United: Time Is Running Out. And is Caroll REALLY leaving Liverpool?

Arsenal: Arsenal also face an uphill battle to land Real Madrid B star Joselu. The club apparantly rejected an offer around 5 million from Hoffenheim. It would appear the club are determined to reign in around double of the initial bid, valuing the 22 year old striker at around 10 million, who is regarded as a player that would be a very good fit with Premier League football. Additionally, it is reported that Fiorentina’s Stevan Jovetic is wanted by Chelsea and Arsenal, with Wenger of the option that the striker would be a fitting replacement for Robin van Persie should he leave.

Furthermore, Spanish champions Real Madrid have blocked the approaches of an unnamed Premier League club who were hoping for the services of midfielder Esteban Granero. Earlier in the year Arsenal and Liverpool were two clubs known to be keeping a keen eye on the player. The Spaniard’s contract is soon up, expiring next January, however Mourinho is supposedly unwilling to lose his asset, so perhaps the Spanish giants will renew the player's contract.

Chelsea: The Champions League winners Chelsea have had a large bid rejected by Bayer Leverkusen for Andre Schurrle. The 21 year-old is in demand for his versatility and after an especially great season in the Bundesliga. The Blues may yet offer a higher bid in order to lure the player away. The club has also signed 15 year old George Brady from AS Cannes reports, with the French club receiving around £250,000. The defender was wanted by Arsenal, Spur and the two Manchester clubs, but instead signed a three year deal with the European Champions.

Liverpool: Rogers has made a surprise offer for Fulham star Dempsey in the region of £6 million. The manager made his move after new contract deals with Fulham were hardly progressing, and after missing out on Gylfi Sigurdsson last week. Shockingly Andy Caroll MAY be on his way out of Liverpool, after Ac Milan were reportedly serious about securing the tall striker on loan.

Spurs: Villas-Boas will go head to head with former club Chelsea as they fight it out for the signature of Borussia Dortmund star Robert Lewandowski. The Polish striker is currently valued at £20 million, and is also turning the attention of Wenger and Ferguson, as the clubs are desperate to capture the man who bagged 30 goals last season. Spurs may have some more luck with their pursuit of Brazilian striker Leandro Damiao, and with two bids already rejected, the London outfit look a likely destination for the Brazillian. Lastly, Villas-Boas has bagged long-time target Jan Vertonghen from Ajax. The player will undergo a medical some time in the near future to complete the formalities.

United: Time is running out for manager Ferguson to capture one of his main targets in the transfer window: Everton defender Leighton Baines. Ferguson believes that the current valuation for the defender, somewhere in the region of £20 million, is unrealistic, with a figure around £15 million more appropriate to the Scott.

The transfer could happen, however Ferguson is adamant that should Baines join his squad, the deal would have to be done and dusted at the latest by July 15th, as the very next day the Reds embark on their pre-season tour, and he would want Baines to accompany him should he join the squad. Yet, Everton are determined to hold out for a higher bid if they can, as they would regard Baines as one of the best assets. Perhaps Moyes will drag the deal out in the mist of frustration losing his best player, and in the hopes Ferguson will step off the gas and forget about poaching him. Some fans think it is imperative that we tighten up in the defensive department, with Evra's performance last season not as convincing as that of rival City's Kompany, for instance. Either way, new boys Powell and Kagawa will be part of the squad touring South Africa and China with the reds this summer.

Also in the Red camp is the likely resignation of the fact that playmaker Modric will not join the Reds this summer. It is thought that the asking price of £35 million is just too much for United to stretch to. The likely destination of the frustrated Spurs player is said to be La Liga winners Real Madrid.

Elsewhere... Wigan manager Roberto Martinez is making preparations should star player Victor Moses depart for one of the big clubs this summer. The manager is reportedly interested in MLS club Chicago Fire’s star Marco Pappa as a potential replacement for Moses. However, there may be a small complication with the matter of the player's work permit should he come to England. New Norwich boss Chris Hughton looks to his former club Birmingham in order to structure his new team, with the blues' central defender Curtis Davies a prime target. In an attempt to secure Davies, the manager is reportedly prepared to loan out striker James Vaughan to Birmingham. Swansea manager Michael Laudrup wishes to capture Bristol City's talented Adomah, for around £3 million. The manager has been very busy since he took up his post, and is nearing the completion of signings centre-back Chico and attacking midfielder Jonathan de Guzman shortly.

Transfer News: What's Happening At The Top

TRANSFER LATEST - official and unofficial

City: So far there have been no new signings for big spending club, title winners City. However there has been interest circulating around controversial striker and Euro runner up Italy's Ballotelli, as Andrea Pirlo urges Juventus to push the boat out for the striker. Also, Mancini's interest in Napoli's Cavani may prove unfruitful, as the manager tells the both City and Champion League winners Chelsea to forget their hopes of luring the striker away.

Will he stay or will he go?

