The transfer window that operates during the close season of the European football calendar is a period of fervent business in the buying and selling of some of the world’s most talented players. Goalmouth will keep you up-to-date with the latest spin from the transfer markets until deadline day of August 31.

Heard any rumors? Let us know by adding a comment at the bottom of the page or check out CNN’s guide to the 20 most wanted football players:

Following on from yesterday's revelations that Real Madrid are keen to offload many of their squad, it seems that English Premier League side Tottenham Hotspur could be the main beneficiary. According to the Daily Mirror Spurs chairman Daniel Levy is thrashing out a $60m deal to sign winger Arjen Robben, striker Klass-Jan Huntelaar and defender Gabriel Heinze.

Could signings made by Harry Redknapp's Tottenham help boost Real Madrid's transfer kitty?

Which would be good news for Real's bank balance before the Spanish giants plan to spend big once more.

British tabloid The Sun confirm Real are now front runners in the race to sign Bayern Munich winger Franck Ribery, despite interest from Barcelona, Chelsea and Manchester United.

Of course, a transfer wouldn't be complete without a report stating the complete opposite from a rival newspaper.

Thankfully the Guardian report Chelsea are actually the favorites to sign Ribery as Real are not happy with the price tag put on the France international. So that's that cleared up then.

Spanish sport paper Marca lead their speculation today with news that Cristiano Ronaldo is set to become the highest paid player in the world when he completes his move from Manchester United.

Marca say his wages will be $18m a season which is twice that of current club captain Raul.

Meanwhile, L'Equipe says that Arsenal, Lyon and Paris Saint Germain are waiting to pounce on French under-21 international Mouhamadou Dabo after the defender has refused to sign a contract extension with Saint Etienne.

The full back told the paper: "For now I am thinking of my treatment. I will then go on holiday and let my agent think of [potential transfers]."

The transfer window that operates during the close season of the European football calendar is a period of fervent business in the buying and selling of some of the world’s most talented players. Goalmouth will keep you up-to-date with the latest spin from the transfer markets until deadline day of August 31.

Heard any rumors? Let us know by adding a comment at the bottom of the page or check out CNN’s guide to the 20 most wanted football players:

Franck Ribery is the new king of the transfer gossip after former rulers Kaka and Cristiano Ronaldo have had their futures made more clear. The Daily Mail says that Bayern Munich chief Karl-Heinz Rummenigge has confirmed Manchester United, Chelsea, Real Madrid and Barcelona have made an approach for the Frenchman.

Ribery looks to pastures new?

Despite the clamor from the big clubs Rummenigge says:"These are big names, but Franck has a contract with us and will be staying in Munich."

Spanish sports daily AS thinks otherwise, however, as it has the inside track on the story. They've learned from Ribery's family, who are currently holiday in Ibiza that he only wants to go to Madrid. How's that for an impeccable source?

One big-money deal that looks set to go through is England international defender Glen Johnson from cash-strapped Portsmouth to Premier League giants Liverpool.  The Times  reported that a $27 million bid has been accepted. A Pompey club spokesman told CNN that "we've made no secret that we are open to offers for Johnson," but could not confirm the deal "at the moment."      

Meanwhile, The Guardian in Britain reports that Real Madrid are desperate to raise some cash by flogging their current squad. ­Nine players are being offered to Premier League clubs including Arjen Robben, Ruud van Nistelrooy, Gabriel Heinze, Klaas-Jan Huntelaar, Wesley Sneijder, Rafael van der Vaart and Royston Drenthe. The defensive midfielder Mahamadou Diarra and the striker Javier Saviola have also been made available.

Elsewhere, Carlos Ancelotti has been in contact with Argentina's Carlos Tevez to try and scupper the forward's move to Manchester City. The Sun says the Blues boss called the striker personally and did a great job of selling his side to the diminutive hotshot.

In Spain Marca is confident that David Villa will indeed be heading to the capital despite problems with negotiations. The sports paper runs with an interview with Jorge Valdano, Real's sport director, who says that a deal was agreed with Valencia for the player but that a late offer of by Barcelona may have scuppered the move. Real will move no further according to Valdano.

The transfer window that operates during the close season of the European football calendar is a period of fervent business in the buying and selling of some of the world’s most talented players. Goalmouth will keep you up-to-date with the latest spin from the transfer markets until deadline day of August 31.

