Good morning everyone! Yesterday, Raheem Sterling finally sealed his big-money move to Manchester City and became the most expensive English player ever in the process. A whopping £49m was reportedly paid by the former Premier League champions to Liverpool for the 20-year-old. Surely though, that will not be the last time that huge sums of money are thrown around? We still have more than six weeks left until the transfer window slams shut, so plenty of time for business.

Speaking of huge sums, numerous newspaper reports have claimed that Angel di Maria could be on his way out of Manchester United to join Paris Saint-Germain for £50m. The Argentine struggled to make an impact during his first season at Old Trafford, and it is believed that the Red Devils are open to a swap deal involving forward Edinson Cavani. Apparently United have picked out the Uruguayan as a replacement for Robin van Persie.

It seems that a day doesn't go by without a story about David de Gea's future. Recent reports have been pleasant reading for Manchester United fans as there have been indications that the goalkeeper will remain at Old Trafford for the upcoming season. Today, Marca have published a story claiming that Real Madrid have promised to pay De Gea a €5m (£3.5m) sign-on fee if he moves to the Bernabeu next summer.

DONE DEAL! Stoke City complete the signing of 19-year-old winger Moha El Ouriachi from Barcelona. Read more.

The big-money sale of Raheem Sterling to Manchester City could prompt Liverpool into making even more signings this summer. According to a newspaper report, the Reds will use the £49m received for the England man to fund a move for Borussia Dortmund midfielder Marco Reus.

It looks as if Sunderland have suffered a blow in their bid to bolster their defensive options this summer. According to reports, the Black Cats have pulled out of a deal to sign Belgian international Nicolas Lombaerts from Zenit St Petersburg because the centre-back failed a medical on Wearside.

He may have signed for Fenerbahce, but it has been reported that Manchester United are still negotiating a fee for Robin van Persie with the Turkish club. The Dutchman was paraded in front of thousands of jubilant Fener supporters yesterday after agreeing a three-year deal. Read more on the Van Persie situation here.

Chelsea striker Patrick Bamford caught the eye for Middlesbrough last season as he scored 19 goals while on loan at the Championship side. The youngster has been linked with a host of sides this summer while his future at Stamford Bridge remains unclear. According to a report, Sheffield Wednesday want Bamford to join them for another loan stint in the second tier.

Norwich City have had a fairly uneventful transfer window so far, only bringing in Youssouf Mulumbu and Graham Dorrans from West Bromwich Albion. However, manager Alex Neil has stated that he is looking to sign more players before the Premier League season kicks off in less than a month. More here.

DONE DEAL! Time to go north of the border for a moment, where Rangers continue to add new faces to their squad ahead of the new season. Former Manchester United trainee Jordan Thompson has joined the Scottish Championship side after penning a two-year contract at Ibrox.

Leicester City have been linked with Caen midfielder N'Golo Kante this summer, and the Frenchman has today spoken out about his future. Kante has suggested that Leicester's appointment of Claudio Ranieri as their new manager could persuade him to move to the King Power Stadium.

Now, we brought you the speculation earlier that Nicolas Lombaerts had failed a medical at Sunderland, but the Belgian player has claimed that he was he who turned down the Black Cats. More here.

DONE DEAL! A double loan move in the Championship as Rotherham sign a pair of players from Derby County. More on this soon.

Click here for more on the duo's move to the Millers. Roos makes a season-long switch, while Rawson's deal is a half-season loan.

A couple of stories from League Two, with Cambrige United signing Jeff Hughes and the news that Luton Town are eyeing up a move for former Brighton & Hove Albion frontman Craig Mackail-Smith.

Well, this would be a surprise move. According to the local press up in Middlesbrough, Stewart Downing is travelling North today to finalise a move back to the Riverside. Full story here.

NEW CONTRACT! After scoring 27 Championship goals last season, Ipswich Town's Daryl Murphy has been the subject of much speculation this summer. He has put an end to the rumours by signing a new two-year deal at Portman Road. Read what he had to say here.

DONE DEAL! Leeds United have made their sixth signing of the summer by bringing in former Middlesbrough and Chelsea goalkeeper Ross Turnbull. More here.

Manchester United's executive vice-chairman Ed Woodward has reportedly put plans in place to return to England from the club's pre-season tour of the USA at the weekend in order to work on transfer deals.

Luton Town have terminated the contract of defender Fraser Franks by mutual consent. The 24-year-old made 34 appearances for the League Two side following his arrival from Welling United in January 2014.

Sami Khedira has admitted that it was an "easy decision" to join Juventus from Real Madrid. The midfielder, 28, was officially unveiled by the Serie A champions on Wednesday after previously signing a four-year deal in Turin.

