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Could Nicolas Otamendi head to Man City after Man United drop interest?

As always, Transfer Talk has its finger on the pulse when it comes to all the latest rumours and gossip. See all the latest deals here.

TOP STORY: Man City target Valencia's Nicolas Otamendi

Manchester City have spent around £71 million on new signings this summer, and the Mirror reports that the total figure could end up closer to an eye-watering £150 million by the end of the transfer window.

The paper states that City hope to tie up a deal for Kevin De Bruyne in the coming days that likely will reach in excess of £47 million, with the Wolfsburg star a "complete player," according to captain Vincent Kompany. And they will follow that up with a £35 million offer for Nicolas Otamendi. The Valencia centre-back has been linked with Manchester United for months now, but sources have told ESPN FC that Louis van Gaal is not pursuing the player and no deal is on the table.

Sources have also told ESPN FC that United are considering Everton's John Stones, and with Spanish daily AS reporting that Diego Godin is set to sign a new deal with Atletico Madrid that will keep him through 2019, City now are likely to turn their full attention to Otamendi.

LIVE BLOG

22.59 BST: That's going to do it for Thursday's live edition of Transfer Talk. Thanks very much for joining us, and please check back in a few hours when we return with the latest gossip pulled from the headlines of Friday's papers.

22.50 BST: Ross McCormack is set to be rewarded with a new and improved deal at Fulham, according to multiple reports. Read more.

22.31 BST: Manchester United and Manchester City are keeping tabs on Barnet striker Matt Stevens, sources have told ESPN FC. Read more.

22.12 BST: Sky Sports reports that Middlesbrough have agreed a fee with Leicester City for forward David Nugent.

21.53 BST: Southampton boss Ronald Koeman says there is "no way to sell" captain Jose Fonte, even as the club works to bring in another defender. Read more.

21.34 BST: Leicester City have beaten off competition from Schalke 04 and West Ham to secure the signature of Gokhan Inler, the Express cites Sky Sports Italia as reporting.

21.15 BST: Villarreal's signing of Roberto Soldado is "imminent," according to ESPN Deportes' Jorge Ramos, as the Tottenham striker is photographed leaving the Spanish club's offices.

20.56 BST: Tottenham striker Emmanuel Adebayor is stalling on his proposed transfer to Aston Villa as he holds out for a move across London to West Ham, reports the Mirror.

20.37 BST: Arsenal are closing in on a new three-year contract for defender Nacho Monreal, according to the Mail.

20.18 BST: With Lucas Leiva's days at Liverpool now numbered, the Brazilian's agent is traveling to Milan on Friday for a meeting with AC Milan representatives over a possible transfer, the Liverpool Echo cites Gazzetta dello Sport as reporting.

19.59 BST: Juventus are plotting a last-minute loan deal for Chelsea's Juan Cuadrado, but only if moves for their primary targets fall through, reports Gazzetta dello Sport.

19.40 BST: With Leighton Baines potentially out until November with an ankle injury, Everton are eyeing up a loan deal for Manchester United's Alexander Buttner, reports the Mail.

19.21 BST: West Brom are interested in bringing Morgan Amalfitano back to the Hawthorns, where he spent the 2013-14 season on loan, after the Frenchman has been frozen out at West Ham, according to the Birmginham Mail.

19.02 BST: DONE DEAL MLS side Real Salt Lake have announced the signing of Juan Manuel "Burrito" Martinez, who moves to the U.S. from Boca Juniors.

#RSL Nation, please join us in welcoming former Boca Juniors FW Juan Manuel Martinez - nicknamed #ElBurrito - to the club #BELIEVE #AsOne

A photo posted by realsaltlake (@realsaltlake) on

18.43 BST: Bristol City manager Steve Cotterill has given Dwight Gayle a deadline of the end of the week to decide whether or not to leave Crystal Palace for the Championship, reports the London Evening Standard.

18.24 BST: Tottenham are prepared to move along Federico Fazio just 12 months after his arrival from Sevilla, reports the Daily Mail. West Brom and Lyon are reportedly interested in the Argentine centre-back.

18.05 BST: Real Madrid full-back Alvaro Arbeloa is set to see out the final year of his contract at the Santiago Bernabeu despite not being assured any playing time, reports Marca. The Spanish international has been linked to a move to MLS, but the Madrid-based publication reports that Arbeloa is likely to move to the U.S. after his contract expires next summer.

17.46 BST: West Ham are chasing Valencia striker Alvaro Negredo, reports the Metro. After moving to Manchester City from Sevilla in 2013, the Spaniard spent one season in the Premier League before arriving at the Mestalla last summer on a loan with an obligation to buy. Will he join his third different club in three summers?

17.27 BST -- DONE DEAL: Augsburg have signed former Porto player Daniel Opare on a three-year deal. The 24-year-old Ghana international defender, who joins on a free transfer as a free agent, said that Chelsea-bound Baba Rahman had encouraged him to join the Bundesliga club.

17.15 BST: Watford head coach Quique Sanchez Flores has said he believes incoming forward Alessandro Diamanti will inject pace into his Hornets side.

Diamanti has been training with Watford for more than a week but his move -- understood to be a season-long loan -- from Chinese side Guangzhou Evergrande is unlikely to be completed in time for him to face West Bromwich Albion on Saturday.

16.45 BST -- DONE DEAL: Benfica have completed the signing of Raul Jimenez:

16.24 BST: League Two Oxford United, the stars of this week's Capital One Cup matches with a 4-0 win at Brentford, have signed 21-year-old attacking midfielder John Lundstram from Everton.

16.09 BST: Hamburg have confirmed that they won't be signing Alen Halilovic on loan from Barcelona:

15.42 BST: A little bit more from LVG -- this time on Adnan Januzaj, who has been linked with a move to Sunderland nbut is staying at Old Trafford, according to the boss. Van Gaal told his news conference he was "not for sale" and added: "He is doing his utmost best -- all the players are doing that. I don't have any complaints."

15.36 BST: David De Gea to Real Madrid -- will it happen, or won't it? According to Manchester United boss Louis van Gaal, the situation is the same as it ever was. He told a news conference: "There's no difference. The transfer period is still open and he [De Gea] has still the same problem."

15.33 BST: Bayern Munich have said Thomas Muller and Mario Gotze will not leave this summer.

Manchester United have targeted Muller and, while Bayern have repeatedly said he is not for sale, German football magazine kicker reported on Thursday that Louis van Gaal has not given up on the Germany international.

Speaking to reporters during at PR event in Munich on Thursday, though, Bayern CEO Karl-Heinz Rummenigge said: "Louis van Gaal is very stubborn, but there is no price for Thomas Muller."

15.23 BST: Leicester boss Claudio Ranieri is keeping his cards close to his chest as far as the possible arrival of Gokhan Inler is concerned... well, he is until he has something to tell us, says the BBC:

14.57 BST: Barnet youngster Matt Stevens is interesting both Manchester United and Manchester City, sources have told ESPN FC.

14.43 BST: Southampton manager Ronald Koeman has said captain Jose Fonte won't be going anywhere this summer despite being linked with a switch to Aston Villa. Koeman told a news conference: "He is our captain, he is a very strong defender and he is a club man. I don't think for one second think about selling him. There is no way we will sell him."

14.19 BST: Manchester City target Kevin De Bruyne will not request a transfer, according to the Wolfsburg star's agent, while Bayern Munich, as reported below, have said they will not bid for the midfielder. Story here.

14.00 BST: West Ham boss Slaven Bilic has confirmed that France international midfielder Morgan Amalfitano, who was not in the squad for the opening day win over Arsenal, had been punished for missing a team meeting.

Bilic dismissed reports of a bust-up as sensationalised, but said: "He's not in the first team any more, and that is it. I have to protect the team. I said it to players at the start -- these things are not new. They are more or less the same at every football club.

"If I feel that someone is damaging it [the unity of the team] in a way, I have to react. And I did that.''

13.53 BST: Raul Jimenez is poised to wrap up a move to Benfica from Atletico Madrid, Spanish newspaper AS reports:

13.50 BST: Sky Sports reports that Sunderland with Liverpool to bring back striker Fabio Borini -- who rejected a permanent move to them last season -- for another loan spell.

13.25 BST: Arsenal have informed Mathieu Flamini that he can leave the club before the transfer window closes, sources have told ESPN FC.

Flamini, 31, has fallen behind Francis Coquelin and Mikel Arteta in the pecking order and has been told he is surplus to requirements in north London. The Frenchman, who made his last Premier League start in December, was not involved in Arsenal's matchday squads for the Community Shield win over Chelsea or the Premier League defeat to West Ham.

13.20 BST: It seems it's not goodbye for Tottenham striker Roberto Soldado yet, despite what Erik Lamela tweeted (see 10.30 BST) and ongoing links with Villarreal.

Manager Mauricio Pochettino told a news conference: "It's true that the club gave him permission to go to Spain, but nothing more." Pochettino said Andros Townsend was "part of my plan" but that striker Emmanuel Adebayor "is not, and he knows."

13.00 BST -- DONE DEAL: Atletico Madrid's Hector Hernandez is off to Elche on loan:

12.56 BST: Stoke, quite rightly, are pretty pleased with their new signing:

12.55 BST: Bayern Munich CEO Karl-Heinz Rummenigge has a reassurance for Wolfsburg as they battle to hold on to sought-after Kevin De Bruyne, telling a news conference: "We will not cause VfL Wolfsburg any headaches. We will not intervene, that's 100 percent clear. I am friend of the idea of respecting contract length."