Heard any rumors? Let us know by adding a comment at the bottom of the page or check out CNN's guide to the 20 most wanted football players:

Friday, 12 June:

Transfer talk is frenzied today after yesterday's announcement that Cristiano Ronaldo's move from Manchester United to Real Madrid could pump $130m into the market. The Times reports that the loss of the Portugal star could see an exodus from Old Trafford.

Could Vidic be off to Spain to please his wife?

Carlos Tévez, the Argentina striker, still wants to leave the club and United are bracing themselves for $40m offers from Barcelona, and possibly Real, for Nemanja Vidic. Apparently, Vidic's wife, Ana, is growing increasingly unsettled in Manchester and wants to move to a warmer climate.

The Guardian are more glass half full saying that United will now embark on a spending spree.

Luis Antonio Valencia could join in a $28m deal from Wigan Athletic along with Karim Benzema, though Lyon president Michel Aulas, has stated that Benzema will not leave for less than $112m. Franck Ribéry and David Villa are also on the hit-list in what the paper predicts could be "the most remarkable period of transfer spending in history."

The Daily Telegraph concentrate on the break down of Ronaldo's deal, confidently predicting that a 25 per cent annual pay rise would see the player earn $900,000 a week in the final year of his contract.

All the gossip in Spain and more specifically Marca, is on what number Ronaldo will take when he joins Real Madrid.

He currently has his own clothing brand based around the number seven he wears for United. However, due to the fact Raul occupies this number for Los Merengues, it looks like the Portugal playmaker will have to change to accommodate the nine. Life can be so mean some times.

Meanwhile, L'Equipe is convinced that Tottenham could benefit from a clear out of players at Real Madrid. According to the French newspaper Dutch striker Klaas-Jan Huntelaar could move to London after Spurs chairman Daniel Levy travelled to Madrid to talk money.

The transfer window that operates during the close season of the European football calendar is a period of fervent business in the buying and selling of some of the world’s most talented players. Goalmouth will keep you up-to-date with the latest spin from the transfer markets until deadline day of August 31.

Heard any rumors? Let us know by adding a comment at the bottom of the page or check out CNN's guide to the 20 most wanted football players:

Thursday, 11 June:

The Cristiano Ronaldo rumor-mill continues circulating apace. The Daily Mirror in Britain has discovered a 'leaked' contract concerning the Portugal playmaker which involves a transfer fee of $130m and a six-year contract with a annual salary of $15m. If this wasn't enough the deal also includes a whopping 25 percent rise every year. Manchester United accept record $130m offer for Ronaldo.

Ronaldo's potential transfer is making headlines again around the world.

Spanish paper Marca agrees with the sentiment claiming that Ronaldo will be playing in the white of Real Madrid next season after a world-record figure is paid. Marca says Jorge Valdano, among others sees the Portuguese teaming up with Kaka as a dream pairing.

Back in Britain the The Guardian reports that Ronaldo may not be the only one leaving Old Trafford – Sporting Lisbon have initiated talks with Manchester United about re-signing Nani in a swap move Joao Moutinho.

Apparently Nani could scupper the deal with the 22-year-old preferring a move to Italy.

Meanwhile, in Italy’s pink press, Gazetta Dello Sport, Inter chairman Massimo Moratti has moved to quell rumors that Serie A top scorer, Zlatan Ibrahimovic, will be Barcelona bound in the close season.

Moratti said "I am not pushing to sell players. We have extended Ibrahimovic's contract and coach Jose Mourinho has told me that he is happy with the player." Expect a move shortly then.

Elsewhere in Germany,De Bildconfirm Hoffenheim have signed Ghana striker Prince Tago. The sharp-shooter, who originally hails from Accra side Hearts of Oak, joins the Bundesliga side from Al-Ettifaq after signing a three-year contract.

In France L'Equipe asserts that Argentina defender Gabriel Heinze could be an early casualty of the new regime at Real Madrid. In a bid to at least see some money come back into the coffers of the mega-bucks spending Los Merengue, Heinze will return to Paris Saint Germain after a stint with the side in 2001-2004.

The transfer window that operates during the close season of the European football calendar is a period of fervent business in the buying and selling of some of the world’s most talented players. Goalmouth will keep you up-to-date with the latest spin from the transfer markets until deadline day of August 31.

Heard any rumors? Let us know by adding a comment at the bottom of the page, nobody likes gossip more than us:

Wednesday, June 10:

Rumor is rife that Chelsea are in negotiations for Sergio Aguero according to the Daily Star. The 21-year-old Argentina star, who currently plays for Atletico Madrid, has admitted he is flattered to be linked with a move to Carlo Ancelotti's side. Figures close to $75m are being touted as the amount needed to make the move for the striker go through.

