LIVE Transfer Talk: Arsenal may beat Liverpool to Bayern’s Thiago

The transfer market has geared up as teams prepare for beginning of their seasons. Here are the rumours floating around Europe’s big leagues and beyond.

TOP STORY: Arsenal interested in Bayern’s Thiago

Arsenal have made a move for Bayern Munich midfielder Thiago Alcantara, the Daily Mail reports.

For the last few weeks it has seemed certain that Thiago would be making his way over to Anfield to join Liverpool, and with one year left on his deal, Bayern are eager to sell. The Spain international won’t sign a new contract at Bayern and is keen on a move to the Premier League.

However, sources told ESPN in July that the Premier League champions would only likely to enter the transfer market if a significant member of Jurgen Klopp’s squad leaves, with Georginio Wijnaldum‘s future in doubt.

So Arsenal have spied a gap, though if they want to get a transfer over the line the Gunners will need Bayern to lower their £23 million asking price for the 29-year-old — and they could also be forced to sell Mohamed Elneny and Lucas Torreira as well.

LIVE BLOG

12.44 BST: ICYMI – Chelsea are closing in on a deal to sign Leicester City defender Ben Chilwell after the Midlands club finally dropped their £80m valuation, sources have told ESPN’s James Olley.

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Julien Laurens believes Frank Lampard was certain to eventually land Ben Chilwell from Leicester City.

12.15 BST: Two bits of Italian transfer gossip from Gianluca Di Marzio.

– Former Liverpool goalkeeper Pepe Reina is set to join Lazio. The 37-year-old spent last season on loan at Aston Villa from AC Milan but is now heading back to Serie A.

– Napoli forward Jose Callejon is in talks to join Villarreal as a free agent after seven years with the club.

11.57 BST: Manchester United remain determined to sign Jadon Sancho from Borussia Dortmund this summer, but an inability to agree personal terms with the player and negotiate an agent fee with his representative is holding up any deal with the German club, sources have told ESPN’s Mark Ogden.

And now the Daily Express reports that United could walk away from negotiations over the 20-year-old and wait a year.

11.15 BST: Wolves winger Adama Traore could be sold, says the Mirror, as the club have to raise funds if they want to sign new players.

Traore, 24, has attracted interest from Liverpool and Sevilla’s Lucas Ocampos is being eyed up as his potential replacement, according to Sky Sports.

The 26-year-old Argentina international knocked Wolves out of the Europa League quarterfinals with a late goal last week. So they’ll know all about him at least.

10.46 BST: Finding a good player on a free transfer is like goldust this summer and 21-year-old Malang Sarr is attracting a lot of attention after leaving Lille.

Sarr, a tough tackling defender, is on the radar of both Arsenal and Barcelona, according to the Daily Mail.

No surprise, given the limited finances at both clubs’ disposal.

10.08 BST: Antonio Conte will discuss his future with Inter Milan owners on Tuesday,