Newcastle could have to sell prized asset Allan Saint-Maximin in a bid to raise funds and offset their spending - leaving Premier League rivals such as Tottenham and Chelsea on alert (Mail).
Manchester United are in pole position to sign Christian Eriksen thanks to Tottenham's decision to pull out of the race and also have fresh hope of completing a deal for Ajax starlet Jurrien Timber (Mirror).
Cristiano Ronaldo is reportedly concerned about a lack of transfer activity from Manchester United and could even leave the club before the end of the window (Daily Star).
The Red Devils are open to offers of just £20m for Anthony Martial but accept even that fee may deter suitors (Mirror) while Brandon Williams will be allowed to leave Old Trafford for £10m as the defender is deemed surplus to requirements (Sun).
Raheem Sterling will only consider leaving Manchester City if he is able to play regular first-team football at a club that are competing for the Champions League and the biggest domestic trophies (Times).
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Former Barcelona director Toni Freixa has slammed his former club's attempts to sell fans 'smoke' as he warned them big-money signings will not arrive at the Nou Camp this summer (Mail).
Chelsea transfer target Ousmane Dembele has reportedly told Barcelona boss Xavi he would like to stay at the Nou Camp - with Blues players now urging boss Thomas Tuchel to make a £50m transfer move for 'fiery' Everton striker Richarlison to replace Romelu Lukaku (Sun).
Arsenal have reportedly offered Manchester City forward Gabriel Jesus a contract worth around £264,000-a-week to move to the Emirates (Mirror) but the Gunners fear they could be left stuck with flop Nicolas Pepe this summer (Sun).
The Gunners are ready to shelve a move for Dominic Calvert-Lewin after having second thoughts about the Everton striker (Daily Star) while a deal for Leicester midfielder Youri Tielemans is also in doubt with Mikel Arteta putting his faith in Albert Sambi Lokonga (Mirror).
Latest transfer news and updates
Tottenham are ready to rival Arsenal in the race for Raphinha - but both clubs could miss out on the Leeds playmaker (Daily Star).
Gareth Bale has lifted Cardiff's hopes of a sensational move to his hometown club after a chance meeting with Steve Morison (Sun).
Crystal Palace are set to win the race for Derby's 18-year-old winger Malcolm Ebiowei over Manchester United and Monaco (Sun).
Nottingham Forest have found a breakthrough in talks to sign Manchester United goalkeeper Dean Henderson on loan (Express).
Aberdeen want to add Liam Boyce to their summer signing spree - but face competition for the Hearts hitman from Ipswich (Scottish Sun).
Argentinian Alexandro Bernabei is set to arrive in Scotland before the end of the week to complete his medical ahead of signing a five-year deal at Celtic, according to a report in his homeland (Daily Record).
Celtic have been joined in the race to sign Connor Barron from Aberdeen with two Serie A clubs tracking the Scotland U21s star while Fenerbahce are set to battle the Bhoys for Vinicius Souza's signature (Daily Record).
Michael Edwards, the architect of Liverpool's recent successes in the transfer market, is among the options being considered by Chelsea to become their new sporting director (The Times).