BREAKING: Real Madrid Hit with Stunning €350M Mbappe Offer as Isak Sets Bold Liverpool Terms

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

Rasmus Højlund has rejected overtures from AC Milan, according to La Gazzetta dello Sport. Milan executives intend to spend another week attempting to persuade the Manchester United forward before pursuing alternative options.
Additionally, Man Utd are reportedly among the clubs that have held discussions with former Everton forward Dominic Calvert-Lewin, talkSPORT reports. The unattached striker, who has dismissed his representative, has also engaged in talks with Leeds United and Newcastle United.
Alexander Isak has reportedly made it known he would only contemplate a return to Newcastle United if Liverpool confirms that a summer move is impossible, GIVEMESPORT suggests. Liverpool are awaiting Newcastle's signal of readiness to negotiate before submitting another offer.
Liverpool have reportedly been deterred by Crystal Palace's valuation of center back Marc Guéhi and are now preparing an approach for Barcelona's Ronald Araujo, according to Fichajes. A proposal worth €60 million (£52 million, $69.9 million) is expected to be made shortly.
Manchester City are planning to compete with Chelsea for RB Leipzig midfielder Xavi Simons, Sacha Tavolieri reports. Simons continues to show interest in joining Stamford Bridge.
Fenerbahçe have made an offer for Arsenal defender Oleksandr Zinchenko, Sercan Hamzaoğlu reports. A valuation of €15 million (£13 million, $17.5 million) has been established.
Tottenham Hotspur have pinpointed Crystal Palace midfielder Eberechi Eze as a key target, Sébastien Vidal indicates. Arsenal are also prepared to act swiftly in attempting to secure an agreement.
Negotiations are underway between West Ham United and Lille regarding 20-year-old midfielder Ngal'ayel Mukau, Sky Sports Switzerland states. A transfer could be completed for approximately €20 million (£17.3 million, $23.3 million).
La Liga

A Saudi Arabian club has reportedly expressed readiness to offer €350 million ($407.7 million) for Real Madrid striker Kylian Mbappé following their failure to secure teammate Vinicius Junior, Defensa Central reports. Madrid president Florentino Pérez has categorically dismissed the offer and maintains the Frenchman is not available for transfer.
Robert Lewandowski has reportedly considered leaving Barcelona after receiving his own proposal from Saudi Arabia, El Nacional suggests. The experienced striker has been presented with a two-year deal valued at €100 million ($116.5 million).
Remaining with Saudi Arabia, Barcelona's Ferran Torres has turned down a "substantial" offer from the Middle East, Santi Ovalle reports.
Real Madrid have reportedly received an offer of €40 million (£34.7 million, $46.6 million) from Newcastle for Brahim Díaz, E-Notícies claims. Meanwhile, Madrid-Barcelona.com mentions interest from Tottenham, though Brahim is committed to remaining at the Santiago Bernabéu.
Como have submitted an official proposal to acquire Barcelona goalkeeper Iñaki Peña, Football Italia reports. While other clubs are also pursuing his services, Como have made him their top priority for the goalkeeper position.