Real Madrid is preparing a massive £130m bid for Bayern Munich winger Michael Olise. This move depends on Florentino Perez winning the club presidency. Meanwhile, Newcastle United is closing in on its first summer arrival, having agreed to a £24m deal for Reims goalkeeper Ewen Jaouen to bolster their squad.

Managerial shifts are shaking up the Premier League and Italy. Arne Slot rejected a Fulham offer after his sacking from Liverpool, while Oliver Glasner currently leads Mauricio Pochettino in the race for the AC Milan job. At Milan, Rafael Leao is pushing for a move to La Liga or the Premier League.

Player movements involve high-stakes valuations and tactical shifts. Everton is chasing Middlesbrough midfielder Hayden Hackney but cannot meet the price tag. Barcelona is monitoring Chelsea defender Marc Cucurella as a potential replacement for Alejandro Balde, while Atletico Madrid is targeting Julian Alvarez, who dislikes the idea of moving to London.

Other clubs are targeting youth. RB Leipzig is fighting to keep Yan Diomande despite Liverpool's interest. Hull City is pursuing Venezuelan winger Luis Fernando Carrero for a loan move, while Tottenham manager Roberto de Zerbi wants Luka Vuskovic to leave the club this summer.