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

Could Raul head to England? © Getty Images

17.45 BST: Real Madrid have been cleaning house, and Guti has now put pen to paper on a deal with Besiktas... at last!

17.05 BST: A source has told ESPNsoccernet: “There is no doubt that the one Mancini would like is Torres, but as he has already made it clear if he does leave Anfield, it would not be for City, then Dzeko is the man.'' Wonder where that puts Balotelli in the pecking order?

16.33 BST: It looks like Rafael van der Vaart will not be heading to England. He claims to have been misquoted and he insists he will be staying with Real Madrid. He told: De Telegraaf: "I'm determined to stay at Real Madrid. I want to stay here and succeed at Real. It's a shame that the English press has misquoted me. They've written things that are simply not true."

16.21 BST: Here's a comment on Liverpool from Benjy:

Liverpool need to do everything they can to keep Torres happy and put to bed the long saga of "will he stay or will he go?". From a football standpoint, a healthy Torres is one of the premier strikers in the world and can be a huge part of bringing cups to Liverpool. From a financial perspective, surely the owners must know that the club loses some value and some prestige if they lose their (arguably) best player. The powers that be have kept Reina and Gerrard and now need to focus all energy on Torres. Also, can LFC please just buy a left back and end that speculation as well?

16.09 BST: Striker Rob Hulse is again being linked with a move from Derby County to Blackpool. Ian Holloway still has Francis Jeffers on trial too.

15.41 BST: Aston Villa have held what the club describe as "amicable" talks with Manchester City target James Milner and the midfielder will be a member of Martin O'Neill's squad for a pre-season tournament in Portugal.

15.33 BST: And on the West Ham front, we have quotes from Nice chairman Gilbert Stellardo about striker Loic Remy: "West Ham? Remy is definitely interested,'' he told L'Equipe. "Liverpool, Chelsea and Arsenal? I have heard about their interest but I have had no contact. The only clubs I have talked to are West Ham and Fenerbahce."

15.33 BST: West Ham manager Avram Grant hopes to add more players to his squad before the start of the season. "The squad is not complete yet, we told the players we want to make the squad as strong as we can,'' Grant told the club's official website. "Even if the club are limited with money, because we are in debt, we know what we are doing and we know we want to do."

15.21 BST: Premier League clubs are said to be tracking Argentina prospect Mikhail Colombo, who is 16 and has an Italian passport. He's on the books of Independiente.

15.14 BST: Anderlecht have revealed that Czech Republic midfielder Jan Polak is heading to Galatasaray.

14.56 BST: Hoffenheim have sent midfielder Franco Zuculini on loan to Serie A with Genoa for the season.

14.49 BST: Reports coming out of Lancashire tell us that Wigan and Newcastle United are locked in battle to sign high-rated youngster Tom Cleverley on loan from Manchester United. He was superb with Watford last term,

14.41 BST: Darren Ambrose looks set to sign a new contract with Crystal Palace despite interest from former boss Neil Warnoc at QPR.

14.32 BST: There seems to be a lot of interest in Juve striker David Trezeguet but his agent says no offer has been accepted. Antonio Caliendo told Tuttomercatoweb.com: "Trezeguet is part of [coach Luigi] Del Neri's plans. And one offer from the USA and two from Turkey have been rejected. One was from Fenerbahce, and the other was a mega-galactic offer from Trabzonspor. In any case he has a contract with Juventus and he intends to respect that."

14.19 BST: Interesting quotes here from Raul. He says a move to England is possible so maybe he won't go to Schalke? "The German team is interested in me and I have had very deep discussions with them,'' he said. "In a few days I will know whether I'll be going to the Bundesliga, but there are other teams that are also interested. What is clear is that my future lies in Germany or England,''

14.04 BST: Here's an email from Tabeeb:

Sir Alex, what are you doing? Why aren't you buying anyone else?? The only players you bought are the Mexican guy and Chris Smalling. Chelsea, Liverpool and City your rivals are spending money like crazy. Why don't you?? City already spent 77 million. And we do not have all we need to win the Premier League.

14.04 BST: Millwall have agreed a fee with Reading to sign winger James Henry.

13.59 BST: Coventry City have signed Everton striker Lukas Jutkiewicz for an undisclosed fee. He was on loan at Motherwell last season.

