With clubs already making plans ahead of the new season, Sports Mole rounds up the latest news and gossip from the world of transfers.
Wednesday evening's headlines:
Liverpool to give up on Adam Lallana?
Liverpool are reportedly ready to give up on signing Southampton midfielder Adam Lallana.
Report: Diego Costa completes Chelsea medical
Diego Costa reportedly completes a medical with Chelsea ahead of a £32m move from Atletico Madrid.
Thomas Muller wants Bayern Munich talks
Bayern Munich attacker Thomas Muller reveals that he has asked for discussions regarding his future with the club.
Manchester United target January swoop for Kevin Strootman?
New Manchester United manager Louis van Gaal reportedly makes Kevin Strootman one of his major transfer targets, but will not launch a bid for the Roma midfielder until the January transfer window.
Jack Colback heading for Newcastle United?
Newcastle United are reportedly on the verge of sealing a move for Sunderland midfielder Jack Colback.
Southampton want Javier Hernandez in Luke Shaw sale to Manchester United?
Southampton reportedly tell Manchester United that they want Javier Hernandez included in a swap deal with left-back Luke Shaw.
Report: Sunderland target Fenerbahce duo
Sunderland manager Gus Poyet is understood to have made Fenerbahce's Raul Meireles and Moussa Sow his main transfer targets this summer.
Florentino Perez: 'We will not sign Sergio Aguero or Paul Pogba'
Real Madrid president Florentino Perez insists that Manchester City's Sergio Aguero and Juventus's Paul Pogba are not transfer targets for the club this summer.
Kasper Schmeichel signs Leicester City contract extension
Leicester City goalkeeper Kasper Schmeichel signs a four-year contract extension with the Premier League club.
Neil Adams: "No transfer request from Gary Hooper"
Norwich City manager Neil Adams rejects speculation that Gary Hooper has submitted a transfer request.
Leon Britton signs new Swansea City deal
Midfielder Leon Britton extends his contract with Swansea City until 2017.
Chelsea plan talks with Pachuca winger Jurgen Damm
Chelsea register an interest in signing Pachuca winger Jurgen Damm.
Enzo Perez claims Manchester United interest
Benfica midfielder Enzo Perez alleges that Manchester United are "interested" in his services.
Pedro 'hopes' to stay at Barcelona
Spanish attacker Pedro reveals that he wants to stay with Barcelona this summer.
Celtic, West Ham United target Julian Schieber?
Celtic and West Ham United are reportedly interested in signing Borussia Dortmund striker Julian Schieber.
Frank Lampard to consider short-term Premier League move?
Midfielder Frank Lampard reportedly indicates that he would be prepared to consider a six-month contract with a Premier League club.
Atletico Madrid sign Miguel Moya
A statement on Atletico Madrid's official website reveals that the Spanish champions have reached an agreement with Getafe for the signature of goalkeeper Miguel Moya.
West Bromwich Albion 'deny possibility of Youssouf Mulumbu sale'
West Bromwich Albion reportedly reject suggestions that Youssouf Mulumbu could leave The Hawthorns this summer.
West Ham United interested in Anderlecht defender Cheikhou Kouyate
Anderlecht confirm that West Ham United are interested in signing defender Cheikhou Kouyate.
Swansea City close in on FC Twente striker Luc Castaignos
FC Twente claim that the club is close to reaching an agreement with Swansea City over the transfer of Luc Castaignos.
Jussi Jaaskelainen signs West Ham United contract extension
West Ham United confirm that goalkeeper Jussi Jaaskelainen has signed a new one-year deal with the club.
Report: Queens Park Rangers want to sign free agent Steve Sidwell
Queens Park Rangers will reportedly try to sign free agent midfielder Steve Sidwell this summer.
Manuel Almunia among seven players released by Watford
Watford confirm that goalkeeper Manuel Almunia is among seven players who will leave the club this month.
Aymeric Laporte flattered by Barcelona link
Athletic Bilbao defender Aymeric Laporte reveals that he is flattered to be linked with a move to Barcelona.
Wigan Athletic sign left-back Aaron Taylor-Sinclair from Partick Thistle
Wigan Athletic have announced the signing of left-back Aaron Taylor-Sinclair from Partick Thistle.
Nemanja Pejcinovic confirms Nice exit
Nemanja Pejcinovic confirms that he has left Nice after rejecting a new contract with the club.