Each day we'll bring you the very latest tabloid rumors as the biggest clubs around splash the cash to bolster their rosters. True or not, they're always entertaining...
Manchester United boss David Moyes is aiming to do £77m of transfer business this weekend with Athletic Bilbao playmaker Ander Herrera, Roma's Daniele De Rossi plus Everton pair Leighton Baines and Marouane Fellaini in his sights.
Manchester City has been given the green light by Atletico Madrid to sign 32-year-old defender Martin Demichelis for £3.5m.
West Brom wants to sign Chelsea winger Victor Moses on loan but face competition from Southampton.
Sunderland boss Paolo Di Canio will make Swansea City midfielder Ki Sung-Yueng his 12th signing of the summer.
Former England left-back Nicky Shorey will sign for League One side Bristol City on a short-term deal.
Arsenal boss Arsene Wenger has made a desperate last-ditch move to sign German wonder-kid Julian Draxler from Schalke who is rated at £60m.
Chairman Daniel Levy has claimed a transfer-market triumph for Spurs by leaving Arsenal with a race against time to sign Real Madrid's cast-offs.
Manchester United is ready to pay £30m for land Spanish playmaker Ander Herrera from Athletic Bilbao after failing with a £25m offer.
Liverpool has landed defender Tiago Ilori from Sporting Lisbon for £8m, after beating off interest from Monaco and Valencia.
Chelsea is ready to loan striker Demba Ba back to Newcastle - but want a fee of £3m for one season.
Everton boss Roberto Martinez is considering a late move for Gil Vicente midfielder Diogo Viana but are not willing to meet the £2.1m asking price.
West Brom is set to snap up Marseille midfielder Morgan Amalfitano on loan and hope to sell striker Peter Odemwingie to Swansea.
Crystal Palace has offered around £2m for Huddersfield Town right-back Jack Hunt.
Middlesbrough hopes to sign Aston Villa midfielder Stephen Ireland and Norwich City defender Daniel Ayala.
Manchester United suffered further embarrassment as they failed in bids for two more players - Athletic Bilbao playmaker Ander Herrera and Roma's Daniele De Rossi.
Liverpool are set to win the £5m battle to borrow Chelsea winger Victor Moses on a season-long loan deal.
Real Madrid insist they have persuaded Tottenham to sell Gareth Bale for £78m - £2m less than the world record fee they paid for Cristiano Ronaldo.
Arsene Wenger has upped the ante before tomorrow's north London derby by claiming Spurs risk wrecking the balance of their squad by signing so many players and suggesting they will struggle to cope without Bale.
Meanwhile, the Gunners are keen on signing former Chelsea forward Salomon Kalou, 28, from French club Lille.
Manchester United will make an improved bid for Athletic Bilbao midfielder Ander Herrera after a £21m offer was rejected by the Spanish club.
Liverpool is closing on a £25m double deal for PSG defender Mamadou Sakho and Sporting Libon's Tiago Ilori but face strong competition in their bid to sign Chelsea winger Victor Moses on loan.
German side Schalke 04 have made a £5m bid for Tottenham striker Emmanuel Adebayor and are confident they can meet his wage demands.
Manchester City midfielder Gareth Barry is ready to take a pay cut to ensure a season-long loan move to Everton goes through.
West Ham is considering a loan move for former Manchester City striker Felipe Caicedo from Lokomotiv Moscow.
Real Madrid midfielder Kaka wants to leave Spain and has been offered to Premier League clubs including Manchester United and Arsenal.
Fulham is in talks to sign Colombia striker Jhon Cordoba on an initial loan deal from Mexican side Chiapas.
Crystal Palace midfielder Own Garvan is set to join former boss Dougie Freedman at Bolton.
David Moyes has told striker Wayne Rooney to stay at Manchester United and emulate club legend Sir Bobby Charlton.
Manchester United is set to trigger a £31m release clause for Athletic Bilbao's Ander Herrera.
Liverpool is lining up deals for Sporting Lisbon defender Tiago Ilori and 23-year-old Paris Saint-Germain centre-back Mamadou Sakho and also want to sign Chelsea winger Victor Moses on loan and make Aston Villa keeper Shay Given the club's No 2.
Jose Mourinho, the Chelsea manager, has escalated his complaint about those clubs who appear to be ignoring Uefa's new financial fair-play regulations, describing them as "economic sharks".
Manchester United is expected to trigger a £30.7million release clause in Ander Herrera's Athletic Bilbao's contract.
Liverpool attacking midfielder Philippe Coutinho believes England striker and Anfield team-mate Daniel Sturridge would be good enough to play for Brazil.
Manchester United has had a second major transfer bid turned down in the space of two days - this time for the Athletic Bilbao midfielder Ander Herrera.
Andre Villas-Boas has taken Tottenham's summer spend to an incredible £110.5m, after the midfielder Christian Eriksen completed an £11m move from Ajax last night having passed a medical.
David Moyes wants to add three midfielders to Manchester United before the close of the transfer window on Monday and has had bids of £25.6m for Athletic Bilbao's Ander Herrera and £12m for Roma's Daniele De Rossi turned down.
Liverpool manager Brendan Rodgers says Sir Alex Ferguson's absence has made Manchester United a more cautious team.