Real Madrid are on the verge of completing a deal for Portugal midfielder Bernardo Silva, 31, with the move set to mark the beginning of Jose Mourinho's second tenure at the club. Silva's contract with Manchester City expires later this month, paving the way for a free transfer to the Spanish giants.

Meanwhile, Bayern Munich are growing in confidence that they can seal a move for Manchester United and England forward Marcus Rashford, 28, after holding what are described as positive discussions with his representatives.

Manchester United, for their part, appear to be winning the battle for Portugal and West Ham midfielder Mateus Fernandes, 21. The club have reportedly fended off competition from Arsenal to move to the front of the queue for the young midfielder's signature.

Newcastle and Arsenal enter the market

Newcastle have revived their interest in Manchester City goalkeeper James Trafford, 23, as the club seek to strengthen their options between the posts. The England stopper has emerged as a priority target as Newcastle look to add depth to their goalkeeping unit.

Arsenal are also active, assessing a potential move for Real Sociedad winger Ander Barrenetxea of Spain — a player who has also attracted attention from Tottenham Hotspur.

More deals in the pipeline

Leeds and Liverpool have both registered interest in Midtjylland and South Korea centre-back Lee Han-beom, 23. The defender has drawn eyes from further afield too, with Napoli, Monaco, and Lyon among the clubs monitoring his situation.

Brighton & Hove Albion have tabled a £30 million bid to sign Croatian teenager Luka Vuskovic, 19, from Tottenham Hotspur, according to reports.

Besiktas are in advanced negotiations with Arsenal forward Leandro Trossard, 31, over a potential £20 million exit for the Belgian winger.

Galatasaray have set their sights on Aston Villa's Emiliano Buendia, 29, with Unai Emery's side reportedly exploring West Ham's Crysencio Summerville, 24, as a possible replacement.

Finally, Barcelona are looking to move on out-of-favour goalkeeper Marc-Andre ter Stegen, 34, with Ajax understood to be the likely destination for the veteran German international.