Chelsea have moved to hijack Tottenham's deal for Willian, while Arsene Wenger appears to have finally found his chequebook.
23.00 BST: That about rounds-up today's transfer activity. Be sure, as mentioned just below, to keep your eyes peeled for our review of the papers, which should be laden with gossip.
22.50 BST: In fact, a glance at the filtering in back pages tells of Tottenham anger at Chelsea swooping in for Willian. We will bring you a comprehensive round-up of the newspapers in the coming hours.
22.15 BST: Some of British back pages are filtering through ahead of tomorrow. Here's The Sun's...
21.28 BST: One often understated element in the transfer window is the promise of extra exposure on the biggest state. John Brewin looks at how one tournament, the UEFA Champions League, is playing havoc with non-CL clubs' hopes of making important signings at the tail end of the summer window. Read John's column HERE.
20.46 BST: "I want to win things with Arsenal and I want to be there in the future, but if the boss leaves then things could change." Those are the words of Jack Wilshere, according to Zapsportz.com, when pressed on his future and referring to Arsene Wenger.
20.04 BST: Alan Pardew has told the Journal he has not ruled out selecting midfielder Yohan Cabaye for Newcastle's game against West Ham United on Saturday, despite the flurry of speculation surrounding the player’s future at the club. FULL STORY.
19.33 BST: Some more Norwich news for you, as Chris Hughton comments on the future of centre-back Daniel Ayala. He said in the Norwich Evening News: "We are making assessments of the whole squad. We have brought in eight players now but we have had more go the other way so we have to get the balances right.
"Dani is someone who went out on loan last season but came back and I have to say looked very good in pre-season training and he has been involved from day one this summer. That is one we are assessing, but it is important for him to get games at his age."
19.01 BST: Swansea have confirmed that striker Luke Moore has left the club by mutual consent. The 27-year-old has had the final 10 months of his contract cancelled in order to seek first-team football.
18.38 BST: Norwich have confirmed Johan Elmander has received international clearance and is included in the squad for their visit to Hull City on Saturday.
18.02 BST: After reports that Podolski could be heading back to Germany on loan, the latest angle is that Arsenal are to reject any approach for the time-being.
17.30 BST: And here's the pictorial evidence...
Spanish media reporting from the Bernabeu that Real Madrid are erecting a stage for Gareth Bale's unveiling: pic.twitter.com/UIuUBV9ARR— ESPN.co.uk (@ESPNUK) August 23, 2013
17.07 BST: Get this: Real Madrid have apparently, according to Sky Sports News, built a stage inside the Bernabeu stadium, which is usually their process when unveiling big-name signings to fans.
16.30 BST: As reported earlier, but now with extras: Willian appears on the brink of joining Chelsea rather than Tottenham, with Jose Mourinho indicating that he already knows of the Anzhi Makhachkala player’s decision. Chelsea made their move for Willian late on Thursday, soon after it emerged that he was undergoing a medical at Spurs. BBC Sport has reported that the Blues have agreed a £30 million deal to sign the player, subject to a work permit.
16.15 BST: David Moyes has said Manchester United could reach the end of the summer transfer window on September 2 without making a major signing. “There is a need to do it, but there is no pressure to do it,” he said. “I have an idea of where I'd like to strengthen. If the right players are available, then great -- but there is a possibility nothing may happen."
15.55 BST - DONE DEAL: Sampdoria striker Andjelko Savic, 20, has moved to Sheffield Wednesday from Sampdoria on a season-long loan deal.
15.50 BST - DONE DEAL: Queens Park Rangers have signed Scotland winger Matt Phillips, 22, from fellow Championship club Blackpool. Phillips has signed a four-year deal and moves for an undisclosed fee.
15.21 BST: Arsenal manager Arsene Wenger has insisted he started his transfer business early enough to have completed his summer spending by now, but claimed “bad luck” had been a big factor in his failure to land any star names. Luis Suarez, Gonzalo Higuain and Wayne Rooney are just some of the high-profile players to have been linked with the Gunners in recent months -- but Wenger's inability to sign any of them has seen him face criticism from supporters.
14.52 BST: Norwich boss Chris Hughton, who has made eight summer signings at Carrow Road, could return to the transfer market after winger Elliott Bennett was ruled out for several months with a knee ligament injury. Hughton told the Eastern Daily Press: “It is something that we will assess. I am happy with the squad now, but of course come September 2 [when the transfer window closes] I want to know we are well-prepared for everything.”
14.47 BST: Stoke manager Mark Hughes has said he wants to add more new players to his squad, but that the process has not always run smoothly. "We're in the market, we're active and we're working around the clock to try and conclude the deals that will improve us,” he said. "We have to be patient. It has been frustrating, but we're confident of having new players through the door soon."
14.07 BST: And here’s Manchester United boss David Moyes, saying what he’s probably already heartily sick of repeatedly saying about Wayne Rooney not being for sale: 'I hardly need to repeat it. It doesn't need to be said.'
