>Arsenal have held further talks with Lyon about 26-year-old striker Alexandre Lacazette, who would be a club-record £49m signing. (Telegraph)
The Gunners have made a £44m bid for France international Alexandre Lacazette and his arrival could mean compatriot Olivier Giroud, 30, leaving the club. (Guardian)
>Paris St-Germain are preparing a bid in excess of £60m for Manchester City striker Sergio Aguero, 29. (Times - subscription required)
Chelsea have agreed a deal in principle with Monaco for 22-year-old midfielder Tiemoue Bakayoko, and hope to complete the £35.1m signing next week. (Evening Standard)
>Manchester United are making progress in their pursuit of 24-year-old striker Alvaro Morata but have yet to agree a fee with Real Madrid. (ESPN)
Liverpool will bid for Monaco's 18-year-old striker Kylian Mbappe if they believe the Frenchman would be keen to move to England. (Times - subscription required)
>Arsenal manager Arsene Wenger has spoken to Mbappe to discuss a move to the Gunners and the teenager's career plans. (L'Equipe, via Independent)
Real Madrid manager Zinedine Zidane, meanwhile, has told Mbappe he will sell one of his strikers if the France international joins the Spanish club. (L'Equipe - in French, subscription required)
>Arsenal are ready to sell Alex Oxlade-Chamberlain to Liverpool, with the 23-year-old midfielder likely to be one of seven players to leave the Gunners this summer. (Independent)
Watford have refused to meet Arsenal's £15m asking price for left-back Kieran Gibbs, 27, and have instead switched their attentions to Middlesbrough defender George Friend, 29. (Evening Standard)
>Newcastle are close to completing an £8.7m deal for Eibar's 26-year-old defender Florian Lejeune.(Evening Chronicle)
Bayern Munich want to sign Atletico Madrid's 23-year-old Belgium winger Yannick Carrasco, who is valued at 50m euros (£43m).(AS)