As always, Transfer Talk has its finger on the pulse when it comes to all the latest rumours and gossip.

TOP STORY: Sterling seals Man City move

Raheem Sterling has become the most expensive Englishman ever after joining Manchester City from Liverpool for a fee that could rise to £49 million.

City have paid an initial £44m for the winger, which could go up by a further £5m depending upon add-ons, after he passed a medical and agreed personal terms.

Manchester United target Cavani and Otamendi

Less than 24 hours after wrapping up deals for Bastian Schweinsteiger and Morgan Schneiderlin, news emerges that Manchester United are prepared to continue splashing the cash this summer. According to a report in the Express, the 20-time English champions are preparing to dole out £75 million to land Edinson Cavani and Nicolas Otamendi.

LIVE BLOG:

22.52 BST: One last tidbit for our devoted transfer fans before we sign off from the live blog for the day. We'll be back later with tomorrow's paper rounds and do the whole live thing over again tomorrow.

Who's more likely to wind up at Manchester United, Nicolas Otamendi or Sergio Ramos?

22.19 BST: Some big deals have happened in recent days and none bigger than the shock news that Bastian Schweinsteiger was leaving Bayern Munich for Manchester United. ESPN FC's Raphael Honigstein breaks down the reasons Bayern would sell the Germany captain, who's made 342 appearances for the club since joining the senior team in 2002.

21.53 BST: Are transfer fees like the £49m Man City paid Liverpool for Raheem Sterling the new norm? The FC team debate.

21.30 BST: Crystal Palace backup goalkeeper Wayne Hennessey is nearing a reunion with Tony Pulis at West Brom, according to the Guardian. Hennessey came over to Palace in January 2014 when Pulis was in charge at Selhurst Park, but hasn't played much in his time there and is in need of minutes to secure his spot as Wales first-choice in net for next year's Euro in France.

Hennessey, who's only started three Premier League games since joining Palace, could get a chance with Pulis, as West Brom's current No. 1 Ben Foster is still recovering from a knee injury sustained in March. West Brom could pay up to £3.5m, while new Palace manager Alan Pardew is already lining up a replacement for the Welshman in the form of QPR's Alex McCarthy.

21.10 BST: "We might be signing for Lazio."

Who said that and who is it reference to? It's the agent of Aston Villa defender Ron Vlaar, who is apparently heading to Serie A.

The 30-year-old defender was reportedly seen in Rome's Fiumincino Airport on Tuesday night and when asked about his reason for visiting the Italian capital, Vlaar's agent had the above to say.

Another one to keep an eye on!

20.55 BST: Are you a team in the market for striker/curse Gonzalo Higuain? Well it looks like you're out of luck: Napoli president Aurelio de Laurentiis says the Argentine front man is going nowhere.

Said ADL to Italian outlet Mediaset Premium Sport tonight: "There is absolutely no chance that Higuain will leave," declared De Laurentiis. "Gonzalo is a Napoli player."

The fiery words were in reference to frustration from Higuain's agent over Napoli's continued reference to his "release clause" as a tactic to turn teams away from making inquiries.

20.45 BST: Is the Mario Gomez train heading to Turkey?

Updating an earlier entry, several media outlets in Turkey (namely LigTV) are reporting that Besiktas have indeed agreed in principle on a deal to take the 30-year-old German striker from Fiorentina.

Noted transfer whiz Gianluca Di Marzio also confirmed that the two clubs were in talks.

Having sold Demba Ba on to Chinese Super League club Shanghai Shenhua earlier in July, Gomez would make a natural replacement up front. Sorry, Liverpool; it looks like this is yet another striker you've missed out on.

20.34 BST: Another one from Sky sources, as Algeria striker Islam Slimani is reportedly on the radar of four Premier League teams.

Slimani, 27, has scored 20 goals in 47 games for Sporting Lisbon since 2013 and was part of an impressive World Cup run with the Algeria in 2014, even having a goal disallowed in their 2-1 round of 16 defeat to eventual winners, Germany.

