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Sports Illustrated brings you the latest transfer news and rumors from across the globe.
Premier League
Manchester United are gearing up to submit a formal offer for West Ham United's Mateus Fernandes and are optimistic about sealing the deal quickly, even though they expect their initial bid to be turned down. West Ham are reportedly valuing the midfielder at $107 million (£80 million). (Source: TEAMtalk)
Helping finance the move is the potential sale of Marcus Rashford. Bayern Munich are readying an initial offer of around $29 million (€25 million, £21.5 million) for the winger, whose prospects of remaining at Barcelona appear increasingly unlikely. (Source: TEAMtalk)
Arsenal's top priority this summer is securing a left winger to strengthen their frontline, with Club Brugge's Christos Tzolis emerging as their primary target. The Gunners are looking at a deal worth approximately $46.3 million (€40 million, £34.5 million). (Source: The Athletic)
The defending English champions also retain their interest in Aston Villa's Morgan Rogers, and will continue their pursuit of the player regardless of whether the Tzolis deal materializes. (Source: The Athletic)
Chelsea are standing firm on their $160.9 million (£120 million) valuation of midfielder Enzo Fernández. The club is banking on the hefty price tag to deter Enzo Maresca from targeting his former player once he assumes charge at Manchester City. (Source: Football Insider)
Manchester City midfielder Rodri looks set to stay at the Etihad next season rather than make a high-profile switch to Real Madrid. The 2024 Ballon d'Or winner now faces a choice between signing a new deal with City or departing on a free transfer next summer. (Source: Fabrizio Romano)
Liverpool are at the front of the queue for TSG Hoffenheim winger Bazoumana Touré. The Reds have already opened talks with the German club and see the youngster as a promising long-term addition to reinvigorate their struggling attack. (Source: TEAMtalk)
United, Newcastle United, Aston Villa, Brighton & Hove Albion and Brentford are all still in the running, alongside earlier admirers Bayern Munich and Arsenal. (Source: TEAMtalk)
Arsenal winger Leandro Trossard is in advanced discussions with Besiktas. The player is close to agreeing personal terms, with negotiations between the two clubs expected to follow. (Source: CaughtOffside)
Tottenham Hotspur are on the verge of securing a four-year contract for right back Pedro Porro. Despite interest from rival clubs, the Spaniard is keen to pledge his future to Spurs. (Source: Sky Sports)
La Liga
Real Madrid winger Vinicius Junior is digging in his heels over his contract renewal. The Brazilian is refusing to back down from his wage demands, which would see him become the club's highest-paid player, surpassing Kylian Mbappé. Real Madrid are reluctant to upset their wage hierarchy, however, creating a deadlock that could ultimately force the No. 7 out of the club. (Source: Fichajes)
Barcelona striker Robert Lewandowski is heading to the United States with his agent to weigh up a potential move to MLS side Chicago Fire. The Polish forward has been presented with a two or three-year contract offer, with the final call entirely in his hands. (Source: Fabrizio Romano)
Atlético Madrid have pinpointed Borussia Dortmund striker Serhou Guirassy as their primary transfer target to reinforce their attack, particularly if they end up losing Julián Alvarez. (Source: Fichajes)
New Real Madrid manager José Mourinho had hoped to sign West Ham's Fernandes, but the improbability of that move has shifted his attention toward Sporting CP midfielder Morten Hjulmand. The Dane is believed to have a release clause of $92.6 million (€80 million), making him a costly acquisition. (Source: DefensaCentral)
Complicating matters further is Atlético Madrid's pursuit of Hjulmand. The club is intensifying its efforts and has already tabled a $46.3 million (€40 million) bid for the 26-year-old. (Source: DefensaCentral)
Barcelona are set to offer striker Ferran Torres a new contract extension. The club is fast-tracking the process in the wake of the departures of Lewandowski and Rashford. (Source: Mundo Deportivo)