Morning all! What will today bring? Will Liverpool secure a striker they're desperately searching for? Will Manchester United add more to their squad following the arrival of Marcos Rojo? Stay tuned for all the latest.

To begin, let's take a look at the headlines from the last couple of hours:

Lukas Podolski close to Galatasaray switch
Juventus rule out move for Radamel Falcao
Roma 'enquire about Fernando Torres availability'
Manchester United 'pondering surprise bid for Alonso'

Now, you may have heard that a certain controversial character could be making his way back to the Premier League. Widespread reports have claimed that Liverpool are in talks with AC Milan to sign former Manchester City striker Mario Balotelli. The Italian was linked with Arsenal earlier in the window, but it appears that Reds manager Brendan Rodgers is targeting a permanent deal for Balotelli following the sale of Luis Suarez to Barcelona.

Should Liverpool sign Mr 'Why Always Me?', the Merseyside outfit will have sealed their ninth summer signing following the arrivals of Adam Lallana, Rickie Lambert, Emre Can, Lazar Markovic, Dejan Lovren, Divock Origi, Javier Manquillo and Alberto Moreno.

Let's stay in Merseyside for a moment and turn to Everton. Manager Roberto Martinez has told reporters today that he is "happy" with his squad, suggesting that his summer spending, which included the £28m capture of Romelu Lukaku, is over.

UPDATE! AC Milan's in-house TV channel has reportedly confirmed that the club are in talks with Liverpool regarding the sale of Mario Balotelli. Both parties are believed to be discussing a £17.5m fee for the Italian striker.

Moving to North London and Arsenal manager Arsene Wenger has hinted to reporters that he is open to signing a defensive midfielder and another defender before the transfer deadline on September 1. The Gunners have acquired the signatures of Alexis Sanchez, Mathieu Debuchy, David Ospina and Calum Chambers so far this summer.

Mario Balotelli's reported transfer to Liverpool appears to be moving at a rapid pace, with press in Italy claiming that the 24-year-old striker has confirmed that today will be his last day at the Serie A outfit.

West Ham United have been busy in the transfer window this summer, but manager Sam Allardyce has revealed to the press this morning that they're not done yet. The Hammers boss is keen to bring in defensive cover before the window shuts on September 1.

That's all from me for the time being, so I shall hand you over to Dan Lewis, who will keep you updated with the latest transfer news that emerges in the next three hours.

Thanks Danielle! Huddersfield Town have been conducting business in the transfer market of late, despite currently being without a manager. That situation may continue after Neil Warnock reportedly rejected an approach from the Championship club to take up the vacant position.

BREAKING NEWS! In the last few moments Real Madrid manager Carlo Ancelotti has confirmed that Manchester United target Angel Di Maria has asked to leave the club. More to follow...

More on that big news now regarding Real Madrid midfielder Angel di Maria, who looks to be on his way out of the Bernabeu. The Argentina international has been repeatedly linked with a move to Manchester United this summer, and Los Blancos coach Carlo Ancelotti has confirmed that the player has asked to leave. Click here to read more.

Moving back down the the Championship now, and Watford midfielder Lewis McGugan is said to be in huge demand with a number of clubs chasing his signature. The 25-year-old has impressed at the Hornets since making the move from Nottingham Forest last season, and he may now be on the move once more.

It could be a busy week or so for Manchester United with more and more players being linked to the Red Devils as the days go by. The latest is Cruzeiro midfielder Lucas Silva, who is reportedly close to joining the Old Trafford outfit for £12m.

It has been a busy day so far in the transfer market - in terms of potential movement, at least - and as ever we have rounded up all the afternoon's big stories in one place. Click here to view Sports Mole's 2PM Transfer Talk Update.

Could we see English youngsters follow in the footsteps of Ashley Cole and Frank Lampard and move abroad in the coming days? England manager Roy Hodgson certainly hopes so. The Three Lions coach says that some players would benefit from regular first-time action abroad, rather than sitting on the bench.