The four teams in question: Newcastle United, West Ham, Leicester City and West Brom. Hey, maybe West Brom see him as a replacement for Sessegnon! This Transfer Talk stuff is easy sometimes.

Reports indicated Slimani would cost any new club in the region of £7 million.

20.20 BST: Let's play a quick game of "What's in a Tweet?" shall we?

WBA U21s XI vs @HerefordFC: Ross, Ezewele, A Trialist, Howkins, McCourt, Elbouzedi, S Nabi, Sessegnon, Leko, Edwards, Wright. - West Bromwich Albion (@WBAFCofficial) July 14, 2015

Looking beyond "A Trialist," Sky Sports reckons that the inclusion of Stephane Sessegnon, which also means he won't be going with West Brom on their preseason tour, means he'll be sold before the start of the season.

Both he and Cristian Gamboa were excluded from the 10-day trip to the U.S., though Gamboa's got a good excuse: he's currently trying to help Costa Rica do well in the Gold Cup. As for Sessegnon, there are rumours that the Baggies are open to offers for the 31-year-old forward. After all, he did have to take an expensive taxi home from WBA's game at Newcastle in May following an argument with manager Tony Pulis over his omission from the squad.

20.02 BST: Will Carlos Vela still be at Real Sociedad next season? Club president Jokin Aperribay is confident that he won't be joining, say, Atletico Madrid.

Said Aperribay, "We are not considering Vela's exit. It is not true that Atletico are interested, they have not contacted me. I refer you to the clause but I repeat, I repeat that no one has contacted us."

Doth he protest too much?

19.45 BST: News involving Dani Osvaldo up next. You remember him: the guy who started a fight with Southampton teammate Jose Fonte, was sent on loan to Juventus, then sent back to Southampton and then back out on loan to Inter, where his loan was cut short after a feud with Mauro Icardi, and then sent on loan again but this time to Boca Juniors?

Yeah, him. Anyway, reports from ESPN Deportes reckon he's on the verge of signing with Liga MX side Cruz Azul, pending some negotiations and a physical. The source quotes someone close to Osvaldo, which makes it TT-worthy.

19.30 BST: Is Giovani Dos Santos close to being announced as the newest member of the Los Angeles Galaxy? Bear with us for a second here...

The Mexican playmaker has been strongly linked with a move to MLS for weeks after two reasonable seasons for Villarreal after failing to make an impact at Tottenham. And now there's a seemingly innocuous trade involving NYCFC and the LA Galaxy that might help clear room for Los Angeles to land their next star.

NYCFC are receiving an international roster spot from LA in exchange for allocation money, which might help fulfill the long-rumoured effort to turn Omar Gonzalez's Designated Player contract into a regular contract. Such a move would free up a DP spot for none other than Mr. Dos Santos.

Watch this space. The Galaxy wouldn't announce this ahead of tonight's game, a U.S. Open Cup quarterfinal vs. Real Salt Lake, for no reason...

19.20 BST: DONE DEAL Something out of Major League Soccer up next! New York City FC has added another signing after a flurry of them in recent weeks, scooping up Colombian defender Jefferson Mena.

The 26-year-old joins MLS after a strong spell at Independiente Medellin from 2011-15 and should help a struggling defensive unit that just shipped four goals at home to Toronto FC. For all their recent starry acquisitions -- Frank Lampard, Andrea Pirlo and Andoni Iraola -- it's at the back where they need the muscle.

Said Mena via NYCFC's website: "I'm very excited to join an ambitious club like New York City FC and to work with a very strong squad. I look forward to meeting my new teammates and learning from the coaching staff while exploring my new home in the great city of New York. I am particularly excited about playing in front of New York City FC Fans, who I hear create a great atmosphere for the team at Yankee Stadium." Of course he said all that.

Mena will join up with his new team later in July and is "eligible for immediate selection pending receipt of his International Transfer Certificate, P-1 Visa and a physical." Okay!

19.10 BST: DONE DEAL involving newly promoted Watford. They've just announced a four-year deal for Cameroon defender, Allan Nyom.

