That's a wrap for Wednesday's transfer news. Stay tuned for the latest rumours and confirmed signings in our live On The Move blog.
23.33 BST: ESPNFC's North of the Border examines the ins and outs of the transfer market in the Scottish Premier League.
22.42 BST DONE DEAL: Striker James Vaughan has left Norwich City to sign for Huddersfield Town for an undisclosed fee.
21.49 BST: Sky Sports is reporting that Premier League new boys Crystal Palace are close to signing defender Umaru Bangura from Norwegian side FK Haugesund.
21.22 BST: St Etienne have announced Pierre-Emerick Aubameyang is on the verge of leaving the club for Champions League runners-up Borussia Dortmund.
20.55 BST: Borussia Monchengladbach coach Lucien Favre is “not worried" about losing Marc-Andre ter Stegen this summer. Ter Stegen, the 21-year-old goalkeeper, has been repeatedly linked to Spanish giants FC Barcelona.
20.23 BST: Malaga vice president Abdullah Ghubn has confirmed on Spanish radio station Onda Cero that the Andalusian club have reached an agreement with Monaco for the transfer of Jeremy Toulalan.
19.52 BST DONE DEAL: Crystal Palace have confirmed the signing of striker Dwight Gayle from Peterborough on a four-year contract for an undisclosed fee.
19.31 BST: And click here to get the full lowdown on Vito Mannone leaving Arsenal for Sunderland.
19.05 BST: Here's our story on Antonio Cassano signing for Parma.
18.31 BST: Lyon coach Remi Garde also hopes the impasse between the club and striker Bafetimbi Gomis can quickly be resolved. OL blamed Gomis' refusal to leave the Stade de Garland as the reason they had to sell teenager Anthony Martial to Monaco earlier this week.
18.20 BST DONE DEAL: Antonio Cassano has completed his move to Parma for an undisclosed fee. "Parma can announce the signing of Antonio Cassano from Inter with some satisfaction and officially welcome the player into the Gialloblu family," said a statement.
18.05 BST: Lyon coach Remi Garde has told a press briefing that he expects Clement Grenier and Maxime Gonalons to stay at the club. Garde said: "I think I can say that both are keen to remain in the jersey of Lyon."
17.33 BST: Eintracht Frankfurt have confirmed central defender Vadim Demidov has left the club by mutual consent.
17.07 BST: Shakhtar Donetsk CEO Sergei Palkin has insisted it has gone quiet over interest in star midfielder Henrikh Mkhitaryan, who is interesting Arsenal, Dortmund and Liverpool. "There is nothing new about Mkhitaryan," Palkin told Football.ua. "I already have said that Borussia Dortmund offered €23 million for him; this was the sole offer. [But] our position is €30 million."
16:42 BST: Wigan manager Owen Coyle is looking for added firepower this summer. He told the Wigan Evening Post: "It's fair to say we are looking for a minimum of two, possibly three, strikers, and we're working desperately hard to make that happen."
16:30 BST: Dubai newspaper Sport 360 says Blackburn midfielder Mauro Formica has failed a medical at Bani Yas.
16:10 BST - DONE DEAL: Liverpool have confirmed the completion of Jonjo Shelvey’s transfer to Swansea after the two clubs agreed a £6 million fee earlier today.
15:50 BST: New Paris Saint-Germain coach Laurent Blanc has said he “would be happy” if Edinson Cavani was added to his Parc des Princes squad.
The Napoli striker’s agent reportedly met PSG sporting director Leonardo over the weekend to discuss a move to the French capital. PSG's managing director Jean-Claude Blanc said that, on Wednesday, Leonardo had missed his appeal hearing against a nine-month suspension for barging into a referee because he was "negotiating with a great player".
Speculation is mounting in France that the player in question is 27-year-old Cavani, who has a reported €63 million release clause in his contract with the Serie A club.
15:49 BST: Spanish newspaper Sport is reporting that Real Betis have a transfer agreement in place with Barcelona forward Bojan Krkic.
15:36 BST - DONE DEAL: Yet another Sunderland tale – this blog’s all about the Black Cats and their shy, retiring manager at the moment. This time, they have completed their move, predicted yesterday, for Arsenal goalkeeper Vito Mannone on a two-year deal.
15:30 BST: Swansea chairman Huw Jenkins isn’t sure that Blackpool’s sought-after attacker Tom Ince is worth the sort of money being talked about.
