Here are the pick of today's football transfer rumours from Arsenal, Chelsea and Manchester United.
Reports state that talks between Arsenal and Manchester City are moving at a swift pace, with The Daily Mirror claiming that a fee of £22 million has already been agreed between the two clubs and the only sticking-point that remains is the manner of payment. Arsenal want the full fee up-front, knowing that the sum would have as much effect on the rich Eastland's side as a match-stick would in a volcano. City however, are only willing to pay £15 million up-front with the rest of the fee based on performance related add-ons.
Arsene Wenger's chief scout Steve Rowley and his assistant Pat Rice both watched Birmingham defender Scott Dann, who was playing a friendly against Tottenham as well as Bolton's Gary Cahill earlier. Links also continue with Werder Bremen defender Per Mertesacker and Blackburn centre-back Chris Samba.
Russian heavy-spenders Anzhi Makhachkala are stepping up their efforts to sign Andrey Arshavin, according to talkSport.co.uk.
Arsenal's Japanese youngster Ryo Miyaichi, branded the Japanese Messi, has been given a work-permit on the basis of being an "exceptional talent" and will feature for Arsenal in the upcoming season.
According to a report in The Daily Mail, Andre Villas-Boas is prepared to offer the Yossi Benayoun as a makeweight in a deal to bring Luka Modric from Tottenham as he looks to inject some fluidity and invention to a rigid midfield.
Villas-Boas is set to go head-to-head with former-mentor Jose Mourinho for the signing of Porto's Fredy Gaurin, who can play on the right as well as the centre of midfield.
Manchester United are close to finally signing Wesley Sneijder from Inter Milan, according to a Daily Mirror report which claims that the two clubs are close to agreeing a fee around the region of £32 million, with a possible deal being agreed on within the next two days.