar, and Dembele's eagerness to start training contrasts starkly with Neymar's absence for PSG this week.
Muric completes loan move to Forrest
Manchester City and Carabao Cup legend goalkeeper Arjianet Muric is hoping his season-long loan move to Nottingham Forest can help him reach his potential.
Kosovo international Muric, 20, who made five Carabao Cup appearances for City last season, is Forest's fifth summer signing.
Muric joined Forest after signing a three-year contract extension with City and is looking forward to the responsibility of playing in the first team.
He said: “going on loan to Nottingham Forest will give me the opportunity to gain more first-team experience and I’m looking forward to the challenge.”
Liverpool sign Bailey
Liverpool FC Women have completed the signing of Jade Bailey from Chelsea.
The midfielder, 23, started her career at Arsenal, where she broke into the team in 2013 and won two FA Cups and two Continental Cups.
Bailey said: "It's such a great club and to be a part of that is just amazing. I want to be the best and I know there's still loads more to come.
"I have a belief in myself and know where I want to get to.
"There's a lot more to come from this team and it's nice to be a part of that and hopefully contribute to the success of the club."
The Liverpool women's team will join the men's side on their pre-season tour of the USA, a club first.
Manchester City women have also been busy in the transfer market today and confirmed the signing of Aoife Mannion on a two-year deal from Birmingham City.
The 23-year-old is a highly rated youngster and was named in the 2019 PFA WSL team of the year.
“I’m so happy to be here, so happy to have signed and I can’t wait to get started” the defender told CityTV.
“The appeal of the club speaks for itself with the league titles and trophies the Club has won.
“The accolades are there and I just want to try and play a part in ensuring that continues to happen.
“When I spoke with Nick (Cushing) about making the move, we just seemed to be on the same wavelength and wanted the same things.
“We want to keep being successful and have a real pop at Europe which is the one trophy to have eluded us so far.”
Mannion will now get a greater taste of European football as City target Champions League success.
“I’m so excited about playing in the Champions League,” Mannion added.
“I’ve only played in it once for Birmingham and that was six years ago and it wasn’t until the experience had gone by that you really appreciated it."
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