Morning all! We have just under four weeks before the summer transfer window slams shut, so clubs are working hard to seal new acquisitions. There has been plenty of activity recently, so expect some more rumours to be doing the rounds throughout the day.

To start off with, let's take a look at the stories making the headlines overnight.

Bayern Munich confirm Pepe Reina deal
Barcelona make Thomas Vermaelen bid?
Manchester United move for Cuadrado?
Pogba insists on Juventus stay

Over the weekend it was confirmed that former Chelsea star Frank Lampard will join Manchester City on a six-month loan ahead of his move to MLS side New York City. Today, the 36-year-old has been speaking about his temporary switch to the Etihad Stadium, describing it as a "fantastic opportunity".

Let's turn our attention to City's local rivals Manchester United for a minute and the transfer saga that is Arturo Vidal. The Red Devils have been linked with the Juventus midfielder for some time, but now, Chile coach Jorge Sampaoli has claimed that United boss Louis van Gaal is holding off a move for Vidal because of the player's knee condition.

One of the busiest clubs in the Premier League this summer has been Liverpool, but it appears that they are not done yet following reports that Atletico Madrid right-back Javier Manquillo will join the Reds within the next 24 hours on a two-year loan.

Switching to the Championship, Middlesbrough have confirmed that they have retained the services of Chelsea defender Kenneth Omeruo for a season-long loan ahead of the new Championship campaign, which gets underway this weekend.

Nicky Ajose has been speaking about his recent move to Leeds United from Peterborough. The 22-year-old, who signed a three-year deal on Tuesday, insists that he has joined the "biggest club" in the Championship.

Moving back to the Premier League and Everton's James McCarthy has insisted that he is happy at Goodison Park, despite speculation linking him to fellow top flight clubs Manchester United and Tottenham Hotspur.

Newcastle United have also been doing some business this summer, and they are expected to welcome Nottingham Forest duo Jamaal Lascelles and Karl Darlow to the club before loaning the pair back to the City Ground. Magpies manager Alan Pardew has described the acquisitions as "great assets" for the North-East outfit.

That's all from me today! I'll hand you over to my colleague Matt Law, who will update you with all the latest transfer news as it emerges throughout the afternoon.

Thanks Danielle! I shall indeed lead you through the next few hours. What will today bring?

Besiktas are reportedly interested in signing Barcelona attacker Ibrahim Afellay this summer. The 28-year-old moved to the Camp Nou from PSV Eindhoven in 2011, but injuries have harmed his career with the Catalan outfit. Afellay was once regarded as one of the most sought-after players in European football, but has struggled over the last couple of years.

Staying in Spain and Atletico Madrid are reportedly close to signing Malaga skipper Jesus Gamez.

DONE DEAL! Derby County have secured the services of Omar Mascarell on a season-long loan basis from Real Madrid. The 21-year-old made the switch following his return from the International Champions Cup in the USA, where he made appearances against Inter Milan and Roma.

Staying in England, in particular the Premier League, where West Ham United are reportedly interested in signing experienced Portuguese forward Hugo Almeida. The 30-year-old, who has scored 19 times in 56 appearances for his country, is available on a free transfer this summer after leaving Turkish outfit Besiktas.

More on the Javier Manquillo to Liverpool story can be found here.

Staying in England and West Ham United are reportedly interested in signing FC Basel skipper Marcos Streller. The 33-year-old, who has had two separate spells with Basel, is regarded as one of the most decorated players in Swiss football history.

Manchester United boss Louis van Gaal has hinted at a move for Fiorentina midfielder Juan Cuadrado. The Colombian international, who impressed for his country at this summer's World Cup, has been strongly linked with a move to United in recent days. Van Gaal has said: "I cannot talk about Cuadrado, because if I say something about him the price will rise."

Switching back to Spain, where Atletico Madrid are reportedly preparing a big-money move for Chelsea forward Andre Schurrle. The 23-year-old, who joined Chelsea from Bayer Leverkusen last summer, helped Germany win the World Cup this summer.

Staying in Spain and Elche sporting director Victor Orta has revealed that the Spanish club have been priced out of a move for experienced Serbian midfielder Milos Krasic. Orta told gazetevatan.com: "We made a good offer for Krasic, but Dejan Joksimovic didn't accept it."

DONE DEAL! Championship side Blackpool have secured the services of free agent Ishmael Miller. The 27-year-old had been without a club since the end of last season when he was released by Nottingham Forest.

Atletico Madrid midfielder Josuha Guilavogui will spend the 2014-15 campaign on loan at Wolfsburg after the two clubs agreed a deal for the Frenchman.

That is just about it from me this afternoon, but be sure to remain with us as I pass you onto Jack Prescott, who will lead you through the next few hours. Over to you, Jack.

Hello there! Following Javier Manquillo's loan move to Liverpool, the Atletico Madrid defender has suggested that he would like to remain at Anfield beyond the end of the season. Check out what he's had to say on his future here.

Charlton Athletic have granted Reza Ghoochannejhad permission to link up with Kuwait Sporting Club on a season-long loan basis. The Iran international only arrived at The Valley from Belgian side Standard Liege back in January.

Bolton Wanderers boss Dougie Freedman has revealed that he is hoping to sign three more attacking players before the end of the transfer window. The Scot has added 10 new faces to his squad so far this summer, though nine of those have been for free.

Wolverhampton Wanderers boss Kenny Jackett has claimed that Stephen Ward is not close to joining Brighton & Hove Albion. The left-back had been expected to make a permanent switch to the Seagulls this summer after spending last season on loan at the Championship club.

