Look: Manchester United close in on Rabiot and Arnautovic

Manchester United have reached an agreement with Juventus for France midfielder Adrien Rabiot, 27, for an initial £15m.

But the Old Trafford club have had a £7.5m bid rejected by Bologna for 33-year-old Austria forward Marko Arnautovic. The Red Devils are set to come back with an improved offer for the former West Ham striker.

Chelsea are preparing to offer a world record fee for a defender in a bid to sign French centre-back Wesley Fofana, 21, from Leicester City.

Barcelona's former Spain defender Gerard Pique, 35 is set to agree a second pay cut in 12 months as the club try to register new signings before the start of the new La Liga season.

West Ham have accepted a £15m offer from Fulham for 25-year-old French defender Issa Diop, who is expected to sign a five-year deal with the Cottagers.

Monaco are keen to sign Manchester United's 28-year-old Ivory Coast defender Eric Bailly.

Leicester and Southampton are on alert after England winger Callum Hudson-Odoi, 21, asked to leave Chelsea on loan before the transfer window shuts.

Chelsea and Germany forward Timo Werner, 26, is close to a permanent return to RB Leipzig.

Liverpool are keen on a swap deal for Inter Milan's Croatia midfielder Marcelo Brozovic, 29, with Brazil forward Roberto Firmino, 30.

Everton are set to welcome former player Idrissa Gana Gueye (right) back to Goodison Park. The midfielder was sold to Paris Saint-Germain three years ago but now looks set to return to the Premier League with the Toffees.