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Sports Illustrated compiles the latest transfer rumors and gossip from across the globe.
Premier League
Arsenal's dressing room is reportedly confident that Vinícius Júnior will leave Real Madrid for north London after receiving encouraging news from sporting director Andrea Berta. (Source: Diario AS)
Real Madrid have held firm on their final contract offer for Vinícius Jr, proposing an annual wage of $27.7 million (£20.6 million, €24 million), which falls short of Kylian Mbappé's $34.6 million (£25.7 million, €30 million) even with all bonuses included. In light of this standoff, Arsenal are prepared to table a €120 million package, with €100 million guaranteed. (Source: Cadena SER)
However, for Madrid to consider parting with Vinícius Jr, Arsenal would need to raise their bid to $172.9 million (£128.6 million, €150 million). (Source: ESPN)
Manchester United center back Lisandro Martínez has attracted the attention of Barcelona. The financially constrained Catalan club would need to spend $46.1 million (£34.3 million, €40 million) to land the two-time World Cup finalist. (Source: Fichajes)
Liverpool's $121 million (£90 million, €105 million) offer for Paris Saint-Germain star Bradley Barcola has been promptly turned down. (Source: Indykaila)
While PSG are holding out for $172.9 million (£128.6 million, €150 million) and Liverpool are hesitant to exceed $138.3 million (£102.9 million, €120 million), there is optimism that a middle ground will be found to complete the Barcola deal before the Sept. 1 deadline. (Source: L'Équipe)
Newcastle United are open to selling Nick Woltemade for approximately $74.9 million (£55.7 million, €65 million). Manchester United and Liverpool have been mentioned as suitors, but the keenest interest comes from Aston Villa, Atlético Madrid and Borussia Dortmund. (Source: CaughtOffside)
Atlético Madrid are preparing a $34.6 million (£25.7 million, €30 million) bid for Tottenham skipper Cristian Romero. (Source: MARCA)
PSG have been linked with an interest in Chelsea fullback Malo Gusto as a potential rival to Achraf Hakimi. The Blues are expected to demand $100.9 million (£75 million). (Source: The Sun)
Manchester City are believed to be nearing the completion of a deal for Marseille's Gerónimo Rulli as cover for Gianluigi Donnarumma following the departure of James Trafford. (Source: TEAMtalk)
Tottenham are close to finalizing a loan deal for young talent Mikey Moore to FC Köln. A purchase option is not expected to be part of the arrangement. (Source: Florian Plettenberg)
La Liga
Martín Zubimendi has emerged as Real Madrid's top alternative target should a move for Manchester City's Rodri fail to materialize. The Arsenal midfielder's situation has been unsettled by the imminent arrival of Bruno Guimarães. (Source: Fichajes)
Zubimendi is said to be actively pushing for a transfer, having instructed his representatives to re-engage with both Madrid and Barcelona. (Source: El Nacional)
The race for Zubimendi's signature is not expected to be confined to Spain. Chelsea, guided by his former Real Sociedad B coach Xabi Alonso, have also been mentioned as a potential destination. (Source: Si Phillips)
Real Madrid and RB Leipzig have arrived at a point where the Yan Diomande deal is valued at a guaranteed $144.1 million (€125 million), potentially rising to €140 million with add-ons. (Source: Florian Plettenberg)
Franco Mastantuono's planned loan move to Fiorentina will see the Serie A side cover half of his Real Madrid wages. La Viola will also hold the option to automatically extend his loan until the summer of 2027 should they qualify for the Champions League or Europa League this season. (Source: TuttoMercatoWeb)
Barcelona are "fully confident" that a deal for João Cancelo will be agreed upon, though a transfer fee with Al Hilal has yet to be finalized. (Source: Fabrizio Romano)
While Ferran Torres continues to attract significant interest, Luis Enrique has also requested the signing of his Barcelona teammate Gavi for Paris Saint-Germain. (Source: El Nacional)
Aston Villa and Atlético Madrid have agreed on a package of $20.8 million (£15.4 million, €18 million) plus an additional $6.9 million (£5.1 million, €6 million) in bonuses for Matteo Ruggeri. The remaining obstacle is the player himself, who has yet to approve a move to the Midlands. (Source: MARCA)