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>Manchester United are favourites to sign Barcelona's Spanish midfielder Thiago Alacantara, 22, who would cost £15m. Thiago scored a hat-trick as Spain Under-21s beat Italy 4-2 in the final of the European Championships on Tuesday.
>Barcelona are targeting a £30m deal for Chelsea midfielder Juan Mata following rumours that new Blues manager Jose Mourinho is unconvinced by the Spaniard, 25.
>Napoli striker Edinson Cavani, 26, will reject a move to Manchester City to join Real Madrid in a £55m deal. The Uruguay international has also been linked with Chelsea.
>Liverpool are in advanced negotiations to sign Porto's Ghanaian winger Christian Atsu, 21.
>The Reds also expect to complete the £6m transfer of Sevilla attacking midfielder Luis Alberto, 20, by Thursday.
>The package that takes England striker Andy Carroll from Liverpool to West Ham could cost the London club a total £55m. The 24-year-old, who has passed a medical at Upton Park, will cost up to £19m and will sign a six-year £100,000-a-week deal.
>Fulham hope to sign Liverpool defender Andre Wisdom, 20, on loan for next season.
>Aston Villa are looking to sell striker Darren Bent, 29, for a fee in excess of £8m.
>Crystal Palace, Swansea, Fulham and Norwich have all made £2m offers for Birmingham and England Under-21 winger Nathan Redmond, 19.
>Everton are in talks with Granada to sign Brazilian left-back Guilherme Siqueira, 27.
>Birmingham have dismissed speculation that Blackpool left-back Stephen Crainey, 31, could join them.
Royal Ascot: Day Two
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Come watch some quality racing at Ascot, live on Channel 4 now.
>Clare Balding and Nick Luck present live coverage of the second afternoon of the five-day festival, featuring races at 2.30, 3.05, 3.45, 4.25, 5.00 and 5.35. With commentary and analysis by Simon Holt, Jim McGrath, Graham Cunningham, Tanya Stevenson and Brian Gleeson, and reports by Emma Spencer, Rishi Persad, Mick Fitzgerald and Gina Bryce.
Streams: http://watchlive.channel4.com/ (Use UK postcode)