With plenty of transfer news and speculation emerging by the hour, Sports Mole has rounded up the latest stories.
Wednesday morning's headlines:
Spurs to raise funds for Lukaku bid?
Tottenham Hotspur will reportedly try to sell two of their strikers to raise funds for a bid for Chelsea forward Romelu Lukaku.
Petrescu: 'Xavi to join Al-Arabi'
Al-Arabi head coach Dan Petrescu claims that Barcelona midfielder Xavi has signed a pre-contract agreement to join the club.
Barcelona chase Silva?
Barcelona are reportedly eyeing a deal for Cruzeiro player Lucas Silva.
Drinkwater signs new Leicester deal
Leicester City midfielder Danny Drinkwater signs a new four-year deal with the Championship winners.
Middlesbrough to make Ameobi bid?
Middlesbrough will reportedly make a move for Newcastle United winger Sammy Ameobi later in the summer.
Wolves target Cook?
Wolverhampton Wanderers reportedly identify Bournemouth defender Steve Cook as a potential signing ahead of their return to the Championship.
Reed: 'Koeman could persuade stars to stay
Southampton executive director Les Reed hopes that the appointment of Ronald Koeman can persuade several of the club's star players to remain at St Mary's Stadium.
Larrivey joins Celta Vigo
Striker Joaquin Larrivey signs a three-year deal with Celta Vigo.