In today's blog, Manchester United and City are set to battle it out for Fiorentina forward Stevan Jovetic as Juventus bow out of the race, while a return to Arsenal could be in the offing for Cesc Fabregas.
22.50 BST: That's all for now, but check back as we'll be back soon with the latest news and gossip from around the globe.
22:46 BST: DONE DEAL Umut Bulut has signed for Galatasaray from Toulouse after being on loan at the Istanbul club.
22:29 BST: Sky Italia reports that PSG are negotiating with Roma over Marquinhos, who is thought to be a target for Barcelona.
21:55 BST: Barcelona will reportedly pay Alcorcon a fee of €500.000 for the signing of winger Dani Nieto to the Barca B team.
21:15 BST: DONE DEAL Dynamo Kiev forward Admir Mehmedi has joined Freiburg on loan, with the Bundesliga side having the option to make the deal permanent. STORY HERE.
21:06 BST: Fancy some light reading? Stephan Uersfeld provides his thoughts on Borussia Dortmund's current standing after a busy summer in the transfer market here.
21:01 BST: Still nothing official on Thiago Alcantara's Bayern switch, but Sky Italia believes it's a done deal, with a four-year contract agreed, and Catalan radio station RAC1 is reporting that Karl-Heinz Rummenigge has informed Barcelona that his side will pay the midfielder's release clause. Seems it will be announced sooner rather than later. Pep Guardiola is going to have quite the balancing act on his hands at the Allianz Arena unless he offloads some players.
20:40 BST: The Nottingham Post reports that Middlesbrough have rejected Nottingham Forest’s bid for Grant Leadbitter.
20:12 BST: Cardiff will find out on Friday whether Blackpool winger Tom Ince will be joining the club.
"We've had a bid accepted by Blackpool and agreed terms with his agent," Cardiff boss Malky Mackay said. "Tom and his dad were both on holiday so Monday was the earliest time we could have a chat. Friday morning we'll have a decision one way or another."
19:46 BST: DONE DEAL Juventus have confirmed the signing of Angelo Ogbonna from Torino for €13 million. FULL STORY HERE.
19:25 BST: DONE DEAL Barcelona B forward Rodri, who spent last season on loan with Sheffield Wednesday and Real Zaragoza, has joined Almeria for the season.
18:52 BST: Liverpool boss Brendan Rodgers on his transfer plans: "Our recruitment team are doing a great job behind the scenes in compiling lists of players that we can afford and might be available for us. What we've done in the early part of the summer is to improve the squad. That's something I feel we've done with the players we've brought in. Now what's important over the next three to five weeks is improving the team. That's something the club is working very hard at. I'm sure by the time the end of August comes we'll be ready and we'll have a terrific squad ready to challenge."
18:26 BST: Here is the full story on Wanyama's move to Southampton.
18:06 BST: DONE DEAL! Southampton confirm the signing of Victor Wanyama from Celtic.
17.56 BST: Losing transfer target Thiago Alcantara to Bayern would be a big blow, and Manchester United must act quickly, blogger Mark Payne writes. Click here if you want to watch a video of Guardiola talking about Bayern's interest.
17.35 BST: DONE DEAL Real Madrid have confirmed that Jose Callejon has joined Napoli. FULL STORY HERE.
17:29 BST: Real Sociedad have announced the signing of Switzerland striker Haris Seferovic from Fiorentina. FULL STORY HERE.
17:19 BST: Sky Italia believes AC Milan have won the race to sign Japan star Keisuke Honda from CSKA Moscow. It seems he'll join the club on a free transfer in January.
17:06 BST: Paris Saint-Germain defender Gregory Van der Wiel has admitted that he could make a move to Inter this summer.
16:57 BST: Sky Italia says Thiago Alcantara to Bayern Munich is already a done deal. That's certainly fast work from all parties concerned if true. It was only earlier today that Guardiola explained in his press conference that he wants to sign the player from his former club.
16:52 BST: This is certainly interesting about Neymar's transfer to Barcelona, from the Secretary-General of FIFPro. Third party ownership has a big impact in football.
