Arsenal have been linked with a move for Malaga start let Isco, with a fee of £30m being talked of.
The Gunners have already done business with the La Liga club this season, bringing Santi Cazorla to the Emirates Stadium, and the 20-year-old Isco, also an attacking midfielder, would require a fee rarely spent by the London club.
Liverpool are front-runners to bring Sevilla striker Alvaro Negredo to the Premier League this summer, should their 13m Euro deal for Roma forward Fabio Borini fall through.
The Reds are known to be in the market for a striker, and with reports suggesting Andy Carroll could be offloaded on loan, Negredo would fit the bill as his replacement.
Should the deal for Borini be completed, both Arsenal and Malaga are interested in the forward, report AS.
Manchester United are keen on bringing Real Madrid midfielder Fernando Gago to Old Trafford, according to reports in Spain.
The Argentine midfielder spent last season on loan at Roma, but a deal to take Gago to the Olimpico on a prmanant deal is unlikely.
Gago, 26, is surplus to requirements in Jose Mourinho’s Madrid side, and could be of interest to Man Utd as an alternative to Tottenham midfielder Luka Modric, who may be priced out of a move to Manchester.