Manchester United will offer Real Madrid 140m euros (£121.8m) for 28-year-old Welsh midfielder Gareth Bale.
United and Chelsea are interested in Barcelona’s Spanish 29-year-old left-back Jordi Alba.
The president of Italian third-tier side Rimini FC has offered to take Liverpool keeper Loris Karius on a year-long loan deal as a gift for his birthday, which is 22 June, so the 24-year-old German can “rediscover calm and his self-belief” after his Champions League final disaster.
West Ham are in talks with Barcelona with a view to signing their 22-year-old Brazilian centre-back Marlon Santos.
The Hammers are also keen to bring Genoa’s 26-year-old Italian defender Armando Izzo to the club.
Real Madrid are favourites to beat Arsenal to the signature of Atletico Madrid’s Uruguayan defender Jose Gimenez, and are set to active his £53m release clause.
Inter Milan will have to pay 40m euros (£34.8m) for Barcelona’s 25-year-old Brazilian midfielder Rafinha, who was on loan with the Serie A club last season.