23.00 BST Right folks, on that bombshell - that's all we've got time for today. Join us on Tuesday to see how the Benteke story develops, and much much more.
22.46 BST We're hearing that Chelsea are among the teams in the mix for Benteke, who reportedly has a £25 million price tag on his head. That would surely spell the end of Demba Ba at Stamford Bridge...
22.32 BST - BREAKING: Christian Benteke hands in a transfer request at Aston Villa. Paul Lambert says: "While we’re hugely disappointed that Christian has put in a transfer request, it’s important that people appreciate we are trying to build something strong and vibrant here at the club, something this club demands and stands for, and we want Christian to be part of that."
21.45 BST Real Madrid president Florentino Perez speaks to Univision about Cristiano Ronaldo:"The person who wants to retire at Real Madrid is Ronaldo, and Real want him to retire here too.
There haven't been any negotiations [on a new deal] because he is on holiday. Be in no doubt, Cristiano will retire here because he wants to. Just as Zidane and other great players have done."
21.22 BST: Julian Draxler says he followed his heart when deciding to stay at Schalke despite interest from clubs abroad during the close-season. FULL STORY.
20.57 BST: New Real Madrid coach Carlo Ancelotti has no interest in selling Pepe, according to Marca. Pepe is believed to be a transfer target for Man City and Manuel Pellegrini, who he played under at the Bernabeu. FULL STORY
20.20 BST: Phil Bardsley is expecting to leave Sunderland this summer, with the defender telling ITV that he hopes for a swift exit: "I think it's quite clear to everyone that I'm not part of the plans at the club. So I'm just waiting and you know hopefully something will pop up in the near future."
19.52 BST West Brom and Chelsea are set for a tribunal date over Baggies youngster Isaiah Brown's move to the Blues.
Chelsea made a compensation offer which was rejected by West Brom, with sporting director Richard Garlick saying: "We are disappointed by Chelsea’s offer. We have invested a lot of time and money in Isaiah’s development as a player and – as one of our most exciting Academy products in recent years – we had hoped to bring him through into our first team. But Chelsea have forced our hands and we are more than prepared for the matter to be decided by a tribunal if needs be."
19.19 BST - DONE DEAL: Grant Holt joins Wigan from Norwich on a three-year deal. FULL STORY.
Delighted to announce I have signed for Wigan on three year deal. Start of a new chapter. To all Norwich thank for a fabulous 4 years. #otbc— Grant holt (@Grantholt31) July 8, 2013
18.57 BST: And just as quickly as those Forlan rumours appeared, they have been scotched by the player. The Uruguayan says: "I would like to stay at Inter, until not only the (2014) World Cup, but until the end of the contract." FULL STORY
18.38 BST: Valencia could be pipped at the post by local rivals Valencia in the race to sign Giovani dos Santos from Mallorca. FULL STORY
18.12 BST: Former Manchester United and Villarreal striker Diego Forlan is close to a transfer to Toronto FC according to local newspaper the Globe and Mail. Reports on Twitter, however, suggest Forlan has denied that a move has been agreed.
17.58 BST: Sunderland's first summer transfer failure has emerged as promising full-back Benjamin Mendy had opted to join Marseille instead of the Wearsiders. He visited Sunderland to discuss terms and undergo a medical ahead of a proposed move buts l'OM stole in and have confirmed a deal has been reached between Le Havre and themselves for Mendy's transfer.
17:30 BST: The Daily Express are reporting that Liverpool have submitted a £7million bid for Chievo Verona Under-21 starlet Jorginho.
17:10 BST: According to Guardian-Series.co.uk, Spurs are set to offer £18million to Aston villa for star striker Christian Benteke. His buy-out clause is reportedly £20million, but Spurs are looking to test Villa's resolve.
16:48 BST: According to Izvestia, Anzhi Makhachkala are also interested in signing Manchester United winger Nani. They have reportedly met the asking price for the Portuguese international, but haven't matched his wage demands as of yet. Spurs and Roma (as mentioned earlier), Inter Milan, Galatasaray, and Juventus are all interested.
16:32 BST: Sky Sports are reporting that Leeds striker Ross McCormack will stay at the club for the coming season and could even sign a new contract at Elland Road.
