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Sports Illustrated compiles the latest transfer rumors and gossip from across the globe.
Premier League
Al Hilal have successfully agreed personal terms with Chelsea's Pedro Neto and are "confident" of reaching a deal with the Premier League club for a player they value at $69.4 million (£51.3 million, €60 million). Manchester City had also been monitoring the 26-year-old. (Source: Sacha Tavolieri)
Neto's departure is expected to be the first of several Chelsea sales to close out the summer window, which could ultimately generate a total of $347 million (£256.4 million, €300 million). (Source: Football Transfers)
Tottenham Hotspur are ready to compete with Arsenal for Galatasaray striker Victor Osimhen. It will cost approximately $115.7 million (£85.5 million, €100 million) to lure the prolific forward away from Istanbul. (Source: Fichajes)
Tottenham have already made contact with Liverpool over a potential deal for Cody Gakpo, with a switch to Spurs considered a "serious option" for the Dutch international. (Source: Florian Plettenberg)
As a possible replacement for Gakpo, Liverpool are set to submit their opening bid for Paris Saint-Germain forward Ibrahim Mbaye in the near future. (Source: Loïc Tanzi)
Despite heavy speculation linking him with Italian side Como, Liam Delap is keen to remain in the Premier League if he departs Chelsea this summer. (Source: talkSPORT)
Following his father's public dismissal of exit rumors this summer, Alexis Mac Allister is set to begin contract extension talks with Liverpool. (Source: CaughtOffside)
Manchester City's Tijjani Reijnders is expected to complete his €61 million move to Al Qadsiah next week and be ready for the club's second league fixture of the season against Al Ittihad. (Source: Asharq Al Awsat)
Manchester United are ready to challenge Arsenal in the race to sign former Liverpool defender Jarell Quansah this summer. (Source: Football Transfers)
Arsenal have emerged as frontrunners in the race to sign Brighton & Hove Albion midfielder Jack Hinshelwood after making initial contact with the 21-year-old. Manchester City and United have also been linked with the player, who is valued at $69 million (£51 million). (Source: The Sun)
Following PSG's collapsed deal with Parma goalkeeper Zion Suzuki, Aston Villa have entered the picture as a potential destination for the American-born Japan international. (Source: Ben Jacobs)
While interest in Atlético Madrid's Marc Pubill has been noted, Arsenal continue to hold a strong interest in signing Aston Villa's Ezri Konsa. (Source: CaughtOffside)
Chelsea centre back Tosin Adarabioyo has been made available to several Serie A clubs after Xabi Alonso closed the door on his future at Stamford Bridge, though his wage demands could prove a stumbling block in any potential negotiations. (Source: Nicolò Schira)
To the frustration of many supporters, Manchester United are believed to be placing greater priority on signing a new left back rather than adding another midfielder. (Source: Manchester Evening News)
Arsenal and Napoli have reached an agreement for Gabriel Jesus worth approximately $23 million (£17 million), with only personal terms between the club and player still to be finalized. (Source: The Article)
Sunderland are close to officially completing a $34.6 million (£25.6 million) deal for Toulouse left back Dayann Methalie, who would become the club's second most expensive signing in their history. (Source: BBC Sport)
La Liga
José Mourinho's reluctance to use Eduardo Camavinga as a regular starter at Real Madrid has paved the way for Manchester United to pursue the French international. (Source: TuttoMercatoWeb)
Julián Alvarez has not apologized to his Atlético Madrid teammates and remains determined to push through a transfer to Barcelona this summer. (Source: SPORT)
If Barcelona fail to land Alvarez, Milan striker Christopher Nkunku has been identified as Deco's preferred backup option. (Source: El Nacional)
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Raphinha's future at Barcelona remains in doubt after reports emerged that the club entered the summer open to receiving significant offers for the Brazilian winger. (Source: Romain Molina)
Atlético Madrid have entered the race to sign Chelsea striker Nicolas Jackson. The Senegal international, valued at $81.2 million (£60 million, €70.2 million), is also being targeted by Aston Villa and Tottenham. (Source: Fabrice Hawkins)
Several MLS clubs have shown interest in signing Celta Vigo's World Cup winner Borja Iglesias, though no formal offer has materialized as yet. (Source: Fichajes)