The transfer window that operates during the close season of the European football calendar is a period of fervent business in the buying and selling of some of the world’s most talented players. Goalmouth will keep you up-to-date with the latest spin from the transfer markets until deadline day of August 31.

Heard any rumors? Let us know by adding a comment at the bottom of the page or check out CNN’s guide to the 20 most wanted football players:

Samuel Eto'o is still making the news on the back of yesterday's wage revelations. Amazingly The Sun reports the Barcelona superstar is demanding a $21 million signing-on fee on top of the $400k weekly wage. City, according to the tabloid, feel this is a bit rich even for their blood and could now pull out of the deal. Whoever said today's footballers were greedy?

Arshavin quiet about his intentions to move? Not likely.

The Sun also claims Arsenal’s five-month-old signing Andrei Arshavin would move to Barcelona given the chance. The striker, who signed with the Gunners in a $28 million deal earlier in the year, has shocked the Emirates' residents, but will Arsene Wenger let his man go so soon?

Chelsea are hungry to splash the cash if The Mirror is to be believed. Blues boss Carlo Ancelotti has agreed a four-year $28 million deal with CSKA Moscow’s Yuri Zhirkov along with transfers for Manchester City’s Daniel Sturridge and Middlesbrough goalkeeper Ross Turnball.

And flipping through the channels on the box, Sportitalia claims Chelsea could add more to their squad if Inter’s Maicon gives a thumbs up to the club this week. According to reports from the network, it is probable the Brazilian, who helped his team win Confederations Cup on Sunday, will make the move to Stamford Bridge.

Finally L'Equipe tells of transfer news in Germany, it looks like VfL Wolfsburg are eager to sign Algerian playmaker Karim Ziani. Wolfsburg made a $14 million bid for Marseille’s man in the hopes of getting him to the Bundesliga. It appears the midfielder is unhappy with the idea of not having a starting spot next season, resulting in his contemplation over the generous bid.

The transfer window that operates during the close season of the European football calendar is a period of fervent business in the buying and selling of some of the world’s most talented players. Goalmouth will keep you up-to-date with the latest spin from the transfer markets until deadline day of August 31.

Heard any rumors? Let us know by adding a comment at the bottom of the page or check out CNN’s guide to the 20 most wanted football players:

Making ripples in the news pond of transfer gossip today are reports that Cameroon hit man Samuel Eto'o could be leaving European Champions Barcelona. The Sun reports that Manchester City have offered to make the Indomitable Lion the highest-paid player on the planet with a whopping $415,000 a week as well as paying $40m to prise the player from the clutches of the Catalan club.

Eto'o looks set to become the highest paid player in the world.

Elsewhere The Mirror focus on the grapple Liverpool boss Rafa Benitez is currently having with Barcelona in a bid to secure the transfer of Spanish youngster Jesus Fernandez.

The one dubeed "Suso" is an attacking midfielder who currently plays for Cadiz and is seen as the perfect recruit for Benitez aims to replenish his squad the best young talent he can find.

The Daily Mail concentrates on news from Liverpool's city rivals Everton, where boss David Moyes has his eyes set on Sweden's Marcus Berg.

The Toffees will need to stump up around $16m for the Groningen striker who has been full of goals at the recent European Under 21 Championship, though Ajax are expected to make a similar offer.

Inter midfielder Maicon has done nothing to clear up the rumors about his future. The Brazilian, who is fresh from helping his side retain their Confederations Cup title with a 3-2 win over the USA in South Africa, said “My future? Let’s see, I do not know” according to the Italian sport paper La Gazzetta Dello Sport.

It's thought the defender wants to stay with the Italian champions but not on his current deal.

According to L’Equipe there are rumors of Souleymane Diawara – leaving Bordeaux for Marseilles. The move for the 30-year-old Teranga Lion defender could see Adil Rami drafted in as a replacement. The Moroccan stopper, who is currently with Lille, will cost $10m to lure if the gossip is to be believed.

The other alternative for Bordeaux is Ronald Zubar – who is set to leave Marseilles for England’s Wolverhampton Wanderers in a $2.4m transfer. The French club will need to get in quick, however, as Zubar is due to have a medical and sign on the dotted line with the newly promoted Premier League side by Tuesday.

