Welcome to Sports Mole's live transfer blog on Saturday, July 4.
The transfer window has been open for less than a week now but that hasn't deterred clubs from making early signings in preparation for the upcoming season.
Keep an eye on this transfer page for any major deals and breakthroughs that happen over the next 24 hours.
Good morning folks! The transfer window certainly hasn't been dull as of yet, with deals coming in thick and fast throughout the day and night. Chelsea managed to secure the loan signing of Radamel Falcao, Spurs look ready to beat the Blues to the signing of Aleksandar Mitrovic and Diego Costa wants Arda Turan to leave Atletico Madrid and to join him in London.
DONE DEAL! There's been some transfer activity in the Serie A, as Roma snap up the loan signing of Victor Ibarbo from Cagliari for a fee of £3.6m.
Just waking up and wanting to know what transfer news has been reported while you were sleeping? Look no further, as Sports Mole has put the latest transfer news and gossip into one, neat article here.
Last night, reports emerged that Lukas Podolski was on the verge of joining Galatasaray from Arsenal. The Turkish club have now confirmed that the deal is expected to be completed this afternoon, with the German scheduled to be officially revealed at 2.30pm.
DONE DEAL! It was confirmed yesterday that defender George Elokobi has made his return to Colchester United on a two-year deal. The former Wolverhampton Wanderers left-back spent last season at Oldham Athletic.
Over the past few days, Atletico Madrid midfielder Arda Turan has been linked with a move to Barcelona, and it appears as though coach Luis Enrique is a fan of the Turkish international. Josep Maria Bartomeu, who is bidding to be re-elected as president of the Catalan giants, has revealed that the club's manager asked to bid for the 28-year-old.
Watford are actively looking to strengthen their squad after promotion to the Premier League but this would be somewhat of a statement if they can pull it off. The Hornets are reportedly closing in on Tottenham Hotspur pair Etienne Capoue and Benjamin Stambouli.
The goalkeeping situation at Manchester United continues to be unresolved, but one stopper who isn't likely to replace David de Gea, should he move to Real Madrid, is Netherlands international Jasper Cillessen. Ajax boss Frank de Boer has revealed that he doesn't want his first-choice goalkeeper to leave Amsterdam.
Lukas Podolski has been strongly linked with a move away from Arsenal this summer and now Galatasaray have confirmed that the German international will sign his contract with the club later this afternoon.
Valencia captain Daniel Parejo has signed a new four-year deal with the La Liga club. He joined them from Getafe in 2011 and scored 12 goals last season as they qualified for the Champions League.
There seems to be no end to the constant speculation surrounding Paul Pogba's future with Juventus, but the Frenchman has said that he is paying no attention to the rumours.
Lazio have reportedly made an offer of €5m (£3.57m) to Liverpool for striker Fabio Borini. The 24-year-old has endured a frustrating time at the Reds and has failed to nail down a regular first-team spot under Brendan Rodgers.
Roma sporting director Walter Sabatini has confirmed that the club want to sign Manchester City striker Edin Dzeko. The Bosnian striker has been linked with a move away from the Etihad, where he has spent the past four seasons.
Roma have reportedly entered the race to sign Paris Saint-Germain midfielder Yohan Cabaye. The Frenchman is understood to be considering his future at the club after struggling for first-team action, but his wage demands could halt any move to Serie A.
Antalyaspor president Gultekin Gencer has said that he wants the club to sign Barcelona star Lionel Messi in five year's time. The Turkish side have wrapped up the signing of Samuel Eto'o this week, while Ronaldinho is also reported to be on their list of targets.
Claudio Pizarro departed Bayern Munich after a trophy-laden second spell with the club earlier this summer, but the Peru international has said that he wants to keep playing in the Bundesliga.
DONE DEAL! We told you earlier that Lukas Podolski was going to sign for Galatasaray and now the German international has completed his move to the Turkish champions from Arsenal.
Tom Ince has described the chance to work with Paul Clement at Derby County as a "huge pull". Ince completed a permanent move to the Rams yesterday for a club-record fee believed to be in the region of £4.75m.
Liverpool midfielder Jordan Henderson has praised the club for acting swiftly in the summer transfer window. The Reds have already signed six players ahead of the new season, with James Milner, Roberto Firmino and Danny Ings among those to arrive at Anfield.
