Top clubs across Europe are still looking to boost their squad ahead of the new season, and clear out their wage bill as well.
With that in mind, here's a look at the latest transfer rumours from around the world.
Guardiola draws up four-man shortlist to replace Aguero
Manchester City boss Pep Guardiola has reportedly named a four-name shortlist to replace Sergio Aguero, who is set to leave the club at the end of the season.
According to The Times, the City boss has narrowed down his options, and has named four players he believes could replace Aguero in his side. Those include, Tottenham's Harry Kane, Borussia Dortmund star Erling Haaland, Inter's Lautaro Martinez, and Eintracht Frankfurt's Andre Silva. Aguero will be leaving the Etihad after spending a decade with the Premier League champions, and Guardiola is expected to be backed by the club as he looks to bring in a replacement for the prolific striker.
Man United to bid Varane
Manchester United are reportedly lining up a £40million bid for Real Madrid's Raphael Varane with Ole Gunnar Solskjaer keen to add the defender to his backline.
According to the Mirror, Solskjaer believes Varane is the man who can help tighten the screws alongside captain Harry Maguire. The 28-year-old has one year left on his contract with Los Blancos and United believe they can secure his signature for around £40m.
Barca prioritise signing Haaland
Barcelona will reportedly prioritise signing Erling Haaland in the summer over tying down Lionel Messi to a new contract.
According to the Daily Mail, Barca president Joan Laporta believes it makes sense for the club to prioritise the signing of Haaland ahead of the renewal of Messi's contract, despite the club facing debts of £1bn.
Ronaldo's agent rules out Sporting return
Jorge Mendes has claimed his client, Cristiano Ronaldo, has no plans to return to Sporting in the summer. The 36-year-old has been linked with an exit at Juventus as he enters the final 12 months of his contract.
Mendes told Record: "Cristiano is proud of the title won by Sporting, in fact, as he has publicly demonstrated. But at the moment his career plans do not go through Portugal".