David De Gea to Real Madrid: Transfer news live - Petr Cech to Arsenal, Alex Oxlade-Chamberlain to Chelsea, Hugo Lloris to Manchester United

Follow the latest transfer news and rumours throughout the day

Raheem Sterling, Petr Cech, Radamel Falcao and Alex Oxlade-Chamberlain (Getty Images)

Manchester City have made a second improved offer for Liverpool winger Raheem Sterling, thought to be a hefty £40m. Follow the latest developments below.

• Manchester City tempt Liverpool to sell Raheem Sterling with £40m bid.
• Arsenal reject Chelsea's offer to swap Petr Cech for Alex Oxlade-Chamberlain.
• Chelsea agree season-long loan for Monaco striker Radamel Falcao.
• Burnley full-back Kieran Trippier having medical at Spurs ahead of £3.5m move today.
• Stoke complete signing of Spanish striker Joselu from German club Hannover.
• Newcastle keen to take United forward Jesse Lingard on loan.

Follow the live transfer news below:

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