Amid all the action at the Euros and Copa America, the summer transfer window has opened for some leagues, with Europe's biggest clubs looking to make a splash in the transfer market. Check out the latest gossip below, and see all official deals here.
TOP STORY: Man United want Torres in swap deal
The 24-year-old has impressed for the Yellow Submarine this season, making 33 appearances from a possible 38 in La Liga. Torres also played a key role in the Europa League success of Unai Emery's side, who managed to beat Ole Gunnar Solskjaer's United on penalties in the final.
The Spain international, on duty at Euro 2020, has a reported release clause of €60 million in his contract that runs until 2024. However, United's hierarchy have the growing belief that an offer involving a fee, plus players, could persuade the La Liga outfit to let him go, although the Spanish side would prefer a higher valuation with no players involved.
The Red Devils are keen to bolster their defensive ranks, looking for an ideal partner for captain Harry Maguire. If they should fail to land Torres, there are a number of backup options they are also evaluating.
The club saw an offer of €55m shrugged off by Real Madrid for Raphael Varane and are reluctant to go higher due to the player's contract expiring in 2022. Sergio Ramos is another who has been linked with the Premier League side in recent weeks and he is available on a free transfer from Real Madrid this summer..
21.19 BST: Le10 Sport reports that with Gianluigi Donnarumma set to join Keylor Navas at Paris Saint-Germain, there remains no room for 28-year-old goalkeeper Alphonse Areola at Parc des Princes. And as AC Milan signed Lille No. 1 Mike Maignan to replace Donnarumma, the Ligue 1 champions are now interested in bringing in Areola following his loan spells at Real Madrid and Fulham.
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20.05 BST: Juventus are preparing to add the rights to 19-year-old centre-back Radu Dragusin to their €30m offer to Sassuolo as they attempt to sign Italy midfielder Manuel Locatelli, according to Gazzetta dello Sport.
19.28 BST: Kevin-Prince Boateng is closing in on a return to boyhood club Hertha Berlin, Kicker writes. The German capital club initially intended to sign the 34-year-old midfielder and half-brother Jerome Boateng, but the former Bayern Munich centre-back and free agent intends to move abroad this summer.
18.51 BST: While Marseille and Stade Rennes have been linked with a move for former Arsenal and Chelsea centre-back David Luiz, Le10 Sport reports that Paris Saint-Germain president Nasser Al-Khelaifi is keen on bringing the 34-year-old former Brazil international back to the French capital. However, neither manager Mauricio Pochettino nor sporting director Leonardo share Al-Khelaifi's enthusiasm.
18.14 BST: With creator-in-chief Hakan Calhanoglu having just signed for Internazionale on a free transfer, AC Milan are in the market for a playmaker, according to Gazzetta dello Sport. Hakim Ziyech is at the top of their list, but the 28-year-old Morocco international joined Chelsea for €40m just last season and earns €6m a year, making any such move a potentially expensive one. Alternatively, the Rossoneri could turn to 24-year-old Dani Ceballos, who's spent the past two years on loan with Arsenal from Real Madrid.
17.37 BST: Turkey international and former AC Milan midfielder Hakan Calhanoglu has crossed the city divide to join Internazionale on a three-year contract, with the 27-year-old joining on a free transfer after the expiration of his Rossoneri deal. Read the full story.
17.00 BST: Barcelona's transfer strategy has been interesting so far.
16.12 BST: Euro 2020 may be in full swing but transfer business still rumbles on for clubs across the continent as they continue their preparations for the new season.
With Turkey crashing out of the group stage, Hakan Calhanoglu is now free to focus his attention on a move that has been bubbling away for several weeks. The AC Milan midfielder looks all set to cross the city divide and join rivals Inter Milan on a free transfer this week, with a medical reportedly due to take place on Tuesday.
Of course, when a player leaves a club to sign for their big rivals, there is always the chance that the move will be met with controversy, or leave at least one of the parties involved looking very silly indeed, as the following major transfers show. Including:
- Johan Cruyff: Ajax to Feyenoord (1983)
- Roberto Baggio: Fiorentina to Juventus (1990)
- Luis Figo: Barcelona to Real Madrid (2000)
- Sol Campbell: Tottenham Hotspur to Arsenal (2001)
16.00 BST: Norwich City have signed Werder Bremen winger Milot Rashica.
Rashica, 24, joins for an undisclosed fee (which will have been paid for by the £33m exit of Emi Buendia to Villa) and the Kosovo international has put pen to paper on a four-year deal.
"I'm really excited to play in front of the Norwich fans and in the Premier League," he told the club website. "I will of course give my best to this football club in every game and hope to excite the fans with many goals and assists. I can't wait to get started.
"I know a few things about the club, particularly the style of play under Daniel Farke. I want to continue to learn and develop as a player and person and I think that the style of play here will suit me very well."
The Athletic reports that Norwich also want to sign Scotland international midfielder Billy Gilmour on loan from Chelsea.
15.44 BST: Gazzetta dello Sport claims that Manchester United are among the clubs tracking Poland international Kacper Kozlowski.
Kozlowski, 17, made his debut at Euro 2020 against Spain and broke Jude Bellingham's record as the youngest player to ever feature at a European Championship.
The Pogon Szczecin midfielder has Barcelona, United and Juventus on his trail, though Borussia Dortmund are reported to be leading the queue.
15.00 BST: La Liga president Javier Tebas has warned Barcelona they risk not being able to register Lionel Messi next season if they don't reduce their wage bill.
Messi's deal expires in nine days, and he has not yet made a public decision on whether he will extend his 20-year relationship with Barca.
President Joan Laporta remains optimistic Messi will sign new terms at Camp Nou, but Tebas said Barca must ensure they remain within the league-imposed salary cap.
"Barcelona have exceeded their wage cap," Tebas said on Monday. "I hope they can keep Messi, but to do so, they will have to make cuts elsewhere."
Prior to the COVID-19 pandemic, Barca had the largest cap in Spain's top flight in 2019-20 at €671m. However, La Liga's new limit for the 2020-21 season was €382.7m. The Catalan club were given some leeway in terms of reducing salaries, but it meant they were unable to register Memphis Depay despite agreeing on a fee with Lyon last September.
La Liga could technically prevent them from registering Messi's new contract or inscribing new signings this summer if they don't adhere to certain financial regulations.
14.20 BST: Burnley are set to sign defender Nathan Collins for a fee of around £12m, says the Daily Telegraph.
Collins, 20, was the subject of two failed bids from Burnley in the January transfer window but now looks like he will get his move.
14.02 BST: Chelsea have a "concrete interest" in Aston Villa's Jack Grealish this summer, according to Football Insider.
Pep Guardiola wants Grealish as part of Manchester City's summer squad strengthening programme, with sources telling ESPN that the City manager regards the midfielder as important a target as Tottenham forward Harry Kane.
However, Chelsea are also prepared to battle for Grealish after spending over £220m on Kai Havertz, Timo Werner, Ben Chilwell, Hakim Ziyech and Edouard Mendy last summer.
Grealish is valued at around £100m and signed a five-year contract with Villa last year. Villa have spent £33m to sign Emiliano Buendia from Norwich City this summer and are also reportedly interest in Southampton's James Ward-Prowse and Arsenal playmaker Emile Smith Rowe.
13.18 BST: Could a Harry Kane and Raheem Sterling swap work from a playing point of view?
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12.27 BST: There have been reports Raheem Sterling could be one of the players Manchester City use to tempt Tottenham to move Harry Kane on for £100m-plus-players this summer, but sources have told ESPN the England winger is not willing to be part of any deal.
The Daily Star says City could offer four other players as possible swaps: Gabriel Jesus, Bernardo Silva, Aymeric Laporte and Riyad Mahrez.
Sources have told ESPN there is an acceptance at the Etihad Stadium that it will be hard to prise Kane from Tottenham this summer given his importance to Spurs and his contract situation.
12.15 BST: Shakhtar have signed Marlon from Sassuolo for a €12m fee plus add-ons. The defender has put pen to paper on a five-year contract.
11.45 BST: Liverpool defender Neco Williams is reportedly available for £10m and Leeds, Southampton, Aston Villa and Burnley are showing interest, according to The Athletic.
Williams, 20, has impressed for Wales at Euro 2020 but has struggled to oust Trent Alexander-Arnold from the starting XI at Anfield.
11.21 BST: Wolves forward Adama Traore seems to be keen on a return to Barcelona.
Traore, 25, left Barca in 2015 and headed to Aston Villa before joining Middlesbrough then Wolves in 2018. The Spain international is at Euro 2020 and has a contract at Wolves until 2023.
"Barcelona is my home, that's the reality. I grew up there, I was there for 10 years," he told RAC1. "They've always given me a lot. We would have to see what they offer... but now the mentality is the national team and Wednesday's game."
