We take a look at the big transfer rumours and news of the day featuring Mbappe, Lemar, Coutinho, Sanches and Spurs.
Manchester City are trying to hijack Real Madrid's £143m bid for Monaco's superstar Kylian Mbappe.
According to the Daily Mirror, City officials are in advanced talks with Monaco over a deal to sign the 18-year-old forward. The Citizens have already spent £217m on signings this summer and Man City are willing to spend £160m to bring the France international to the Etihad.
However, Real Madrid believe they are in pole position to sign Mbappe for a fee that would smash the world record £89m that Man Utd paid Juventus for Paul Pogba last summer. Both clubs have received encouragement to move for the teenager, even though Man City were criticised for making an illegal approach for Mbappe.
Arsenal are set to sign Thomas Lemar for £45m and become their third signing of the summer.
According to reports, the Gunners have been locked in talks with Monaco over the transfer of Lemar with the current Ligue 1 champions desperate to keep hold of the winger. Monaco originally valued Lemar at £80m hoping that would put Arsenal off from securing a deal.
However, Arsene Wenger has been determined to push a deal through and Lemar has demonstrated a desire to move to the Emirates. Lemar has agreed his wages and personal terms with Arsenal and there has been a breakthrough with Monaco as they look to secure the French winger in a deal worth £45m.
According to reports, Barcelona representatives have travelled to London for talks with Liverpool about signing Philippe Coutinho. Spanish newspaper Sport claim despite Liverpool's insistence the player is not for sale, they will sell if the clubs agree on a 'good transfer sum'.
Liverpool want at least £89m for the Brazilian playmaker and Barcelona reportedly know that Coutinho wants to play at Nou Camp and are hoping to start negotiations to bring him to Barca. However, Jurgen Klopp is confident that Coutinho will stay on Merseyside.
Everyone knows that Phil Coutinho is a key player for us. I know that he feels completely more than fine, comfortable in Liverpool. He loves the club and the city - that's clear.
Bayern Munich midfielder Renato Sanches has revealed he wants to leave the club amid interest from AC Milan and Manchester United. The Portugal international has struggled to make an impact last season at Bayern following his £35m move from Benfica last summer and Bayern CEO Karl-Heinz Rummenigge has admitted the midfielder is available for £43m.
Renato Sanches confirmed that he is looking elsewhere to find first-team football and leave Bayern following their 3-2 victory over Chelsea on Tuesday.
I'm not satisfied. Of course I would like to play more that's why I want to change and go to a club where I would play more. AC Milan is an interesting option. If the opportunity emerges and the clubs can agree I would like to know. I'm young, I want and I have to play a lot. I think the chance to do so is greater in Milan than in Munich.
Tottenham Hotspur eye Hoffenheim defender Jeremy Toljan after talks with Porto's Ricardo Pereira stall.
Spurs had targeted Porto's Ricardo Pereira but negotiations have turned complicated over his third party ownership and £20m valuation. instead, Spurs have turned their attention to Hoffenheim's 22-year-old full back Jeremy Toljan. Spurs are also considering other options but recognise Toljan has just one year left on his contract and could leave for a relatively low fee.
Hoffenheim's Director of Football Alex Rosen spoke about Tottenham's interest for Toljan:
If Tottenham comes and offers to triple your salary, then you can't say too many negative things: London is an unattractive city or Tottenham a bad club. This is all very positive - and then young people about it.