The buildup to the summer transfer window has now begun, with rumours and speculation continuing to swirl as Real Madrid eye possible reinforcements.

Florentino Perez oversaw a significant overhaul of his squad during the summer before focusing more on youth in January. As is always the case with Madrid, though, some of the biggest names in football continue to be linked.

Here, Sports Mole rounds up the latest news of possible comings and goings at the Bernabeu.

Tuesday morning's Real Madrid transfer talk news roundup:

Manchester City 'still in talks over Ferran Torres deal'

Manchester City are reportedly locked in negotiations with Valencia over a potential summer deal for winger Ferran Torres.

The Spaniard registered four goals and five assists for the La Liga outfit during the 2019-20 league campaign, but Torres now has under a year left to run on his current deal with Valencia.

City are believed to be leading the race for the 20-year-old's signature, but Valencia's valuation of Torres has supposedly hindered negotiations between the two clubs.

According to the Daily Mail, the La Liga outfit are holding out for a fee of £40m in spite of Torres's contract expiring at the end of next season.

The report claims that Torres is hopeful of a deal being reached, but Valencia are playing hardball and have also enquired about the possibility of City midfielder Yangel Herrera, who spent the 2019-20 campaign on loan at Granada, being included as part of a deal.

Manchester United, Real Madrid and Juventus are also said to be keeping a close eye on developments surrounding the future of Torres.

Borussia Dortmund 'open talks for Jadon Sancho replacement'

Borussia Dortmund have reportedly put plans in place for Jadon Sancho's departure by opening talks with Lille attacker Jonathan Ikone.

Sancho has been tipped to depart the Westfalenstadion this summer on the back of a campaign that saw him register 20 goals and 18 assists in all competitions.

Manchester United are the strong favourites to snap up the England international, while Real Madrid and Barcelona have also previously been credited with an interest.

BVB are standing firm on their hefty valuation for Sancho, believed to be in excess of £80m, but The Times claims that the club are now preparing for his possible sale.

Lille star Ikone is said to have been eyed up as Sancho's direct replacement after impressing in Ligue 1 in 2019-20.

The 22-year-old, capped four times by France at senior level, is supposedly available for around £41m.

More transfer news from Real Madrid:

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