Aguero seems keen on a move to London.

Not good news for Liverpool, who on the back of bad news about their finances this week are now facing the loss of a key midfielder. Argentina's Javier Macherano has revealed that he's keen on a move to European champions Barcelona, so says The Sun. The tabloid reports a bid of $30m is being prepared.

Elsewhere in Britain The Mirror reports news of change at Arsenal. William Gallas will jump ship after the expected arrival of Thomas Vermaelen.

The Arsenal boss will tie up Ajax's 23-year-old Belgian defender on a four-year-deal this week after paying a fee of $18m – and once this goes through both Juventus and AC Milan will line up to sign the 32-year-old Gallas.

El Pais reports that Real Madrid president Florentino Perez has announced his intention to "speak immediately with Manchester United" regarding the signing of Cristiano Ronaldo after Bayern Munich snubbed the Spaniard’s attempts to sign Franck Ribery.

"Ribery belongs to Bayern and Bayern did not want to sell," Perez told the Spanish media. Not like this has ever stopped you up to now Mr Perez!

Milan have received a knock back in their attempts to sign Bosnian Edin Dzeko from Bundesliga champions Wolfsburg according to Italy’s pink press La Gazzetta Dello Sport . The director general of Wolfsburg, Jurgen Marbach has said he has "no interest in starting negotiations for the striker."

Meanwhile German newspaper De Bild reports that the "Old Lady", Juventus, are keen on signing Stuttgart’s 22-year-old Serdar Tasci in an exchange deal with Swedish defender Olof Mellberg.

The transfer window that operates during the close season of the European football calendar is a period of fervent business in the buying and selling of some of the world's most talented players. Goalmouth will keep you up-to-date with the latest spin from the transfer markets until deadline day of August 31.

Heard any rumors? Let us know by adding a comment at the bottom of the page, nobody likes gossip more than us:

Tuesday, June 9

So the Kaka transfer saga has come to end, with the Brazilian finally sealing his widely rumored move from AC Milan to Real Madrid for $100M. The only point left to debate is does the figure placed on the playmaker's head constitute a world record fee? Well, yes in dollars but no in euros. Pesky currency fluctuations spoiling headlines around the world.

Could Villa be next on Real Madrid's hit list?

Real's spending under new president Florento Perez is unlikely to stop at Kaka and according to Spanish sports daily Marca, Valencia striker David Villa is close to signing at the Bernabeu.

Villa starred for Spain in their victorious Euro 2008 squad but his club side are in financial turmoil and an offer of $53 million plus bonuses will secure his services claims the report.

The Kaka move could see a domino effect of player transfers, certainly if the press are to be believed. Now rich with cash, AC Milan are the new front-runners to secure the signing of Wolfsburg hotshot Bosnian Edin Dzeko according to British tabloid The Daily Mirror. A move that would see Manchester City and Arsenal miss out.

Milan are also set to improve their bank balance with the sale of Brazilian star Alexandre Pato to Premier League Chelsea, who are now managed by their former coach Carlo Ancelotti.

Pato is quoted in La Gazzetta dello Sport talking up the move.   "It's an honor to be liked by a club like Chelsea," Pato said.

Carlos Tevez is "seriously considering ­leaving Manchester United for ­Manchester City" because he's in a huff about the way he's been treated, so says The Guardian. The fee needed to make the Argentine cross the city is widely thought to be around $40m.

In France L'Equipe is reporting that World Cup and European Cup winner Patrick Viera could be set to move back home. The 33-year-old has both Paris Saint Germain and Lyon keen to sign him for next season, this despite injuries severely limiting his appearances for Italian champions Inter in the previous campaign.

La Gazetta dello Sport reports that Luca Toni is a favorite of Barcelona coach Pep Guardiola. The two played together at Italian side Brescia, and Gazetta says Pep would like to bring the 32-year-old Italian from Bayern Munich, where despite a disappointing league finish, Toni weighed in with plenty of goals.

Meanwhile, a player who could join the Bavarian giants is Dutch defender Edson Braafheid according to Süddeutschen Zeitung.

Monday, June 8:

Gazzetta dello Sport report that Premier League runners-up Liverpool have made a concrete $30m offer to sign the Napoli striker Ezequiel Lavezzi.

Eto'o listening to offers from England?.