Finally, in a rhyming finish, Skysports reports Tim Borowski could be heading back to former club Werder Bremen despite interest from English side Aston Villa. The defender has been told by new coach Louis van Gaal that there is no future for him at Bayern Munich, paving the way for his departure.

Villa boss Martin O'Neil is also thought to be tracking the 29-year-old as he looks to find a replacement for Gareth Barry.

The transfer window that operates during the close season of the European football calendar is a period of fervent business in the buying and selling of some of the world’s most talented players. Goalmouth will keep you up-to-date with the latest spin from the transfer markets until deadline day of August 31.

Heard any rumors? Let us know by adding a comment at the bottom of the page or check out CNN’s guide to the 20 most wanted football players:

Let’s kick this rumor day off in England, where reports from The Guardian suggest Emmanuel Adebayor may top AC Milan’s target list, but this will only happen if the Italian giants fail to sign Wolfsburg striker Edin Dzeko. Adriano Galliani said: "If we fail to get Dzeko then Luis Fabiano could be an alternative – as could Adebayor."

Milan set their sights on Adebayor.

Adding to the Rossoneri's list of targets is Adebayor's teammate Cesc Fabregas. Rumors were swirling the past few weeks about Andrea Pirlo making a move to Chelsea. Italian newsmakers Corriere dello Sport have kept up the momentum claiming that Milan will try to sign the Spaniard, who has a $58 million price tag, to fill his vacant spot.

Back in England, Manchester United may be a step closer in their $49 million capture of Karim Benzema, despite their power struggle with Real Madrid. According to reports from The Daily Star, Lyon is looking to nab Porto striker Lisandro Lopez, indicating Benzema may be shipped out.

Continuing their tug-of-war with Real, Manchester United is upping the ante by offering Portuguese winger Nani to Wigan, so claims The Mirror. It seems the Red Devils are trying to win the Antonio Valencia deal by adding more bait to their hook. What tricks does Los Blancos have up their sleeve to fight back?

Meanwhile, United continue to grace The Mirror pages as they prepare to make a $66 million bid for David Villa. Despite the Spanish international ruling out a move to the Premier League, the Red Devils are hopeful of signing the Valencia superstar since rivals Los Merengues fell out of the race. But Barcelona are close on their heels with bids of their own.

Ribery me this. Ribery me that. Reports out of France are saying Bayern Munich president Karl-Heinze Rummenigge will not sell Franck Ribery. Speaking to L’Equipe, he said: “Ribéry is among the three best players in the world and when you have a player of this quality…he does not leave, even for a lot of money.”

Ending off back in England, it seems Peter Crouch’s weekly pay check is too rich for Sam Allardyce’s blood. The Sun reports the Portsmouth striker’s $1 million–a-week wage is breaking the Blackburn bank, which means Allardyce might have to look somewhere else for his Roque Santa Cruz replacement.

The transfer window that operates during the close season of the European football calendar is a period of fervent business in the buying and selling of some of the world’s most talented players. Goalmouth will keep you up-to-date with the latest spin from the transfer markets until deadline day of August 31.

Heard any rumors? Let us know by adding a comment at the bottom of the page or check out CNN’s guide to the 20 most wanted football players:

A few days ago it was reported that Manchester United were looking to acquire whiz kid Douglas Costa from Gremio, but today The Guardian is claiming that the Brazilian’s club will not allow the “new Ronaldinho” to go on trial at Old Trafford. The club was looking to see Costa in action before making a $29 million bid, but Gremio’s president has said “that this will not happen.” Looks like the money United received from the Ronaldo sale will continue to burn a hole in Alex Ferguson’s pocket.

Will Gremio let United near their golden gem?

And the fun continues in Britain as the battle between the Red Devils and Los Blancos intensifies. According to The Daily Mail ,Wigan Athletic winger Antonio Valencia will finally decide if he would rather stick out the England weather or move to a warmer climate. Speaking to The Mail, Wigan chairman Dave Whelan said “one club could offer $3 million more than the other but if Antonio says he doesn't want to go there then there is no point. We can't tell him where he wants to go.” No matter what happens someone may go home crying.

