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:
11.59pm: Last one for the night. John Terry is set to be offered Â£1m a month by Man City as they launch a last bid for the Chelsea skipper. Will he go for the money? More on this tomorrow no doubt...
11.26pm: Reported Arsenal target Serdar Tasci could be close to signing a new deal with Stuttgart.
11.00pm: Sporting Lisbon have expressed an interest in Manchester City striker Felipe Caicedo.
10.36pm: Argentinos Juniors have confirmed the sale of Gabriel Penalba to Estudiantes de La Plata.
10.08pm: Wolfsburg star Edin Dzeko's agent says he will discuss a move away from the club, but it will mostly depend on coach Armin Veh and whether or not they sign Nilmar.
9.27pm: An agreement for Samuel Eto'o appears to be on the horizon as the Barcelona man's agent, Josep Mesalles said: "Eto'o wants to move to Inter and he'd be happy to join the club. We've made some great steps forward since yesterday. We're not there yet, but we I think we can complete the deal on Thursday."
8.44pm: Eredivisie champions AZ have completed the transfer of Morten Nielsen from Chelsea on a free transfer.
8.24pm: Tony Hibbert insists he is happy for Everton to bring in another right-back this summer. And after his FA Cup final nightmare, that could be a distinct possibility.
8.03pm: Croatian forward Ivan Klasnic could be heading for the Bundesliga this summer. Borussia Dortmund are reportedly interested in signing him.
7.23pm: We all remember the scenes when Darius Vassell was ABOUT to sign for Turkish club Ankaragucu. Well, now he's put pen to paper on a two-year deal expect all hell to break loose!
7.03pm: Trezuguet update. AC Milan are considering an audacious bid for the Juventus forward to ease their striker shortage, coach Leonardo has said.
6.32pm: Liverpool defender Jamie Carragher is hoping for a swift resolution to the Xabi Alonso transfer saga, but is keen for the midfielder remain at the club. ''The feeling within the squad, he is a top player and you do not want to lose your top players and hopefully it can be sorted out as quickly as possible,'' he said.
6.07pm: Blackburn midfielder Keith Andrews has committed his long-term future to the club after signing a new four-year contract.
6.03pm: Bordeaux manager Laurent Blanc has warned Marouane Chamakh that he will not be sold to a lesser club. "I can understand Marouane wanting to leave, even him wanting to go at any cost, but he must go to a club which merits him," he said.
5.33pm: Chelsea's John Obi Mikel has signed a new deal with the club for another five-years.
5.13pm: Inter defender Nicolas Burdisso is getting ready to join a "big" Spanish team, according to his agent Fernando Hidalgo.
4.58pm: Luis Fabiano's agent has declared that a possible move to AC Milan is now 'dead'. And we hear they could turn to Nicklas Bendtner instead...
4.22pm: It seems Samuel Eto'o wants a cool 6m euros compensation from Barcelona to join Inter Milan. That is holding up the deal. It's just loose change to us here at Soccernet Towers.
3.56pm: It's all gone a bit quiet this afternoon.
3.10pm: David Trezeguet's agent is refusing to answer any questions about a possible move for the striker from Juventus to AC Milan.
3.06pm: Germany midfielder Tim Borowski has rejoined Werder Bremen from Bayern Munich.
2.52pm: And a few minutes after Everton pull out, Tottenham confirm that have signed both Kyle Naughton and Kyle Walker from Sheffield United for an undisclosed fee.
2.48pm: Eidur Gudjohnsen could be set for a return to the Premier League after admitting he has no idea if he will start the season as a Barcelona player.
2.46pm: Everton have ended their interest in Sheffield United's Kyle Naughton, which means he's off to Tottenham.
2.42pm: Dexter Blackstock has moved from QPR to Nottingham Forest permanently after a successful loan spell last term for an undisclosed fee. Never go back.
2.35pm: Tottenham goalkeeper David Button has joined League Two side Crewe on loan until January.
2.04pm: Sunderland boss Steve Bruce is being linked with Aston Villa's Nigel Reo-Coker in a Â£6m deal.
1.55pm: Everton are said to be interested in Manchester City's Nedum Onuoha. Perhaps he could become part of the proposed deal for Joleon Lescott?
1.25pm: Bolton Wanderers have denied they are about to make a bid for Newcastle's Damien Duff.
12.50pm: Fulham have completed the signing of Norway midfielder Bjorn Helge Riise on a three-year contract. He joins for an undisclosed fee from Lillestrom.
11.56am: West Ham have snapped up Chelsea youngster Frank Nouble after he turned down a new contract with Chelsea. He thinks he has a better chance of first team football at Upton Park.
11.42am: Birmingham boss Alex McLeish has played down speculation that he is to make a bid for Reading's Â£4m-rated winger Stephen Hunt.
11.02am: Portsmouth boss Paul Hart has confirmed that the club have rejected a bid from an un-named club for centre-back Sylvain Distin.
10.54am: Hamburg are closing in on the signing of David Rozehnal from Lazio.
10.33am: Arsenal boss Arsene Wenger has confirmed that Philippe Senderos is likely to leave on a permanent basis this summer.
9.53am: Bordeaux striker Marouane Chamakh may not get his dream move to Arsenal but he could still head to the Premier League. And he says Sunderland have shown interest and talks are at an advanced stage.
9.40am: Colombia international Fredy Montero could be heading for the Premier League. The Deportivo Cali striker claims to have held talks with Roy Hodgson.
8.17am: Didier Drogba has declared captain John Terry is set to turn down Manchester City and stay with Chelsea.
8am: Welcome to today's transfer talk. What excitement lies in wait?