OFFICIAL: Cameroon international right-back Allan Nyom has signed a 4-year deal at #watfordfc http://t.co/x5qGz0dX0P pic.twitter.com/8xaVlNmwft - Watford FC (@WatfordFC) July 14, 2015

Nyom, 27, is a decent enough right-back who has been with Udinese since 2009, prior to which he was at Arles-Avignon in France. Yet he spent the past six seasons "on loan" at Granada in Spain. The connection: both Udinese and Granada are owned by Giampaolo Pozzo, who also owns Watford!

So there you have it. Football!

18.55 BST: Some news involving Chelsea and Fiorentina... it seems that the two teams are making headway regarding Mohamed Salah.

Salah spent the second half of last season on loan at Fio when Juan Cuadrado made the move to Stamford Bridge, and there was a reported clause in the deal allowing the Serie A side to extend that loan for another full year at a cut-rate price of €1 million.

Yet Salah had reportedly refused to extend that loan, triggering some contention between the two sides. (There was even a report of Fiorentina's demands, namely a cheap loan of Ruben Loftus-Cheek, in dictating how this could be resolved.

But according to Fiorentina director Andrea Roggi, all is well.

"The rapport between Fiorentina and Chelsea is excellent. There has been some contact between clubs. Our position is open to a solution, without forgetting that we have more than one reason to feel we are right about this.

"We want to emerge from this situation in an amicable manner. Chelsea have many interesting players and this could be the route we go down."

18.40 BST: With so many Premier League clubs already making deals this summer to improve their squads, why aren't Everton doing the same? Is Roberto Martinez showing a damaging lack of ambition?

ESPN FC's Ross Dyer and Alejandro Moreno offer their thoughts about the quiet offseason so far at Goodison Park.

18.25 BST: Here's a fun rumour out of Serie A. Italian media Tuttomercato and Germany's BILD are both reporting talks between Bayer Leverkusen and Internazionale over the Nerazzurri's young Croatian midfielder, Mateo Kovacic.

Kovacic, 21, was reportedly on Liverpool's radar at one time but Inter were reportedly unwilling to make a deal. Yet with recent expensive signings like Geoffrey Kondogbia and Miranda, they'll need to offload some players (Davide Santon, Xherdan Shaqiri and Fredy Guarin are also reportedly on that list) and Kovacic would definitely help offset this summer's spending.

The price tag for Kovacic? In the region of €20 million.

18.11 BST: DONE DEAL Big news in the Championship as Reading FC have confirmed the signing of former Wigan Athletic goalkeeper, Ali Al Habsi.

SIGNED: Ali Al-Habsi has put pen to paper on a two-year deal with the Royals this afternoon - http://t.co/VDxehxB64a pic.twitter.com/y22p6xJ429 - Reading FC (@ReadingFC) July 14, 2015

Al Habsi made brief waves in the Premier League back in 2011-12 for his penalty-saving skills but spent last season on loan at Brighton & Hove Albion before the Latics were relegated to League One.

He signed a two-year deal at Reading.

17.58 BST: Let's talk about Chicharito, shall we?

Reports in Turkey say he's being courted by Besiktas? Weird, right? Hard for him to be talking to them while he's in negotiations with Orlando City SC, as well.

But the fact that Chicharito's agent has confirmed conversations means it's all on the table.

Said Marijo Knez, "Besiktas are interested in Chicharito. Let's see what happens, it all depends on the talks but I do not think we are talking a very high fee."

Chicharito spent last season on loan at Real Madrid, where he managed seven goals and four assists in 23 La Liga appearances.

17.53 BST: Another tidbit on the unloved Swansea City player, Michu. According to Swans boss Garry Monk, he's pretty much out the door.

Said Monk to the BBC, "You never say never in football so I wouldn't totally exclude Michu at all, but it's very highly likely he'll be moving on to a new club.

Not that Mr. Monk knows where he's heading. "I wouldn't know in terms of where he's going to go. I know the chairman [Huw Jenkins] is speaking to his agents, his representatives about that situation and trying to clarify that exactly. Hopefully in the coming days when it's been resolved we can see what happens there."

