8am Transfer Talk Update: Alexis Sanchez, James Rodriguez, Fernando

With plenty of transfer news and speculation emerging by the hour, Sports Mole has rounded up all the latest stories.

Thursday morning's headlines:

Garay makes Zenit switch Argentina centre-back Ezequiel Garay completes his move from Benfica to Zenit St Petersburg.

Man City agree Fernando deal Porto confirm that a deal has been struck with Manchester City for the services of midfielder Fernando.

Liverpool complete Sachez capture Former Liverpool player Phil Thompson claims that the club have completed the signing of Barcelona's Alexis Sanchez.

Ridgewell makes MLS move Former West Bromwich Albion defender Liam Ridgewell agrees to join Major League Soccer side Portland Timbers.

Koke, Juanfran agree new Atletico deals Spanish duo Juanfran and Koke extend their contracts at champions Atletico Madrid until 2018 and 2019 respectively, the club confirms.

Koeman promised £70m transfer budget? A report suggests that Ronald Koeman has been promised a transfer budget of £70m at Southampton should England international duo Luke Shaw and Adam Lallana move on this summer.

Rodriguez linked with Premier League switch Monaco winger James Rodriguez is linked with a move to Manchester United and Tottenham Hotspur.

Swansea ready to offload Michu Swansea City are said to be ready to offload Spanish striker Michu this summer.

Poyet rejects Charlton deal Diego Poyet will leave Charlton after failing to agree a new deal at the club.

Whelan: Wigan close to signing striker Wigan Athletic chairman Dave Whelan confirms that the Championship club are close to signing a striker.