Chelsea are willing to offer France striker Loic Remy, 29, plus a British record £65m for Everton's Belgium striker Romelu Lukaku, 23.
Everton are holding out for £75m for a player they only signed from Chelsea for £28m two years ago.
Lukaku is considering handing in an official transfer request in order to force through a return to Stamford Bridge.
Leicester winger Riyad Mahrez, 25, has agreed a move to Arsenal, according to reports in his native Algeria.
Manchester City boss Pep Guardiola is determined to reach a compromise over £50m-rated Everton defender John Stones, who is his top target, though the Toffees say there remains "a significant gap" between the two clubs over the fee for the England international.
Sunderland manager David Moyes is interested in Burnley striker Andre Gray, 25, as his club look to make their first signing of the summer.
Wales manager Chris Coleman is still in the frame to become the new Hull City boss, according to BBC Radio Humberside's David Burns.
Former Watford manager Gianfranco Zola and ex-Everton boss Roberto Martinez are also in the frame for the vacant Hull managerial position, with the club hoping to appoint a replacement in time for Saturday's pre-season game against Torino.
Real Madrid may offer Newcastle two young players - probably Mariano Diaz, 23, and Marcos Llorente, 21 - on season-long loans as part of a deal for France midfielder Moussa Sissoko, 26.
Bastian Schweinsteiger has been told there could be a place for him back at Bayern Munich if the former Germany midfielder, 32, leaves Manchester United.
Paris St-Germain have agreed a fee of 25m euros with Real Madrid for Spanish winger Jese Rodriguez, 23.
Manchester City boss Pep Guardiola is determined to reach a compromise over £50m-rated Everton defender John Stones, who is his top target, though the Toffees say there remains "a significant gap" between the two clubs over the fee for the England international.
Sunderland manager David Moyes is interested in Burnley striker Andre Gray, 25, as his club look to make their first signing of the summer.
Wales manager Chris Coleman is still in the frame to become the new Hull City boss, according to BBC Radio Humberside's David Burns.
Former Watford manager Gianfranco Zola and ex-Everton boss Roberto Martinez are also in the frame for the vacant Hull managerial position, with the club hoping to appoint a replacement in time for Saturday's pre-season game against Torino.
Real Madrid may offer Newcastle two young players - probably Mariano Diaz, 23, and Marcos Llorente, 21 - on season-long loans as part of a deal for France midfielder Moussa Sissoko, 26.
Bastian Schweinsteiger has been told there could be a place for him back at Bayern Munich if the former Germany midfielder, 32, leaves Manchester United.
Paris St-Germain have agreed a fee of 25m euros with Real Madrid for Spanish winger Jese Rodriguez, 23.
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