"Never say never" is a decent rule but in this case, it seems fairly cut and dry. Michu was on loan at Napoli last season but a reunion with the club that loved him, Rayo Vallecano, seems a better bet at this intriguing point in the summer window.

17.39 BST: West Ham midfielder Stewart Downing is poised to leave the club to rejoin hometown side Middlesbrough, sources have told ESPN FC.

Click here for the full story.

17.24 BST: Liverpool's confirmation of Raheem Sterling's transfer to Man City could be best described as being typed through clenched fists.

"Liverpool Football Club can confirm Raheem Sterling has completed a transfer to Manchester City.

"The 20-year-old departs Anfield after 129 appearances and 23 goals for the Reds.

"Liverpool FC wishes Raheem well."

That last sentence is akin to getting a fake smile from an ex -- so much hidden underneath the pleasantries.

17.17 BST: The only thing more official than a player signing a contract with a club is for that club to then release a video of the first shirt printing...

17.08 BST: Raheem Sterling has become the most expensive Englishman ever after joining Manchester City from Liverpool for a fee that could rise to £49 million.

#LFC can confirm Raheem Sterling has completed a transfer to Manchester City http://t.co/gzc6SJew3J pic.twitter.com/PBZAuRCc2k - Liverpool FC (@LFC) July 14, 2015

16.55 BST: Here's our full story on Carl Jenkinson's future -- can the young defender prove himself once more at Upton Park to earn a future role at Arsenal?

16.43 BST: Arsenal have confirmed that Carl Jenkinson has a future at the club, with the defender signing a new long-term contract with the Gunners before leaving on loan to West Ham for first-team opportunities -- that's a deal that works for all parties.

Carl Jenkinson has signed a new deal at @Arsenal and returned to West Ham on loan. Full story: http://t.co/FdIm6rPaoX pic.twitter.com/nPZ1lQNlue - Arsenal FC (@Arsenal) July 14, 2015

16.37 BST: DONE DEAL West Ham have confirmed the capture of Carl Jenkinson on another year-long loan from Arsenal -- that's great business for the Hammers.

BREAKING: #WHUFC are happy to confirm the return of Carl Jenkinson on a season-long loan from @Arsenal #WelcomeJenko pic.twitter.com/iI8BT42ziQ - West Ham United FC (@whufc_official) July 14, 2015

16.32 BST: More Jordy Clasie news -- a source has told ESPN FC that Southampton are hopeful of concluding a deal to sign the Feyenoord captain. Real the full story here.

16.26 BST: Arsenal are ready to send Wellington Silva out on loan to an English club after agreeing a new contract with the Brazilian, sources have told ESPN FC. Read more here.

16.10 BST: We could be set for a big announcement concerning Raheem Sterling soon, with the Liverpool forward having reportedly completed his medical at Manchester City ahead of a £49 million move.

Sterling completes medical ahead of £49m move to Man City. Once paperwork done will join squad in Australia mcfc #lfc pic.twitter.com/3VDJn5AXE0 - David Ornstein (@bbcsport_david) July 14, 2015

16.02 BST: Southampton are hopeful of concluding a deal to sign Feyenoord captain Jordy Clasie, a source has told ESPN FC.

Click here for the full story.

15.53 BST: Bad news for Stoke -- watch the video below to find out if you dare, Potters fans...

15.45 BST: Birmingham midfielder Demarai Gray has signed a new three-year contract with the club. Read more here on the reported Liverpool target's deal.

15.37 BST: A big disappointment for any teams hopeful of signing William Carvalho from Sporting Lisbon now, as the midfielder has fractured his tibia and will be out for approximately 10-12 weeks -- that surely rules out a transfer this summer.

William Carvalho lesiona-se na selecção sub-21 e pára de 10 a 12 semanas: https://t.co/3qbu5eEXV9 pic.twitter.com/xcaZCKdKBF - Sporting CP (@Sporting_CP) July 14, 2015

15.24 BST: The perils of waiting for a deal -- Sevilla have pulled out of the race to sign Juventus right-back Mauricio Isla due to his price rising after an impressive Copa America with hosts and winners Chile. Find out more here.