From the 57 million paid by Barcelona for the transfer of Neymar only 9 million is received by his club Santos. This is strange. 1/2— Theo van Seggelen (@TheovanSeggelen) July 11, 2013
16:46 BST: Antonio Conte has ruled Juventus out of the running for Fiorentina forward Stevan Jovetic, saying no club in Italy can afford him. READ THE FULL STORY HERE.
16:40 BST: Football-Italia reports that Bartosz Salamon is on the verge of a move to Sampdoria. The 22-year-old was used as part of the deal that saw Andrea Poli go from the Bluerchiati to the Rossoneri.
16:28 BST: An attempted kidnapping of Sporting Lisbon wonder-kid Bruma, by his own fans, could mean his contract is terminated. Meaning the Portuguese could join any of his suitors, for free! Chelsea have reportedly already tabled a bid for the attacker.
This is a quote from his agent: 'Last night there was an attempted kidnap of Bruma by Juve Leo (Sporting fans) at the hotel where he lives. We have registered a complaint (with the police), and we have been informed it was done at the behest of Sporting’s management.'
Not entirely sure what happened with this, or if it's true for that matter, but more news about Bruma's future is sure to surface soon. In the meantime, check out some of his YouTube highlights below (recommend switching to HD quality for this):
16:22 BST: It looks like Sunderland have managed to strike a deal for Juventus midfielder Emanuele Giaccherini. The fee is believed to be just under £7million. Juve boss Antonio Conte said this in his press conference: 'Any departure is painful, but it is necessary in times of crisis. Each departure causes me pain. To me, every player is non-transferable, but I understand the needs of the club. If you ask me if I'm happy, the answer is no.'
16:17 BST: DONE DEAL: Any thoughts on this Brentford fans? Former Villarreal fullback Javi Venta has signed a one-year-deal with The Bees.
16:10 BST: Spurs striker heading for Besiktas? FULL STORY HERE.
16:00 BST: Some news for Southampton fans.
15:57 BST: Ajax have officially completed the signing of Mike van der Hoorn from Utrecht. The 20-year-old has signed a four-year contract with the Eredivisie champions.
15:49 BST: According to ClubCall.com PSV attacker Ola Toivonen has snubbed the chance to sign for Norwich City.
15:41 BST: DONE DEAL: Athletic Bilbao Goalkeeper Raul Fernandez has joined Numancia on a season long loan deal.
15:32 BST: Barcelona youngster Sergi Roberto won't be leaving the club this summer. His contract stipulates that he's now part of the first team and will get some playing time next season.
Orobitg (agent Sergi Roberto): "That the boy could join Betis is a hoax. There's no chance for that to happen, he'll stay at Barça." [oc]— barcastuff (@barcastuff) July 11, 2013
15:26 BST: So here's The Metro's report on Tim Krul's apparent departure from Newcastle. Arsenal are reportedly eyeing up the Newcastle shot-stopper after a move for Queens Park Ranger's Julio Cesar has hit the buffers.
15:18 BST: Chronicle-Live reports that Newcastle United have yet to bid for PSV keeper Jeroen Zoet. Previous reports had suggested that the Magpies submitted a bid of £1.7million. This adds fuel to the rumours of Tim Krul's departure from St. James' Park.
15:10 BST: St Etienne have signed Benjamin Corgnet from FC Lorient. They hope to also sign Wahbi Khazri and Franck Tabanou. Meanwhile, goalkeeper Stephane Ruffier has agreed terms with Roma. Lot's of activity there for The Greens, who of course have offloaded their biggest name player in Pierre-Emerick Aubameyang to Borussia Dortmund.
14:52 BST: Daniel Halfar is welcomed to new club FC Koln by teammate Anthony Ujah. He signed from TSV Munich.
Welcome to cologne Halfar pic.twitter.com/J4vzaTs1ia— Anthony Ujah (@ujah_13) July 11, 2013
14:40 BST: DONE DEAL: Alcantara signs! It's not Thiago though. His brother Rafinha has left Barcelona on a one-year loan deal to Celta Vigo.
14:38 BST: The Metro reports that Arsenal are looking to sign Newcastle United goalkeeper Tim Krul after a move for Queens Park Rangers shot-stopper Julio Cesar has hit the buffers.
14:24 BST: DONE DEAL: Veteran defender Martin Demichelis has signed a one-year deal with Atletico Madrid having opted not to stay at Malaga.
