Wolverhampton Wanderers have reportedly agreed a £27.5m deal with Valencia to sign forward Goncalo Guedes.
The 25-year-old has spent the last five years with Los Che, recording 36 goals and 30 assists in 178 appearances across all competitions.
Guedes was an influential figure under former boss Jose Bordalas last season, contributing to 17 goals in 36 La Liga games last season.
However, BBC Sport reports that Valencia have reached an agreement with Wolves to sell the Portugal international, who is scheduled to undergo a medical on Monday before putting pen to paper on a long-term contract at Molineux.
Wolves head coach Bruno Lage is looking to reinforce his attack following the injury sustained to Raul Jimenez in pre-season, with Guedes identified as the club's top target.
The former Benfica and Paris Saint-Germain forward is set to become Lage's third signing of the summer window after the arrivals of Nathan Collins and Hwang Hee-chan.
Staying in the Premier League, newly-promoted Fulham are reportedly in talks with Bayern Munich over a proposed deal for striker Joshua Zirkzee.
The 21-year-old has spent the last 18 months on loan, firstly joining Parma for the second half of the 2020-21 campaign before spending last season with Anderlecht.
Zirkzee failed to score in just four appearances for Parma, but he had more joy in front of goal for Anderlecht, netting 18 times and registering 13 assists in 47 games across all tournaments.
According to The Sun, Fulham are in negotiations with Bayern over a move for the Netherlands Under-21 international, who is valued at around £15m.
Zirkzee faces an uncertain future with the Bundesliga giants as he has now entered the final year of his contract and is not regarded as a first-team regular under head coach Julian Nagelsmann.
Over in Turkey, Galatasaray are reportedly edging closer to signing 35-year-old forward Dries Mertens on a free transfer.
The Belgium international is currently without a club after his contract with Serie A outfit Napoli expired at the end of June.
Mertens spent nine years with the Italian side, scoring 148 goals in 397 appearances, but was unable to agree fresh terms over a new deal.
According to Football Italia, the experience forward has flown to Istanbul to undergo his medical and has agreed personal terms on a one-year contract.
Serie A trio Juventus, Inter Milan and Lazio as well as Premier League duo Leeds United and Newcastle United were all allegedly interested in Mertens, but Galatasaray have seemingly won the race for his signature.
Meanwhile, La Liga side Sevilla have completed the signing of Spanish playmaker Isco on a two-year contract.
The 30-year-old became a free agent earlier this summer after his contract with Real Madrid expired, ending his nine-year association at the Santiago Bernabeu.
Sevilla have confirmed on their official website that Isco has passed his medical and will join up with his new teammates in the coming days.
Isco recorded 53 goals and 56 assists in 352 appearances for Los Blancos across all competitions, and won a total of 19 trophies including five Champions League titles.
The 38-cap Spain international has become Julen Lopetegui's third signing of the summer window after the arrivals of Marcao and Alex Telles, the latter of whom joining on loan from Manchester United.
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