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Sports Illustrated compiles the latest transfer rumors and gossip from across the globe.
Premier League
Manchester United have made preliminary inquiries regarding AC Milan winger Rafael Leão, who carries a price tag of €50 million (£43.3 million, $58.4 million). The Rossoneri are prepared to let the Portugal international go if a suitable offer arrives. (Source: Calciomercato)
Liverpool have identified Athletic Club forward Nico Williams as their primary target heading into the summer. A transfer fee in the region of €80 million (£69.3 million, $93.4 million) is reportedly being considered to bring the Spanish winger to Anfield. (Source: Fichajes)
Arsenal are planning a busy summer in the transfer market, with Atlético Madrid forward Julián Alvarez leading their list of attacking targets. The Gunners would need to spend a club-record £130 million ($182 million) to lure him away from Spain. (Source: Sky Sports)
Everton have no plans to activate the £50 million ($67.4 million) purchase option for Manchester City loanee Jack Grealish, though they are still hopeful of keeping the forward next season, whether on another loan deal or at a reduced fee. (Source: TEAMtalk)
The Toffees are also eyeing Man City defender John Stones, though they face competition from other Premier League sides, as well as Monaco, Marseille and Inter Milan. (Source: TEAMtalk)
Ajax winger Mika Godts has emerged as a serious target for Man Utd, with the club pushing hard to secure his signing once the transfer window opens, which could disappoint rival suitors Newcastle United. (Source: Football Insider)
Aston Villa have joined the pursuit of Monaco midfielder Maghnes Akliouche and are set to intensify their interest should they secure Champions League qualification. Chelsea, Liverpool, Man Utd, Newcastle and Tottenham Hotspur are also monitoring the 24-year-old. (Source: TEAMtalk)
Tottenham are in talks over a permanent deal for Bayern Munich loanee João Palhinha, despite his inconsistent displays this season. However, no final decision is expected until the end of the campaign. (Source: Football Insider)
Should Ipswich Town secure promotion to the Premier League, Chelsea striker Liam Delap is expected to depart Stamford Bridge this summer and head back to his former club. (Source: SportsBoom)
Man Utd have no intention of entertaining bids for centre back Lisandro Martínez. The club plans to activate the option to extend the Argentine's contract at Old Trafford beyond its current June 2027 expiry date. (Source: Football Insider)
La Liga
If José Mourinho were to make a return to the Bernabéu, the Portuguese tactician has reportedly pinpointed Paris Saint-Germain midfielder Vitinha as his number one transfer target. (Source: Fichajes)
Chelsea fullback Marc Cucurella is reportedly open to a move to Barcelona as a way out of the turmoil at Stamford Bridge, though the Catalan club have opted against pursuing the Spaniard, who would command a significantly higher fee than a permanent deal for João Cancelo. (Source: Mundo Deportivo)
Real Madrid left back Álvaro Carreras has attracted interest from Arsenal, who are making strengthening their fullback options a key priority this summer. The Spaniard's place at the Bernabéu looks uncertain following Ferland Mendy's resurgence in form. (Source: CaughtOffside)
Despite reported interest from Arsenal and Paris Saint-Germain, Atlético Madrid forward Julián Alvarez is said to favour a move to Barcelona above all else. For the time being, however, the Argentine remains focused on a strong finish to the season before heading to the 2026 World Cup. (Source: Sky Sports)
Atlético Madrid are reportedly readying a €60 million (£52 million, $58.4 million) bid for Marseille forward Mason Greenwood, who is keen to join a club competing in the Champions League next season. (Source: Fichajes)
Juventus have set their sights on Barcelona striker Robert Lewandowski, but the Italian club are prioritising the renewal of Dušan Vlahović's contract before making any moves. (Source: Gazzetta dello Sport)