8am Transfer Talk Update: David Luiz, Jermain Defoe, Wallace

With plenty of transfer gossip doing the rounds, Sports Mole takes a look at the stories emerging from the rumourmill this morning.

This morning's headlines:

Report: Barcelona open Luiz, Agger talks Barcelona reportedly open talks with Chelsea and Liverpool for David Luiz and Daniel Agger respectively.

Harry Redknapp plans shock Jermain Defoe reunion Queens Park Rangers manager Harry Redknapp wants to persuade Jermain Defoe to join his promotion bid at Loftus Road with a £6m bid, according to a report.

Chelsea youngster Wallace close to Inter Milan loan move The agent of Chelsea youngster Wallace says that Inter Milan are close to signing the Brazilian on loan.

West Bromwich Albion complete Lugano signing West Bromwich Albion sign Uruguayan international defender Diego Lugano from Paris Saint-Germain in a reported £1m deal.

Hamburger SV: 'We cannot afford Jelavic' Hamburger SV general manager Oliver Kreuzer admits defeat in a summer pursuit of Everton striker Nikica Jelavic.

Monaco sign Borja Lopez Monaco bring in their 11th new player of the summer, signing Spanish youth international Borja Lopez on a four-year contract.

Lyon let Michel Bastos leave for Al-Ain Brazil international Michel Bastos leaves Lyon to sign a three-year contract with United Arab Emirates side Al-Ain.

Valencia 'unlikely to sign Helder Postiga' Valencia want to sign Helder Postiga as a replacement for Roberto Soldado, but Real Zaragoza's asking price for the forward is currently too high.

Gerrard turned down Bayern Munich last summer? Liverpool captain Steven Gerrard reveals that he turned down the advances of a top European side last summer.

De Ridder signs three-year deal with Utrecht Steve de Ridder signs a three-year contract with Eredivisie side FC Utrecht.

Neil Lennon quiet on Alfred Finnbogason Neil Lennon says that talk of Celtic making a move for Heerenveen striker Alfred Finnbogason is "just speculation".

Mesut Ozil hopes for Cristiano Ronaldo stay Mesut Ozil is hoping that Cristiano Ronaldo stays at Real Madrid for many years to come.