Meanwhile, the appeal for Arsenal's Cesc Fabregas continues after the Spaniard made some interesting comments about his club to The Sun. The rumor spreading tabloid are saying Fabregas, who has a price tag of around $73 million, is still being chased by Spanish rivals Barcelona and Real Madrid.

Hopping on the train to the Rhone-Alpes in France, next up is Lyon who told L’Equipe that no negotiations about Karim Benzema had occurred between the Ligue 1 side and Spanish giants Real Madrid. Despite reports to contrary, the club have said “Benzema and Olympique Lyon have confirmed their initial desire that the player wanted to stay one more year in Lyon.” Looks like Madrid are going to have to fish in different water yet again.

To the Italian peninsula now, where it looks like AC Milan might get their main transfer target after all, despite Wolfsburg’s persistence not to sell Edin Dzeko. According to the pink paper Gazzetta dello Sport, Dzeko would love to play for the northern club, but it seems the German giants are shopping around for a replacement. Whatever happens, one thing is for sure, by the weekend football fanatics will know if the Bosnian is going to wear the red and black stripes next season.

The rumor day ends where it started, back in England, and with Roque Santa Cruz packed and well on his way to Manchester, Blackburn boss Sam Allardyce needs to find that special someone to fill the hole. The bullseye he is looking to hit goes by the name of Peter Crouch, claims English paper The Daily Star. Maybe Allardyce can finally nab the England international after failing on past occasions.

The transfer window that operates during the close season of the European football calendar is a period of fervent business in the buying and selling of some of the world’s most talented players. Goalmouth will keep you up-to-date with the latest spin from the transfer markets until deadline day of August 31.

Heard any rumors? Let us know by adding a comment at the bottom of the page or check out CNN’s guide to the 20 most wanted football players:

Yesterday Manchester United was across the pond in the southern hemisphere looking at their potential Ronaldo replacement, but today their heading deep into enemy territory. United boss Alex Ferguson is turning his sights towards Spain. British paper The Daily Star is claiming the Red Devils want to add $63 million striker Sergio Aguero to their line-up after giving up on their power struggle to take David Villa from Real Madrid’s clutches.

Could Aguero become a Red Devil?

But it seems that big spenders Real Madrid do not want Villa anymore. After attempts to secure the Valencia striker were struck down, Los Blancos are now diving head first into the Lyon pool. Reports are flying out of The Daily Mail that Karim Benzema is next on their hit list, but it sounds like they are trying to sneak in under the noses of rivals Manchester United who are also vying for the French international's signature.

We head on down to London town next, where Arsenal has offered Emmanuel Adebayor to AC Milan and Inter, or so The Mirror says. It seems the Gunners would rather see Adebayor shipped off to the Italian north than wear the Chelsea colors.

But hold on. Let's back the transfer train up. Britain’s top rumor spreading press, The Sun, are saying Adebayor’s agent have not received, nor heard any offers from Chelsea. The representative said “As of today, I have not even got evidence to speak of presumed interest from Chelsea…it's a given fact that Carlo Ancelotti likes the player seeing that last year he tried to sign him for Milan, although Chelsea have not contacted us.”

Despite having never contacted Arsenal, Chelsea has apparently been scouting in Russian territory, specifically with Yuri Zhirkov in their sights. Word out of the London Evening Standard says that the CSKA Moscow left back is expected to complete a $30 million deal by the end of next week and has been told he will make a regular appearance on the pitch.

It has been a busy day for transfer news, who knows what tomorrow will bring.

The transfer window that operates during the close season of the European football calendar is a period of fervent business in the buying and selling of some of the world’s most talented players. Goalmouth will keep you up-to-date with the latest spin from the transfer markets until deadline day of August 31.

Heard any rumors? Let us know by adding a comment at the bottom of the page or check out CNN’s guide to the 20 most wanted football players:

Well, what would a transfer rumor day be without Real Madrid? It would be like England without John Terry. This summer may go down as “the summer of the shift” as Real Madrid continues to flex its spending muscles. Marca reports that Los Blancos have offered $73 million from their money bag for Liverpool duo Xabi Alonso and Alvaro Arbeloa.