Welsh rivals Cardiff, newly promoted to the Premier League, have tabled an £8 million offer, and Jenkins told talkSPORT: "The prices that have been quoted for Tom Ince are staggering.”
14:59 BST - DONE DEAL: Fulham defender Dan Burn has moved to Birmingham City on on a season-long loan.
14:58 BST - DONE DEAL: Watford winger Mark Yeates has joined League One newcomers Bradford City on a two-year contract after being released by the Hornets.
14:50 BST: Wolves goalkeeper Dorus De Vries is set to wrap up a move to Nottingham Forest this week after agreeing terms to move from Wolves after their relegation to League One. De Vries, 32, moved to Molineux in the summer of 2011 after four years with Swansea.
14:19 BST: Here’s new PSG boss Laurent Blanc – whose club are reported to be leading the chase for Edinson Cavani – on his potential new signing: "I adore him, like many other people. I've seen him play several times for Uruguay and Napoli. If he was part of the PSG squad, i'd be happy."
14:17 BST - DONE DEAL: Leeds have confirmed the signing of former Reading forward Noel Hunt on a two-year deal – a move that reunites him with his former Royals manager Brian McDermott.
14:15 BST: Spanish newspaper Sport reports that a transfer agreement is in place between Bojan Krkic and Real Betis. Krkic, 22, has spent the last two years in Serie A, at Roma and then on loan at AC Milan.
14:04 BST: AZ Alkmaar director of football Earnie Stewart has confirmed that Sunderland have made a bid for US international striker Jozy Altidore. But he said the Black Cats’ offer did not match the Netherlands club’s valuation of the player, who hit 23 goals last season.
14:00 BST: The Newcastle Chronicle has said Newcastle boss Alan Pardew has been given the go-ahead to bid for Darren Bent, who is reported to be out in the cold at Aston Villa. Former Sunderland player Bent, 29, has been linked with a move to St James’ Park since the end of last season.
13:50 BST: Panathinaikos have accepted Sunderland's initial €3 million offer for winger Charis Mavrias, ESPN has been told. The player will hold talks over personal terms, and the Black Cats' offer also includes clauses that could bring in a further €1 million. Meanwhile, L'Equipe reports that defender Benjamin Mendy is at the Sunderland training ground as he looks to secure a move to Wearside from Le Havre.
13:29 BST: Blackburn striker Jordan Rhodes’ prolific form last season – not the easiest of campaigns for the club – has attracted plenty of attention, but Ewood Park manager Gary Bowyer has told BBC Radio Lancashire that the former Huddersfield man is not for sale.
13:15 BST: Doncaster Rovers have signed attacking midfielder Harry Forrester after he rejected a new contract at Brentford – the club Doncaster pipped to automatic promotion on a dramatic final day of the League One season.
Forrester made 48 appearances for Brentford in 2012-13, scoring 11 goals, and the Bees are entitled to compensation because he is under 24. Mark Warburton, the club's sporting director, told their official website: “Whilst sorry to see Harry depart Griffin Park, it simply underlines the fact that, whilst we as a club will move to attract and secure talented individuals, we only want players who are absolutely committed to Brentford FC."
13:03 BST: Spanish newspaper AS believes Manchester City are close to signing Sevilla forward Alvaro Negredo, with a four-year deal apparently in the offing.
13:01 BST: Nicklas Bendtner's agent, Tom Brookes, has told Ekstra Bladet the Arsenal forward could be on the move very soon. "I can't say too much about Nicklas' future, but I hope that there will be a decision as early as this week," he said. The newspaper says Besiktas, Malaga and Eintracht Frankfurt are vying for his signature.
12:50 BST: QPR are targeting Tottenham midfielder Scott Parker as manager Harry Redknapp tries to lead them back to the Premier League at the first attempt. Redknapp, who worked with Parker at White Hart Lane, knows the player has been told he can go and that a £2 million bid would be enough to bring him across London.
12:30 BST: Thiago Silva’s agent has told Spanish radio station SER that it would be “stupid” to reject a move to Barcelona amid reports an official offer for the PSG man has been made.