Espanyol boss Sergio has admitted that he expects to lose goalkeeper Kiko Casilla to Real Madrid this summer. Los Blancos are said to be keen on bringing their former stopper back to the Bernabeu in this transfer window following the departure of Iker Casillas.

Roma are reportedly preparing a surprise move for Barcelona's Javier Mascherano this summer. The 31-year-old has been with the Spanish giants since 2010, and is currently contracted to Barca until the summer of 2018.

Manchester City reportedly explored the idea of signing Angel di Maria from Manchester United before completing their move for Raheem Sterling. City confirmed the signing of Sterling from Liverpool on Tuesday, with the England international signing a five-year deal at the Etihad.

Carlos Tevez has revealed that Atletico Madrid boss Diego Simeone tried to sign him this summer. The 31-year-old has returned to Argentina with Boca Juniors following a successful spell in European football with West Ham United, Manchester United, Manchester City and Juventus.

Paris Saint-Germain midfielder Thiago Motta has revealed that he would be interested in re-joining Atletico Madrid this summer. The Italian international will leave PSG in this transfer window after recently claiming that he wants to "start a new cycle".

Nacho Monreal became Arsenal's first-choice left-back in the second half of last season and it is believed that he will remain a Gunner this season, despite speculation linking him with a move away.

After Liverpool decided to cut short his loan from Atletico Madrid, it looks like there is no shortage of suitors who want to give Javier Manquillo a go this season.

Inter Milan's Mateo Kovacic has been linked with several European clubs this summer, but it doesn't sound like he wants to leave the Nerazzurri.

7PM UPDATE! Been busy today and not on top of all the transfer rumours? Well, our evening update is just what you need.

Michail Antonio had a fine first season with Nottingham Forest in the Championship last season and one Premier League club has reportedly made a £5m offer in an attempt to sign him. Find out who here.

Hello, hello! Are Manchester United entering the race to sign Christian Benteke? The Belgian has been linked with their rivals Liverpool, but Louis van Gaal is reportedly confident of bringing the big striker to Old Trafford.

Could Leon Britton's time as a Swansea City player be coming to an end? It sounds like he's off to MLS.

Stewart Downing's move back to hometown club Middlesbrough has made some progress today, and there is more good news for fans of the Championship club as they have reportedly now agreed a fee with West Ham United for the winger.

From outgoings at Upton Park to incomings, and new manager Slaven Bilic has dropped a big hint that there will be more new faces arriving at the club in the coming weeks. The Hammers have already signed four players this summer, but Bilic does not want to stop there.

It would have undoubtedly been a blow for Southampton fans when they heard that Morgan Schneiderlin was off to Manchester United, but the loss of the Frenchman looks like being tempered by the arrival of Jordy Clasie, who is reportedly set to undergo a medical with the Saints.

DONE DEAL! Good news for Sunderland fans as the Black Cats have completed the signing of Jeremain Lens from Dynamo Kiev. He has signed a four-year contract with the club and will be reunited at the Stadium of Light with former boss Dick Advocaat.

There have already been a number of significant moves this summer, but one that doesn't look like happening is Gonzalo Higuain coming to the Premier League - or any other league for that matter. Napoli president Aurelio De Laurentiis has insisted that there is "no chance" of the striker leaving the club in this window. That's that, then.

DONE DEAL! Fernando Torres, Sergio Aguero, Diego Forlan, Radamel Falcao, Diego Costa, Mario Mandzukic... who's next? Find out the latest striker to join that illustrious list in leading the line for Atletico Madrid by clicking here.

DONE DEAL! The deals are arriving thick and fast tonight, and this one has gone faster than most. We brought you the news earlier that Clasie was closing in on a medical for Southampton, but that move has been fast-tracked and the Dutch international has now completed his switch to St Mary's on a five-year deal.

DONE DEAL! Yet another deal was completed earlier today too, and it is one that may perk up the ears of Tottenham Hotspur fans. Giovani dos Santos arrived at White Hart Lane with bags of potential but failed to ever make his mark in North London before returning to Spain with Villarreal. Well, now the Mexican has completed a move to LA Galaxy, where he will link up with a certain Steven Gerrard.

Bayern Munich may have lost one midfield general in the form of Bastian Schweinsteiger this summer, but they have moved quickly to replace him and reports are now emerging that Arturo Vidal is their man. Negotiations are understood to have advanced quickly between the German club and Juventus, so much so that a fee has already reportedly been agreed. Find out how much the Arsenal and Manchester United target could be costing Pep Guardiola's side by clicking here.

Is Valdes on his way OUT of Manchester United? This was a popular belief in recent days and weeks, but now speculation has accelerated thanks to what manager Louis van Gaal has said. Read it HERE!

On to far more bigger stories now and LVG has refused to confirm whether or not David de Gea or Angel di Maria will be at Old Trafford in time for the new season! More on this in HERE!