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Sports Illustrated compiles the latest transfer rumors and gossip from across the globe.
Premier League
Chelsea could make a surprise last-minute move for Arsenal and Barcelona target Julián Alvarez. Reports have even surfaced suggesting Nicolas Jackson could be part of discussions with Atlético Madrid. (Source: Nicolò Schira)
Arsenal could beat Chelsea to the punch if they are willing to spend $204.7 million (£150 million) for Alvarez, which would eclipse Alexander Isak's Premier League record transfer fee. (Source: talkSPORT)
Despite ongoing interest from Tottenham Hotspur, Manchester City have now joined the pursuit of Liverpool winger Cody Gakpo. (Source: Soccernews)
Newcastle and Manchester City have reached a verbal agreement worth a combined $68.2 million (£50 million) for City's Spanish midfielder Nico González. (Source: Fabrizio Romano)
Al Hilal are reportedly in the advanced stages of talks for Arsenal forward Gabriel Martinelli. The asking price is approximately $70.1 million (£51.4 million, €60 million), with Martinelli set to pocket $14 million (£10.3 million, €12 million) annually in wages. (Source: Sacha Tavolieri)
Following unsuccessful talks with Leeds United, Chelsea have abandoned any plans to send Mykhailo Mudryk to Yorkshire. Brentford, however, remain interested in the winger, who also has admirers on the continent. (Source: talkSPORT)
Liverpool are still looking to add two or three players before Deadline Day, with moves for both Yankuba Minteh and Bradley Barcola from Brighton and Paris Saint-Germain respectively still on the table. (Source: Florian Plettenberg)
Chelsea have had three separate offers for Bournemouth star Alex Scott rejected, with the most recent bid reaching $92.8 million (£68 million). (Source: The i)
Newcastle have submitted a substantial offer of approximately $46.7 million (£34.2 million, €40 million) for Lille forward Matias Fernandez-Pardo. (Source: L'Équipe)
West Ham United have agreed a deal for the permanent signing of Arsenal academy product Reiss Nelson. (Source: James Hokery)
Everton are willing to listen to offers for defender Jake O'Brien. Crystal Palace's Daniel Muñoz and Fulham's Timothy Castagne have been mentioned as possible replacements. (Source: The Athletic)
An enhanced offer for Taylor Harwood-Bellis from Aston Villa has been turned down, with Southampton holding firm at $40.9 million (£30 million) for the England international. (Source: talkSPORT)
Serie A side Monza are reportedly considering a surprise contract offer for former Tottenham Hotspur star Dele Alli, who currently remains a free agent. (Source: Fichajes)
La Liga
Real Madrid have moved quickly to initiate contract extension talks with Jude Bellingham amid persistent interest from Manchester City. (Source: El Nacional)
Martín Zubimendi is reportedly receptive to leaving Arsenal, but Real Madrid would need to spend between $128.5–140.2 million (£94.2–102.7 million, €110–120 million) to secure him. Club president Florentino Pérez is reportedly reluctant to engage in negotiations at that price. (Source: Tomás González-Martín)
In a surprising development, Manchester City have emerged as serious contenders for Barcelona midfielder Frenkie de Jong as they look to fill the void left by the departing Rodri. (Source: El Chiringuito)
Alejandro Balde is reportedly questioning his future at Barcelona for the first time in his career. Manchester United could look to capitalize on that uncertainty, having kept tabs on the pacey fullback. (Source: Cope)
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Should Balde or Jules Koundé depart, Hansi Flick has identified RB Leipzig's Castello Lukeba as his preferred replacement, with a fee of around $58.4 million (€50 million) believed to be sufficient to get the deal done. (Source: Fichajes)
If Barcelona fail to land Julián Alvarez, as now seems probable, their top alternative striking target is reportedly Arsenal's Viktor Gyökeres. (Source: El Nacional)
To the frustration of long-time admirers Barcelona, Harry Kane is currently engaged in contract renewal discussions with Bayern Munich. (Source: Fichajes)