Huddersfield Town have reportedly had an offer accepted by Liverpool for midfielder Conor Coady. It is believed that the 21-year-old has now travelled to the Championship club, where he will undergo a medical and discuss personal terms.

Manchester City are reportedly keen to challenge Real Madrid for the services of Monaco striker Radamel Falcao. Recent speculation has suggested that European champions Madrid were eager to sign the Colombian international, who only joined his current club 12 months ago from Atletico Madrid.

DONE DEAL! Southampton have completed a season-long loan move for Inter Milan midfielder Saphir Taider. The deal has seen club-record signing Dani Osvaldo join the Serie A side on loan for the 2014-15 campaign.

Manchester United have reportedly made an offer in the region of £8m for AC Milan midfielder Nigel de Jong. The Netherlands international shares a strong relationship with United boss Louis van Gaal, who left his post with the Dutch national team at the end of this summer's World Cup.

Southampton have reportedly had an offer in the region of £9.5m for Argentine left-back Marcos Rojo rebuffed by Sporting Lisbon. Rojo, who starred for Argentina at this summer's World Cup, has been strongly linked with a move away from Portugal this summer.

DONE DEAL! Huddersfield Town have signed midfielder Conor Coady from Liverpool for an undisclosed fee. The 21-year-old has penned a three-year deal with the Championship club, who have the option to extend his stay by a further 12 months.

West Bromwich Albion are reportedly interested in signing Stoke City attacker Jonathan Walters. The 30-year-old, who joined Stoke from Ipswich Town in 2011, has been a key player for the Potters over the last couple of seasons.

That's all from me for today, but Pascal Lemesre will be here for the next couple of hours to keep you up to date with all of the latest comings and going in the transfer window. Adios!

Thanks Jack and there is some big news to bring you straight away. Karim Benzema has signed a new five-year contract with Real Madrid. Are Los Blancos still going to sign Falcao after this?

Nottingham Forest have splashed the cash on Sheffield Wednesday winger Michail Antonio. The East Midlands club could also soon announce the big-money signing of Peterborough United striker Britt Assombalonga.

After making a name for himself in the 2013 FA Cup final against Manchester City, Wigan Athletic winger Callum McManaman struggled to have a real impact on the Championship last term. Celtic are reportedly considering a move to give the 23-year-old a fresh start in Scotland.

To League One, where MK Dons have completed the permanent signing of Samir Carruthers from Aston Villa.

DONE DEAL! QPR complete the loan signing of Mauricio Isla.

For more on the Chilean's arrival at Loftus Road, click here.

TRANSFER UPDATE! If you missed anything this afternoon and want to recap on what happened then you can catch up with our evening update.

After mentioning that Nottingham Forest might complete the signing of Britt Assombalonga earlier, the move has been confirmed by their chairman Fawaz Al Hasawi on Twitter: "We have just made our second signing of the day. Peterborough striker Britt Assombalonga signs a five-year deal. #nffc." It is believed that the fee could be around £5.5m, which is steep for a player who is yet to prove himself in the Championship.

Just before I go, here's the story on Assombalonga's arrival at the City Ground. Guiding you through the next few hours of transfer talk will be Paul Gorst. Over to you, Paul...

Thanks Pascal! Just a quick recap on today's news about Frank Lampard officially joining Manchester City, and manager Manuel Pellegrini has hailed the arrival of a "world-class midfielder". You can catch the full story here.

An interesting story has developed surrounding the future of Daniel Agger. The Denmark international centre-back is reportedly a target for Arsenal. You can catch the full story here.

Sunderland winger Adam Johnson is expecting a "big change" at the club before the end of the transfer window. The Black Cats have been active in the transfer window so far, but the wideman thinks that there will be more arrivals before the deadline. Full story is here.

Andre Schurrle has been linked with a move to Atletico Madrid recently, but the Germany international has appeared to have rubbished those reports after speaking of his desire to land some silverware with Chelsea this coming campaign. Full story is here.

Eliaquim Mangala's purported move to Manchester City could be wrapped up as early as this coming weekend, according to reports. City have been continually linked with a move for the France international defender, and they have been in talks with Porto throughout the summer. We'll have the full story to come.

City have been linked with a £40m move for Mangala, but the fee is likely to be closer to £32m, according to a report. The full story is here.

Well, that's all from me. I'll leave you in the capable hands of Alex Meyers, who will see you through until 2am. Bye for now!

Thanks Paul. I'll start with the news that Marco Reus could leave Borussia Dortmund next summer for £19.8m. It is believed that Liverpool and Arsenal are interested in signing the German after two impressive seasons with his club.

DONE DEAL! Valencia have completed the signing of Shkodran Mustafi from Sampdoria. The 22-year-old defender has penned a five-year contract with the La Liga club, but no details of the transfer fee have been given.

Liverpool defender Daniel Agger has reportedly told manager Brendan Rodgers that he wants to leave the club. It is believed the Dane is keen on an exit from Anfield after losing his place in the team.

Inter Milan are reportedly preparing to sell midfielder Fredy Guarin. It is believed that the Italian club are looking to make space in their squad for Parma winger Jonathan Biabiany.

Tottenham Hotspur have reportedly had their offer for Memphis Depay accepted by PSV Eindhoven. It is believed that they have bid £10 plus Nacer Chadli for the winger, who impressed at the World Cup.

That's all we've got time for from our blog this evening. Don't forget that we will be bringing you the latest news as it happens 24 hours a day. Thank you for joining us, until next time, goodbye!