14:15 BST: Catch the full story on Joey Barton's never-ending transfer saga HERE. Will he get his move to Marseille? Or be doomed to play in the Championship under Harry Redknapp?
14:14 BST: After being released from Spurs. John Bostock has a new home.
Delighted to announce that I've signed for Royal Antwerp FC today. Can't wait to start the season...— John Bostock (@JohnJBostock) July 11, 2013
14:13 BST: Kicker reports that Schalke may use the some of the transfer fee for Sergio Escudero to meet Fulham's €2.5million asking price for Sascha Riether. Schalke are thought to have only been prepared to pay €2million for Riether up to now.
14:06 BST: Just a rumour circulating at the moment that Liverpool are interested in Galatasaray forward Burak Yilmaz. He netted 8 goals in an impressive Champions League campaign last season and wouldn't come cheap. Potential Luis Suarez replacement?
13:50 BST: Read the full story on Nicklas Bendtner's failed move to Eintracht Frankfurt HERE
13:38 BST: There are potential add-ons in the Bony deal for Swansea. The striker has signed a four-year-deal with the Swans. Watch some of his many goals from last season below:
13:36 BST: DONE DEAL: Wilfried Bony has completed his transfer to Swansea City from Vitesse Arhem for a fee of £12million.
13:31 BST: Spurs were close to sealing a deal for David Villa, with a fee of £8 million being agreed with Barcelona. However, the lure of Atletico Madrid and the Champions League snatched him away, with a lower fee of a possible £4.4 million. Villa's father has spoken out about the deal.
'Until Atletico made their appearance, his plan was to play abroad,' said Jose Manuel Villa. 'Barca wasn't counting on him, and we have to be grateful for the club's help in making his leaving so trouble-free. We thought that his time in Spain was up, but when Atletico came on the scene, his enthusiasm came right back. My family and I are delighted that he is staying in Spain. Atletico is a different type of club that you can't help but like,' he added.
Watch some of David Villa's best Barca goals below:
13:23 BST: DONE DEAL: AFC Bournemouth have completed the signing of 24-year-old striker Mohamed Coulibaly on a free transfer, subject to international clearance.
13:10 BST: Read the full story on Pep Guardiola's chase of Thiago Alcantara HERE.
12:59 BST: Argentina defender Federico Fazio has confirmed that he is going to renew his contract with Sevilla. FULL STORY HERE.
12:42 BST: According to Sky Sports, Bolton have signed Scottish youngster Gary Fraser on a free transfer from Hamilton Academical.
12:35 BST: Marca reports that Real Sociedad are set to complete the signing of Swiss attacker Haris Seferovic from Fiorentina. The two clubs have agreed on a €3million transfer fee. He is set to undergo a medical this afternoon, with an official statement later today.
12:24 BST: Roque Santa Cruz has officially signed a three-year-deal at Malaga. Joining on a free from Manchester City, who snapped him up back in 2009. Here's a goal he scored against Oldham (1:28):
12:16 BST: Nacer Chadli's agent has confirmed that Spurs are interested in the attacking winger, but says an offer has not been made. However Swansea have made a bid for the Belgian.
12:02 BST: SC Freiburg have signed 22-year-old striker Admir Mehmedi on loan from Dynamo Kiev with an option to buy.
11:53 BST: Joey Barton's agent, Willie McKay, says the former Newcastle midfielder deserves better treatment from Marseille as he negotiates way out of Queens Park Rangers. Barton's most impressive achievement whilst playing in France must be this:
11:42 BST: German newspaper Kicker revealed the reasons behind the called off Nicklas Bendtner transfer. Unlike Frankfurter Rundschau yesterday, they report Bendtner would have been on €3million (just like at Arsenal) and wanted a €5million release clause in his contract to be triggered in 2014.
11:37 BST: Football-Italia report that Inter Milan could make a move for Juventus defender Mauricio Isla.
11:26 BST: More from Pep on Thiago Alcantara. 'I don't think adding another midfielder will be a problem. I spoke to the club about my concept and told them why I want Thiago. He is the only player I want, that's what I told them. It'll be him or no one. We have many players but we the need the special quality that Thiago brings. The club will decide. I told them my opinion.' Quotes courtesy of Raphael Honigstein.
