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Arsenal have been cleared to sign Alvaro Morata with Juventus willing to accept £60m (€83m) for the striker. Juve and Real Madrid, who retain a buy-back option, are willing to sell him and spilt the cash.
PSG are the latest team to show interest in Real Madrid defender Raphael Varane. The French side are keen to beat Manchester United and Chelsea to his signature.
Juventus are keeping a close eye on the development of Olympiakos left-back Arthur Masuaku with a view to a potential summer move.
Juventus are ready to make a move for Olympique de Marseille striker Andre-Pierre Gignac at the end of the season, with the Frenchman available on a free transfer come June.
Manchester United have made a €7.8 million bid for Brazilian teenager Kenedy. The Fluminense attacker, dubbed the 'new Neymar', is also wanted by Barcelona but United have made an early move to land the wonderkid.
Tottenham have made an approach for Malaga midfielder Ignacio Camacho. The Spanish club are believed to want £20m for the highly-rated midfiedler.
Real Madrid have agreed a deal with Porto for full-back Danilo. Contracts have been drawn up and are just awaiting signature from both parties.
Chelsea are to offer Nemanja Matic a deal that will see the midfielder earn £4.8m-a-year at Stamford Bridge. The 26-year-old will earn £93,000-a-week on a contract that lasts until 2020.
Southampton are to offer midfielder Morgan Schneiderlin a deal that will make him the best paid player at the club in a bid to tie him to St Mary's and ward off interest from Arsenal.
Crystal Palace are planning a move for Chelsea striker Loic Remy. Alan Pardew is keen to bring the French striker to Selhurst Park provided the Eagles retain their Premier Leageu status.