Alonso could be set to return home in a move to Real.

It looks like Madrid is still hopeful of obtaining Alonso despite having their $37 million offer thrown out the window. As for Arbeloa, he might make his trip to Santiago Bernabeu for $15 million. Whatever comes out of this, one thing is definitely for sure. Real Madrid is still hungry for more big name signings.

But despite the Spanish-English power struggle, Manchester United is going out to prove that the Premier League still has muscle by looking for their Ronaldo replacement and it seems they might have found him. According to The Daily Mail, the 18-year-old Gremio midfielder Douglas Costa, dubbed “the new Ronaldinho”, has a $29 million price tag that might cause the Red Devils to squirm a little. Costa’s agent said "I don’t believe that (Manchester United) will reach this figure. Right now, an offer might come in at a maximum of $11 million. But this would not be enough for [Gremio] president Duda Kroeff." Will the Ronaldinho wonderkid have his chance to don the red kit?

From the North West of England we head down to the streets of London, where Chelsea have finally set the record straight. They did not have an interest in Inter Milan’s Zlatan Ibrahimovic, reported The Telegraph. They do, however, have a continued interest in Bayern Munich’s French sensation Franck Ribery and AC Milan’s playmaker Andrea Pirlo, whose sale price is around $33 million.

But stop the press because Milan big-wig Adriano Galliani would just like to clear the air. “We have not received any offers for Pirlo, not from Chelsea or any other club.” British tabloid rumor-makers The Sun claimed that Milan owner Silvio Berlusconi also came forth to say his club had not been given any offers for the midfielder. However, if the price is right he would be willing to ship him off. Pirlo has been a devoted Milanese since 2001, but would he consider a move to the Premier League?

Following the announcement of Manchester City signing Roque Santa Cruz , The Telegraph reported that City are sinking their claws into Carlos Tevez next. The Eastlands club are hopeful of closing a $41 million deal on July 1.

Departing from England, we head over to Italy and following an embarrassing display of football on Sunday, it seemed some good news was much needed for Fabio Grosso. Reports from Tuttosport claim the left back might make a return to Serie A’s Juventus for around $3 million. In return, Lyon are looking to take winger Mauro Camoranesi off The Old Lady’s hands. Looks like she might have to ask for a little more to get her money’s worth.

We will end this transfer day in Germany, where Danijel Pranjic will soon be taking up residence. The Croatian international signed an $11 million deal with Bayern Munich. But here’s the catch. Voetbal International has reported that Pranjic had to dig deep into his pockets for the rest of the fee before it could be completed. It seems the German giants did not want to pay more than $10 million.

The transfer window that operates during the close season of the European football calendar is a period of fervent business in the buying and selling of some of the world’s most talented players. Goalmouth will keep you up-to-date with the latest spin from the transfer markets until deadline day of August 31.

Heard any rumors? Let us know by adding a comment at the bottom of the page or check out CNN’s guide to the 20 most wanted football players:

We kick off in France today where Lyon president, Jean- Michel Aulas, revealed his desire to keep Karim Benzema for one more year. However, Aulas will not rule out any offers made in the region of $65 million.

Benzema could be the next big transfer to happen in Europe.

According to The Independent, Real Madrid, Chelsea and Manchester United have all been linked with the 21-year-old French international.

Marca have reported that Real Madrid's attempts at signing Valencia superstar David Villa came to a grinding halt. Galacticos' president Florentino Perez decided to end his pursuit of the Spanish international, leaving the door open for Chelsea to pounce on the deal. Despite this draw back, many football enthusiasts still think Villa will leave cash strapped Valencia this summer.

Reports from The Telegraph said senior officials from Manchester City and Barcelona met this week to discuss the possible sale of Samuel Eto’o. The Catalan giants are willing to sell the Cameroon international, but for the right price. This comes after Eto'o failed to sign a new deal beyond his final year at the Nou Camp.

