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:

23.59 That's it for today. Something of a quiet evening, but there's more to come tomorrow.

23.05 Former Arsenal midfielder Edu has returned to Brazil to sign for Corinthians.

22.55 Last night we told you that 16-year-old Esbjerg starlet Nikolaj Kohlert was being linked with Liverpool, and now the player says he's confident of penning a three-year contract

21.46 Chelsea remain confident of making a big signing before the window shuts, says chairman Bruce Buck.

21.15 Talk of Andrea Pirlo joining Atletico Madrid is apparently rubbish.

20.01 Wolfsburg have signed Algeria international midfielder Karim Ziani from Marseille for an undisclosed fee.

19.43 Matthew Lund and Ben Marshall have moved to Stoke City from Crewe's famous Academy.

19.25 Another big money buy in the Championship as Richie Wellens moves from Doncaster Rovers to Leicester City for a fee which could rise to £1.2m.

18.56 Marseille and Atletico Madrid are being linking with Le Mans star Gervinho. Ricky Gervais' nickname?

18.25 Chelsea have confirmed the signing of Yuri Zhirkov from CSKA Moscow on a three-year contract.

18.05 Inter have signed 21-year-old Brazilian Kerlon on a free transfer. But they do not like Chelsea's asking price for Deco and Ricardo Carvalho.

17.26 Birmingham City have completed the signing of striker Christian Benítez for a club-record fee of £7-7m. The Ecuadorian has joined from the Mexican club Santos Laguna.

17.08 Out of favour Manchester City striker Benjani Mwaruwari says he would love to play for Portsmouth again after starting just eight games for the Eastlands club last season.

16.07 Wigan Athletic manager Roberto Martinez has once again raided his former club Swansea City and made a bid for 30-year-old Trinidad and Tobago striker Jason Scotland.

15.30 Despite splurging over €200m in the transfer market and spending money like it is going out of fashion Real Madrid can't afford to buy Xabi Alonso from Liverpool. Los Blancos' general director Jorge Valdano said: "Xabi Alonso is a priority if he fits into our budget, but that does not seem to be the case. We are very far away from the figures that Liverpool have presented."

15.11 Gabriel Obertan's move to Manchester United has moved a step closer to completion. The 20-year-old Bordeaux winger is in Manchester having a medical.

14.53 Manchester United goalkeeper Ben Foster has signed a contract extension that will keep him at Old Trafford until 2013. United manager Sir Alex Ferguson said: "We are delighted that Ben has signed a new four-year deal."

14.27 Those of you who don't like long, drawn out transfer saga's will be pleased to hear that Bayern Munich have set a deadline of July 16 for any deal for Franck Ribery to be completed. Bild claim the Bavarians want all the speculation to end by the time their pre-season training camp in Donaueschingen begins.

13.40 Fiorentina are prepared to trade Brazilian midfielder Felipe Melo in exchange for Arsenal full-back Emmanuel Eboue. "[Arsene] Wenger wants to talk to me,'' said Fiorentina sporting director Pantaleo Corvino. "I have no objection also because Eboue seems a valid swap.''

12.57 AC Milan have signed United States centre-back Oguchi Onyewu in a bid to quell supporter unrest over their transfer policy. The 27-year-old, who impressed at the Confederations Cup, has joined on a free transfer from Standard Liege.

12.30 Manchester United are interested in signing Samuel Eto'o, according to L'Equipe. The French newspaper contacted the Barcelona striker's entourage and nobody denied the Red Devils' interest... although I assume they didn't deny interest from Warrington Town either.

12.00 Lee Bowyer is set to join Birmingham City on a permanent basis from West Ham United on a free transfer. The former England midfielder enjoyed a successful loan spell at St Andrew's during the second half of last season.

11.42 Ligue 1 side Olympique Lyonnais have signed 26-year-old FC Porto striker Lisandro Lopez for €24m, plus €4m in performance related add-ons, according to reports.

11.26 AC Milan have confirmed they have made a double swoop for Real Madrid's Klaas-Jan Huntelaar and Sevilla's Luis Fabiano. Rossoneri vice-president Adriano Galliani said: "Milan have made offers for Huntelaar and Fabiano, but it's a difficult market because Real Madrid's spending has meant prices have doubled since last year."

11.06 The agent of the Brazilian international Maicon, who has been trying to flog the defender to Real Madrid all summer, has now suggested that his client will be staying at Inter Milan. "In the end, I believe that Maicon will follow [Zlatan] Ibrahimovic, and remain with Inter," Antonio Caliendo said.

10.38 Real Madrid seem to be involved in almost every transfer story today and the Spanish club have apparently given Liverpool a two week deadline in which to conclude the sale of Xabi Alonso. New Real coach Manuel Pellegrini is keen to sign a defensive midfielder but will end his interest in Alonso after July 19.

10.21 According to Cheslea chief executive Peter Kenyon it doesn't matter if Manchester City stump up £40m for John Terry as the Blues skipper is going nowhere. "He [Terry] is not available at any price," Kenyon said. "He's got a three-year contract. He's told us he doesn't want to go and we don't want him to go. End of story."

09.53 Birmingham City chairman David Gold still harbours hopes of signing Inter Milan crock Patrick Vieira. "I'd like to think there are a couple more signings who might whet the appetite and I don't think the Vieira deal is dead," Gold said.

09.38 Chelsea defender Ricardo Carvalho has once again stated his desire to quit Stamford Bridge and head to Inter Milan to be reunited with former Blues boss Jose Mourinho.

09.30 Another of Real's Dutch departures could be prolific striker Ruud Van Nistelrooy. The former Man United forward is a target for Blackburn Rovers boss Sam Allardyce.

09.00 According to this morning's newspapers Bordeaux starlet Gabriel Obertan will sign for Manchester United today in an £8m deal. The 20-year-old midfielder will apparently sign a four-year contract.

08.30 It seems that as desperate as Real Madrid are to offload their Dutch contingent there enough clubs who are desperate to take them. Chelsea will consider taking Holland forward Wesley Sneijder off their hands if they fail to land Franck Ribery.

08.00 Manchester United manager Sir Alex Ferguson is preparing to make a £20m swoop for Real Madrid striker Klaas Jan Huntelaar. The 25-year-old has struggled to make an impact at the Bernabeu after scoring 113 goals in 136 games in Holland.