The player's agent, always a reliable source in transfer matters, Eduardo Rossetto has confirmed the two clubs are set to meet to discuss the 24-year-old Argentina international's move to Anfield.

Staying with the Reds, it seems Xabi Alonso will be staying put despite the midfield player’s desire to move to Real Madrid according the the British newspaper The Times.

Only a "mind-blowing" offer by the Spanish giants to prise the 27-year-old away from England – this despite Real president Florentino Pérez telling the same newspaper "of course we’d love to have him."

Elsewhere The Sun says European Champions Barcelona will this week make a final bid to keep Manchester City target Samuel Eto'o.

President Joan Laporta says despite a $40m bid he wants to keep the Cameroon hit-man at the Camp Nou: "Samu is a top-class player and there are offers for him. He has given us everything, and I don't just mean his goals, but also his attitude and character."

Spanish paper Marca says Kaká is "closer than ever to joining Real Madrid" – this after Real doctor Juan Carlos Hernandez traveled to the Brazilian city of Recife to perform a medical examination on the player.

The Brazilian federation have also given the club permission to unveil the signing on Monday after the player is understood to have agreed a $90m transfer and five-year deal.

Meanwhile, in France L’Equipe report that Lyon are interested in striker Mamadou Niang.

It’s understood interest is "real" for the Teranga Lion despite denials to the contrary though Didier Deschamps is in no mood to sell.

Friday, June 5:

Manchester City continue a-pace with their plans to rule the world according to the Guardian – top of their recruitment list is Wolfsburg hotshot Edin Dzeko. The 23-year-old German footballer of the year will cost $15m – but with 26 goals in 32 games it could be good business.

Dzeko is on the radar of ambitious Manchester City.

What would sport writers do without Real Madrid in the close season? Real chairman Florentino Perez has told L'Equipe he tried to convince Arsene Wenger to leave Arsenal to join the Spanish giants.

"We have always liked the Frenchman and we talked a lot with him," Perez said. Perez also confirmed to the same newspaper he, along with most other big clubs from Europe, is in talks with Bayern Munich about Frank Ribery.

Spanish sport paper AS confirmed the Merengues could be set to capitalize on the financial problems at Valencia by paying $40m for David Silva. The Times also ran with the story but focus on how the move will anger Liverpool boss Rafa Benitez who is fuming that he stands to miss out.

Julio Llorente and Amadeo Rangel, Silva’s agents, met Miguel Pardeza, Real’s sporting director, and Jorge Valdano, their director general, for nearly two hours at the Bernabeu yesterday.

Meanwhile, the sale of Zlatan Ibrahimovic is looking more likely if The Daily Telegraph is to be believed. The broadsheet says Inter president Massimo Moratti held a budget meeting with coach Jose Mourinho on Thursday and was later spotted dining with Barca counterpart Joan Laporta at a hotel in the Spanish city.

Prompting the Swede's agent Mino Raiola to add: "I only know that if the two clubs find an agreement we would not have trouble agreeing with Barcelona." Watch this space.

Thursday, June 4:

In an exclusive interview with Italy's La Gazzetta Dello Sport, AC Milan's Sport Director Adriano Galliani has told the pink paper the motivation for Kaka’s transfer is "purely economical."

Adriano Galliani looking suitably pleased with the impending loss of Kaka from Milan?

He added the decision could not be about the "heart" when such astronomical figures were involved because the Rossoneri are trying to compete with clubs at a "completely different financial level." Deal done and dusted then?

The British press have U-turned today in terms of Chelsea's bid to land Kaka: defeat has been conceded according the Guardian after Real Madrid have agreed a world record $90m for the player, the London side now have the hots for Bayern Munich's Franck Ribéry and David Villa of Valencia.

Whereas The Sun reports that the first move of Carlo Ancelotti will be to bring Brazilian Alexandre Pato from his former club to London.

The new Stamford Bridge boss has already offered his old club $50m for the 19-year-old striker according to the tabloid.

Barca may have cut through him like a hot knife through butter in the Champions League final but the Catalans want Manchester United's Nemanja Vidic – so says The Daily Mail.

The newspaper also reports Real Madrid will sign Liverpool's Xabi Alonso after Florentino Perez said: “I think he is the best passer of the ball in Europe. I would be happy [to have him]."

British broadcaster, Sky Sports News, says Obafemi Martins is a target for three Premier League clubs, with Everton, Arsenal and Aston Villa all keen to take advantage of Newcastle's relegation from the top flight.

