Real Madrid Set to Cash In on Massive €1 Billion Jackpot as Liverpool Hunt for Salah's Successor
Sports Illustrated compiles the most recent transfer speculation and rumors from across the globe.
Premier League

Liverpool are preparing a €100 million (£88.3 million, $115.5 million) offer for Barcelona winger Raphinha during the upcoming summer window. Atlético Madrid are also keeping tabs on the Brazilian's uncertain circumstances. (Source: Fichajes)
Manchester United have shown increased attention toward Borussia Dortmund striker Serhou Guirassy, who could be secured for €50 million (£44.2 million, $57.8 million) this summer. Arsenal and Paris Saint-Germain are both hovering with serious intentions. (Source: CaughtOffside)
Arsenal's Max Dowman has rejected multiple proposals from undisclosed international clubs to secure a fresh deal in north London. (Source: Nicolò Schira)
Beyond securing their young talent, Arsenal are also pursuing former Man Utd player and Napoli midfielder Scott McTominay. (Source: TEAMtalk)
Pep Guardiola is urging Manchester City to pursue Real Madrid's Federico Valverde. The Uruguayan midfielder might be included as part of an arrangement to bring Erling Haaland to the Spanish giants. (Source: Fichajes)
Manchester United have been observed monitoring the France U21 pair of Crystal Palace's Jérémy Jacquet and Mohamed Kader Meïté from Rennes. (Source: The Sun)
Jarrod Bowen is seeking an exit from West Ham United in 2026, with a Champions League club believed to be his preferred destination. (Source: Indykalia)
Following their disappointment over losing Rio Ngumoha, Chelsea are planning a move for Liverpool's 15-year-old Joshua Abe. (Source: Daily Mail)
Crystal Palace have been suggested to disrupt Man Utd's pursuit of Sporting CP's Ousmane Diomande as their substitute for Marc Guéhi, who is anticipated to join either Liverpool or Bayern Munich instead of the Red Devils. (Source: A BOLA)
Ibrahima Konaté is conducting private talks with Real Madrid while simultaneously maintaining dialogue with Liverpool about a new deal at Anfield. (Source: Fichajes)
La Liga

While Real Madrid consider the possibility of dramatically altering their ownership structure by opening portions of the club to minority investors. The entities behind Louis Vuitton, Sixth Street and Bernard Arnault, have been suggested to contribute €1 billion ($1.2 billion) for a 10% ownership share, a financial boost that would significantly enhance their transfer capabilities. (Source: Vozpópuli)
Part of that external funding might be utilized to offer Vinicius Junior an improved contract, the likelihood of which increases weekly. (Source: Fichajes)
Robert Lewandowski was instructed to cease scoring during the final stages of his first Barcelona campaign to prevent activating a €2.5 million ($2.9 million) payment owed to Bayern Munich. (Source: Sebastian Staszewski)
Andreas Christensen is reportedly considering an attractive offer to Saudi Arabia next season, though he remains open to hearing Barcelona's proposal for contract renewal first. (Source: SPORT)
PSG have not abandoned their pursuit of Gavi from Barcelona, but Joan Laporta remains firm that his homegrown talent will not depart for anything below his €1 billion ($1.15 billion) release clause. (Source: El Nacional)