Arsenal have held further talks with Lyon about 26-year-old striker Alexandre Lacazette, who would be a club-record £49m signing. (Telegraph)
The Gunners have made a £44m bid for France international Alexandre Lacazette and his arrival could mean compatriot Olivier Giroud, 30, leaving the club. (Guardian)
Paris St-Germain are preparing a bid in excess of £60m for Manchester City striker Sergio Aguero, 29. (Times - subscription required)
Chelsea have agreed a deal in principle with Monaco for 22-year-old midfielder Tiemoue Bakayoko, and hope to complete the £35.1m signing next week. (Evening Standard)
Manchester United are making progress in their pursuit of 24-year-old striker Alvaro Morata but have yet to agree a fee with Real Madrid. (ESPN)
Liverpool will bid for Monaco's 18-year-old striker Kylian Mbappe if they believe the Frenchman would be keen to move to England. (Times - subscription required)
Arsenal manager Arsene Wenger has spoken to Mbappe to discuss a move to the Gunners and the teenager's career plans. (L'Equipe, via Independent)
Real Madrid manager Zinedine Zidane, meanwhile, has told Mbappe he will sell one of his strikers if the France international joins the Spanish club. (L'Equipe - in French, subscription required)
Arsenal are ready to sell Alex Oxlade-Chamberlain to Liverpool, with the 23-year-old midfielder likely to be one of seven players to leave the Gunners this summer. (Independent)
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Watford have refused to meet Arsenal's £15m asking price for left-back Kieran Gibbs, 27, and have instead switched their attentions to Middlesbrough defender George Friend, 29. (Evening Standard)
Newcastle are close to completing an £8.7m deal for Eibar's 26-year-old defender Florian Lejeune.(Evening Chronicle)
Bayern Munich want to sign Atletico Madrid's 23-year-old Belgium winger Yannick Carrasco, who is valued at 50m euros (£43m).(AS)
Manchester United striker Wayne Rooney, 31, is struggling to find a new club, with suitors unwilling to meet his transfer fee or salary demands. (Mirror)
Stoke City have warned Arsenal not to pursue 24-year-old goalkeeper Jack Butland.(Stoke Sentinel)
Manchester City will insist on a buy-back clause in any deal for 20-year-old striker Kelechi Iheanacho, who is a target for West Ham and Leicester City.(Telegraph)
Manchester United are interested in Barcelona's 28-year-old left-back Jordi Alba, but a deal will be difficult to complete this summer. (ESPN)
Everton's 23-year-old winger Gerard Deulofeu is a target for Italian side Roma. (Romanews, via Liverpool Echo)
Huddersfield are prepared to offer a club-record £11.5m for Montpellier striker Steve Mounie, 22.(Mirror)
Galatasaray have made a bid for Chelsea midfielder Mario Pasalic. The 22-year-old moved to Stamford Bridge in 2014 from Croatian side Hajduk Split but has never made a first-team appearance. (Milliyet, via Express)
Barcelona hope they can strike a deal to sign forward Ousmane Dembele, 20, from Borussia Dortmund in next summer's transfer window as a move this year looks unlikely. (Mundo Deportivo, via Metro)
Brighton are the first team to move for Middlesbrough midfielder Stewart Downing, 32, who has been told by Garry Monk he can leave the Riverside. (Sun)
Talks over a new deal between Chelsea and keeper Thibaut Courtois have been put on hold with the 25-year-old Belgium player wanting to double his £90,000-a-week wages. (Daily Mail)
Meanwhile...
West Ham's Michail Antonio had to book an extra seat on his Las Vegas stag do this month. He was forced to invite a physio along to help him recover from a hamstring problem. (Daily Mail)
Swiss-based analysts have come up with an algorithm to produce estimated player transfer fees. But Swansea City fans won't be happy - Gylfi Sigurdsson is apparently worth less than half of his club's price tag. (Wales Online)
Chelsea will make £2.3m from Mohamed Salah's move to Liverpool through a sell-on clause negotiated with his former club Roma. (Daily Mail)
Manchester United's 16-year-old midfielder Angel Gomes has been training with retired Salford boxer Jamie Moore as he prepares for the new season at Old Trafford. (Manchester Evening News)
French goalkeeper Steve Mandanda is refusing to return to Crystal Palace for pre-season training under new boss Frank de Boer, claiming he has been "disrespected" by the club. (Sun)
The best of Friday's transfer news
Paris St-Germain have offered Monaco a world record £119m for 18-year-old striker Kylian Mbappe. (Mirror)
Arsenal are in danger of breaching Premier League wage control rules if Chile forward Alexis Sanchez, 28, and Germany midfielder Mesut Ozil, 28, sign new contracts.(Daily Mail)
Sunderland's hopes of appointing a new manager have been hampered by ongoing takeover talks, leaving the club 'in limbo'. (Sunderland Echo)
Real Sociedad have agreed a £10m fee with Manchester United for 22-year-old Belgium winger Adnan Januzaj.(Daily Mail)