Spanish newspaper, El Mundo Deportivo, states that Franck Ribery is the number one target for Barcelona with a price tag of $56m agreed between the Catalan side and Bayern Munich.

And it seems Cristiano Ronaldo's transfer between Real Madrid and Manchester United, far from being rumor, is already a done deal. An $120m agreement was struck at the end of last season – the one catch being that if Real pull out they have to fork out 60 million to the club and player in compensation. Softly, softly; catchy monkey.

Wednesday, June 3:

Brazilian star and former World Player of the Year, Kaka, has agreed to join Real Madrid from Italy's AC Milan in a $92 million deal, according to Spanish radio station Cadena Ser.

Cadena Ser claimed that Real president Florentino Perez had thrashed out a deal with AC Milan vice-president Adriano Galliani and Bosco Leite, Kaka's father and agent.

Kaka – should he stay or should he go?.

However, in true transfer-window style the man himself has said otherwise: "I'll say it for the last time. The last time. I don't want to leave Milan," he told La Gazzetta dello Sport.

Sources in Milan have told The Times that Chelsea — who were also targeting Andrea Pirlo — have offered Kaka “extraordinary” personal terms after they were advised of a possible hitch in the Real deal.

Manchester City's aggressive ambitions for the English Premier League continue – they plan to add to their $20m capture of Gareth Barry with a bid to lure Carlos Tevez from Old Trafford in a move that could be completed in the next 48 hours, according to British newspaper the Guardian.

Chelsea will improve Didier Drogba's existing $130,000-a-week contract to keep the Ivorian in London. The Daily Telegraph reports new manager Carlo Ancelotti says he wants to keep the 31-year-old who scored one of two goals to win the FA Cup on Saturday May 30.

Bayern Munich have been offered $70m for Franck Ribery by Chelsea, but this is not enough to seal the deal according to German newspaper De Bild.

Newly crowned European Champions Barcelona are looking to recruit, and top of Pep Guardiola's wish list is Inter Milan hotshot Zlatan Ibrahimovic according to La Gazzetta dello Sport.

Inter chairman Massimo Moratti values the Swede at $100m but according to the Italian sport broadsheet, a possible deal part exchange with Samuel Eto'o plus $40m cash could push things through.

Brazilian midfielder Ze Roberto is being linked with a move to big-spending Manchester City after Bayern Munich's refusal to offer him a new two-year contract.

The 34-year-old told newspaper Munich TZ: "I'm leaving with one eye smiling and the other in tears. "Right at the top of the list there is the interest shown by Manchester City," he added.

MANCHESTER, England – As Manchester United near the end of another remarkable season, Alex Ferguson is in history-writing mood.

Alex Ferguson has set his sights on consecutive Champions League crowns.

Not content with matching the record set by rivals Liverpool of winning the English league title 18 times, a trophy the Red Devils retained successfully in 2009 for the third season in a row, as well as taking the League Cup and the World Club Cup in the same campaign, United are now on the verge of a successful defense of the big one too - the European Cup.

Not that any weight of legacy was evident from the body language of Fergie's charges, as they trained at the club's plush Carrington training complex a week away from the final clash with Barcelona in Rome.

Despite the presence of at least 100 of the world's press in attendance the atmosphere was positively jovial and carefree, with only anxious cameramen concerned about their shots affecting the mood.

Top clubs are rarely easy to access for journalists but United's welcome embrace smacked of a club confident with its present state and rank of players. Cristiano Ronaldo is an awesome sight even in training, Wayne Rooney tricked and smiled his way around the pitch while Ryan Giggs and Paul Scholes exude that thoroughbred class that has proved so valuable down the years.

Only Dimitar Berbatov failed to live up to expectations, or vice versa depending on your opinion of the Bulgarian. Slow, soporific and unable to hit a barn door with a banjo all day long he stuck out from the energetic ensemble as a lone loafer.

After training, with filming half complete, player after player then filed past the never ending row of microphones to patiently answer the same recycled questions for an avid gaggle of media bods eager to get their second hit of the day. For starved hacks used to writing essays from monosyllabic scraps, this was a feeding frenzy of unexpected proportions.

Bobby Charlton says it could be the best ever United squad assembled. This is hard to quantify, but on this showing and as someone who saw the same body language from the same players displayed before the semifinal thrashing of Arsenal in London earlier in the month, Barcelona should beware. Fergie has pen in hand ...