Barca certainly don't need a forward at the moment as they have Lionel Messi, Sergio Aguero, Antoine Griezmann, Ousmane Dembele, Ansu Fati, Memphis Depay, Trincao and Martin Braithwaite. But Sport reckons they might keen on a swap for Trincao and Traore.
10.46 BST: AS says that Mallorca are "in pole" position to land Atletico Madrid's backup goalkeeper Ivo Grbic on loan.
Grbic, 25, is stuck behind No. 1 Jan Oblak and needs game time but Atletico may have to consider getting a reliable backup if they send him away, though they could promote 23-year-old Miguel San Roman.
10.10 BST: Manchester United could sign Sergio Ramos for nothing, but should they?
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09.40 BST: Gianluca Di Marzio reports that Hakan Calhanoglu is undergoing his medical at Inter ahead of his switch from AC Milan.
Calhanoglu, 27, will leave Milan on a free transfer this summer and move to the club's city rivals.
Tuanzebe is highly rated at Old Trafford but found opportunities hard to come by last season, starting just nine games.
The centre-back, who has been capped by England at Under-21 level, is keen to continue his development with a full season out on loan and sources have told ESPN that clubs in the Premier League and abroad have already registered interest in signing the 23-year-old for the 2021-22 campaign.
He has a contract at Old Trafford until 2022 with the option of a further year.
08.44 BST: The transfer rumour mill is still turning but it is unlikely that any of Europe's top clubs will spend €100m on one player this summer, as they have done in the past. Transfer values have shrunk, and clubs are cutting costs, but swap deals could be the salvation.
How about Real Madrid's Raphael Varane and Rodrygo switching places with Paris Saint-Germain's Kylian Mbappe? Or even Juventus' Cristiano Ronaldo and Aaron Ramsey moving to Manchester United, with Paul Pogba going in the other direction?
With the caveat that they are all hypothetical, here's a list of swap deals that big clubs could try to pull off in the transfer market to get what they want.
- Molyneux-Carter: Transfer swap deals we'd like to see
08.00 BST: Manchester City are readying a £100m offer for Tottenham Hotspur striker Harry Kane, sources have told ESPN's James Olley and Rob Dawson.
Kane, 27, has informed Spurs of his desire to leave this summer, with City leading Manchester United and Chelsea in the race for his signature.
Sources at both City and Tottenham have denied a formal bid has been tabled as of Monday afternoon.
But sources said City are preparing to test Spurs chairman Daniel Levy's resolve with an opening offer that could also include a player-plus-cash proposal.
Sources said Levy is certain to reject any bid at that level, given Kane is valued at around £150m and has three years remaining on his current £200,000-a-week contract.
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PAPER GOSSIP (by Luke Thrower)
- Atletico Madrid are interested in Napoli forward Lorenzo Insigne, according to Mundo Deportivo. The 30-year-old only has one year left on his deal, and with Udinese midfielder Rodrigo de Paul set to join Los Rojiblancos, Diego Simeone is interested in more signings from Serie A.
- Following on with more from Atletico Madrid, the club are said to be interested in Hector Bellerin this summer should they move for a right-back. Marca reports that the 26-year-old looks to be edging closer to an Arsenal exit after seven years at the club, and Simeone would like to sign the Spain international if they lose a full-back of their own. Both Kieran Trippier and Sime Vrsaljko have been linked with a move away.
- Leicester City have joined Nice in the battle for the signature of Celtic's Ryan Christie this summer with former Hoops manager Brenden Rodgers taking an interest in the midfielder, according to The Daily Mail. The 26-year-old is yet to sign a new deal at the club with his contract expiring in January. Nice put in an £8m offer in January of 2021, but Rodgers is determined to bring the Scotland international to the Midlands.
- Paris Saint-Germain are in pole position to sign Sergio Ramos on a free transfer when he leaves Real Madrid this summer, according to AS. Mauricio Pochettino's side are said to have tabled a better financial deal for the 35-year-old than the likes of Manchester United and Manchester City. The French capital is the perfect destination for the player's family with a two-year offer also meeting his contract expectations for the future.
- Juventus are looking to part ways with Aaron Ramsey, with a return to the Premier League a possibility, according to Calciomercato. The 30-year-old has had a tough time in Italy since his move, injuries still plaguing him, but the former Arsenal midfielder has shown glimpses of quality with Wales at Euro 2020. West Ham United and Crystal Palace are said to be interested in a deal, while Juve would hold out for a transfer fee of €15m to let him go.