Manchester United are hoping to derail Arsenal's bid to sign Nuri Sahin, 23, from Real Madrid on loan by making an offer to buy him outright.
Meanwhile, the Reds have agreed a £30m deal for Brazil's Lucas Moura, 19, and are looking to press ahead with their move for Robin van Persie.
Arsenal are hopeful Van Persie will stay at the club after the Dutchman was impressed by efforts to improve the squad.
Aston Villa's new signing Ron Vlaar has urged Dutch team-mate Van Persie not to join Juventus as it was the Arsenal striker who persuaded him to move to England.
Santi Cazorla has met his new Arsenal team-mates after the 27-year-old midfielder passed a medical and finalised a £20m move from Malaga.
Manchester City are considering making a move for 23-year-old Swansea City and Team GB winger Scott Sinclair.
Meanwhile, Manchester City's Nigel de Jong, 27, is being tracked by Arsenal and Inter Milan as both clubs look to bolster their midfield.
Tottenham are losing patience with Emmanuel Adebayor and are switching their interest to Brazilian striker Leandro Damiao, 23.
Brendan Rodgers wants to bring Swansea defender Ashley Williams, 28, to Liverpool as a replacement for Manchester City target Daniel Agger.
Swedish international Rasmus Elm, 24, has revealed that Liverpool were chasing his signature this summer before he moved to CSKA Moscow.
West Ham lead the race for 24-year-old Evian ace Yannick Sagbo. The striker has also had approaches from Fulham, Wolfsburg and Marseille.
Liverpool have made a £12.5m offer for 21-year-old Bologna winger Gaston Ramirez.
Rangers manager Ally McCoist plans to sign three strikers - former Hearts men Kevin Kyle and Craig Beattie, plus out-of-contract St Johnstone forward Francisco Sandaza.
Ashley Cole wants to be paid £200,000 a week at Chelsea, with Real Madrid and Paris St Germain monitoring the 31-year-old England defender's situation.
Randy Lerner may listen to offers for Aston Villa following the $1bn sale of his American football team, the Cleveland Browns.
Lee Wallace's decision to stay at Rangers will likely cost him his Scotland place, with coach Craig Levein poised to recall Southampton left-back Danny Fox for next week's friendly against Australia.
Twice-bankrupt Jim Park - a friend of shamed Rangers owner Craig Whyte - has been hired as a consultant by Rangers' new owners to find investors in the new club.
Kilmarnock manager Kenny Shiels says there must be a second tier of the Scottish Premier League established next season, with Rangers playing in it as the Ibrox club should be competing against "professional people" and not "part-timers such as Albion Rovers and Stranraer".
Celtic goalkeeper Fraser Forster has likened HJK Helsinki's artificial surface, where the Scottish champions will perform on Wednesday, to playing in a car park.