There have already been some high-profile transfers this week, with Rui Patricio swapping Wolves for Roma, Paris Saint-Germain signing AC Milan goalkeeper Gianluigi Donnarumma and Rodrigo De Paul joining Atletico Madrid from Udinese.
Transfers often have a knock-on effect and, as the done deals mount up, things are likely to get more and more frantic.
While Harry Kane, Jack Grealish and Erling Haaland continue to dominate the headlines, there are several intriguing subplots elsewhere.
Many of those who made their mark at the Euros have earned new admirers, for instance, and it wouldn’t be a surprise were some of the stars of the tournament to switch clubs before the start of next season.
With that in mind, here’s our Wednesday evening transfer round-up with all the latest developments.
Chelsea chase Chiesa transfer
As one of Italy’s most influential performers at Euro 2020, Federico Chiesa’s reputation has rocketed skywards this summer.
He may have had a mixed first season at Juventus, with the Bianconeri ceding the Scudetto to Inter Milan, but his success with the Azzurri has been enough to attract the interest of Europe’s wealthiest clubs.
According to Christian Falk, head of football at Bild , Chelsea have enquired about the possibility of a transfer. The starting point for negotiations would have been €100m (£85.4m), which just goes to show how high Chiesa’s stock is.
Frustratingly for the Blues, Juventus have refused to enter into negotiations. Whether or not they come back with an even bigger offer remains to be seen.
Tottenham renew Skriniar pursuit
Having failed to sign Inter Milan centre-back Milan Skriniar last summer, Tottenham could renew their interest in the weeks to come.
Calciomercato reports that Fabio Paratici, Spurs’ new managing director of football, is a long-term admirer of the Slovakia international. Paratici wanted to sign him during his time at Juventus, but Skriniar remained with the Nerazzurri and was instrumental in dethroning Juve as Italian champions last season.
Spurs may struggle to persuade Skriniar to leave San Siro, however. Despite the instability at Inter this summer, he is happy at the club and, having sold Achraf Hakimi to PSG for €60m (£51.3m) plus add-ons, they are not as desperate for cash as they were a few weeks ago.
Spurs have also been linked with Sevilla centre-back Jules Kounde and Bologna defender Takehiro Tomiyasu, so they have other options if it proves impossible to convince Skriniar to move to the Premier League.
Messi to take wage cut to stay at Barca
In a potentially momentous development for Barcelona, Lionel Messi looks ready to commit to a new contract at Camp Nou.
Messi has been a free agent since the start of the month, when his last deal came to an end.
While he has been linked with Manchester City and PSG, he looks set to end the feverish speculation over his future.
Messi could ultimately end up taking a 50 per cent wage cut to stay at Barca, with a five-year deal on the table.
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