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:
5.57pm: Arsene Wenger has not given up hopes of snaffling Bordeaux striker Marouane Chamakh. It comes after the Morocco international said he had just about given up hope of moving to the Emirates.
5.34pm: It seems Franck Ribery won't be heading to Barcelona, with Joan Laporta claiming the deal is "impossible".
5.22pm: Everton are closing in on Sweden international Rasmus Elm as Manchester City target Joleon Lescott stays part of the club on their tour of the USA.
5.16pm: Mark Hughes has expressed his anger at Chelsea for going public with Manchester City's interest in John Terry. He wanted it keeping hush-hush, which is why he never talks about it. Ever,
4.18pm: Norway international Bjorn Helge Riise is undergoing a medical ahead of a proposed move to Fulham. The 26-year-old midfielder currently plays for Lillestrom and is the brother of John Arne.
4.03pm: Barcelona coach Pep Guardiola feels it would be best for the club if Samuel Eto'o leaves the Nou Camp. The striker is due to head to Inter Milan with Zlatan Ibrahimovic moving in the opposite direction.
3.12pm: Cologne coach Zvonimir Soldo was "delighted" to welcome Portugal international Maniche into his squad for next season after the 31-year-old completed his transfer from Atletico Madrid.
3.02pm: Hull boss Phil Brown is planning to meet Fulham striker Bobby Zamora on Tuesday to discuss a potential £5m move to the KC Stadium.
2.19pm: Liverpool manager Rafael Benitez has refused to be drawn on the future of midfielder Xabi Alonso but did rule out any potential move for Spain international David Villa.
2.04pm: Luis Fabiano will not be joining AC Milan unless the Italian giants up their offer, according to the player's agent.
1.36pm: Former Borussia Dortmund and Bayern Munich coach Ottmar Hitzfeld fears it will be another torrid season for Werder Bremen if they do not invest some of the money earned from the sale of Diego in a striker like Claudio Pizarro. Really?
1.26pm: Nottingham Forest have further strengthened their squad by completing the double signing of Chris Gunter and Paul McKenna. Wales international Gunter, who enjoyed a successful loan spell with Forest last season, has joined in a £1.75m move from Tottenham. McKenna joins from Preston in a £750,000 move.
1.05pm: West Brom have rejected a second offer from Fulham of £3.25million for captain Jonathan Greening. How much do they value him at? Madness.
12.38pm: Bordeaux striker Marouane Chamakh has all but given up on signing for Arsenal but is nevertheless hopeful of securing a move to another Premier League side.
11.48am: Middlesbrough have rejected an offer of around £3million for record signing Afonso Alves. Manager Gareth Southgate has confirmed the Teessiders have been contacted by an unnamed club, understood to be from the United Arab Emirates, about the 28-year-old Brazilian.
11.30am: Barcelona president Joan Laporta has defended the club's attempts to sign Zlatan Ibrahimovic and insisted the money involved is not comparable to that splashed out by Real Madrid this summer.
11.20am: Swedish striker Marcus Berg has arrived in Hamburg to complete his move from Dutch side FC Groningen.
9.53am: Juventus are keen to lure Barcelona defender Martin Caceres to Turin on a one-year loan deal.
9.29am: Real Betis forward Ricardo Oliveira has confirmed he is set to move to Al Jazira after the United Arab Emirates side made him an "offer I couldn't refuse".
9am: FC Seoul have agreed terms with Bolton for the sale of 21-year-old winger Lee Chung-yong.
8.50am: Cologne are preparing to make Portugal international Maniche their second big-name transfer this summer and reunite him with his compatriot Petit in Germany.
8.15am: Switzerland's record scorer Alex Frei has completed a move to Basel from Borussia Dortmund.
8.05am: Frank Lampard has added to the uncertainty surrounding the future of John Terry by admitting he is not sure whether his team-mate will remain at Stamford Bridge next season.
8am: Welcome to another day of nail-biting transfer drama.