In Germany, BILD claimed Stuttgart will be monitoring Real Madrid’s Dutch marksman Klaas-jan Huntelaar. With Real’s summer spending spree well underway, the forward's opportunities may be limited next season. The 25-year-old has also been linked with several other European clubs including Juventus, Tottenham, Lyon and Manchester United.

Over in England, The Sun have claimed Glen Johnson is ready to snub Liverpool in favour of former club Chelsea. Portsmouth, whose financial troubles have been well documented, have reportedly accepted a $28 million offer from the Blues. It's all up to the England international now, who has expressed a desire to play Champions League football.

The Sun also reported that striker Carlos Tevez is willing to finally put pen to paper on a deal to keep him at Manchester United, provided he is the highest earner at the club. If the deal goes through, his wages will reportedly increase by $25,000 a week.

The transfer window that operates during the close season of the European football calendar is a period of fervent business in the buying and selling of some of the world’s most talented players. Goalmouth will keep you up-to-date with the latest spin from the transfer markets until deadline day of August 31.

Heard any rumors? Let us know by adding a comment at the bottom of the page or check out CNN’s guide to the 20 most wanted football players:

We kick it all off in Germany, where Bayern Munich have angrily come out to deny the reports swirling around the club’s star player Franck Ribery, stating they are “untrue and incorrect”.

The Reds, who finished second in the Bundesliga last season, were outraged when BILD published a story claiming the board of directors decided to allow Ribery “to leave the club for an appropriate transfer fee”.

In response to the inaccurate claims, Bayern’s directors have issued a statement on the club’s Web site clarifying that they have "unanimously resolved not to offer the player Franck Ribery for sale.”

From Germany, we fly over to Britain where The Mirror reports another Italian thoroughbred is keen to link up with Carlo Ancelotti. AC Milan playmaker Andrea Pirlo has become the latest from the San Siro to let his intentions regarding Chelsea be known.

"It's possible that I could join Ancelotti in London. He is a great coach, perhaps I could play with him again," the player speculated.

Ancelotti ponders his prey in the transfer market.

This comments follow yesterday's report in the same newspaper that fellow Milanista Gennaro Gattuso was so heartbroken over losing Ancelotti that the Italian international issued a come-and-get-me-plea to the man he calls "a second father."

Staying on the Italian theme, Roma fans continue to hold their breath as Manchester United renew their interest in one of the side's beloved players.

The Daily Mail says striker Mirko Vucinic is back on the radar of United, a place he’s been making blips for the past two years. Vucinic hopes the Red Devils will come up with a definite offer as United look to fill the void left by Ronaldo by signing another player capable of filling multiple positions and with an eye for the back of the net. Vucinic could be a perfect fit.

Over in Spain, Real Madrid president Florentino Perez is looking to strengthen his growing army with more European talent. This time all roads lead to Rome, as Real moves on the second phase of their spending spree. Reports in Spain's El Mundo Deportivo, claimed Roma midfielder Daniele De Rossi has caught the eye of Perez, but the Italian international has stated he wants to remain a Giallorossi.

Also in the sights of Perez is Arsenal ace Cesc Fabregas, who is currently performing at the Confederations Cup. The Spaniard, however, has other things in mind for the moment. Mainly honoring his commitment to play for Arsene Wenger.

And it looks like the Spaniards will continue to rule the headlines this week. David Villa stated last night he made a decision about his future, but wouldn't reveal who the lucky club would be. Today Marca is claiming the Spanish international will be planting his feet in Real Madrid's Santiago Bernabeu. Despite The Sun claiming yesterday that Villa told close friends he would leave Spain if it was to make a home in Liverpool. Villa wants to join forces with fellow compatriots Rafa Benitez and Fernando Torres; however, the Liverpool manager has never put in an offer. It seems the Anfield outfit cannot compete with the bottomless bags of money that Madrid and Barca have.

We'll end the speculation vacation with a trip to England, where horns are locking at Anfield. Strong statement to make, but after word came out that Javier Mascherano's agent held talks with Barcelona last night, it might just happen. The Telegraph is saying that despite Rafa Benitez reiterating Mascherano will not move, the Argentine has claimed he would if Barca made the offer. Can Rafa keep his coveted midfielder within arm's reach?