13.44 BST: You're not going to believe this. The Daily Star carries quotes from Royston Drenthe with the Real Madrid full-back stating he has signed for Liverpool. Now, where did they get those quotes from? Yes, his Facebook status. From 11 days ago. On a fake Facebook account, it seems. The Star quotes: "I will soon be joining Liverpool. I hope I will have a good season with my new club," And less reputable websites are running the story as fact.

Check this out: Facebook account

13.24 BST: Arsenal are now being linked with Bolton defender Gary Cahill. Who will be linked next?

13.13 BST: Raul has bid farewell to Real Madrid following 16 years at the Santiago Bernabeu, but says he will always remain loyal to the club which gave him his chance as a 17-year-old. Raul is expected to sign for Bundesliga club Schalke and the striker says the
time is right for a new challenge.

12.52 BST: The agent of Mario Balotelli, Mino Raiola, has rubbished reports that the player has signed a five-year deal with the club, and insisted that the deal will not be completed in the next few days.

12.51 BST: Spurs boss Harry Redknapp has ruled out making any bids for Phil Jagielka, James Milner or Ashley Young.

12.44 BST: Here's more silly Liverpool rumours, with the club linked to Wigan Athletic left-back Maynor Figueroa and Real Madrid's Royston Drenthe. Stories in Holland say Wigan have accepted an offer of £5 million.

12.39 BST: Chelsea defender Michael Mancienne could be ready to leave the club. “I’ve been at Chelsea since I was a kid and I’d love to break into the first team, but it’s hard for any young player knowing how much quality they’ve got,” said Mancienne. “I’ve had two seasons on loan at Wolves and had regular games and really enjoyed it. Now I want to be settled at one club.”

12.31 BST: Could Juventus be ready to offer Christian Poulsen to Liverpool in a bid to sign Dan Agger from the Anfield club? That's what the Daily Mail thinks.

12.19 BST: Wolfsburg striker Grafite has been linked with a move to Russia with Rubin Kazan.

12.09 BST: More from Corriere dello Sport with the paper claiming that West Ham's Valon Behrami is prepared to wait to win a move to AS Roma. He is surplus to requirements at Upton Park.

12.06 BST: Now, we usually know our onions in the football world, but alledged Arsenal target Serigne Mbodj is a new name to us. He plays for Tromso in Norway and is a defender from Senegal.

12.03 BST: Corriere dello Sport says that Juventus want Emmanuel Adebayor on loan from Manchester City and they will also be keeping hold of Diego.

12.01 BST: Hull City have been thwarted in their attempts to sign Martyn Waghorn on loan from Sunderland.

11.59 BST: Dutch paper De Telegraaf says that Ajax will sign Mido on a free transfer from Middlesbrough.

11.55 BST: Marseille's Ghana midfielder Andre Ayew, tracked by Premier League clubs, is wanted by Stuttgart. "He is one of those players that had a great run at the recent World Cup," boss Christian Gross told Stuttgarter Nachrichten. "I could well imagine him being a player that would do well for VfB (Stuttgart)."

11.51 BST: Kieran Richardson is set to sign a new contract with Sunderland.

11.48 BST: Could Arsene Wenger be about to bid £12 million for Anderlecht striker Romelu Lukaku? No, we don't think so.

11.42 BST: Spanish paper AS is reporting that Vfb Stuttgart's Sami Khedira is to reduce his wage demands in order to win a move to Real Madrid.

11.31 BST: The Daily Mail is reporting that Paraguay striker Nelson Valdez will turn down both Sunderland and Fulham in favour of a move to La Liga.

11.12 BST: Liverpool midfielder Javier Mascherano met up with new manager Roy Hodgson for the first time this morning after returning to pre-season training. Maybe we'll find out more on his future, San Siro or Anfield?

11.07 BST: Celtic have completed the signing of Mexican international Efrain Juarez, who joins the club on a four-year deal. He has finally received the work permit he needed to complete the move from UNAM Pumas.

10.54 BST: Newcastle have been tracking Hatem Ben Arfa this summer, but reports now suggest that Milan could move in to take the Marseille player on loan.

10.47 BST: Aberdeen have made a double signing this morning, snapping up Scott Vernon and Yoann Folly. They also hope to complete a deal for Lee Hendrie.

10.32 BST: Scunthorpe's Gary Hooper has arrived in Glasgow to complete a move to Celtic.

10.20 BST: Belgian centre-back Jan Vertonghen says he wants to spend another season in the Eredivisie with Ajax before moving to the Premier League,

10.14 BST: Marseille president Jean-Claude Dassier believes a clearer picture will emerge within eight days regarding their bid to lure Bordeaux captain Alou Diarra to Stade Velodrome.

