While the World Cup is currently dominating the attention, club managers are desperately attempting to improve their squads for the coming season.
Here, Sports Mole has rounded up the transfer gossip from around the globe.
Thomas Vermaelen: Manchester United rumours are "not true"
Thomas Vermaelen dismisses reports claiming that he has agreed to join Manchester United from Arsenal.
West Bromwich Albion confirm Joleon Lescott capture
West Bromwich Albion complete the signing of ex-England defender Joleon Lescott on a free transfer.
Edinson Cavani: 'I could leave Paris Saint-Germain'
Paris Saint-Germain striker Edinson Cavani admits that there is a chance he could leave the club this summer.
Report: Xavi to leave Barcelona
Spanish midfielder Xavi will reportedly announce his decision to depart Barcelona after the World Cup this summer.
Orlando City reveal Kaka talks
MLS club Orlando City reveal that they are in "advanced discussions" with AC Milan attacker Kaka.
Report: Barcelona offer Alexis Sanchez for Luis Suarez
Barcelona have reportedly made Liverpool an offer of £30m plus Alexis Sanchez for Uruguay international Luis Suarez.
Agent: 'Ander Herrera will remain at Athletic Bilbao'
The agent of Athletic Bilbao midfielder Ander Herrera claims that his client will remain with the Basque outfit this summer.
Report: Napoli join Alex Song race
Italian outfit Napoli reportedly join the race to sign Alex Song from Barcelona.
Report: Jeremy Mathieu Barcelona talks continue
Barcelona sporting director Andoni Zubizarreta has reportedly met his Valencia counterpart Francisco Rufete this week to discuss the future of French defender Jeremy Mathieu.
Report: Alvaro Negredo wants Atletico Madrid move
Manchester City striker Alvaro Negredo is reportedly interested in joining Atletico Madrid.
Report: Oliver Torres to join Porto on loan
Atletico Madrid will reportedly send highly-rated youngster Oliver Torres on loan to Porto this summer.
Fiorentina hoping to keep Juan Cuadrado
Fiorentina president Andrea Della Valle is hopeful that the Italian club can resist interest in Colombian winger Juan Cuadrado this summer.
Matt Law
