Sports Illustrated brings together the latest transfer rumors and gossip from across the globe.
Premier League

In a somewhat anticipated development, Chelsea are reportedly keeping a close eye on Manchester United's 15-year-old prodigy JJ Gabriel. Preliminary discussions over personal terms are already underway at Old Trafford in a bid to ward off competition from the Blues, along with Barcelona, Real Madrid, Bayern Munich and Borussia Dortmund. (Source: TEAMtalk)
Manchester City and Saudi Pro League outfit Al Qadsiah have reached a $70.4 million (£52.1 million, €61 million) agreement for Tijjani Reijnders, though the player himself has yet to approve any such transfer. Nottingham Forest's reported interest is unlikely to result in a competing bid. (Source: Fabrizio Romano)
Chelsea may be open to reducing their steep $101.3 million (£75 million) valuation of Malo Gusto if Liverpool solidify their growing interest in the French fullback. (Source: Si Phillips)
A deal has been reached between Arsenal and Liverpool's 16-year-old talent Vincent Joseph, dealing a significant blow to the Merseyside club. The Reds have yet to agree on a transfer fee, which may ultimately be determined by a tribunal due to Joseph's age. (Source: The Athletic)
Should Enzo Fernández be poached by Manchester City, Chelsea would be willing to enter the race alongside Liverpool for Crystal Palace midfielder Adam Wharton. Bournemouth's Alex Scott is also considered a strong candidate. (Source: TEAMtalk)
Talks between Arsenal and Napoli have commenced over a potential summer departure for Gabriel Jesus from the Emirates. (Source: Fabrizio Romano)
Following Chelsea's firm stance that Enzo Fernández will not come cheap at $162.1 million (£120 million, €140.5 million), Manchester City have countered with an offer of $138.4 million (£102.5 million, €120 million). Whether that figure will be enough to sway the Blues remains to be seen. (Source: César Luis Merlo)
Following talks with Diego Simeone, Julián Alvarez has been informed that a transfer to Barcelona will not be permitted. Any club outside of Spain, however, remains a realistic destination for the Atlético Madrid forward, which has led Arsenal to emerge as "favorites" in the race for the World Cup winner. (Source: El Nacional)
As Aston Villa look to build on their Champions League qualification from last season, Unai Emery's squad have set their sights on Bayern Munich's João Palhinha and West Ham United fullback Aaron Wan-Bissaka. (Source: The Times)
Tottenham Hotspur have submitted a $94.5 million (£70 million) offer for Manchester City attacker and long-standing target Savinho. (Source: Indykaila)
Mikel Arteta is reportedly weighing up the possibility of parting ways with backup goalkeeper Kepa Arrizabalaga following a largely disappointing debut season in north London. With Illan Meslier already brought in as a potential understudy to David Raya, the door may be open for the Spaniard's departure. (Source: The Telegraph)
Club Brugge forward Nicolò Tresoldi has emerged as a transfer target for Manchester United this summer. Premier League counterparts Chelsea and Tottenham have also been linked. (Source: CaughtOffside)
Ipswich Town's $23.1 million (£17.1 million, €20 million) approach for Exequiel Palacios has been flatly turned down by Bayer Leverkusen. While the player is reportedly keen on a Premier League switch, a significantly higher offer will be required. (Source: Florian Plettenberg)
La Liga

Lamine Yamal is reportedly unhappy with the idea of Barcelona failing to sign a new striker this summer, and has firmly dismissed any notion of the teenage winger being deployed through the center. (Source: El Nacional)
Despite missing out on Rodri, Real Madrid are set to hold off on signing another midfielder this summer unless a current squad member departs. (Source: The Athletic)
Eduardo Camavinga, however, could change Madrid's plans, as Michael Carrick has identified the French midfielder as a top priority for Manchester United, with initial contact already established. (Source: El Nacional)
Barcelona are open to entertaining a tempting offer for Jules Koundé, whose position at the club has been thrown into doubt by Hansi Flick's apparent preference for Eric García. Whether the French international would welcome reported interest from Arsenal, Liverpool or Manchester City is yet to be determined. (Source: Mundo Deportivo)
If Koundé were to depart, Barcelona would be keen to bring in Tottenham fullback Pedro Porro as a replacement this summer. (Source: Jijantes)
Real Madrid are reportedly eyeing a surprise swoop for newly crowned world champion and former Barcelona target Aymeric Laporte. (Source: DefensaCentral)
Atlético Madrid have reached a $23.1 million (£17.1 million) agreement with Aston Villa for the sale of fullback Matteo Ruggeri. (Source: The Times)
One unexpected side effect of Rodri's potential move to Barcelona could be the forced departure of academy product Tommy Marqués, who is reportedly attracting attention from Manchester City. (Source: El Nacional)
Rest of the World

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Galatasaray have categorically ruled out any discussions regarding the sale of Victor Osimhen, even after Al Hilal tabled a verbal proposal worth $149.9 million (£111 million, €130 million). (Source: Florian Plettenberg)
Parma goalkeeper Zion Suzuki is edging closer to a $40.4 million (£29.9 million, €35 million) transfer to Paris Saint-Germain. The American-born Japan international has, however, already agreed to an immediate loan spell at Juventus for the 2026–27 campaign. (Source: Gazzetta dello Sport)
England international and former Chelsea centre-back Fikayo Tomori has been unexpectedly made available for transfer by incoming AC Milan manager Ruben Amorim. (Source: Fabrizio Romano)
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