As it happenedended

Transfer news live: Chelsea eye Renato Sanches as Barcelona target Arsenal star if Philippe Coutinho stays at Liverpool

Follow the latest from the summer transfer window

Monday 31 July 2017 07:19 BST

Summer transfer window 2017: Latest rumours

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Neymar could complete a world record £200m transfer to Paris Saint-Germain this week despite Barcelona’s desire to hold onto the Brazilian in what is likely to be an era-defining move.

No transfer fee has ever surpassed the £100m barrier, but PSG are prepared to obliterate it by activating Neymar’s £198m release clause that would not only set a new transfer record bigger than the £89m Manchester United paid Juventus for Paul Pogba, but also signal a changing of the guard as Barcelona become the raided, not the raider.

The sale is likely to trigger a fresh offer from Barcelona for Liverpool’s Philippe Coutinho, but they also have interest in world class pair Paulo Dybala and Antoine Griezmann.

Manchester United meanwhile are preparing to announce the completed move for Nemanja Matic, with manager Jose Mourinho delving into his former club to sign the Serbian midfielder for around £40m.

Finally, Tottenham are ready to move for Everton’s wantaway midfielder Ross Barkley, but will not bow to the England international’s wage demands as the club do not want to pay him the £120,000-a-week he is currently looking for.

Follow the live news below...

Please allow a moment for the blog to load...

We start the morning at Arsenal, where despite the threat of having five first-team players entering the final year of their contracts, Arsene Wenger believes he has the "ideal" situation on his hands.

Given that two of those players are Alexis Sanchez and Mesut Özil, we're not sure what he's on about.

Here's the full story: