The rumors linking Cristiano Ronaldo to Chelsea have been denied.
Now that the Barclays Premier League season is over, transfer talk is not only heating up but becoming a bit more serious as well.
Teams are more aware now of the areas that need to be improved upon, and some are willing to pay the money to make their team better.
Here are the latest rumors linking top players with a move to England.
Chelsea fans who latched onto the rumors linking Cristiano Ronaldo with a move to Stamford Bridge will be disappointed to know that this will not be coming to fruition, according to Dave Kidd of The Mirror.
Kidd reports that while Jose Mourinho is almost a lock to come back to London, Real Madrid president Florentino Perez denies Ronaldo will be joining him.
Madrid is apparently uninterested in selling the star Portuguese winger to any team, including the player's former club, Manchester United.
Perez is said to be extremely disappointed in the lack of trophies this season but knows that selling Ronaldo is not the answer.
Will Cristiano Ronaldo ever join Chelsea?
Ronaldo would be a fantastic addition to any team, but his price may be out of reach for most clubs.
The estimated transfer fee for the Portugal captain is said to be around £55 million.
According to Spanish website Sport.es (via The Week UK), Arsenal has agreed to a deal with Real Madrid striker Gonzalo Higuain.
The transfer was contingent on Arsenal reaching the UEFA Champions League. Now that the team has secured a place, it is expected that Higuain will join.
The Gunners are on the lookout for a new striker, as Olivier Giroud is expected to be the only option next season.
Higuain has not had as much playing time in Madrid this past season as he might have wanted. Frenchman Karim Benzema was often chosen ahead of him, and young stars Alvaro Morata and Jose Callejon were given more opportunities.
Despite only playing 26 matches, Higuain had 14 goals and five assists.
Arsenal will reportedly pay £18.5 million for the Argentine.
According to The Daily Mail, Manuel Pellegrini, who is expected to be Manchester City's new manager, wants the defender to be a part of his setup in Manchester.
Pepe has lost playing time this season because of the emergence of young French star Raphael Varane and could be interested in a move out of Madrid.
A big payday at Manchester City could also entice the defender.
Real Madrid reportedly wants £20 million for the player.
Will Gareth Bale leave Tottenham this summer?
The season ended in disappointing fashion for Tottenham Hotspur. Not only will the team need to focus on keeping star man Gareth Bale, they also must sign a few new players.
If the team manages to keep Bale, it will be a player or two away from reaching another tier and becoming a true force to be reckoned with in the Premier League.
Mike McGrath of The Sun is reporting that Andre Villas-Boas wants FC Porto's Joao Moutinho to be the first signing of the season.
The Spurs almost secured the player at the start of the season, but the deal fell through.
Moutinho is expected to cost the team £30 million, but Tottenham will face stiff competition from newly promoted Ligue 1 side AS Monaco, who are also said to be interested in the player.