Carlo Ancelotti wants to be reunited with Ashley Cole and is looking to take the Chelsea defender to Paris Saint-Germain.
Arsenal are considering Celtic’s Victor Wanyama, 21, as a replacement for Alex Song, if Barcelona make a substantial bid for the 24-year-old.
Juventus have set Robin van Persie a deadline to make his mind up over a move to Italy, with the striker, 29, still looking to leave Arsenal.
Real Madrid are preparing a £19.7m bid for Manchester United winger Nani, 25.
Santi Cazorla, 27, has undergone his medical at Arsenal and the club are poised to announce his £16m signing from Malaga.
Manchester City are showing interest in 22-year-old Marseille defender Nicolas N’Koulou.