Manchester United have been tipped to sign midfielder Morgan Schneiderlin from Southampton by the end of next week. The Reds Devils reportedly saw a £20m bid for the Frenchman rejected by the Saints on Thursday.
Watford goalkeeper Jonathan Bond is set to complete a permanent move to Reading after rejecting a new contract at Vicarage Road, according to a report.
The 22-year-old's chances of Hornets first-team action have potentially been compromised after the club signed Giedrius Arlauskis from Steaua Bucharest and Heurelho Gomes and Rene Gilmartin agreed new deals.
Wolfsburg director of sport Klaus Allofs has insisted that the club has no intention of selling winger Ivan Perisic. The Croatia international, 26, has been linked with a move to Inter Milan.
Chelsea winger Mohamed Salah has rejected a permanent move to Fiorentina in favour of a switch to Inter Milan, according to reports. The 23-year-old was offered the chance to move to the Viola on a permanent basis, having spent last season on loan at the Stadio Artemio Franchi.
Manchester United striker Robin van Persie has agreed to join Fenerbahce after agreeing personal terms, according to reports. The Dutch striker has 12 months left on his contract at Old Trafford and has been heavily linked with a move away from the club.
Valencia have confirmed the signing of striker Santi Mina from Celta Vigo on a six-year deal. The 19-year-old has moved to the Mestalla Stadium for a reported fee of €10m (£7.1m).
Arsenal have reportedly made contact with Barcelona over a possible move for forward Pedro. The 27-year-old signed a new deal at the Camp Nou last month, but the Gunners are understood to be interested in his services.
Sergio Ramos has insisted that he is not in contract talks with Real Madrid or any other clubs. The Spain international has been heavily linked with a move to Manchester United as his future at the Santiago Bernabeu remains unclear.
Chelsea manager Jose Mourinho has asked football agent Jorge Mendes if he can find Juan Cuadrado a new club, according to reports. The Colombian international moved to the Premier League from Fiorentina in January of this year but so far, he has struggled to make his mark at Stamford Bridge.
DONE DEALS! It's 6pm on a sunny summer Saturday, but still there's business to be done as three deals are completed in the Football League. Tony Craig has rejoined Millwall from Brentford, three years after making the opposite switch, goalkeeper Jonathan Bond has swapped Watford for Reading and Danny Green has been snapped up by Luton Town after his release from MK Dons.
We all know that Chelsea are in the market for a new back-up goalkeeper following Petr Cech's move to Arsenal and it looks like they could be on the verge of snagging a stopper from a fellow Premier League club. Find out who here.
Is Glen Johnson going to rejoin West Ham following his Liverpool exit? That's the latest on the England international's future.
Matteo Darmian certainly impressed people on these shores with his performance for Italy against England in a friendly earlier this year and Manchester United are now being linked with a move for the Torino man.
7PM UPDATE! Only just checking in with us and want an easy way to recap the day's news and gossip? Well, our 7pm update is just what you need.
Thirty-five-year-old midfielder John Eustace is without a club following his release by Derby County this summer. It doesn't look like that will be the case for much longer, though. Click here to find out who he'll be joining.
Reading boss Steve Clarke has spoken on his delight over the signing of keeper Jonathan Bond from Watford for an undisclosed fee. The England Under-21 international has signed a four-year deal at the Madejski Stadium.
News for Liverpool fans over Martin Skrtel's future at the club as the defender will reportedly sign a new three-year contract to commit his future to Brendan Rodgers's side next week.
A report suggests that Derby County are going to continue to be active in the transfer market following their club-record move for Tom Ince on Friday by lining up a £2m move to sign Liam Bridcutt from Sunderland.
The 26-year-old failed to start a match under new Black Cats boss Dick Advocaat towards the end of last season.
Paul Pogba to Man City is one story that refuses to go away, and according to this report it's back for good as the Citizens reportedly prepare a £71m bid for the Frenchman. More on this in here.
Are Roberto Firmino and Danny Ings the men needed to fire Liverpool to Champions League qualification next season? Not according to Reds legend John Aldridge, who says that Reds boss Brendan Rodgers is still one "proven goalscorer" short of a top-four winning squad. More on this here.
Unfortunately, that's all we've got time for this morning folks, but we'll be back in just a few short hours to bring you the latest done deals and rumour-mill productions. Until then...