11:23 BST: SportsNewsIreland reports that Chelsea are closing in on their long term target Daniele De Rossi. Roma are set to sign PSV midfielder Kevin Strootman, leaving the door open for De Rossi to join the Blues.
11:16 BST: More from Raphael Honigstein. This time from Pep Guardiola's press conference:
Pep: "I want Thiago Alcantara. Have asked (Bayern to get him) Don't know what will happen".— raphael honigstein (@honigstein) July 11, 2013
11:11 BST: Benoit Tremoulinas has agreed a deal to take him from Bordeaux to Dynamo Kiev. Still awaiting an official statement from either club, but the deal is certainly close to completion.
11:02 BST: Sky Sports are reporting that Newcastle United manager Alan Pardew has warned other clubs about approaching his players. The Magpies' boss said: 'I feel we are in a strong position financially to hold on to our players. If one of our top players goes, it will be a bid that blows the doors off. That's it.'
10:54 BST: More news on Angelo Ogbonna from Italy. The defender is on the verge of becoming a Juventus player after Torino and the Old Lady agreed on a fee for the Italian. All that remains is for the 25-year-old to pass a medical, which he is undergoing this morning, and sign a contract with the Bianconeri. An official announcement is expected this afternoon.
10:49 BST: FC Lorient coach Christian Gourcuff says he's not against Jeremie Aliadiere leaving the club as the player is unhappy, but 'there are no offers.' The former Arsenal striker has scored 23 goals in 53 games since joining the Ligue 1 side.
10:36 BST: Marseille president Vincent Labrune says his club will try to take France Under-20 striker Florian Thauvin from Lille. His club have previously declared him as 'untransferable.' Whilst SportsDirect News reports that Arsenal and Manchester City are ready for a battle to sign him as the 'New Nasri.' Thauvin says he's not aware of tug-of-war for him.
10:25 BST: The Independent reports that Norwich City are looking to sign Leroy Fer after completing the signing of Martin Olsson yesterday. This will add to Javier Garrido who signed a permanent deal with the club, youngster Nathan Redmond, and Ricky van Wolfswinkel. Watch Fer's late winner for Netherlands in the U21 Euro's below.
10:14 BST: More news regarding Spurs. The Daily Mail reports that Clint Dempsey has been made available for transfer by the North London club. Whilst West Ham will go to war with Queens Park Rangers over the future of veteran midfielder Scott Parker.
10:06 BST: Sunderland Echo reports that Spurs midfielder Tom Huddlestone is close to a move to Sunderland. Tottenham seemed desperate to offload Huddlestone during last season and finally it seems the Black Cats will give him a chance to rebuild his reputation with a move away from London. Fulham have also been linked to the 26-year-old but it looks like they'll miss out.
09:53 BST: St Etienne's president has said that Kurt Zouma and Brandao will not leave the club this summer. Young centre-back Zouma has been linked to Manchester United in the past.
09:45 BST: DONE DEAL: Getafe have completed the signing of Schalke left-back Sergio Escudero on a five-year-deal. The Spaniard was on loan at Getafe last season and scored this freekick:
09:39 BST: New Stuttgart goalkeeper Thorsten Kirschbaum revealed that he named his pet mastiff 'Demba', after Chelsea striker Demba Ba. 'He is also tall, slim and good with headers,' Kirschbaum said. Kirschbaum was teammates with the real Ba at Hoffenheim.
09:31 BST: Sky Sports are reporting that Swansea are in talks to sign Queens Park Rangers midfielder Esteban Granero. They quote Granero's agent saying: 'The two clubs are talking about a transfer, it's true,' he continued. 'Michael Laudrup knows him very well from their time at Getafe, where together they had a great UEFA Cup campaign. Swansea are also looking at many Spanish players and play in Europe next year, so the destination would be absolutely acceptable to Esteban.'
09:24 BST: Hamburg are set to announce the signing of Borussia Dortmund defender Lasse Sobiech, 22, today. Sobiech spent last season on loan at Greuther Furth and will join Hamburg for a reported £800,000 with add ons.
09:16 BST: Real Madrid's pursuit of Real Sociedad midfielder Asier Illarramendi is heating up, the club has reportedly agreed terms with the player but the fee is holding back the transfer.
