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Rivals Manchester City and United have both been alerted to the possible availability of £25 million-rated Barcelona winger Pedro, who is unhappy with a lack of game time at Camp Nou.
Manchester United are confident of beating Chelsea and Manchester City to £50m-rated Paris Saint-Germain striker Edinson Cavani.
Celtic are hoping to convince David Moyes to part ways with Manchester United youngster Nick Powell this summer. The on-loan Wigan midfielder has impressed in the Championship this campaign.
Chelsea are lining up a shock move for Arsenal centre-back Thomas Vermaelen. The Belgian has slipped down the pecking order under Arsene Wenger and his contract expires in 2015.
Barcelona will consider a move for Newcastle shot-stopper Tim Krul in the summer if their transfer ban is lifted as they look to replace outgoing Victor Valdes.
Danny Welbeck is considering his future at Manchester United as he is unhappy with his lack of playing time under David Moyes. Arsenal and Tottenham are both monitoring the forward.
Manchester United are monitoring Lille centre-back Simon Kjaer as they look to bolster their defensive options in the summer.
Paris Saint-Germain's hierarchy are satisfied with how the team have performed this season and are set to offer coach Laurent Blanc a contract extension.
Barcelona are considering Louis van Gaal as Tata Martino’s replacement this summer. The 62-year-old Dutchman is also wanted by Tottenham.
Barcelona are set to replace under-fire coach Gerardo Martino with Athletic Bilbao counterpart Ernesto Valverde at the end of the season.