Real Madrid's pursuit of Gareth Bale is evidently heating up, and it seems Tottenham are willing to part with the star winger... for an eye-watering £125 million.
22.31 BST: Not much news breaking at the moment, but we'll be back before long with all the latest from the morning's papers.
22.25 BST: Calum Chambers has signed a new four-year deal at Southampton.
22.04 BST: The Press Association reports that “there is little likelihood” Joey Barton will secure a move to Everton. Former Toffees goalkeeper Neville Southall, meanwhile, has been making fun of the QPR midfielder on talkSPORT.
Asked about the move, Southall said: “I think they have already got a kitman. What is he going to add to Everton? He might be a half-decent player at times but, if he was that good, Harry Redknapp would be begging him to stay at QPR. I don't see how he will fit into Everton's style of play. He ain't the best passer in the world. Yes, he is fit and runs up and down all day, but Forrest Gump did that as well, didn't he?”
21.30 BST: Schalke general manager Horst Heldt has dismissed rumours that Kyriakos Papadopoulos is close to joining Liverpool. FULL STORY.
20.54 BST: Newcastle United are on the verge of securing a loan deal for Queens Park Rangers striker Loic Remy, a source close to the player has told ESPN FC. FULL STORY.
20.30 BST: Swansea boss, and former Real Madrid star, Michael Laudrup thinks Gareth Bale can probably handle the pressure of a mega-money move to the Bernabeu. “He has technical ability to play there but let's see what happens,” he said. “I think he's a great player and he's already shown that with a fantastic season for Tottenham last season, but we are reading about some big numbers and if they are true maybe in the end he will go.”
20.12 BST: Former Real Madrid president Ramon Calderon has claimed the club’s desperation to sign Gareth Bale this summer is driven by their fear that Cristiano Ronaldo will leave the Bernabeu. FULL STORY.
19.39 BST: Panathinaikos midfielder Charis Mavrias will not be joining Sunderland. The two clubs had agreed a fee of around €3 million but, after various issues, sources close to the Black Cats have indicated to ESPN FC that they decided against the deal.
19.04 BST: DONE DEAL Norwich midfielder Andrew Surman has joined Championship newcomers Bournemouth on loan. FULL STORY.
18.56 BST: Sky Sports News believes Gareth Bale told Spurs once again today he wants to join Real Madrid.
18.29 BST: DONE DEAL Doncaster have announced the signing of former Chelsea goalkeeper Ross Turnbull on a one-year deal.
18.14 BST: DONE DEAL Cardiff have signed Steven Caulker from Tottenham on a four-year deal. FULL STORY.
17.56 BST: The agent of Porto forward Jackson Martinez says his client would relish the chance of joining Napoli while inviting the two clubs to strike an agreement over a fee. FULL STORY.
17.37 BST: Tottenham look to be close to tying up the signing of Valencia striker Roberto Soldado. FULL STORY.
17.27 BST: Doncaster are close to signing former Chelsea goalkeeper Ross Turnbull, according to Football Heaven’s Andy Giddings.
17.11 BST: Here is the full story on Kolarov dismissing talk of a move to Juventus.
16.56 BST: Tottenham defender Steven Caulker, who has played once for England, is having a medical with newly promoted Cardiff City, Sky Sports News reports.
16.42 BST - DONE DEAL: Tottenham Hotspur defender Bongani Khumalo has joined Doncaster Rovers on a season-long loan deal. Khumalo, 26, joined Spurs from Supersport United in 2010 but the South Africa captain has been unable to force his way into the first-team and also spent time on loan with Preston and Reading.
16.33 BST - DONE DEAL: Doncaster Rovers have officially confirmed the signing of Harry Forrester, who left Brentford earlier in the summer.
16.14 BST: Atletico Mineiro player Bernard would like to move to Porto, his father has said. Bernard has interested Arsenal and Shakhtar Donetsk.
15.45 BST: AFC Wimbledon could bring in Cardiff and Wales defender Rhys Weston, the League two club’s manager Neil Ardley has said. Ardley said the 32-year-old, who has been on trial with the Dons, “has done exceptionally well”.
15.30 BST: Saloman Kalou, who has been linked with a move to West Ham, is now interesting West Brom, according to reports. The Baggies, Midlands paper The Express and Star says, are prepared to offer Lille man £40,000 a week.
15.03 BST - DONE DEAL: Spanish striker Cristian Lopez has moved to Championship Huddersfield on a one-year deal. Lopez, available on a free transfer after leaving Atletico Baleares, had been with the club on trial.
14.45 BST - DONE DEAL: Ex- Bristol City and Hereford striker Marlon Jackson has joined Bury, signing a one-year deal with the Shakers.
14.35 BST - DONE DEAL: Brentford, having sold Simon Moore to Cardiff, have moved quickly to replace the goalkeeper with Charlton’s David Button, 24, who has come in for an undisclosed fee.
