As the summer transfer window hots up, Sports Mole rounds up all the latest news and speculation.

This morning's headlines:

Arsenal 'agree £23m fee for Higuain'
Arsenal reportedly agree to pay a club record fee of £23m for Real Madrid forward Gonzalo Higuain.

Man Utd to announce Rooney stay?
Manchester United manager David Moyes will reportedly announce in his press conference today that Wayne Rooney will be staying at the club.

Anzhi 'pondering Demba Ba bid'
Russian side Anzhi Makhachkala allegedly line up a bid for Chelsea forward Demba Ba.

PSG 'swoop for Cavani'
Paris Saint-Germain are reportedly willing to meet Chelsea target Edinson Cavani's release clause.

Newcastle to withdraw from Kone race?
Newcastle United will reportedly withdraw from the running to sign Arouna Kone from Wigan Athletic.

Spurs target Pjanic signing?
Tottenham Hotspur reportedly keep track of Roma midfielder Miralem Pjanic.

Spurs, Everton rivals for Deulofeu?
Tottenham Hotspur and Everton are battling each other to land Barcelona youngster Gerard Deulofeu on loan.

Bendtner to Frankfurt unlikely
Eintracht Frankfurt say that they cannot afford Nicklas Bendtner's wage demands.

Report: West Ham eye Amalfitano swoop
West Ham United are reportedly interested in Marseille midfielder Morgan Amalfitano.

Villa end interest in Kiyotake
Aston Villa end their interest in signing Nuremberg midfielder Hiroshi Kiyotake, according to reports.

Blackburn sign Campbell
Blackburn Rovers complete the signing of former Queens Park Rangers striker DJ Campbell.

Flamini rejects new Milan deal
Mathieu Flamini rejects a two-year contract extension from AC Milan.

Santos consider Milan demands for Robinho
Odilio Rodrigues says that Santos will not be held to ransom in their pursuit of AC Milan attacker Robinho.

Santa Cruz reveals choice of clubs
Roque Santa Cruz says that Malaga want him to return to La Rosaleda next season, but there are also offers from Turkey, Italy and Brazil.