10.06 BST: South Korea winger Lee Chung-Yong is not entertaining thoughts of leaving Bolton Wanderers this summer, despite suggestions that Liverpool retain an interest in the player.

10.02 BST: New Bolton Wanderers signing Marcos Alonso, who has moved from Real Madrid, cannot wait to get started at the Reebok. "I was impressed that Bolton watched me in the reserves and wanted me for a long time. "I could have gone to Benfica, but felt they only wanted me as part of the deal for Angel Di Maria."

09.53 BST: Manchester City manager Roberto Mancini has reiterated his desire to sign Mario Balotelli, but does not expect a quick conclusion to the saga.

09.43 BST: Crystal Palace boss George Burley is hoping to tie up loan deals for a couple of Premier League players - Nile Ranger of Newcastle United and Ryan McGivern from Manchester City.

09.31 BST: WBA and Bristol City are said to be ready to fight Burnley for the signature of Sheffield Wednesday goalkeeper Lee Grant.

09.19 BST: Sam Allardyce has insisted he has no intention of selling Brett Emerton. He has been linked with a move to Galatasaray. "It's been frustrating for Brett, but I think this season is going to be the one where he will show his full potential again," said Allardyce. Emerton added: "I have two years left on my contract and I intend to finish them."

09.16 BST: Sebastian Larsson is concentrating solely on regaining his first team spot at Birmingham even though his long-term future is still to be finalised at St Andrew's.
Larsson is yet to resolve his contract situation although Blues have taken up the 12-month option on his current deal.

09.12 BST: Rangers defender Madjid Bougherra has admitted he could still leave the Ibrox club before the transfer window closes.

09.06 BST: Martin O'Neill is anticipating "great interest" in Ashley Young before the close of the transfer window, while the future of James Milner could become clearer following talks between player and manager on Monday.

08.57 BST: One of those mysterious sources in The Sun is claiming that Real Madrid still want Ashley Cole: "Talk surrounding Cole coming here is not confined to the media. Mourinho wants people with experience and confidence and Ashley fits the bill."

08.37 BST: Monday's Gazzetta dello Sport claims Mario Balotelli has agreed to join Manchester City and that he held a goodbye party in Milan over the weekend. €35 million is the price for the Inter Milan wonderkid.

08.31 BST: Stephen Ireland will not even be in Manchester City's squad next season, according to reports on Monday, but he still hopes to prove himself to Roberto Mancini.

08.10 BST: Harry Redknapp has ruled out a move for Real Madrid great Raul, which is good of him, as the forward will join Schalke later today. "Raul is a great player at Real Madrid, but I wouldn't think he would be a player we would bring to Tottenham," Redknapp told Sky Sports News. "Financially, I don't think it would be possible to do a deal like that." But he does want to sign three players.

07.40 BST: Here are the big stories from the morning's papers...

The Guardian: Stephen Ireland has been told he may not make Manchester City’s 25-man squad next season. The midfielder, named City’s player of the season for 2008-09, is attracting interest from Galatasaray and could be available for £8 million.

The Independent: With Jonathan Woodgate still some way from fitness and Ledley King also struggling at present, Tottenham could move for Everton defender Phil Jagielka. However, Arsenal have also been linked with the £15 million-rated defender.

Daily Telegraph: Newcastle are on the verge of signing Marseille playmaker Hatem ben Arfa on loan. Wolfsburg are also interested but Ben Arfa’s agent believes the player may yet remain at Stade Velodrome.

The Sun: Cesc Fabregas will meet Arsene Wenger this week in a bid to find some clarity about his future and whether he will be allowed to return to Barcelona. James Milner will hold similar talks with Martin O’Neill on Monday after telling Aston Villa he wants to join Manchester City.

Daily Mirror: Blackpool have joined Sunderland in the race to sign Danny Welbeck on loan from Manchester United. Blackburn are poised to sign Brazilian defender Henrique Haygnner Celestine from Pacos de Ferreira of Portugal. Finally, David Ngog’s wage demands are proving problematic for West Brom, Newcastle and Bolton, all of whom hope to sign him on loan.

07.27 BST: We will now take a quick look at what stories are making the headlines in the British press...

07.15 BST: Godd morning, transfer fans. The big news this lovely Monday morning is that Manchester City manager Roberto Mancini has expressed an interest in Fernando Torres. Do they have any chance of luring him from Anfield though?