13.56 BST: Poor old AVB. Question after question, day after day, and almost all of them about transfers. But he has said the frenetic swirl of speculation around White Hart Lane won’t put his team off when they face Swansea in North London at the weekend, adding: "I don't think the team will be distracted by the transfers. What we've done so far has been great activity in the transfer window. We managed to bring in almost all the players that we want, and will continue to work to strengthen the squad.”
13.37 BST: And make of this little insight what you will – Mourinho on Willian. Remember how Willian seemed all set to become a Spurs player until reports surfaced on Thursday to say he was talking to Chelsea? Well, this: “I think he's already made his decision. I don't like to speak before, time because football can betray you."
13.34 BST: Young Portsmouth forward Jack Maloney is on his way to Aldershot, whom he will join on a one-month loan deal, according to reports on the south coast.
13.31 BST: Here’s Jose Mourinho on Juan Mata -- linked again with Manchester United --, and he sounds pretty emphatic in his views: "No speculation. He is a player we all like, we all want to keep and we want more quality in the team, not less quality. We want to add quality to the quality we have. He isn't a player we want to lose." Here's why:
13.28 BST: Blackburn midfielder Diogo Rosado is to leave Ewood Park after an agreement was reached to terminate his contract. The Portugal Under-21 international joined last summer but made only two appearances for the club.
13.12 BST: Atletico Madrid have reportedly made an approach for sought-after Ajax defender Toby Alderweireld, with AS saying they would then say they would then be able to sell Martin Demichelis to Manchester City.
12.30 BST - DONE DEAL: League One strugglers Carlisle United have signed defender Danny Butterfield, a free agent after his release by Southampton last season, as they attempt to shore up their porous backline.
12.01 BST: Stand by for more transfer market action at Loftus Road, where Harry Redknapp wants to add a few more players to the quest for an immediate return to the Premier League. He said: "Everyone is working hard. We've moved a lot of players on, which was always going to be a tough job. We're still looking to strengthen. We're looking for the right type, but if we don't find them, then we've got some good young kids coming through.”
11.55 BST: Southampton manager Mauricio Pochettino has said he is happy with the squad he now has – but will continue to keep tabs on the transfer market, just in case. He told the Southern Echo: "We're not really looking that much, but we're also keeping an eye on the market to see if anything arises."
11.40 BST: Gareth Bale is set to earn €10 million a year after tax at Real Madrid, making him the club’s biggest earner alongside Cristiano Ronaldo and Kaka, Spanish newspaper Marca has reported. On Friday, the Madrid paper’s front page announced that a €99 million deal to bring Bale from Tottenham had finally been completed. Inside, a report was headlined ‘Just needs a signature’ and claimed it was a “question of hours” before the Wales international put pen to paper on a six-year contract at the Bernabeu. Not that you need reminding of what he can do, but:
11.20 BST: Jose Mourinho has spoken of how Chelsea will only make a third bid for Wayne Rooney after they have played Manchester United at Old Trafford on Monday – but that bid will not be accepted, says the Manchester Evening News.
10.55 BST: It appears long-serving Blackburn Rovers midfielder Morten Gamst Pedersen is on his way to Turkish club Karabukspor, having flown to meet officials there for talks.
10.45 BST: Big Sam Allardyce isn’t bringing anyone new to Upton Park – unless, that is, he is able to sell a player or two beforehand. "I've got no money left. If we wanted to bring a new player in, we would have to sell some players," Big Sam said. "But I'm not looking to do that, because I'm happy with the squad I've got."
10.36 BST - DONE DEAL: League One Oldham Athletic have loaned teenage defender Glenn Belezika to Conference Premier club Salisbury City.
10.35 BST: Cardiff manager Malky Mackay has been busy in the transfer market this summer -- but that hasn’t stopped him for wanting to add even more new faces to his squad. "We're certainly trying to do some more business before the window closes, but we're in the same boat as everyone else," he said.
10.12 BST: Everton manager Roberto Martinez has questioned whether Manchester United have adopted an aggressive “new way of working” in the transfer market as they pursue Marouane Fellaini and Leighton Baines. Martinez believes the manner in which United have gone about trying to sign the duo indicates a change of approach to their dealings.
09.55 BST: Remi Garde has said he would not be happy if Lyon were forced to sell Yoann Gourcuff -- reportedly a target for Arsenal, Atletico Madrid and Monaco -- for financial reasons. Gourcuff, 27, has largely failed to live up to the expectations generated by his €22 million move from Bordeaux in 2010. However, after ending last season in promising form, the France international midfielder has scored twice and laid on two goals in as many games as his side have made a perfect start to this campaign.
09.29 BST: High excitement from Marca this morning. “Bale already”, the Madrid paper’s cover says, claiming that a €99 million deal is all wrapped up. It reports that Bale will earn €10 million a year after tax - more than everyone except Ronaldo and Kaka. It’s still unclear when all this is going to be announced, though – Marca doesn’t venture a guess at that.
