Real Madrid are prepared to let Vinicius Junior leave if the Brazil winger does not agree to a new contract, according to reports — with the Spanish giants reportedly unwilling to improve on their existing renewal offer. A separate report from Marca indicates that Real Madrid have already presented the player with a final, take-it-or-leave-it proposal.

Arsenal close in on two major signings

Arsenal, who have been heavily linked with Vinicius Junior, have simultaneously moved to secure Bruno Guimaraes from Newcastle. The north London club have reached an agreement in principle worth £77 million plus add-ons for the Brazil midfielder, with a medical pencilled in for next week.

Chelsea escape points deduction

Chelsea have avoided a 15-point deduction — a penalty that would have sent them down from the Premier League — after self-reporting payments made to unregistered agents. The club's co-operation with the subsequent investigation is said to have been a decisive factor in the outcome. Meanwhile, Como have re-entered talks over Chelsea defender Trevoh Chalobah.

Jones attracts Italian interest

Inter Milan are reportedly prepared to pay £30 million to sign Liverpool midfielder Curtis Jones. The Italian club have signalled their intent, though no formal deal has been confirmed.

City, Villa, and Brighton on the move

Manchester City intend to press forward with a move for Ayyoub Bouaddi regardless of uncertainty surrounding Rodri's future at the Etihad Stadium. Aston Villa have made an enquiry about Palmeiras striker Allan, while Brighton are close to finalising a deal for Blackburn's 18-year-old striker Valentin Joseph.

FIFA sell-off collapses

FIFA's high-profile attempt to sell a stake in its commercial operations to private investors has fallen apart, derailed by a worldwide revolt among football officials and a significant split within the organisation's own leadership. The fallout has placed president Gianni Infantino under pressure, with reports suggesting his proposed £15 billion World Cup sell-off has fractured his inner circle.

Scottish and EFL round-up

Celtic and Rangers may be headed for a transfer tug-of-war after Celtic reportedly renewed their interest in winger Fares Ghedjemis. Rangers defender John Souttar continues to feature on Leicester City's list of targets as his club future remains uncertain. In the EFL, Stoke and Preston are both targeting Ipswich and Scotland striker George Hirst.