The transfer window that operates during the close season of the European football calendar is a period of fervent business in the buying and selling of some of the world’s most talented players. Goalmouth will keep you up-to-date with the latest spin from the transfer markets until deadline day of August 31.

Heard any rumors? Let us know by adding a comment at the bottom of the page or check out CNN’s guide to the 20 most wanted football players:

Following on from yesterday's revelations that Real Madrid are keen to offload many of their squad, it seems that English Premier League side Tottenham Hotspur could be the main beneficiary. According to the Daily Mirror Spurs chairman Daniel Levy is thrashing out a $60m deal to sign winger Arjen Robben, striker Klass-Jan Huntelaar and defender Gabriel Heinze.

Could signings made by Harry Redknapp's Tottenham help boost Real Madrid's transfer kitty?

Which would be good news for Real's bank balance before the Spanish giants plan to spend big once more.

British tabloid The Sun confirm Real are now front runners in the race to sign Bayern Munich winger Franck Ribery, despite interest from Barcelona, Chelsea and Manchester United.

Of course, a transfer wouldn't be complete without a report stating the complete opposite from a rival newspaper.

Thankfully the Guardian report Chelsea are actually the favorites to sign Ribery as Real are not happy with the price tag put on the France international. So that's that cleared up then.

Spanish sport paper Marca lead their speculation today with news that Cristiano Ronaldo is set to become the highest paid player in the world when he completes his move from Manchester United.

Marca say his wages will be $18m a season which is twice that of current club captain Raul.

Meanwhile, L'Equipe says that Arsenal, Lyon and Paris Saint Germain are waiting to pounce on French under-21 international Mouhamadou Dabo after the defender has refused to sign a contract extension with Saint Etienne.

The full back told the paper: "For now I am thinking of my treatment. I will then go on holiday and let my agent think of [potential transfers]."

The transfer window that operates during the close season of the European football calendar is a period of fervent business in the buying and selling of some of the world’s most talented players. Goalmouth will keep you up-to-date with the latest spin from the transfer markets until deadline day of August 31.

Heard any rumors? Let us know by adding a comment at the bottom of the page or check out CNN’s guide to the 20 most wanted football players:

Franck Ribery is the new king of the transfer gossip after former rulers Kaka and Cristiano Ronaldo have had their futures made more clear. The Daily Mail says that Bayern Munich chief Karl-Heinz Rummenigge has confirmed Manchester United, Chelsea, Real Madrid and Barcelona have made an approach for the Frenchman.

Ribery looks to pastures new?

Despite the clamor from the big clubs Rummenigge says:"These are big names, but Franck has a contract with us and will be staying in Munich."

Spanish sports daily AS thinks otherwise, however, as it has the inside track on the story. They've learned from Ribery's family, who are currently holiday in Ibiza that he only wants to go to Madrid. How's that for an impeccable source?

One big-money deal that looks set to go through is England international defender Glen Johnson from cash-strapped Portsmouth to Premier League giants Liverpool. The Times reported that a $27 million bid has been accepted. A Pompey club spokesman told CNN that "we've made no secret that we are open to offers for Johnson," but could not confirm the deal "at the moment."

Meanwhile, The Guardian in Britain reports that Real Madrid are desperate to raise some cash by flogging their current squad. ­Nine players are being offered to Premier League clubs including Arjen Robben, Ruud van Nistelrooy, Gabriel Heinze, Klaas-Jan Huntelaar, Wesley Sneijder, Rafael van der Vaart and Royston Drenthe. The defensive midfielder Mahamadou Diarra and the striker Javier Saviola have also been made available.

Elsewhere, Carlos Ancelotti has been in contact with Argentina's Carlos Tevez to try and scupper the forward's move to Manchester City. The Sun says the Blues boss called the striker personally and did a great job of selling his side to the diminutive hotshot.

In Spain Marca is confident that David Villa will indeed be heading to the capital despite problems with negotiations. The sports paper runs with an interview with Jorge Valdano, Real's sport director, who says that a deal was agreed with Valencia for the player but that a late offer of by Barcelona may have scuppered the move. Real will move no further according to Valdano.