09.23 BST: Spanish newspaper Mundo Deportivo is linking Arsenal with Espanyol goalkeeper and also says the Gunners made a €6 million bid for Valencia’s Guaita -- who has a €30 million release clause.
09.00 BST: Roberto Martinez must have been delighted with the way Everton played at Norwich on Saturday: stylish and effective, they produced some great football. And the Spaniard wants to add to his ranks, telling the Liverpool Echo: "It's about working hard and trying to identify maybe one player if we could. But he has to be the right character to adapt to what we want to do at Everton. We've got good numbers in the squad, but we need maybe to have a little bit of help in an area."
08.40 BST: West Bromwich Albion may have secured the loan signing of Scott Sinclair from Manchester City -- but boss Steve Clarke wants further additions. He said: "We would like another wide player, if possible -- we have been under-active compared to others. I'm hoping we will be busy." Here's a bit of Sinclair nostalgia (he's doing his thing on loan for Plymouth, away to Barnet):
08.35 BST: More on Juan Mata, and the possible repercussions of Willian’s potential Stamford Bridge arrival: Manchester United have made an informal inquiry to Chelsea about the possibility of bringing Mata to Old Trafford, sources from both clubs have told ESPN. It is unclear at this point whether the contact has been part of the ongoing Wayne Rooney saga or whether the English champions would be open to a straight swap of the two players.
08.30 BST: Liverpool manager Brendan Rodgers has again reiterated that his club will not be selling Luis Suarez, this time after reports suggested Real Madrid could make a move for him.
While all the focus at the Bernabeu in the next 48 hours is likely to focus around Gareth Bale’s expected arrival from Tottenham, widespread reports in the British media suggest the nine-time European champions may also move for Suarez in the coming days if they sell France striker Karim Benzema.
08.25 BST: Also in Germany, attacker Patrick Helmes, 29, could leave VfL Wolfsburg during the last days of the transfer window. He has played only a handful of reserve games following a knee injury last year.
08.20 BST: And in Germany, Bild reports that Bayern Munich have turned down a €30 million offer for forward Mario Mandzukic from Zenit St. Petersburg. The paper also says Schalke want Lukas Podolski on loan from Arsenal, who would pay part of his wages.
08.15 BST: Marek Hamsik's agent has said the midfielder intends to stay with Napoli for a long time, and believes they can win the Scudetto.
08.10 BST: And more from across the Channel: speculation is linking Marseille winger Andre Ayew with both Liverpool and Newcastle, while PSG are reportedly interested in Newcastle’s Mathieu Debuchy.
08.00 BST: News from France, where Remi Garde has said he "wouldn't be delighted" to see Yoann Gourcuff leave Lyon. The coach has also said Bafetimbi Gomis, a target for Newcastle and a player Lyon would like to get off their wage bill, intends to see out his contract.
06.00 BST: Lucas Barrios has reportedly signed for Spartak Moscow. It is claimed the deal is worth €8 million, with the Guangzhou Evergrande striker paying a portion of that.
04.14 BST – DONE DEAL: Goalkeeper Liam Reddy has signed for A-League champions Central Coast Mariners. Elsewhere, midfielder Matt Thompson is having trials with Wellington Phoenix for a spot in next season's squad.
04.00 BST: Jose Mourinho's cunning plan to make a last-gasp swoop for Anzhi playmaker Willian could see Tottenham miss out on one of their top transfer targets. The Blues are interested in making a late offer to the Russian club, according to the Sun, the Daily Mail and the Daily Mirror.
The news could have an impact on Gareth Bale's expected transfer to Real Madrid and has also cast fresh doubt on Juan Mata's future at Stamford Bridge, with many predicting that Willian would replace the Spaniard, who is being monitored by Manchester United.
Meanwhile, the Sun and the Daily Mirror report that Arsenal are set to kick-start their transfer market activity this week and are prepared to spend £90 million in a late spree. Arsene Wenger has come in for heavy criticism for his frugal ways, but could bring in at least three key players between now and the close of the window. Real Madrid duo Karim Benzema and Angel Di Maria lead his list of targets, while an improved bid of £15 million for Newcastle midfielder Yohan Cabaye is said to be in the offing.
In addition to these, Wenger is also pondering a move for Sevilla midfielder Geoffrey Kondogbia as the club's chief negotiator Dick Law aims to finalise a deal for Valencia goalkeeper Vicente Guaita. It is believed Lukas Podolski may need to make way if all five players are signed.
Everton's Marouane Fellaini is eager to complete a switch to Manchester United before his price tag rises -- and his chances of making the move fall -- next year. New United boss David Moyes has made no secret of his desire to lure Fellaini to Old Trafford, and the Belgian midfielder is tipped to push through the move in the coming week, according to the Daily Mail.