Liverpool have their eyes set on two talented wingers, Chelsea have submitted a substantial bid for a Serie A star, West Ham United want to sign a former Real Madrid hero and Manchester City could sign a promising Italian centre-back.
Also, which Italian club may sign Nani from Manchester United?
Here's a roundup of the top seven Premier League transfer rumours.
Sam Allardyce might sign former Real Madrid stalwart Guti, according to the Daily Mail.
Allardyce reinvigorated Youri Djorkaeff's career at Bolton Wanderers. The English manager could do the same with Guti, who is one of the best passers in recent memory.
The Spaniard was released by Beşiktaş last season and his career has been in limbo ever since.
West Ham United should offer a one-year performance-based contract to see if there is anything left in Guti.
According to Martin Blackburn at The Sun, Inter Milan will trade Andrea Ranocchia for Manchester City's Aleksandar Kolarov.
If City sign Ranocchia, it would be like a club looking for a right-back and signing José Bosingwa.
Prolific Schalke forward Klaas-Jan Huntelaar's buyout clause is £17 million, according to Alex Shaw at talkSPORT.
Arsenal won't need him if they sign Montpellier's Olivier Giroud.
Manchester United have three quality forwards in Wayne Rooney, Danny Welbeck and Chicharito.
This leaves Tottenham Hotspur as the only realistic Premier League club in the running for the Dutchman's services.
Should Liverpool sign Kalou, they'll receive a player who might never develop into an elite footballer.
Kalou is the exact same player now as he was at Feyenoord. In fact, he was actually better for the Dutch club than he was for Chelsea.
If there's one manager in the world who can help Kalou fulfill his potential, it's Arsène Wenger. The Ivorian should sign for Arsenal, not Liverpool.
Chelsea will throw £20 million at Fiorentina for Stevan Jovetić as an alternative to Hulk, according to the Daily Mail.
If the Blues want Hulk, it means they're looking for a right forward, a right attacking midfielder or a right winger. They won't sign a deep-lying forward in Jovetić, especially when Eden Hazard wants to be the No. 10.
West Ham United want Milos Krasić on loan, but Juventus would prefer to offload the Serbian to Liverpool for £6 million, according to the Daily Mirror.
Krasić puts the Anfield club in a tricky situation, because the Reds would be basing their decision on his 2010-11 season, which wasn't even that great.
He gave Giovanni Pasquale the run around, providing two assists in a 4-0 win. Two weeks later, he was world-class against Cagliari, scoring a hat trick and running the show in a 4-2 win. He was also an incisive threat in a 0-0 draw against Inter Milan.
He had a meteoric start, but gassed out towards the end of the season, as he went on a 10-game, seven-game and five-game stretch without scoring or providing.
He endured a frustrating 2011-12 season as Antonio Conte froze the Serbian out.
Like Milan Jovanović, when Krasić is bad, he's really bad.
Juventus are monitoring Nani's contract situation with Manchester United. Should the Portuguese international demand to leave, Juve could step in, according to talkSPORT.
The fact that Antonio Conte has signed Kwadwo Asamoah and Mauricio Isla reinforces the notion that the Italian manager will use a 3-5-2 formation for the majority of next season.
Nani won't fit in, so rule Juve out.