Real Madrid are preparing a £130 million bid for Bayern Munich winger Michael Olise, with the move contingent on Florentino Perez retaining the club's presidency. The 24-year-old France international has emerged as one of the most coveted attackers in European football.

Slot rejects Fulham as managerial carousel spins

Arne Slot, dismissed by Liverpool last week, has turned down the opportunity to replace Marco Silva at Fulham. Silva has confirmed he will be departing Craven Cottage, leaving the club searching for a successor. Chelsea striker Liam Delap, 23, could follow a familiar face to west London — sources suggest he may join Fulham if his former Ipswich Town boss Kieran McKenna lands the role.

Alvarez stays put as Arsenal interest goes nowhere

Barcelona's pursuit of Julian Alvarez has hit a wall. Atletico Madrid are reportedly planning their next campaign with the 26-year-old Argentina striker firmly in their squad. While Arsenal have registered an interest, Alvarez is said to be unenthusiastic about relocating to London.

Glasner ahead in AC Milan race

Former Crystal Palace manager Oliver Glasner holds the advantage over USA coach Mauricio Pochettino in the race to become the next AC Milan head coach, according to Italian reports. AC Milan forward Rafael Leao, 26, has added to the club's uncertainty by declaring he craves a new challenge — the Portugal international has identified the Premier League or La Liga as his preferred destinations.

Newcastle close in on first summer signing

Newcastle United are on the verge of completing their first transfer of the summer, with a £24 million agreement reportedly reached for Reims goalkeeper Ewen Jaouen. The 20-year-old French shot-stopper is set to become the club's opening piece of business for the new window.

RB Leipzig hold firm on Diomande

RB Leipzig remain confident that Yan Diomande will not be leaving this summer despite Liverpool's mounting interest in the 19-year-old Ivory Coast forward. The German club are holding their ground as they plan for the season ahead.

More moves and manoeuvres

Tottenham manager Roberto de Zerbi is keen for Croatia defender Luka Vuskovic, 19, to leave the club before the new season. Newly promoted Hull City are exploring a deal to sign Venezuelan winger Luis Fernando Carrero, 19, from Deportivo Tachira, with a potential loan to NK Maribor to follow. Everton have opened talks with Middlesbrough over English midfielder Hayden Hackney, 23, though the Toffees' initial offer falls well short of Boro's asking price. Finally, Barcelona are monitoring Chelsea's Marc Cucurella, 27, and could move for the Spain defender if Alejandro Balde, 22, departs the Camp Nou this summer.