As the seconds tick down towards transfer deadline day, Sports Mole checks out the latest news and gossip.

Wednesday evening's headlines:

AC Milan: 'No Liverpool bid for Mario Balotelli'
AC Milan vice president Adriano Galliani insists that the club has "not received any offer from Liverpool" for Mario Balotelli.

Manchester United begin Fredy Guarin talks?
Manchester United are understood to have started negotiations with Inter Milan regarding the availability of Fredy Guarin.

Valencia keen on Alvaro Negredo?
Manchester City striker Alvaro Negredo is reportedly a transfer target of Valencia's.

Edin Dzeko pens new Manchester City contract
Manchester City striker Edin Dzeko signs a new four-year deal with the Premier League champions.

Leroy Fer completes Queens Park Rangers switch
Netherlands international midfielder Leroy Fer completes his move from Norwich City to Queens Park Rangers.

Giuseppe Marotta: 'No talks with Manchester United for Arturo Vidal'
Juventus director Giuseppe Marotta insists that no discussions have been held with Manchester United regarding the transfer of Arturo Vidal.

Burnley make new James McArthur bid?
Burnley are understood to have made a new bid for Wigan Athletic midfielder James McArthur.

Jose Fonte hopes for Morgan Schneiderlin stay at Southampton
Southampton defender Jose Fonte urges Morgan Schneiderlin to stay with the club this summer.

Aston Villa defender Joe Bennett joins Brighton & Hove Albion on loan
Brighton & Hove Albion bring in Aston Villa defender Joe Bennett on a season-long loan deal.

Emmanuele Giaccherini "happy" at Sunderland
Sunderland midfielder Emmanuele Giaccherini insists that he is happy at the club, despite some uncertainty over his future.

Steve Bruce eager to replace injured Robert Snodgrass
Hull City manager Steve Bruce reveals that discussions are already underway to replace Robert Snodgrass.

West Bromwich Albion boss Alan Irvine hopeful of more signings
West Bromwich Albion boss Alan Irvine reveals that he expects to add to his squad "sooner rather than later".

Gus Poyet: Jozy Altidore "really happy" at Sunderland
Sunderland manager Gus Poyet dismisses speculation that striker Jozy Altidore is eager to leave the club before the transfer window closes.

Norwich City confirm Carlos Cuellar signing
Former Sunderland defender Carlos Cuellar joins Norwich City on a one-year deal.

Michael Turner extends Norwich City contract
Norwich City confirm that Michael Turner has signed a new contract with the club.

You can keep up to date with all of the latest news and gossip from the summer transfer window on our live transfer blog.