12:30 BST: Crystal Palace are reported to be moving closer to signing striker Dwight Gayle from Peterborough in a deal that could tally up to £8.5 million – and that would mean a £1 million windfall for his former club, League One Dagenham and Redbridge. Sky Sports suggest that newly-promoted Palace, and their boss Ian Holloway, could announce the completion of the transfer today.
12:20 BST: Cristiano Ronaldo, speaking during a trip to Portugal, has said he misses English football – and Manchester United in particular. That won’t dampen any speculation that he could make a return to Old Trafford, will it?
Here’s what he had to say: "I miss English football. For me, it was some of the best years in my career when I was at Manchester United. Everyone knows that it is a club that is still in my heart and I really, really miss.
"But now my life is in Spain. I am enjoying playing there, too. Part of my life is there, but in the future we never know. I am really, really happy in the Spanish league."
Make of all that what you will.
12:15 BST: Lazio striker Mauro Zarate has used Twitter to confirm that his Lazio deal has been cancelled after protracted discussions. Like so many other people in the world at the moment, he has been linked with a move to Sunderland.
12:01 BST: Wigan striker Arouna Kone is closing in on a £5 million transfer to Everton, where he will become Roberto Martinez’s first signing. Kone, 29, is set to be reunited with his former manager at Goodison Park, with Wigan chairman Dave Whelan saying he expects the FA Cup-winners’ top scorer to join the Toffees.
11:57 BST: And more from Anfield, where Brendan is presumably taking a helicopter view of further additions to the group. He told the Liverpool Echo: "I still think [we need] another attacking, creative player, and depending on what goes out of the club - because naturally there might be one or two players who need to go out and play more, we'll need to fill those areas that have been vacated."
11:54 BST: Liverpool are reported to have accepted a £6 million bid from Swansea for midfielder Jonjo Shelvey. ESPN FC’s Liverpool blogger, Kristian Walsh, explains why he believes that transfer might be the best thing for both the player and the club.
11:48 BST - DONE DEAL: Wigan have completed the signing of James Perch from Newcastle United, with the 27-year-old putting pen to paper on a four-year deal at the DW Stadium. The fee is undisclosed but is thought to be around £750,000.
Perch told the club’s official website: “I think Wigan Athletic is a great club and, after speaking with the manager [Owen Coyle], his ambition and determination to take the club back to the Premier League where it belongs is something I wanted to be a part of. It feels great to be here with a new challenge ahead of me, and I’m very excited at getting that started.”
11:45 BST: Seems like a Nice man: Eric Abidal is increasingly likely to join Nice after Monaco ended their interest, provoking an angry response from the France international defender's agent.
Abidal, 33, has been seeking a new club since Barcelona decided not to extend his contract at the end of last season, and told Nice Matin a reunion with former coach Claude Puel was a serious option. "In my situation, it's logical to leave the door open to this club," he said.
11:40 BST: And the first of the day on the Gareth Bale and Real Madrid saga: The Spurs star’s agent says the Liga club are yet to make an offer.
Bale has been linked with a move away from White Hart Lane after an outstanding season which saw him score 21 goals in 34 Premier League games. Real are thought to lead the chase for his services but, following the appointment of Carlo Ancelotti as manager and the signing of Isco from Malaga, they are yet to follow up the initial interest club president Florentino Perez talked of in the Spanish press.
Agent Jonathan Barnett told Marca TV: “There's no offer from Madrid; they have to talk between themselves and we will see what happens.”
11:25 BST: And another: Reports suggest Ghanaian Premier League side Bechem United are close to striking a deal to sign goalkeeper Sammy Adjei from financially-stricken Hearts.
11:20 BST: Scottish snippets: Rangers have held talks with former Wolves player Christophe Berra about a possible move to Ibrox, while boss Ally McCoist is also considering bringing Bosnia and Herzegovina international Boris Pandza to the club.
11:10 BST: Inter Milan forward Antonio Cassano is set to become a Parma player by the weekend after his agent held talks with the Emilian club on Tuesday.
Cassano, 30, is to join Parma as part of a deal that will see Ishak Belfodil head to Inter, with Parma beating off competition from Genoa for the Bari-born striker’s services next season. “I can’t say that the deal has been done because we need a bit more time, but it will be a matter of two or three days at the most,” Cassano’s agent, Giuseppe Bozzo, told Parma Today.
