Transfer news - latest update 07:00 BST
Wayne Rooney could be part of the bargaining tool to get striker Romelu Lukaku, 24, to Old Trafford, with United willing to pay a chunk of Rooney's wages to seal the deal. (ESPN)
The Red Devils have also made a £66m bid to sign Real Madrid striker Alvaro Morata, 24.(Marca - in Spanish)
Paris St-Germain are ready to make a £70m move for Liverpool midfielder Philippe Coutinho, 25, who scored 13 goals in the Premier League last season.(Le10 Sport via Daily Express)
Atletico Madrid are preparing to make a first formal bid of £22m to re-sign striker Diego Costa, 28, from Chelsea. (Guardian)
Blues midfielder Nathaniel Chalobah, 22, is in talks about a £5m move to Watford, where he spent the 2012-13 season on loan.(Daily Mirror)
Brighton have their sights on Chelsea attacker Izzy Brown. The 20-year-old, who helped Huddersfield to promotion last year, is also attracting interest from Southampton. (Argus)
New Hull City boss Leonid Slutsky says he intends to make the most of his close relationship with Chelsea owner Roman Abramovich as he looks to take the Tigers back to the Premier League. The Russian says he is in talks about a number of possible loan moves for players from Stamford Bridge. (Daily Star)
Former Liverpool manager Gerard Houllier says Arsenal may have found their 'new Ian Wright' in club record signing Alexandre Lacazette, 26. (TalkSport)
Gunners forward Alexis Sanchez, 28, is demanding £400,000 a week in wages to stay at the club, an increase of £125,000 a week on his current deal. (Daily Mirror)
Bookies have slashed the odds on Riyad Mahrez heading to Arsenal from Leicester City. The 26-year-old forward, who has been on Arsene Wenger's radar for some time, could become the Gunners' third big summer signing. (Leicester Mercury)
West Ham are emerging as the frontrunners to sign Burnley striker Andre Gray, 26, for £15m. The player has one year left on his contract at Turf Moor and rejected the offer of a new deal. (London Evening Standard)
Premier League newcomers Huddersfield are close to signing defender Mathias Jorgensen, 27, from FC Copenhagen for around £3.5m. (Sun)
Newcastle United are still interested in trying to broker a loan deal for Liverpool winger Sheyi Ojo, despite the Reds planning to take a look at the 20-year-old in pre-season. (Newcastle Chronicle)
Burnley have had a £3m bid accepted by Stoke for 33-year-old striker Jon Walters. (Sky Sports)
Championship side Birmingham are considering a loan move for Southampton striker Sam Gallagher, 21, who scored 12 goals on loan at Blackburn last season. (Birmingham Mail)
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Meanwhile...
Manchester United forward Jesse Lingard surprised a group of young local fans by turning up in their neighbourhood unannounced and having a kickabout with them. (Daily Mirror)
Turkish side Galatasaray have rejected the chance to sign former Newcastle midfielder Vurnon Anita, 28, because he is too small. (Fotospor via Chronicle)
Aston Villa winger Andre Green has posted a video on Twitter of new signing John Terry singing 'Stand By Me' in front of the squad. (Twitter)
The best of Wednesday's transfer news
Manchester United captain Wayne Rooney, 31, has been withdrawn from the club's tour of the United States and will complete a free transfer by the end of the week back to Everton, who are also looking to sign Arsenal striker Olivier Giroud, 30, for £20m. (Sun)
Roma defender Antonio Rudiger, 24, arrived in London to complete a £36m move to Premier League champions Chelsea. (Daily Mirror)
Leicester boss Craig Shakespeare has made a £20m bid for Watford striker Troy Deeney, 29. (Daily Mirror)