Here are the pick of the transfer rumours of the day from Arsenal, Chelsea and Manchester United.

Arsenal

Arsenal are on the verge of completing a move for Valencia star Juan Mata. The Mirror reports that Arsenal already have agreed a fee with Valencia for the highly- coveted Mata, believed to be around £17 million. If successful, the deal will break Arsenal's transfer record.

Jagielka is also the subject of an improved £13 million move by Arsene Wenger after an initial bid of £10 million was rejected two weeks ago. Everton are demanding at least £15 million, however, while some quarters claim Toffees manager David Moyes would hold out for at least £18 million as the defender is one of his key players.

The Gunners continue their tough stance on Fabregas. They are believed to have stated an ultimatum to Barcelona, wherein the Catalans have been told to meet the £40 million valuation on the player or forget about a deal. In fact, Wenger is reported to have sent an email to Barcelona president Sandro Rossell, setting the deadline of August 5 for a possible deal, as he has to prepare his plans for the upcoming season.

Finally, Eden Hazard could also be subject to an Arsenal bid, as could his brother Thorgan, according to Caughtoffside.com. Eden, 20, had a huge impact for Lille last season, scoring seven goals and assisting eight while Thorgan, 18, is a highly-rated strike for RC Lens. Wenger is believed to be keen to reunite Eden with Gervinho, who were teammates at Lille, while the possibility of playing with his brother Thorgan could also attract him to the Emirates. 

Chelsea

"Pastore

Pastore finds himself in the middle of a tug-of-war between Chelsea and PSG.

Chelsea and PSG face an anxious wait on the signing of Javier Pastore. The Metro has reported that both Chelsea and PSG will know if their bids were successful within 24 hours. However, PSG could hold the edge as their sporting director is Leonardo, ex-AC Milan and Inter coach, who made quite a few helpful contacts during his time in Italy.

Elsewhere, According to talkSport.com, Anderlecht has denied receiving a £20 million bid from Chelsea for Belgian whiz-kid Romelu Lukaku. The report quoted a spokesman of Anderlecht as saying, "There's no news on Lukaku. There has not been a bid from Chelsea or anyone and he's still an Anderlecht player."

Finally, 21-year-old striker Daniel Sturridge is set to stay at Chelsea for the season, after impressing Villas-Boas enough for the Portuguese manager to admit that there remains a possibility of keeping the player at the club this season, as opposed to a loan move.

Manchester United

The on-off manner of Manchester United's pursuit of Wesley Sneijder continues, with latest reports stating that the frustrated English side will look elsewhere for a Paul Scholes' replacement.

United haven't been able to agree a fee with Inter Milan and will now turn their attention to Napoli's Marek Hamsik instead. Reports suggest that Napoli had rejected an offer from United for the Slovakia international last year. However, United are likely to strike a deal this time. Hamsik is valued at around £25 million.

Sir Alex will also send his brother, Martin, who is the chief scout of United, to watch Swedish sensation Teteh Bangura. The 21-year-old has caught the attention of many top teams across Europe, including Chelsea, Liverpool and Tottenham, and United are the latest in the long list who will observe the AIK Solna player.