BLOCKBUSTER ALERT: Real Madrid Ready to Trade Vinicius Jr for Haaland as Arsenal Circle Jackson

Sports Illustrated compiles the most recent transfer speculation and rumors from across the globe.

Premier League

Rasmus Højlund has reportedly come to terms with departing Manchester United during the upcoming transfer window and is eyeing a return to Serie A, with Napoli appearing to hold an advantage over AC Milan in pursuing his services. (Source: GIVEMESPORT)

Arsenal's search for a replacement for the sidelined Kai Havertz has led them to consider Chelsea forward Nicolas Jackson as a possible acquisition. The Senegalese striker carries a valuation of £60 million ($80.8 million). (Source: TEAMtalk)

In addition to Jackson, Mikel Arteta's Arsenal wishlist includes Atlético Madrid forward Julián Alvarez. (Source: The Sun)

While discussing Alejandro Garnacho with Chelsea, Manchester United have expressed interest in Blues midfielder Andrey Santos, though he is considered unavailable at any valuation. (Source: Ben Jacobs)

Manchester City have initiated official discussions with Paris Saint-Germain regarding goalkeeper Gianluigi Donnarumma, though his €50 million (£43.3 million, $58.2 million) asking price appears to exceed their budget expectations. (Source: Alfredo Pedullà)

Atalanta striker Ademola Lookman has held conversations with Arsenal, Aston Villa, Chelsea, Manchester City and Tottenham Hotspur over the past two days as he explores new opportunities after Inter talks broke down. (Source: TBR Football)

Borussia Dortmund are pursuing a loan deal for Chelsea defender Aarón Anselmino but can only proceed if they commit to a permanent transfer for Carney Chukwuemeka. Discussions between both clubs are moving positively. (Source: Sky Germany)

Marseille have entered the race alongside Nottingham Forest for Liverpool left-back Kostas Tsimikas. (Source: Daily Mail)

Tottenham are exploring a move for Atlético Madrid forward Alexander Sørloth, who reportedly feels unsettled in Spain and desires a Premier League return. (Source: Fichajes)

However, Spurs will miss out on Xavi Simons from RB Leipzig, as the attacking midfielder has his sights set exclusively on joining Chelsea. (Source: Fabrizio Romano via Simon Phillips)

Newcastle United are advancing their pursuit of Wolverhampton Wanderers striker Jørgen Strand Larsen, priced above £60 million ($80.8 million), though Wolves will only sanction his departure after securing two replacement signings. (Source: Express & Star)

West Ham United are targeting Roma midfielder Lorenzo Pellegrini, who enters his contract's final year. Roma seek €10 million (£8.7 million, $11.7 million), while the Hammers hope to negotiate a fee around half that amount. (Source: Corriere dello Sport)

Bournemouth have initiated discussions with Chelsea regarding centre-back Axel Disasi, who was loaned to Aston Villa last season. (Source: Sacha Tavolieri)

La Liga

Marc Casadó is willing to depart Barcelona this summer should the club explicitly communicate that he no longer features in their plans and that his transfer would significantly benefit the club's future. (Source: El Nacional)

Real Madrid are contemplating a major player exchange that would see Vinicius Junior move to Manchester City in return for Erling Haaland during the 2026 summer window. (Source: Fichajes)

Saudi Arabian club Al Ittihad, featuring Karim Benzema among their star players, are pursuing Real Madrid midfielder Dani Ceballos. The Spanish player shows strong resistance to leaving the Santiago Bernabéu. (Source: SPORT)

Barcelona plan to cancel the contract of former Chelsea and Southampton midfielder Oriol Romeu. (Source: Mundo Deportivo)

Real Madrid representatives attempted to arrange an intricate transfer involving Liverpool centre-back Ibrahima Konaté when the Reds showed interest in Real Sociedad winger Takefusa Kubo earlier this summer. Madrid possess a 50% sell-on clause for Kubo, potentially worth approximately €30 million (£26 million, $35 million), and proposed allowing Liverpool to retain those funds in exchange for Konaté's services. Liverpool declined the proposal. (Source: Defensa Central)

Barcelona sporting director Deco recently held discussions with representatives of long-standing targets Caio Henrique and Vanderson from Monaco, but the Catalan club currently lacks the financial resources to secure either full-back. (Source: SPORT)