10:59 BST: Barcelona forward Bojan Krkic could be heading for the Eredivisie. The player's agent, Alexander Bursac, told Voetbal International: "Feyenoord and PSV have met with Bojan. All the interest is obviously nice, but ultimately he is still a Barcelona player. They have to make a decision." Any switch to the Netherlands is likely to be a loan.
10:50 BST: Sunderland could return to AZ Alkmaar with an improved bid for USA international striker Jozy Altidore after having their first offer rejected, reports in the north-east have said.
10:45 BST - DONE DEAL: Motherwell have brought in Faroe Islands goalkeeper Gunnar Nielsen, 26, who has signed a two-year deal with the SPL club. Nielsen, who has spent spells at Blackurn and Manchester City and was on loan at Fir Park in 2008, told Motherwell’s official website: "I'm looking to establish myself as number one and do really well."
10:30 BST: Reports in Greece suggest a Sunderland bid for Panathinaikos winger Charis Mavrias is about to be accepted. With the Greek club in dire financial straits, a deal for the player is also likely to include performance-based bonuses.
10:15 BST: Stoke striker Kenwyne Jones is attracting strong interest from a pair of rival Premier League clubs, ESPN has been told. A source close to the 28-year-old indicated that his future is likely to be cemented in the coming weeks, with staying at the Britannia Stadium still very much an option.
09:55 BST: Republic of Ireland striker Noel Hunt is on the brink of sealing a move to Leeds United, ESPN has been told. The 30-year-old left Reading at the end of last season after failing to secure a new contract with the Championship club, and is poised to link up with his former Royals boss Brian McDermott at Elland Road.
09:50 BST: Arsenal target Clement Grenier has said he is flattered by the Gunners’ interest and revealed that his Lyon future remains unclear.
Grenier, 22, was in superb form in the closing stages of the Ligue 1 season, with the France international midfielder’s displays convincing Arsene Wenger he would fit into his plans in north London. The Arsenal boss, however, faces a battle to capture Grenier, with Lyondetermined to hold onto one of their most promising homegrown talents, who has a year left on his contract.
09:30 BST - DONE DEALS: Tottenham midfielder Massimo Luongo and defender Grant Hall have joined League One Swindon on year-long loans from White Hart Lane. Luongo already knows his way around the County ground, having spent two months on loan there last season.
09:00 BST: BEAST ALERT: Striker Adebayo Akinfenwa, affectionately known as The Beast, is on his way to League One Gillingham after being released by Northampton following their defeat in the League Two play-off final last season. He played for the Gills in 2010-11, and wrote on Twitter: "I'm looking forward to the challenge ahead and looking forward to bringing #BMO [Beast Mode] to Priestfield." Gills boss Martin Allen put Akinfenwa’s game in a nutshell when he said: "Opposition teams cannot handle him or deal with him.”
08:53 BST: Rooney saga, first bit of the day: He is reportedly set to ask Manchester United to make it clear that he did not request a transfer last season, as claimed by Sir Alex Ferguson.
Rooney is to meet his new United manager and old Everton one David Moyes this week and is reported to still be unhappy about Ferguson’s claim. Mike Phelan, Ferguson’s assistant prior to the Scot’s retirement, repeated the claim in an interview on BBC Radio 5 Live this week. But Rooney is not believed to be seeking a move away at this point, and apparently fears a backlash from United fans if he stays. Moyes is apparently eager to keep him.
08:50 BST: In Germany, Borussia Dortmund are on the brink of signing – or have already signed, depending on which report you read – St Etienne striker Pierre-Emerick Aubameyang for €13 million. The player wrote on Facebook: “I’m packing my bags for Dortmund,” but Dortmund chief Aki Watzke was reported as saying: “The contract has not been signed yet, but there are signs that the move will happen.”
08:45 BST: In Italy, Stephan El Shaarawy is staying with AC Milan after holding talks with vice-president Adriano Galliani on Tuesday, while reports say Antonio Cassano’s move from Inter to Parma could go through within days. Genoa president Enrico Preziosi has denied that his club were ever seriously interested in signing Cassano, calling him a “difficult player” and adding that there were “never serious negotiations.”
08:30 BST: A couple of bits from Spain, where a report in Marca says Real Sociedad's Asier Illaramendi is a target for new Real Madrid boss Ancelotti, while AS echoes reports in France suggesting that Toulalan will be Monaco-bound before too long.
