We are now approaching the final week of the summer transfer window, meaning that clubs across the continent are fast running out of time to bolster their squads.

Here, Sports Mole rounds up all the transfer news and speculation that has emerged throughout the day.

Monday evening's headlines:

West Bromwich Albion reject Saido Berahino transfer request
West Bromwich Albion announce that they have rejected a transfer request from Saido Berahino. Read more.

Karim Benzema: 'Real Madrid is my home'
Real Madrid forward Karim Benzema takes to Twitter to hit out at the "clowns" who have suggested that he is unhappy at the Bernabeu. Read more.

Report: Liverpool, AC Milan reach Mario Balotelli loan agreement
A report claims that Liverpool and AC Milan have reached an agreement over a season-long loan deal for striker Mario Balotelli. Read more.

Barcelona star Neymar open to future Manchester United move?
Neymar is reportedly considering leaving Barcelona to join Manchester United, but a deal is unlikely to be struck before the end of this summer's transfer deadline. Read more.

Claudio Ranieri: 'Riyad Mahrez not for sale'
Claudio Ranieri reveals that Leicester City will reject any late transfer interest in Algerian winger Riyad Mahrez. Read more.

Liverpool 'still want Real Madrid's Asier Illarramendi, prepare £15m bid'
Liverpool are reportedly preparing a £15m bid for Real Madrid midfielder Asier Illarramendi after Rafael Benitez told him to find a new club. Read more.

Report: West Ham United want Manchester United's Adnan Januzaj on loan
West Ham United are reportedly keen to sign Adnan Januzaj from Manchester United on a season-long loan. Read more.

Joleon Lescott 'told he can leave West Bromwich Albion'
West Bromwich Albion will allow defender Joleon Lescott to leave the club if they bring in a new signing ahead of next week's deadline, a report claims. Read more.

Norwich City reject two Lewis Grabban bids
Alex Neil confirms that Norwich City have rejected two bids for striker Lewis Grabban. Read more.

Chris Ramsey: 'West Ham United want Robert Green'
Queens Park Rangers boss Chris Ramsey confirms that West Ham United are interested in re-signing goalkeeper Robert Green. Read more.

Report: Newcastle United join race to sign Benik Afobe
Newcastle United could reportedly join Norwich City in making a bid for Wolverhampton Wanderers striker Benik Afobe. Read more.

Report: Leeds United close to completing Fernando Forestieri swoop
Out-of-favour Watford forward Fernando Forestieri is closing in on a £3m move to Leeds United, according to a report. Read more.

Jack Hobbs a target for Leeds United, Queens Park Rangers?
A report claims that Championship duo Leeds United and Queens Park Rangers have turned to Nottingham Forest's Jack Hobbs in an attempt to bolster their defensive options. Read more.

Derby County to 'maintain Jacob Butterfield pursuit'
A report claims that Huddersfield Town midfielder Jacob Butterfield is still a transfer target for Championship rivals Derby County. Read more.

Ipswich Town snap up James Alabi on a one-year deal
Ipswich Town sign free agent James Alabi on a one-year deal after his release from Stoke City. Read more.

West Bromwich Albion midfielder Liam O'Neil moves to Chesterfield
West Bromwich Albion youngster Liam O'Neil finalises his switch to League One side Chesterfield. Read more.

Northampton Town capture Adam Yates
League Two side Northampton Town secure the services of Port Vale defender Adam Yates on a one-month loan deal. Read more.