16:13 BST: More details emerging about David Villa. Atletico Madrid have nabbed him for a fee of around £4.5million on a three-year contract. If he see's out his contract, Atletico pay the full price for him. Initial purchase is just around £2million. Wonderful business from Madrid there.
16:11 BST: Spanish football expert Guillem Balague has tweeted news on David Villa: 'David Villa has agreed to join At. Madrid. Six months ago Arsenal tried hard to get him. Not now.' So it looks like Spurs will miss out on the all-time leading Spain scorer.
15:52 BST: Talking to Radio Gaucha, Leandro Damiao's agent Vinicius Prates says that his client is close to sealing a deal with Napoli. Which is sure to set other interested clubs on a rampage to hijack the deal.
15:41 BST: Corriere dello Sport are reporting that Cagliari midfielder Radja Nainggolan is close to sealing a summer switch to Inter Milan.
15:30 BST: According to talkSPORT Galatasaray have emerged as contenders to land Liverpool target Lucas Digne.
15:22 BST: Real Madrid president Florentino Perez on Gareth Bale: 'He is a great player who deserves to be at this club. However, we have not placed an offer for him.'
15:20 BST: Henrikh Mkhitaryan's move to Borussia Dortmund is drawing ever closer, as the midfielder reportedly signs a four-year-deal with the club.
15:16 BST: The Elastico report that Manchester City defender Karim Rekik is set to move on loan to PSV Eindhoven, providing he passes a medical today.
15:04 BST: Sunderland's pursuit of Gino Peruzzi seems set to continue for just a little bit longer. After finally agreeing a fee with Velez Sarsfield and a contract with Peruzzi himself, the emergence of an agent demanding a cut of the deal has halted proceedings according to Ole.
14:50 BST: Sky Sports report that Marseille coach Elie Baup is unsure if Joey Barton will return to the club this summer.
'Joey Barton's comeback? I do not know how it will evolve,' Baup told L'Equipe.'The club and the player agreed about the challenge ahead, but he still belongs to QPR.'
14:42 BST: Jay Spearing may be on his way to Blackburn. Liverpool have offered the 24-year-old midfielder for £1.5million and are just awaiting confirmation from Rovers that a deal will take place.
14:33 BST: New update on Mario Gomez. Bayern Munich CEO Karl-Heinz Rummenigge is quoted on the Bayern website saying: 'It was Mario Gomez's desire to leave FC Bayern for Florence, we have now accommodated his wish.'
'He made a major contribution to two German titles and two DFB-Pokals. The highlight was obviously the Champions League triumph and winning the treble last season. I would like to thank him for all his efforts with FC Bayern. In the name of FC Bayern, I wish him lots of happiness and success in Florence.'
14:26 BST: Tuttosport are reporting that Juventus will look to bag Fiorentina forward Stevan Jovetic for around £35million. They may produce the funds for the transfer with a squad clearout of players such as Felipe Melo, Quagliarella, Isla, and Ziegler. This deal looks more likely with the imminent arrival of Mario Gomez in Florence.
14:18 BST: According to Sky Sports' Bryan Swanson, Norwich have rejected an improved bid from Chelsea for John Ruddy.
14:14 BST: El Mundo Deportivo have named Jack Wilshere, Juan Mata, Christian Eriksen, Ander Herrera, Ilkay Gundogan, and Ever Banega as potential Barcelona signings if Thiago Alcantara leaves for Manchester United.
14:07 BST: DONE DEAL: Everton have signed Arouna Kone from Wigan Athletic on a three-year-deal.
14:06 BST: Bild and Sky Germany, amongst others, are reporting that Henrikh Mkhitaryan completed his medical at Borussia Dortmund this morning and his transfer from Shakhtar Donetsk will be made official by tonight.
14:02 BST: One of the day's more fantastic stories. Reports that Barca could swap Thiago and Villa for Rooney. READ THE FULL STORY HERE
13:55 BST: Bild are claiming that Bundesliga underachievers Wolfsburg are set to bid for Juventus pair Mirko Vucinic and Sebastian Giovinco, for a fee of around £26million.
13:46 BST: Portuguese newspaper Record are yet again claiming today that Manchester United are set to announce the signing of Benfica defender Ezequiel Garay.