14.20 BST: Borussia Dortmund is a better place to be than Manchester City – according to Dortmund’s Jakub Blaszczykowski. The Poland international had interested City but committed to a new deal in Germany and told Polish newspaper Przeglad Sportowy: "Dortmund simply had the advantage over Manchester City. We have a great squad, fantastic manager, incredible supporters and a very bright future ahead of us.”
14.05 BST: Tottenham defender Steven Caulker could be on his way to Premier League newcomers Cardiff, who would break their transfer record for the second time this summer if they sign him. Wales Online reports that the 21-year-old is holding talks with the Bluebirds, who would be likely to pay more than the £8.5 million for which they signed striker Andreas Cornelius.
13.51 BST: Sunderland have bid £6.5million for Beskitas midfielder Manuel Fernandes, according to a report in Turkey. With manager Paolo Di Canio revealing he is still looking for a player to “bring the keys to the house”, the former Portsmouth and man has emerged as his latest target.
13.21 BST: Manchester City left-back Aleksandr Kolarov has told Tuttosport he wants to stay at the club and convince new manager Manuel Pellegrini he is worthy of a first-team place.
13.12 BST: Newcastle manager Alan Pardew has told the Evening Chronicle that the club will not pay over the odds for a striker as they look to strengthen their forward line. The Magpies recently saw a bid for Lyon’s Bafetimbi Gomis turned down.
12.45 BST: And more on Luis Suarez: Liverpool manager Brendan Rodgers has said his star striker "totally understands" the club's unwillingness to sell him. Suarez, 26, has made it clear he wants to leave Anfield, with Arsenal keen to sign him and Real Madrid also linked with a move. Liverpool have said he cannot go for any less than £50 million.
12.22 BST: Liverpool have agreed a deal in principle to sign defender Lorenzo Melgarejo on a season-long loan from Benfica, subject to a work permit being secured. Reds boss Brendan Rodgers is looking to give Jose Enrique competition for the left-back spot, prompting him to move for Melgarejo, sources said.
12.05 BST: Barcelona will sign a centre-back from the Premier League in the summer - and Chelsea's David Luiz is their top choice, according to Spanish daily El Mundo Deportivo. The paper says that although there are a number of options, the La Liga champions have a shortlist of two – Luiz and Liverpool's Daniel Agger.
11.44 BST: Jack Colback needs to make a decision on his Sunderland future soon, manager Paolo Di Canio has said. The Italian wants Colback, who has rejected the offer of a new contract, to stay and told the Sunderland Echo: "He has to make clear what he wants to do in the future, because if one player has it in his brain to leave, it is difficult. He's one of the most positive young players we have got." Here's a very positive contribution from Colback in an FA Cup tie against Middlesbrough:
11.26 BST: Inter Milan are to turn their attention to bringing in new Chelsea arrival Wallace on loan after their move for Napoli's Juan Zuniga fell through. The Nerazzurri are in the market for a wing-back who can fit into coach Walter Mazzarri's 3-5-2 system - and while Zuniga was their preferred choice, his decision to stick with Napoli has convinced Inter to look elsewhere.
11.20 BST: David Luiz is a man in the news today. Barcelona apparently want him, but former Barcelona coach Pep Guardiola, now at Bayern Munich, doesn’t – despite people saying he does. "He's not coming to Munich," Guardiola said. "We've got four or five central defenders. There is no truth to the speculation."
10.57 BST: Stoke goalkeeper Asmir Begovic has said he wants to stay where he is, despite speculation linking him with a transfer. "I am happy to stay and I am not looking for a move,” he said. “It's where I see my future."
10.53 BST - DONE DEAL: Peterborough United have signed striker Britt Assombalonga from Watford for an undisclosed fee, with the 20-year-old putting pen to paper on a four-year deal.
10.45 BST - DONE DEAL: Newcastle United’s Mehdi Abeid has joined Panathinaikos on a season-long loan deal. The 20-year-old featured for the Magpies in last season’s Europa League.
10.30 BST: Marseille president Vincent Labrune has said his club’s best achievement of the summer so far has been keeping hold of big-name players such as goalkeeper Steve Mandanda and defender Nicolas Nkoulou, who have been linked with Monaco. Ghanaian star Andre Ayew also remains, despite suggestions he could be lured to England.
10.18 BST: And more, this time from Real coach Zinedine Zidane, who says: "Gareth is already one of the finest players in Europe and has everything needed to become the best player in the world. It is a bit of a cliche, but it is true you become a better player by playing with better players."
10.05 BST: Barcelona midfielder Javier Mascherano has said Gareth Bale can shine in Spain if Real Madrid succeed in signing him for billions of pounds. The former Liverpool man said: "Bale is a player that has shown in the last three years that he is one of the best in his position."
09.50 BST: First David Luiz, now this: Barcelona could table a big-money bid for Manchester City skipper Vincent Kompany, according to the Manchester Evening News.
09.09 BST: Gareth Bale spin-off – if he joins Real Madrid, Sami Khedira could be set for a reunion with Jose Mourinho, with Metro saying Chelsea could table a £20 million offer.