15.08 BST: DONE DEAL Toulouse have signed goalkeeper Mauro Goicoechea from Portuguese side Arouca. Click here for the story.

14.56 BST: Barcelona coach Luis Enrique has confirmed that he had requested that the club sign Aleix Vidal and Arda Turan this summer, although he admitted it was a "problem" that neither would be able to play until January.

Click here for more on Barca's conundrum.

14.51 BST: Yet another striker may be joining Robin van Persie out the Old Trafford exit door this summer, with Goal reporting that West Ham have tabled a £9 million offer for Manchester United's Javier "Chicharito" Hernandez.

Chicharito is understood to earn around £82,000 a week at United, but the Hammers reportedly believe they can convince the Mexico international to take a drop in wages to strike a deal.

14.45 BST: With Robin van Persie off to Turkey, ESPN FC's Andy Mitten examines the striker's Manchester United career.

- Van Persie departs Old Trafford unhappily but after many good times

14.30 BST: The Premier League bids goodbye to a great as Fenerbahce have welcomed Manchester United striker Robin van Persie to Turkey.

Click here for the story.

14.15 BST: Angel Di Maria could be a step closer to a massive move to PSG, with the Mirror reporting that the French champions are willing to match the Manchester United midfielder's £200,000-a-week contract and attempt to push through a £43 million transfer.

14.05 BST: Everton's new recruit Tom Cleverley says that he feels no bitterness towards his former club Manchester United and plans to revive his flagging England career. Click here for the story.

13.50 BST: It's not a summer transfer window without Nicklas Bendtner -- the striker believes Wolfsburg can challenge Bayern Munich for the title if they pick up where they left off last season.

"It's exciting to see whether we play such a season again," he told Bild. "If we do then we have a chance of challenging Bayern -- even if they probably have the strongest team."

The Denmark international scored just once in 18 appearances and knows he has to improve, adding: "Personally I was very disappointed with my last season. The next one is very important. I'm giving everything to convince the coach [Dieter Hecking] that I should play every game and that he can rely on me."

13.41 BST: More confusion over Victor Valdes' future courtesy of the man himself.

The goalkeeper has been linked with a move away from Manchester United after being left out of their preseason tour, but took to Twitter to suggest he is at Carrington in training ahead of another season at Old Trafford. An injury perhaps?

Who knows...click here for the story.

After a Hard Training Session this morning, i am working hard for this Season ! Come on You Reds !!!! pic.twitter.com/eVStvlcPMj - Victor Valdes (@1victorvaldes) July 14, 2015

13.34 BST: Villarreal are still hopeful that Denis Cheryshev will play for them next season despite the Real Madrid winger being linked with top clubs including Liverpool.

Click here for the story.

13.18 BST: DONE DEAL David Moyes has added another defender to his Real Sociedad squad, with Diego Reyes signing from Porto on a year-long loan with the option to buy out his contract. Click here for more.

Official Statement: Agreement reached on Diego Reyes loan. Welcome @Diego_Reyes13!! pic.twitter.com/n0xR7XOfJi - Real Sociedad (@RealSociedadEN) July 14, 2015

13.12 BST: It's a brave new world for Liverpool with Raheem Sterling set to join Man City. But fear not, Anfield fans, as six players -- Adam Bogdan, Joe Gomez, Danny Ings, James Milner, Nathaniel Clyne and Divock Origi -- are set for their first-team debuts in Bangkok today.

13.04 BST: The Sun reports that Southampton are set to sign £8 million-rated Jordy Clasie from Feyenoord as Morgan Schneiderlin's replacement.

12.50 BST: It's easy to make enemies in the transfer window... Genoa president Enrico Preziosi has revealed how he and AC Milan CEO Adriano Galliani had a bust-up over midfielder Andrea Bertolacci this summer.

Click here to find out why.