13:37 BST: According to AS, Gonzalo Higuian is back in Madrid and back in training. But he's focussing on his personal fitness routine, and not training with the Real Madrid squad, meaning a move could be round the corner. Other sources claim Ancelotti will hold showdown talks with the striker to make him stay at Madrid.
13:20 BST: AS report that Atletico Madrid defender Daniel 'Cata' Diaz is nearing a return to Boca Juniors, he is quoted saying: 'I've never felt so at home as I did there.'
13:02 BST DONE DEAL: Eric Abidal has signed for AS Monaco from Barcelona on a one-year deal with the option for an additional year.
13:00 BST: Chelsea have reportedly made an improved offer for Roma star Daniele De Rossi. Jose Mourinho’s team were rumoured to have made a £10.5million offer which was rejected by Roma. They are now reported to be offering £15.5million for the Italian.
12:52 BST: German football expert Raphael Honigstein has tweeted bad news for Chelsea fans that wanted Mario Gomez. 'Mario Gomez: @OrtivorOrt and Italian media are reporting that Fiorentina will meet Bayern tonight, deals seems very close. #bargain'
12:46 BST: La Gazzetta dello Sport are reporting that Juventus are going to offer Arturo Vidal a five-year extension to his current contract, taking his wages to £3.4million a season.
12:32 BST: Tuttosport have claimed this morning that Milan will look to Palermo's Abel Hernandez if they can't sign Fiorentina's Adem Ljajic.
12:20 BST: Sky Sports are reporting that Jozy Altidore has now arrived in Sunderland for a medical ahead of his move from AZ Alkmaar.
12:14 BST: Bild are reporting that Brazilian free agent Douglas has rejected Hannover's first contract offer. READ THE FULL STORY HERE.
12:09 BST: SportsDirect News claim Southampton are in talks with Valencia midfielder Ever Banega.
Saints boss Mauricio Pochettino has a reported £30million transfer budget to spend this summer and has also targeted Leandro Damiao and Victor Wanyama.
12:00 BST: Brazilian defender Felipe Dias Da Silva has joined Parma from Fiorentina on a four year contract according to forzaitalianfootball.com.
11:53 BST: Sky Sports are reporting that West Bromwich Albion are in talks over a new loan deal for Goran Popov. The news comes from his parent club Dynamo Kiev.
11:42 BST DONE DEAL: Villarreal have signed Red Star Belgrade defender Aleksandar Pantic.
11:40 BST: Schalke's highly-rated young winger Julian Draxler has admitted he could one day leave the club for a move abroad to England or Spain.
'I've still got to work a lot on myself and improve,' he told the club website. 'I'm staying here because I see the chance of playing frequently. I'm going to try to do that as much as possible and then we can reconsider in the new year.'
'I don't want to name any clubs, but the countries are correct,' he said. 'And I don't think any country but these two would make sense for me anyhow.'
Draxler emerged as one of Germany's leading talents last season earning himself a new contract with a huge buy-out clause.
11:32 BST: TheChronicle are reporting that Newcastle midfielder Dan Gosling is willing to take a pay cut to join Crystal Palace in search of first-team football.
11:25 BST: According to AS, free agent Martin Demichelis is closing in on a move to Atletico Madrid after turning down River Plate.
11:10 BST: Mino Raiola, one of football's most high-profile agents, expects to have a quiet summer after declaring three of his star clients will not be going anywhere. READ THE FULL STORY HERE.
11:06 BST: Sunderland are chasing Juventus' Emanuele Giaccherini. Newcastle are also interested but the Italian champions want upwards of 10million euros for the midfielder.
11:00 BST: Corriere dello Sport say Spurs are interested in Manchester United winger Nani. Other sources claim the Portuguese is more likely to make a move to Roma.
10:50 BST: Another update on Wilfried Bony. BBC are now reporting that a £13million deal is set to go through today, making the striker Swansea's seventh summer signing in a busy period.
10:47 BST: SportsDirectNews claim Spurs midfielder Gylfi Sigurdsson is looking for a temporary move away from White Hart Lane after a lack of first-team action.
Sigurdsson struggled somewhat to break into the Spurs team last term, but popped up with some vital goals and assists at times for the North London club. Liverpool boss Brendan Rodgers is rumoured to still be keen on the Icelandic internatonal, after missing out on him last summer.