United: So, the latest on July 7th is that veteran midfielder Ji Sung Park is on his way out of Old Trafford, headed south to join QPR on a three year contract. He will be undergoing a medical on Monday 9th July, and the fee is said to be less than the initial five million expected, around £2 million, with an extra £2.5 mill headed Ferguson's way should QPR avoid relegation. This is the second signing Loftus Road have poached from the Red Devils, after full-back Fabio was loaned out on a season long loan to the club. Ferguson seems desperate to spark new life into his dethroned team, as he makes a bid for Portugal midfielder Joao Moutinho and continues to show interest in Brazil midfielder Lucas Mour. Benfica's Axel Witsel also interests the Scottish manager, and with the club reportedly interested in United's Anderson, who knows what may happen - although United will have to fend off Chelsea and Real Madrid if the Red Giants are to secure the midfielder's signature. With hopeful youngster Nick Powell and promising signing Shinji Kagawa, the future looks promising for the reds. However, the amount of youngsters, an age-group known to be fortuitous under Ferguson's reign, leaving the club in search of higher wages is disconcerting, considering the manager's philosophy of bringing in the youth and training them up. Yet, it is no secret that the club has been near paralysed by the Glazer's debt, reportedly around £420 million, with plans to sell shares in Singapore to help lessen the debt, has crippled Ferguson's options in the transfer market, limiting his expenditure to a fraction of what is available at rival clubs Chelsea and City. In years past the United name, reputation and successes has been enough to pull in talent worldwide and locally, attracting promising youths. However, with big bucks being offered to impressionable youngsters, the times may be a-changing. Hopefully, with a few more signings and perhaps more offloading the team will be revitalised, and come back to reclaim their title in the forthcoming season.

Kagawa predicted as a hit for United

Arsenal: Who cares about Batman, all the talk is about Robin - just where will want-a-way striker RVP end up? In conversations with his family, his father reported that the striker wouldn't want to go to La Liga winners Real Madrid because they have Ronaldo, Barcelona are apparently not a team but a collection of individual super stars and he can't see a place for him there, and he couldn't possibly contemplate Premier League winners City, as he feels after the service he has done at Arsenal, he couldn't leave to join one of his club's rivals - Arsenal will always remain in his heart, the lad just wants to win trophies, and who wouldn't if you were a man of his ability? But this is all speculation i read in a report a few months ago. However, the current rumours are that the superstar will end up at Juventus, and should the star leave, his departure may spark many others, as Arsenal players realise their discontent at remaining trophy-less. Chelsea are reportedly interested in Arsenal's Walcott, and with the winger's contract expiring next summer, Wenger will have to work hard next season to content his restless players, and effectively work Giroud and Podoloski into the fold. 

RVP will be pulled this way and that as clubs hope to obtain his Golden foot

Spurs: Tottenham have yet to add any new signings to the team, with new coach Andres Villas Boas heading the proceedings. Villas Boas hopes to poach 'unsettled' Chelsea striker Daniel Sturridge, and has made an £11 million bid for Brazilian midfileder Oscar, as the new coach hopes to spark a revolution at White Hart Lane. The new boss is also mulling over a move for Lyon goalkeeper Hugo Lloris, who could become 41 year-old current Spurs goalie Friedel's replacement. The club are also contemplating the return of Lassana Diarra to the Premier League after it was reported he can now leave Real Madrid.

Harry out, Andres in - let's hope he's a good fit for Spurs

Demba Ba should be smiling with all the interest for him

Newcastle: The fifth placed Toons have also been shopping, bagging Reims midfielder Romain Amalfitano and are reportedly close to signing Coventry's teenage midfielder Gael Bigiriman. They may also snatch Lille right-back Mathieu Debuchy unless Inter Milan, who are also vying for the defender's signature, hijack the proceedings. However, after the departure of Guthrie to Reading, ex team-mate Danny Simpson may follow in his footsteps. Pardew's main worry at the moment though, should be holding on to talented striker Ba.


Chelsea: Champion's League winners Chelsea have also been offloading, as Saloman Kalou has been released from the club, reportedly heading to French outfit Lille on a four year contract. The player seemed to have been frozen out under young and vibrant coach Andres Villas Boas, but appeared to fight back into first team action under then interim-coach Di Matteo. However, the striker-cum-winger was always going to be released at the end of his contract, with Di Matteo vying to breathe a new lease of life into the club. Perhaps this philosophy, combined with the sighting of long-serving Lampard at LA Galaxy with friend Beckham, has sported rumours that the Chelsea midfielder will shortly be on his way out of Stamford Bridge...But with two signings at Chelsea already, especially much sought after Hazard and potentially a bid on promising young talent Victor Moses, if Lampard was to go he may not be missed. 

AVB will raid his old club in the hopes Sturridge joins hims at Spurs

Liverpool: Struggling Liverpool could become revitalised under new manager Brendan Rogers, who worked a treat for newly promoted Swansea in their last campaign, as they finished a respectable 11th. The reds have yet to make a signing, but have said goodbye to Kuyt and Aurellio. They may consider a late swoop for Newcastle hit Demba Ba for £7 million due to a clause in the striker's contract, but the new manager may find it hard to fend off interest for unsettled striker Caroll, and controversial but excellent player Luis Suarez. 

Brendan Rogers Takes Over Liverpool Legend Dalglish

  

With both current Premier League players and other international super stars yet to finalise contract deals, the summer transfers could hold even more surprises in store - so check back for future updates.