12.40 BST: More on Pedro now -- Barcelona coach Luis Enrique said he wants to keep the forward at the Camp Nou, but accepts it is down to the Spain international to decide his own future. Click here to find out more.

12.26 BST: It's been a superb few days for Manchester United in the transfer market, but Robert Lewandowski's agent has claimed his client has little interest in a move to Old Trafford.

The Daily Mail quotes the striker's agent Cezary Kucharsk as telling Polish TV: "I think it would have to be a very high offer, definitely higher than €50 million (£35m).

"There is no reason, apart from money to be honest, to even think about it. Bayern would have to think about why they would get rid of Robert Lewandowski? It seems to me that there is no reason to even think about it."

12.16 BST: Martin Skrtel has revealed he turned down Inter Milan to sign a new three-year contract with Liverpool.

"Obviously there was talk about that [Inter Milan] but the priority for me was always to stay at Liverpool and sign a new contract here," the Liverpool Echo quotes Skrtel as saying. "Inter Milan are a big club but to my mind Liverpool are bigger."

Liverpool tied centre-back Martin Skrtel down to a new deal at Anfield despite interest from Italy.

12.05 BST: Nottingham Forest manager Dougie Freedman says he has no intention of letting West Brom sign star winger Michail Antonio.

"I have not had any conversations personally, with Tony Pulis," Freedman told the Nottingham Post. "But even if a bid were to come in, why would we want to sell one of the brightest talents outside of the Premier League, for any kind of money?"

11.58 BST: According to French media reports, Sao Paulo have made a €4 million offer for Marseille defender Doria, who was on loan at the Brazilian club for the second half of last season.

11.46 BST: Despite Chelsea's reported interest in Pedro, Barcelona boss Luis Enrique insists he wants the Spain forward to stay at the Camp Nou.

On Pedro: "I don't want any of my players to leave. I have always highlighted his performances." - @LUISENRIQUE21 #FCBlive - FC Barcelona (@FCBarcelona) July 14, 2015

11.38 BST: An update on Granit Xhaka now -- after Borussia Monchengladbach's sporting director insisted earlier that a move wouldn't happen, Xhaka has now played down talk of a move to Bayern.

"I've never had any contact with Bayern," the Swiss international told SportBild. "I feel really comfortable [at Gladbach] -- that counts."

11.34 BST: Raheem Sterling is undergoing a medical at Manchester City, according to Sky Sports. Sources told ESPN FC this weekend that Liverpool and City had agreed a £49 million fee, so expect more movement on this one soon.

11.30 BST: Borussia Monchengladbach say they will resist any approach from Bayern Munich to purchase midfielder Granit Xhaka this summer.

Xhaka, 22, was linked with a move to Bayern earlier this year and Gladbach have moved to dismiss fresh speculation after the Bundesliga champions sold Bastian Schweinsteiger to Manchester United. Click here for the story.

11.21 BST: Twists and turns in the Mario Gomez transfer story (it's not a saga just yet) -- Liverpool face competition to sign Mario Gomez from Fiorentina with Besiktas joining the race, according to Radyospor.

Meanwhile, turkish-football.com reports that Liverpool are actually in pole position for the striker after Eurosport stated that Fiorentina are unwilling to let Gomez leave on loan, preferring a full transfer.

11.14 BST: Sami Khedira declared himself "honoured" to be able to pull on a Juventus shirt after he took part in his first training session for the Serie A champions.

After undergoing routine medical tests in Turin -- he had already passed an official medical before signing for the Turin club -- he took part in Juve's first preseason training session ahead of their bid for a fifth straight Serie A title.

11.08 BST: Schalke have confirmed that they are exploring the possibility of signing Inter Milan's Xherdan Shaqiri. Click here for the story.

11.02 BST: DONE DEAL Palermo have signed PSV Eindhoven midfielder Oscar Hiljemark for an undisclosed fee. The Sweden international, who had two years left on his contract with the Eredivisie club, has put pen to paper on a four-year deal with the Italian outfit.