08.58 BST: Hamburg’s potential move for Everton striker Nikica Jelavic – who may cost them more than €7 million – could be off after club officials were reported to have voiced concerns that it would be too much of a financial risk. Coach Thorsten Fink said: "I work with the players I have. Everything else is up to Oliver [Kreuzer, the sporting director]."
08.55 BST: AFC Wimbledon boss Neil Ardley is pleased with his loan acquisition of striker Michael Smith from Charlton. Smith will stay with the Dons until January, and Ardley said: "We looked at a lot of strikers as the summer progressed but Michael ticked all the boxes."
08.51 BST: The Manchester Evening News doesn’t believe the Cesc Fabregas saga is over just yet, despite what Barcelona are saying about their player not going anywhere. The paper says United - who have had two bids for ex-Arsenal man Fabregas rejected - will return with a third, and this one will be a club record offer of more than £30 million. Here's the sort of thing the champions might be wanting:
08.45 BST: News from France: Diego Lugano was back training with PSG's first-team squad again on Tuesday after spending time with the reserves – but the Uruguayan is still likely to leave over the summer, with a move to England or Turkey possible. And Marseille president Vincent Labrune, quoted in Le Parisien, says he will consider offers from leading clubs for Andre Ayew – but will not allow Foued Kadir to leave on loan.
08.40 BST: Other reports in Spain say Real Madrid goalkeeper Antonio Adan could be on his way to Sporting Lisbon.
08.30 BST: That Barcelona move for Chelsea’s David Luiz, mooted all over the place in the last few weeks, could still be on the cards despite Jose Mourinho’s insistence that the Brazil international would be going nowhere. That’s not what Mundo Deportivo thinks – it says Barca will focus on bringing him to the Camp Nou and could begin talks soon.
08.15 BST: Have you had enough of the Cesc Fabregas transfer saga yet? No, we thought not - here's our Barca blogger Francesc Tomas' take on things. He says the midfielder must stay at Camp Nou.
07.59 BST: And while we're on the subject of release clauses, here's the latest on Luis Suarez's – or, more accurately, lack thereof.
07.41 BST: Porto striker Jackson Martinez’s agent has said his client would be honoured to join Napoli, who are likely to have to meet a €40 million release clause to buy him.
07.26 BST: Over in Germany (well, the Netherlands really) Werder Bremen striker Denni Avdic is on the verge of joining AZ Alkmaar, according to Bild. He has only played eight games for Werder since arriving in January 2011.
07.12 BST: Time for our first early morning sweep around Europe, starting in Italy where Inter Milan appear set to sign Wallace from Chelsea to give him the match time that would allow him to get a work permit for the Blues next season. Alternative Milan possibility Juan Camilo Zuniga seems likely to be staying at Napoli.
06:54 BST: Sydney FC youngster Terry Antonis appears set to turn his back on a move to Serie A side Parma, with Sky Blues coach Frank Farina revealing that the 20-year-old would now like to stay in Australia. "That's still a bit of a curved one - he supposedly has a signed contract with Parma, but he wants to stay now," he said. "Can he get out of it, or can he not? At the moment, I'm not 100% sure."
05:55 BST: Joe Kinnear is about to put his transfer market skills to the test for Newcastle, according to a report in the Daily Mirror. Kinnear is set to hold talks with Aston Villa striker David Bent, while a loan move for AC Milan frontman M'Baye Niang could also be in the offing.
04:25 BST: The Daily Mirror says QPR midfielder Joey Barton has approached Everton in order to push through a transfer to Merseyside. The paper claims he is willing to take a 50% pay cut to make the move happen. Barton has not played for QPR since being sent off against Manchester City on the final day of the 2011-12 season - another in a long line of controversial incidents. Refresh your memory...
03:35 BST: Wellington Phoenix have signed defender Reece Caira from Western Sydney Wanderers on a two-year deal.
03:30 BST: The Sun reports that Tottenham Hotspur chairman Daniel Levy will only allow Gareth Bale to leave if the club receives £125 million - a world-record transfer deal. Spurs have already turned down an offer of £81 million from Madrid, and are now seeking the GDP of a small island nation in return for their Welsh superstar.
The Daily Mirror, meanwhile, claims Levy is considering a world-record fee plus Luka Modric in a part-exchange deal. Former Spurs man Modric shone at White Hart Lane and, after struggling to regain that form at the Bernabeu, may be allowed to leave in order for Real to land Bale.
Arsenal remain in pursuit of Luis Suarez but the price of the Uruguayan has also gone up, according to the Daily Mirror.
The Gunners will need to stump up £55 million after the striker conceded that he would not seek arbitration over a reported £40 million release clause in his contract. Suarez has accepted that the Reds are not obliged to release him for any price, leaving him almost certain to remain at Anfield.
A transfer that does look like going ahead is striker Roberto Soldado to Tottenham. Spanish newspaper Superdeporte and the Daily Mail report that the deal could be completed by Wednesday, and also claims Valencia have decided on their ideal replacement for the Spain international - Chelsea's Fernando Torres - but are unwilling to offer more than £25 million. Torres moved to Stamford Bridge from Liverpool for £50 million two-and-a-half years ago.