Tottenham have made an opening approach worth up to £55m for Galatasaray striker Victor Osimhen, but the Turkish champions are holding out for a fee closer to £65m for the 27-year-old Nigeria international.
Bruno Guimaraes is set to undergo a medical at Arsenal, with the Gunners closing in on an £80m deal for the 28-year-old Newcastle United and Brazil midfielder.
Atletico Madrid are weighing up a move for Jack Grealish, with Everton and Aston Villa also interested in the 30-year-old Manchester City and England winger.
Tottenham have held positive discussions with Cody Gakpo, but Liverpool have no intention of allowing the 26-year-old Netherlands forward to leave Anfield.
Newcastle are set to complete the signing of Lukas Hornicek after meeting the Braga goalkeeper's £25.7m release clause. The 24-year-old Czech Republic international has already completed his medical.
Hull City are close to reaching an agreement with Nice for striker Mohamed-Ali Cho, with a deal worth around £17m expected to secure the 22-year-old French forward.
Chelsea have submitted an improved bid for Pep Chavarria after Rayo Vallecano rejected the Blues' opening offer of £12.8m and demanded £21.4m for the 28-year-old Spanish left-back.
Hull City are also closing in on the signing of Lucas Herrington, with the 18-year-old Australia defender set to join from MLS side Colorado Rapids in a deal worth £17m.
Real Madrid youngsters Gonzalo Garcia and Cesar Palacios have undergone medicals with Fulham after the clubs agreed permanent deals for the 22-year-old striker and 21-year-old midfielder.
Hull City are expected to beat Rangers and Cardiff City to the signing of Jens Hjerto-Dahl, with the 20-year-old Norwegian midfielder set to arrive from Tromso.
West Ham United have identified Sunderland striker Wilson Isidor as a transfer target. The 25-year-old Haiti international, valued at £20m, scored six goals in 32 Premier League appearances last season.
Bolton Wanderers and Sheffield United are both interested in signing veteran goalkeeper Asmir Begovic. The 39-year-old Bosnia international is available on a free transfer after leaving Leicester City.
Sheffield United have also submitted an offer for Nicolas Valentini, although the 24-year-old Fiorentina and Argentina defender is also attracting interest from La Liga side Alaves.
Middlesbrough are hoping to complete the signing of Max Arfsten before Friday's Carabao Cup clash with Wrexham. The 25-year-old USA winger is expected on Teesside this week to finalise his move from Columbus Crew.
Sheffield Wednesday are interested in Wrexham midfielder George Dobson, while the Welsh club are closing in on Preston North End captain Ben Whiteman following his reported training-ground altercation at Deepdale.
