Following yet more big developments in the summer transfer window, Sports Mole looks at the latest news and gossip.

Wednesday afternoon's headlines:

Chelsea offer Juan Mata or David Luiz in bid for Manchester United's Wayne Rooney?
Manchester United reportedly reject Chelsea's offer of £10m plus either Juan Mata or David Luiz for the services of striker Wayne Rooney.

Report: Arsenal told to bid £40m for Luis Suarez
Luis Suarez's agent tells Arsenal to activate the striker's release clause at Liverpool by bidding £40m.

Arsenal 'deny reports of Santi Cazorla move to Atletico Madrid'
Arsenal rubbish reports that Santi Cazorla has agreed personal terms with Atletico Madrid ahead of a summer move.

Manchester United give up on trying to sign Everton's Leighton Baines?
Manchester United reportedly give up on trying to sign Leighton Baines from Everton due to the Merseyside club's unwillingness to sell the full-back.

Report: Manchester United ponder move for Newcastle's Yohan Cabaye
Manchester United are reportedly keeping tabs on Newcastle United midfielder Yohan Cabaye.

Paris Saint-Germain striker Zlatan Ibrahimovic wants switch to Real Madrid?
Paris Saint-Germain striker Zlatan Ibrahimovic reportedly wants to be reunited with Carlo Ancelotti at Real Madrid.

Napoli chase Gonzalo Higuain, Leandro Damiao
Napoli's president admits on Twitter that the club wants to sign Gonzalo Higuain and Leandro Damiao.

Hull City close to signing Sunderland's Danny Graham
Hull City are close to signing Danny Graham on loan from Sunderland.

Sam Allardyce rules out Graham Dorrans, Stewart Downing moves
West Ham United manager Sam Allardyce dismisses reports linking the club with moves for Graham Dorrans and Stewart Downing.

Robert Lewandowski accepts Borussia Dortmund stay
Robert Lewandowski agrees to stay at Borussia Dortmund for the final year of his contract.

Paris Saint-Germain: 'Edinson Cavani was top target, not Wayne Rooney'
Paris Saint-Germain president Nasser Al-Khelaifi says that Edinson Cavani was their top target instead of Manchester United's Wayne Rooney.

West Ham United unsure over Duvan Zapata switch
West Ham United manager Sam Allardyce reveals that he does not know whether the club will sign Duvan Zapata from Estudiantes.

Watford move for Iriney Santos
Watford sign Granada midfielder Iriney Santos on a season-long loan.

Jason Banton joins MK Dons on loan
Crystal Palace youngster Jason Banton signs a loan deal with MK Dons until January 5.

Middlesbrough expect Grant Leadbitter stay
Tony Mowbray says that Grant Leadbitter wants to stay at Middlesbrough, amid rumoured offers from Nottingham Forest.