10am Transfer Talk Update: Owen, Kaka, Jovetic

There is plenty of business being done around Europe's top leagues with 11 days left in this summer's transfer window. Here, Sports Mole rounds up the latest activity in the market.

This morning's headlines:

Report: Owen in advanced Everton talks Former Liverpool striker Michael Owen is said to be on the verge of joining Everton on a free transfer.

Man Utd offered Kaka loan? Manchester United reportedly weigh up a season-long loan move for Real Madrid midfielder Kaka.

Man City join Jovetic chase Premier League champions Manchester City are thought to have joined Chelsea and Juventus in the chase to sign Fiorentina striker Stefan Jovetic.

Buttner reveals Man Utd move Vitesse Arnhem's Alexander Buttner reveals that he is close to sealing a "dream" move to Manchester United.

Spurs reject Liverpool approach for Caulker? Tottenham Hotspur reportedly reject an approach from Liverpool for defender Steven Caulker.

Agger closes in on new Reds deal? Liverpool defender Daniel Agger is reportedly on the verge of signing a new lucrative long-term contract at the club.

Bolton target Spearing? Bolton Wanderers manager Owen Coyle is reportedly keen on signing Liverpool midfielder Jay Spearing on a season-long loan.

Welbeck poised to sign new four-year deal? Manchester United forward Danny Welbeck reportedly prepares to sign a new four-year contract this week.

Cassano wants Milan exit Massimiliano Allegri says that Antonio Cassano wants to leave AC Milan.