The transfer rumour mill shows no signs of slowing down, with several high-profile players linked with moves this summer.
Read on to find out more.
But Monaco, who have already added Radamel Falcao, Joao Moutinho and James Rodriguez to their ranks for a combined total of £110 million, are making a financial statement of intent after their promotion back to Ligue 1.
Ronaldo, 28, is now also in the sights of club owner and Russian billionaire Dmitry Rybolovlev. The club could make a move if he does not agree on an extension to his deal at the Bernebeu, according to Pitt-Brooke's report.
Manchester City are facing a "losing battle" to keep hold of striker Carlos Tevez, according to Jeremy Cross of the Daily Star.
City, though, are currently without a manager after the Italian was sacked two days after the FA Cup final defeat by Wigan last month. Manuel Pellegrini is expected to be appointed, as the Daily Star notes in its story.
Old Trafford manager David Moyes had been keen to bring the 26-year-old to the club, as John Edwards of the Daily Mail reported. However, the player insists he is happy at the Camp Nou and wants to stay with Barcelona.
The former Arsenal star told Spanish radio station Onda Cero (via The Mirror) he is determined to fight for his place in the Barcelona first team after joining the club from the Gunners in a £35 million deal in August 2011.
Barcelona defensive midfielder Javier Mascherano has been in the headlines after being sent off for kicking out at the driver of a medical cart as he was carried from the field during Argentina's World Cup qualifier against Ecuador, as Simon Rice of The Independent reported.
But the former Liverpool player is also in the news after being linked with his old manager, Rafael Benitez, who is now in charge of Napoli, according to Gemma Herrero of Spanish newspaper Marca.
Benitez signed the 29-year-old for Liverpool in January 2007, and Mascherano played in the Champions League final defeat to AC Milan in the same year.
The midfielder moved to Barcelona for £22 million in August 2010, two months after Benitez left Anfield.
Galatasaray chairman Unal Aysal has said the Turkish club have given up their chase for Nani after Manchester United placed an £8.5 million price tag on the winger, writes David McDonnell of The Mirror.
According to Aysal, the Turkish club had made a £6 million offer for the Portugal international which was rejected by the Old Trafford club.
The 26-year-old joined United from Sporting in 2007, but he found himself sidelined for much of last season, when he made only seven Premier League starts.