10:36 BST: The cover of Spanish newspaper AS today shows a potential Real Madrid line-up for the new season including new signing Isco, returning defender Dani Carvajal, and potential signing Asier Illarramendi who impressed at the U21 European Championships last month. The Real Sociedad midfielder has been described as the new Xabi Alonso.
10:30 BST: Goal.com report that Chelsea will bid for Aston Villa striker Christian Benteke after missing out on Edinson Cavani to PSG. Jose Mourinho is also said to be keen on Bayern Munich forward Mario Gomez.
10:22 BST: Mundo Deportivo are reporting that Atletico Madrid are preparing to hijack Tottenham's move for Barca forward David Villa.
10:14 BST: According to BirminghamMail.co.uk West Brom are preparing to bid for ex-Chelsea forward Salomon Kalou.
10:07 BST: GetReading.co.uk claim Hal Robson-Kanu is set to sign a new contract with Reading.
10:00 BST DONE DEAL: Blackburn Rovers have completed the signing of Matthew Kilgallon on a free transfer from Sunderland.
09:54 BST: PSG manager Laurent Blanc has said that signing Edinson Cavani would send a 'big signal' to their rivals, read the full story HERE
08:15 BST: Roberto Mancini has told Napoli that if they want a replacement for Edinson Cavani they need look no further than his former Man City striker Edin Dzeko, who, Mancini claims, would guarantee them 25 goals a season. FULL STORY HERE
07:25 BST: Reports in the British media suggest that Wigan striker Arouna Kone is close to completing a move to Everton after agreeing a three-year contract. The Latics have Grant Holt lined up as a replacement, the Norwich striker is expected to undergo a medical with the Championship club today.
06:57 BST: Saudi Arabian club Al Shabab have ruled out a move for former World Player of the Year winner Ronaldinho after admitting he "can't be controlled". READ THE FULL STORY.
05:50 BST: Aston Villa are prepared to offload striker Darren Bent for £5 million - £3 million less than what they initially wanted for him, the Sun says. Newcastle, Fulham and Hull are all in the hunt for Bent.
04:50 BST: Swansea are closing in on signing Vitesse Arnhem's free-scoring Wilfried Bony for £12million, the Sun reports. Bony scored a lazy 31 league goals last season.
03:07 BST: CSKA Moscow revealed they would be willing to sell prize asset Keisuke Honda should they "receive a reasonable offer". FULL STORY HERE.
02:49 BST: Chelsea, Arsenal or Anzhi Makhachkala are among the names being thrown around as the club who had a 30 million euros bid for Stephan El Shaarawy rejected. FULL STORY HERE.
Carlo Ancelotti has not yet lost hope of keeping striker Gonzalo Higuain, with the Real Madrid boss set for showdown talks with the Argentinean this week, the Sun reports. Ancelotti will have one last attempt at convincing Higuain to remain at the Bernabeu next season as Arsenal close in on the 25-year-old. Higuain is reportedly keen to find regular first-team football and feels he is no longer a key part of Real's future, but the Sun say former Chelsea boss Ancelotti sees the forward as an important part of his set-up.
It seems no one is off limits for big-spending Monaco this summer, even managers! According to the Daily Mail, the newly-promoted side are pursuing their interest in Tottenham boss Andre Villas-Boas, despite the Portuguese man having another two years remaining on his contract at White Hart Lane. Although there has been little talk of current Monaco manager Claudio Ranieri leaving the club after a successful debut season, it is believed the Ligue 2 champions are already setting their sights on a long-term successor. If Monaco cannot lure AVB away from Spurs this summer, they would be likely to make a move for him next year.
Chelsea could swoop for one of Liverpool's prime targets, Sporting Lisbon defender Tiago llori, the Mirror says. The Reds have had two bids for Ilori rejected, with both offers believed to be less than Sporting's £8.5 million valuation. Now Jose Mourinho is expected to make a move for the 20-year-old, with a bid around the £7.5 million mark. While Sporting may be open to reducing their demand for the Blues, Ilori is unlikely to leave Portugal unless he is promised first-team football - something which may give Liverpool an advantage.