Hull City lost Shane Long to Southampton earlier this month, and they have now eyed up Blackburn Rovers talisman Jordan Rhodes as a replacement. Rovers manager Gary Bowyer confirmed earlier today that a bid has been made by the Premier League club.

Well that's all from me this afternoon, so I will now hand back to Danielle Joynson who will keep you up to date with all the latest goings on.

Thanks Dan! I think it's safe to say that Mario Balotelli has dominated today's transfer headlines and there's some more info to come...

According to BBC Sport, Liverpool have agreed a £16m fee with Milan for the Italian international, who bid farewell to his teammates at training today.

Georgios Samaras is still looking for a club after leaving Celtic, and West Bromwich Albion boss Alan Irvine has confirmed that he has made enquiries about the Greek international.

As reported earlier, Blackburn Rovers confirmed that Hull City have made an approach for Jordan Rhodes, but it is believed that the Championship club have rebuffed the Tigers' offer.

Swansea City manager Garry Monk reveals that he wants "two or three" more signings before the end of the transfer window in 11 days' time.

That's all from me this evening, but I'll hand you over to Shane Callaghan who will take you through the next few hours.

Cheers Danielle. Undoubtedly the biggest transfer news of the day is Mario Balotelli's prospective £16m switch to Liverpool. You can read all about that here. There is plenty more to come, however, so don't stray too far!

Some news that will interest Arsenal fans now, as PSG coach Laurent Blanc admits that Adrien Rabiot could leave the club and says that he is powerless to stop him. More on this here.

Moving to Aston Villa now, and manager Paul Lambert strongly denies that he is interested in signing John Arne Riise, just days after Riise claimed that Villa were keen on him. Click here for more on this.

DONE DEAL! Didn't I tell you that plenty more would be happening this evening? QPR announce that they have signed Napoli and Chile striker Eduardo Vargas on a season-long loan. More on this in here.

On to Southampton now, and manager Ronald Koeman insists that Morgan Schneiderlin will still be a Saints player after the transfer window closes. Click here for more on that.

Not transfer related per se, but click here to see how both English clubs did in their respective Europa League playoffs tonight.

We're going continental now folks, and Franz Beckenbauer reveals that he would "love to see" Marco Reus join Bayern Munich. Join the queue pal.

That's all from me tonight, my friends. I'll leave you in the hands of Mark Langshaw, who will be bringing you updates until 2am. Goodnight and god bless...

Cheers, Shane. Mario Balotelli has dominated the transfer headlines today as his move to Liverpool edges closer. You can read the latest on that story here.

Middlesbrough manager Aitor Karanka claims that he has held talks with several Premier League clubs with a view to bringing in new recruits. One of those recruits could be Chelsea striker Patrick Bamford, who Boro have expressed interest in loaning.

In case you missed this major piece of transfer news from earlier this evening, Queens Park Rangers have completed the signing of Napoli and Chile striker Eduardo Vargas on a season-long loan. Read all about it here.

Earlier this evening, Southampton manager Ronald Koeman insisted that Morgan Schneiderlin will still be a Saints player after the transfer window has slammed shut. The Frenchman has been linked with both Arsenal and Tottenham Hotspur. You can read more on that story here.

Fulham defender Fernando Amorebieta could be on his way to Spanish side Granada following reports that he is in talks with the club. The Venezuela international, who is unsettled at Craven Cottage, has also attracted interest from Malaga.

Anderson's underwhelming Manchester United career could soon be coming to an end as the Brazilian has been linked with a £5.5m move to Sporting Lisbon. United have already offloaded Nani to the Portuguese club this summer.

Liverpool have reportedly offered a one-year contract to free agent Samuel Eto'o and are willing to pay the Cameroon striker £75,000 per week. You can read more about this developing story here.

And that's all we have time for today, but be sure to join Sports Mole for our live Transfer Talk blog from 9am tomorrow. Many thanks for reading!