10.55 BST: Poor Salvatore Sirigu -- Paris Saint-Germain have told the goalkeeper he can leave the club this summer if he is unhappy following the signing of Kevin Trapp. Click here for the full story.

10.48 BST: Bad news for Arsenal fans -- Alexis Sanchez will miss Arsenal's opening game of the 2015-16 Premier League season, according to manager Arsene Wenger.

Could that force the Gunners into the transfer market given the Chile star's gruelling 2014-15 campaign? Click here for the story.

10.40 BST: Despite what you may think about the nature of Iker Casillas' exit from Real Madrid, is the Spain captain actually the right goalkeeper for Porto? Andy Brassell investigates...

- Have Porto made a good move by signing Casillas?

10.34 BST: Thiago Motta has opened the door to leaving Paris Saint-Germain this summer, and suggested to Gazzetta dello Sport he would welcome a return to Inter Milan.

Motta, who turns 33 next month, has just a year left on his PSG contract, and with talks on an extension making no progress, speculation has been mounting the Italy international will leave despite coach Laurent Blanc's desire to keep him. Click here for the full story.

10.21 BST: Palmeiras have been busy this year -- Reuters reports that the Brazilian club have made Paraguay striker Lucas Barrios their 24th new signing of 2015 after confirming a deal late on Monday. Yep, 24.

10.15 BST: Real Madrid president Florentino Perez has given a strong indication that Sergio Ramos will remain at the club this summer.

"The players who are under contract and leave, it's because they want to," he told the media. "Then there are players who are under contract and leave, and others who the club don't want to leave. Those players will not depart."

With David De Gea off on Manchester United's preseason U.S. tour, this summer's main transfer saga could well be over already. Click here for the story.

10.08 BST: Arsenal may have to look elsewhere for a new striker this summer, with Pierre-Emerick Aubameyang likely to stay at Borussia Dortmund.

Suddeutsche Zeitung reports that the Gunners were ready to pay close to €50 million for the Gabonese international, 26, who was the German club's top scorer last season with 16 goals in 33 Bundesliga matche. Paris Saint-Germain are also said to be interested, but BVB have no interest in selling him.

10.00 BST: Marca reports that Atletico Madrid boss Diego Simeone is desperate to bring Filipe Luis back to the Vicente Calderon, though a loan deal looks a no-go.

The Spanish paper suggests that while Atleti are unwilling to spend the full €20 million they banked for the left-back a year ago, Simeone is set on bringing the defender back to Spain despite the brazilian being on the brink of 30.

09.51 BST: Manchester United fans still shocked at the one-two-three combo of Matteo Darmian, Bastian Schweinsteiger and Morgan Schneiderlin -- those deals did actually happen, and your new signings are already training in Seattle.

Here are the first training pics from #MUtour, from Monday's evening session in Seattle. pic.twitter.com/TobPDtjJm7 - Manchester United (@ManUtd) July 14, 2015

09.43 BST: The ambition of Petr Cech is giving Arsenal's squad confidence they can challenge for the Premier League title next season, says club captain Mikel Arteta.

Click here for the story.

09.25 BST: Mark Hughes says Stoke City may struggle to take Victor Moses back to the club as he is currently in Chelsea boss Jose Mourinho's plans for the time being, at least.

Not many Blues fans suspected that, we would have thought -- click here for the story.

09.00 BST: In news that may disappoint Everton fans, manager Roberto Martinez has hinted that the Toffees are unlikely to make any major signings ahead of the new Premier League season, which begins on Aug. 8. Click here for the story.

08.42 BST: Sneijder to United at long last! Yes, Rodney Sneijder looks set for Dundee United. (Sorry.)

Reports: Sneijder looks set to sign for Dundee United http://t.co/wikgSyFZcV - Tele Sport (@Tele_Sport) July 14, 2015

08.28 BST: And another La Liga rumour from our friends at AS.

Real Madrid youngster Diego Llorente is set to join Rayo Vallecano on loan http://t.co/w2aJH3lJgx pic.twitter.com/l3cwbgGSyL - AS English (@English_AS) July 14, 2015

08.23 BST: Rafael da Silva wants to leave Manchester United and would be keen on a move to Roma or Fiorentina, his agent has said.Rafael da Silva wants to leave Manchester United and would be keen on a move to Roma or Fiorentina, his agent has said. Click here for the story.

