With many clubs returning to preseason training this week, the transfer rumour mill has taken on an even greater significance.
Chelsea manager Jose Mourinho could be on the verge of making a major statement of intent with a move for an unsettled Premier League star. He may also be about to return to former employers Real Madrid in a bid to bolster his midfield.
Read on to find out more.
The Uruguay international has voiced his desire to leave Anfield recently, as he serves his 10-game suspension for biting Chelsea defender Branislav Ivanovic during a Premier League game in April.
Now, though, Mourinho is preparing to unite the two players in the Stamford Bridge squad, according to The Star, which quotes Spanish newspaper AS as its source for the article.
Real are reportedly monitoring Real Sociedad midfielder Asier Illarramendi, according to the newspaper, and any move may leave Alonso surplus to requirements at Real.
After the departure of Carlos Tevez, Edin Dzeko is poised to follow his former strike partner out of Manchester City, according to reports.
However, a question mark remains over where the Bosnia international will be going during the summer.
The 36-year-old has signed a one-year deal and will remain in Italy, according to a report by Nadia Carminati of Sky Sports.
West Ham have agreed to a £6.7 million fee for the Colombia international, 22, and now need to arrange a work permit before the deal can be sealed, according to the article.
The Morocco international joined the Gunners in 2010 but has been unable to hit the heights with Arsene Wenger's team since leaving Bordeaux. He spent time on loan at West Ham for the second half of last season.
Chamakh has scored just 14 times in 67 appearances for Arsenal over the last three seasons.
The Spain Under-20 international is currently contracted to Barca but has slipped down the pecking order after the arrival of Neymar at Camp Nou, says the report.
According to the article, however, Barcelona maintain high hopes for the player, who could move to Goodison Park or White Hart Lane in a loan deal.
Arsenal and Liverpool have also been credited with an interest in Deulofeu, but Everton and Spurs have emerged as favourites, according to the report.