We'll be keeping you as up-to-date as possible on the latest transfer talk in On The Move. You can catch the morning newspaper gossip in Paper Round, read up on all the Latest Transfers and then follow the developing stories in our constantly updated transfer blog here:

15.58 Real Madrid coach Manuel Pellegrini has not given up hope of signing Liverpool midfielder Xabi Alonso. "It's not a mystery that Real Madrid are interested in signing him (Alonso) but it won't be easy," he said.

14.25 Sunderland have increased their offer for Wigan Athletic midfielder Lee Cattermole to £6m.

13.05 Liverpool boss Rafael Benitez has admitted he considered signing striker Michael Owen from Newcastle United this summer but concluded: "If you want to play Torres and Gerrard there's not always a lot of space for others."

12.28 Sunderland are ready to make a move for Arsenal defender Philippe Senderos, according to reports in the UK press.

11.59 Celtic chief executive Peter Lawwell has warned potential suitors that Artur Boruc is not for sale.

11.00 Inter Milan striker Zlatan Ibrahimovic has claimed Chelsea want to sign him. Ibrahimovic said: "I am fully aware that Chelsea want to sign me and, of course, it is very flattering. They are one of the biggest teams in Europe and the Premier League is one of the best leagues in the world."

10.29 Rafa Benitez has rejected a £65m offer from Real Madrid for Liverpool striker Fernando Torres.

09.45 Bolton Wanderer's have completed a deal to sign West Bromwich Albion defender Paul Robinson on a season-long loan with a view to a permanent transfer.

09.00 Olympique Lyon have signed Argentina striker Lisandro Lopez from Porto on a five-year contract, in a deal worth €24m.