Arsenal have reportedly reached an agreement in principle with Newcastle to pay 90m euros (£77m) for Brazil midfielder Bruno Guimaraes, 28. This potential move could see the Gunners bolster their midfield ahead of the new season.
Meanwhile, AC Milan have reportedly been in contact with Arsenal regarding a potential deal for English winger Ethan Nwaneri, 19. The young talent is attracting interest from the Italian giants.
Elsewhere in the transfer market, Inter Milan's pursuit of Tottenham's Cristian Romero has reportedly stalled due to personal terms. The Argentina defender's representatives are now said to be exploring a move to Spain, with Real Madrid, Barcelona, and Atletico Madrid reportedly interested in the 28-year-old.
Inter Milan are also reportedly willing to pay £30m for England midfielder Curtis Jones, though Liverpool reportedly value the 25-year-old at £35m. Newcastle United are said to be nearing a £25m signing of Czech Republic goalkeeper Lukas Hornicek, 24, from Braga.