07.45 BST: Liverpool cancelled Javi Manquillo's two-year loan deal at the halfway point, and it seems Atletico Madrid may now send the full-back out on another temporary deal.

Javi Manquillo could be set to spend another season away from Atlético - Roma want him on loan http://t.co/xs7MzkpGGz pic.twitter.com/XT8Pu5PM5K - AS English (@English_AS) July 14, 2015

07.41 BST: Liverpool are preparing a bid for Aston Villa striker Christian Benteke, sources have told ESPN FC. However, while the Reds are hoping to negotiate the fee, Villa are adamant they'll have to pay the full £32 million release clause. Story here.

De Gea could stick around, too

As ESPN FC's Gabriele Marcotti points out in the video below, no one quite knows for sure what's happening with the David De Gea transfer saga. There are whispers that Real Madrid and Manchester United have already agreed to a deal, with the announcement being held until United can find the Spaniard's replacement. But, of course, those are only rumours.

According to a report in the Star, though, no such deal exists and it's looking increasingly unlikely that a deal gets done this summer. Madrid are reportedly unwilling to meet United's £35 million asking price, as president Florentino Perez fears looking foolish spending such a handsome amount on a player they could sign for free next summer.

Should United hold on to their man, Madrid are expected to complete the signing of De Gea on a free in 2016.

Pedro has 'important' offers

One transfer rumour that has seemingly popped up out of nowhere and picked up pace extremely quickly is Pedro's proposed move to Chelsea. As Gab Marcotti explains, though, it's unlikely the Barcelona winger goes anywhere this summer as the Catalan giants see out the final few months of their transfer embargo.

But the Mirror, who first reported that Chelsea were preparing a £20 million bid for Pedro, now quote the player as saying: "It's true I have received important offers but don't want to say more out of respect for my club.

"My situation is complicated because I want to play a lot of minutes but that is becoming very difficult at Barcelona."

According to the story, Cesc Fabregas has gushed to his former teammate about life at Stamford Bridge and manager Jose Mourinho is pushing hard to add Barcelona's No. 7. The report goes on to say that Pedro's arrival could come before Chelsea leave for their preseason tour of the U.S. later this week.

Borini returning to Rome?

A year ago, Liverpool had agreed to a deal that would've seen striker Fabio Borini depart for Sunderland and earn the Merseysiders a reported £14 million. But the Italian, who spent the 2013-14 season on loan at the Stadium of Light, declined to leave Anfield.

Now, though, his days in the Northwest look numbered.

TalkSPORT quote Italian outlet Il Messaggero as saying that Roman club Lazio have made contact with Liverpool over the transfer of Borini, and talks are supposedly at an advanced stage.

Borini joined Liverpool in 2012 after having spent the 2011-12 season on loan at Lazio's great rivals Roma.

Tap-ins

- West Ham are hopeful that Queens Park Rangers, despite their insistence that they will sell prized striker Charlie Austin for only £15 million cash, would be willing to accept less money and one of Matt Jarvis or Kevin Nolan on top. That's according to the Daily Mail. The Hammers will be hopeful that Jarvis, whom QPR unsuccessfully tried to sign in January, could be a strong enough makeweight to get a deal done.

- Tottenham, having been priced out of Aston Villa's £32.5-million-rated Christian Benteke, have turned their attention to Marseille's Michy Batshuayi, according to the Mirror. The Belgian striker netted nine times in 26 Ligue 1 appearances last season.

- Swansea striker Michu has a year remaining on his contract, but he's asked the club to terminate the final 12 months, according to the Mirror. The Spaniard reportedly wishes to return to his homeland, and both Granada and Rayo Vallecano are interested in signing the front man, but neither can afford a transfer fee on top of his £40,000-a-week wages.