09:11 BST: Santos have dropped their interest in Robinho saying he's 'too expensive'. AC Milan CEO Adriano Galliani has said 'There's still time' for a deal to happen though.
09:07 BST: The Express reports that Hull manager Steve Bruce does not expect the club to make another attempt to sign Celtic forward Gary Hooper.
09:01 BST: Angelo Ogbonna is reportedly now having a medical at Juventus ahead of his move from Torino. (See 08:20)
08:57 BST: German football expert Raphael Honigstein gives an update on Thiago.
Still nothing from Bayern sources on Thiago Alcantara. I'd treat the story of him joining with extreme caution, to say the least— raphael honigstein (@honigstein) July 11, 2013
08:54 BST: Napoli are reportedly ready to make an £11million bid for Lyon's Maxime Gonalons, who has previously stated that he does not want to leave the club.
08:45 BST: Eintracht Braunschweig's new signing Simeon Jackson is a happy man:
What a day!Thanks for all the good luck messages! Happy to be here in Germany at my new club! Can't wait to get started in the Bundesliga!— Simeon Jackson (@JacksonSimeon) July 10, 2013
08:38 BST: Schalke defender Kyriakos Papadopoulos’s release clause can only be triggered until July 31, and with the Greek defender still not back in training it appears unlikely that another club will be ready to splash out £19million for the Greece international.
08:32 BST: Borussia Dortmund's new signing Henrikh Mkhitaryan got off to a flying start for his new team. Liverpool missed out on the midfielder and you can see why they have reason to be upset. Check out his contributions to Dortmund's win over Basel here:
08:20 BST: Juventus expect to complete the signing of Angelo Ogbonna from Torino today. The Italian champions will then turn their attention to Alessandro Diamanti and Juan Camilo Zuniga.
05:52 BST: Belgian footballers are in high demand these days and it seems Tottenham have caught onto the talent pool coming out of the country. The Mirror says Spurs are closing in on deals for Standard Liege defender Daniel Opare and FC Twente winger Nacer Chadli.
05:03 BST: Hold the phone! The Daily Star are reporting that Manchester City will attempt to hijack Manchester United's plans to bring Cristiano Ronaldo back to England. City, who famously snatched Carlos Tevez away from their arch-rivals, are hoping to lure the Portugal international to the Etihad if Madrid make him available. Might have to get the old 'Welcome to Manchester' sign out again.
03:05 BST: Sky Sports Italia claim Napoli are set to launch another bid for Internacional striker Leandro Damiao. It is said the Serie A side will table a bid in the region of €21 million this week.
02:11 BST: Robinho looks set to remain at AC Milan next season after Brazilian side Santos called off their chase. FULL STORY HERE.
Manchester United and City are set to battle it out for Fiorentina forward Stevan Jovetic, while a return to Arsenal could be in the offing for Cesc Fabregas.
The Sun and the Daily Mirror report Stevan Jovetic could be on his way to Manchester, with United and City both chasing the Montenegro international. It is said an offer of £27 million would be enough to bring Jovetic to the Premier League, but Arsenal - once heavily linked with the 23-year-old - now evidently behind their rivals in the signature race.
United have reportedly missed out on Borussia Dortmund striker Robert Lewandowski, while City boss Manuel Pellegrini has already stated his desire to bring in another top striker to replace Carlos Tevez. Jovetic ticks all the boxes for both clubs, who have been speaking to agent Fali Ramadani this week in London.
While the Gunners may miss out on Jovetic, former skipper Cesc Fabregas could be set for a dramatic return to the Emirates, according to the Daily Mail. Arsenal have a first-option buy-back clause placed on Fabregas after they sold the midfielder to Barcelona, and are said to be preparing a £25 million offer. Fabregas has declared his desire to remain at Barcelona, but has struggled to make an impact in big games under manager Tito Vilanova.
Tottenham are also linked with more summer business in The Sun, with Andre Villas-Boas ready to part with one of four players in order to secure the services of Aston Villa's Christian Benteke. The striker has placed a transfer request with Villa, and Villas-Boas is eager to complete a deal before a Premier League rival swoops in. The Spurs manager is prepared to let Benoit Assou-Ekotto, Scott Parker, Jake Livermore or Tom Huddlestone leave to finalise a part-exchange deal.