The transfer window closes at the end of this month, leaving clubs across Europe with just three weeks to finalise their squads for the new campaign.
Here, Sports Mole takes a look at all the transfer stories that have emerged overnight.
Wednesday morning's headlines:
Angel di Maria "very happy" to join Paris Saint-Germain
Angel di Maria says that he is "very happy" to leave Manchester United for Paris Saint-Germain as his move nears completion. Read more.
Report: Arsenal to sign Gonzalo Higuain
Arsenal are reportedly set to sign Gonzalo Higuain from Napoli after he rejected a new deal with the Italian club. Read more.
Luis Enrique: "Top class" Pedro might join Manchester United
Coach Luis Enrique says that Pedro will decide his own future amid intense speculation linking him with Manchester United. Read more.
Aston Villa make Alessandro Diamanti bid?
Aston Villa have made a bid for Guangzhou Evergrande and Italy midfielder Alessandro Diamanti, according to a report. Read more.
Aleksandar Mitrovic: 'Newcastle United was my only choice'
Aleksandar Mitrovic reveals that he decided to join Newcastle United because it was the right club for him. Read more.
Dougie Freedman wants two more signings at Nottingham Forest
Nottingham Forest boss Dougie Freedman reveals that he is looking to sign two more players before the new season begins. Read more.
Bristol City to make Jesse Lingard move?
Bristol City are preparing a £2.5m bid for Manchester United youngster Jesse Lingard, according to a report. Read more.
Southampton to offer £11.2m for Leon Goretzka?
Southampton are reportedly prepared to bid £11.2m for Schalke midfielder Leon Goretzka. Read more.
Report: Victor Wanyama set for contract talks
Southampton are reportedly prepared to begin contract talks with midfielder Victor Wanyama. Read more.
Crystal Palace 'refuse to consider Yannick Bolasie departure'
Crystal Palace have no intention of selling Yannick Bolasie to Tottenham Hotspur this summer, according to reports. Read more.
Aly Cissokho close to Porto loan move?
Aston Villa full-back Aly Cissokho will move to Porto on a season-long loan later this week. Read more.
Report: Rangers make third offer for Scott Allan
Rangers make a third offer to Hibernian for midfielder Scott Allan, according to reports. Read more.
Liverpool to loan out Ryan Kent?
Liverpool are considering offers from Championship clubs for attacking midfielder Ryan Kent. Read more.
West Bromwich Albion plan bid for Dennis Praet?
West Bromwich Albion are considering making an £11m move for Anderlecht midfielder Dennis Praet. Read more.
Bryan Robson wants Gareth Bale at Manchester United
Bryan Robson says that the acquisition of Real Madrid ace Gareth Bale would represent a "really good signing" for Manchester United if it materialises. Read more.
Rafael Benitez: 'Nobody is leaving Real Madrid'
Rafael Benitez is adamant that none of his Real Madrid squad will be leaving before the transfer window closes. Read more.
Agent: 'Baba Rahman agrees to join Chelsea'
Baba Rahman's agent says that the Augsburg defender wants to join Chelsea but reveals that negotiations between the clubs remain ongoing. Read more.
Steve McClaren: 'No Charlie Austin bid'
Newcastle United boss and board member Steve McClaren stresses that the Magpies have not made a bid for QPR marksman Charlie Austin. Read more.
Report: Everton fear Chelsea will get John Stones at third attempt
Everton are reportedly concerned that Chelsea will eventually signed centre-back John Stones this summer. Read more.
Paul Konchesky moves to Queens Park Rangers
Queens Park Rangers announce the signing of Paul Konchesky on a season-long loan from Leicester City. Read more.
Wolverhampton Wanderers snap up Liverpool's Sheyi Ojo
Liverpool midfielder Sheyi Ojo joins Wolverhampton Wanderers on a season-long loan deal. Read more.
Wigan Athletic sign right-back Kevin McNaughton
Kevin McNaughton signs for Wigan Athletic on a one-year-deal following his release from Cardiff City. Read more.