08:15 BST: Cardiff are continuing their preparations for life in the Premier League apace, with the latest player on Malky Mackay’s radar reported to be St Etienne’s Kurt Zouma, for whom the Bluebirds have reportedly tabled a €10 million bid. However, Champions League finalists Borussia Dortmund are also keen – and St Etienne want nothing less than €15 million.
Monaco has always been known as a place that's very much about lots of money. Now it’s known as a town that’s very much about lots of money with a football club that’s very much about lots of money. The latest player to be linked with a move to Claudio Ranieri's spend, spend, spenders is Malaga midfielder Jeremy Toulalan, reports in France say.
Other snippets from France: Wahbi Khazri has agreed terms with St Etienne, who now have to agree fee for him with Bastia; Olympiakos are keen to sign PSG's Momo Sissoko, who is out of contract next year; Nice captain Didier Digard is being tracked by Malaga, while Fluminense would like to bring in Alex from PSG.
07:42 BST: Vitesse Arnhem midfielder Marco van Ginkel has held talks with Chelsea manager Jose Mourinho, according to the BBC. The Blues boss is reported to have spoken to Van Ginkel, 20, to assuage his concerns over the amount of first-team football he might play if he makes the move to Stamford Bridge.
04:22 BST: Spanish newspaper Marca reports that Real Madrid manager Carlo Ancelotti has set his sights on Real Sociedad midfielder Asier Illarramendi after seeing him in action during the Under-21 European Championships. If Real are unsuccessful in their attempts to speed up the process of signing Borussia Dortmund’s Ilkay Gundogan, it is expected they will make a play for Illarramendi.
02:52 BST Former Fulham goalkeeper Mark Schwarzer is confident that he will find a new club very soon. The Australia international told SBS: "Nothing concrete has been signed or sealed yet, but I am feeling confident about next season."
02:39 BST Reports in Greece claim Sunderland have tabled a €2 million bid for Panathinaikos winger Charis Mavrias. The teenager is highly rated in his homeland, and had previously attracted interest from Juventus.
01:42 BST ESPN writer Mina Rzouki examines the arrival of Spaniard Fernando Llorente at Serie A giants Juventus.
01:34 BST German newspaper Bild reports that Sunderland striker Ji Dong-Won is attracting interest from Borussia Dortmund. The South Korea international spent the second half of last season in the Bundesliga with Augsburg, for whom he netted five goals in 17 games.
The tussle for Edinson Cavani could reach dizzying heights, with the Daily Mirror claiming Chelsea and Manchester City will have to break the British transfer record if they want to fend off PSG’s interest in the Napoli striker.
The French champions reportedly made an offer of £50 million for Cavani, trumping Chelsea's earlier £43 million bid. It is believed Europa League champions Chelsea will have to increase their bid to £53 million if they are to have any hope of landing the Uruguay international, which may deter Jose Mourinho from pursuing a new strike option.
Personal terms would be no issue for Chelsea, who are willing to meet Cavani's wage demands, but the buy-out clause appears to be acting as a significant barrier to the deal.
Manchester United manager David Moyes is unwilling to give up his interest in Everton's Leighton Baines, making an improved offer of £16 million for his former player, the Daily Star writes. United had a £12 million offer for Baines rejected last month, with Everton keen to keep their star player at Goodison Park next season.
But the increased offer could persuade the Toffees to cash in on the England international, one of Moyes' key targets. Everton have offered Baines £70,000-a-week to remain at the club, with chairman Bill Kenwright apparently angered by Moyes' persistence.
Offering someone a pay cut and failing to guarantee a first team spot doesn't sound like a great bargaining tool, but Gareth Barry could accept that situation and move to Arsenal next season, The Sun says. Barry has a year remaining on his contract at Manchester City, and while Arsenal could not match his current £100,000-a-week wages, they would offer the 32-year-old England midfielder a two-year deal.
Tottenham are set to continue their chase of Aston Villa striker Christian Benteke as a partner to Barcelona forward David Villa, who appears likely to move to London this summer. According to the Mirror, Spurs would have to pay up to £25 million for Benteke, who joined Villa for what now seems a paltry £7 million from Genk last summer.
The moves for Villa and Benteke place doubts over the future of Emmanuel Adebayor, Clint Dempsey and Jermain Defoe, but Belgium international Benteke could quickly become Andre Villas-Boas's number one target if a bid for Villa falls through.