12.45 BST: News from Newcastle, where the Chronicle reports that Magpies squad players including Haris Vuckic, Gael Bigirimana, Mehdi Abeid and Kevin Mbabu could all be on their way from St James' Park. Coming in, the paper says, could be Werder Bremen defender Jannik Vestergaard and Leeds defender Sam Byram.

12.40 BST: Germany under-19 international Thilo Kehrer is expected to force a move to Inter Milan after going AWOL at Schalke.

Schalke sporting director Horst Heldt told Bild the defender, 18, failed to report back for training on Friday after playing at the European Under-19 Championship. Bild says there is a disagreement over the validity of Kehrer's contract, with the player's advisors believing he is free to sign for Inter. The teenager did not play for Schalke's first team last season.

12.30 BST: Crystal Palace's Adlene Guedioura has turned down a move to QPR, sources have told ESPN FC.

12.03 BST: Watford are on the brink of their 9,540th signing of the summer, with ex-West Ham striker Alessandro Diamanti close to a move to Vicarage Road from Chinese club Guangzhou Evergrande.

Hornets boss Quique Sanchez Flores told a news conference: "The clubs are talking to arrange the last details, and I expect him to come to us. It will be difficult for Saturday, but the deal is close."

11.40 BST: We've had the daily Kevin de Bruyne update, so it must be time for the daily Pedro one as that Manchester United link just won't go away. This is what his Barcelona coach Luis Enrique has to say: "We all know the situation Pedro is going through.

"We want him to stay, but it is a difficult decision. At the moment it is has not changed, but it will. I understand his situation. He wants to play more, I want him to stay."

11.33 BST -- DONE DEAL: That didn't take them long. Everton confirm the signing of defender Mason Holgate from Barnsley:

11.02 BST: The BBC reports that Aston Villa are set to make a tenth signing of the summer in the shape of Barcelona's Adama Traore, with a deal potentially being completed today.

10.55 BST: Joey Barton is still without a club, but said on Twitter that he had spoken to Nottingham Forest manager Dougie Freedman and hinted that something could happen:

10.45 BST: News from the Netherlands:

10.30 BST: Has Roberto Soldado wrapped up his move from Tottenham to Villarreal, a switch that has been mooted for most of the summer? Well, his White Hart Lane colleague Erik Lamela posted a tweet -- swiftly deleted - in which he wrote under a picture of the two players together: "I enjoyed these two years that we shared, I wish you well in your new club. Good luck my friend!"

10.20 BST: A west London tug-of-war for defender Tim Ream -- his third mention of the day already -- could be breaking out, it seems, with sources telling ESPN FC that Fulham are set to match Queens Park Rangers' bid to sign him.

QPR agreed a fee in the region of £1.4 million with Bolton for Ream on Wednesday after seeing several previous offers rejected by their Championship rivals, and Bolton boss Neil Lennon confirmed on Thursday morning that QPR's bid had been accepted. Fulham, however, remain in the race and Ream may have to decide whether he wants to go to Loftus Road or Craven Cottage.

10.10 BST: An Augsburg defender is on the move... but it's not Baba Rahman, and he's not going to Chelsea. Right-back Ronny Philip has left after only 14 Bundesliga games to join second-tier club Heidenheim

10.05 BST: A further development on the Tim Ream line from earlier today -- Bolton manager Neil Lennon says his move to QPR could go through soon. He told a news conference: "We're close to agreeing a deal with QPR for Tim Ream. He is a good player and has been very consistent for us. It frees up a wage, and we'll look to use that. If we can get a couple of players in then it'll improve the squad."

09.55 BST: Inter Milan hope they will be able to complete a move for Ivan Perisic after Wolfsburg left the winger out of a friendly on Wednesday.

Following the sale of Xherdan Shaqiri to Stoke, the Nerazzurri are firming up their interest in a player who has made it clear he wants to join them.

09.30 BST: Barnsley defender Mason Holgate, who trained with Manchester United earlier this summer, will complete his move to Everton today, the Merseysiders have said on Twitter, with manager Roberto Martinez praising his qualities. Yesterday, ESPN FC revealed that he would be moving to Goodison Park.

09.25 BST: Back to France, where reports suggest that Wolfsburg are interested in Toulouse forward Wissam ben Yedder, but say the Bundesliga runners-up are willing to pay up to €10 million rather than the €12 million Toulouse are looking for.

09.22 BST: Sunderland striker Steven Fletcher has said he is ignoring speculation about a possible move as he attempts to get back to goal-scoring form. The Scotland international, who scored in the 4-2 defeat to Leicester and is out of contract at the end of the season, told the Sunderland Echo: "I haven't really thought about it, to be honest. I've got other things on my mind trying to stay fit and score goals. I've had a few talks with the club, but nothing serious as yet."

09.15 BST: Paris Saint-Germain are looking at Atletico Madrid left-back Guilherme Siqueira as a potential replacement for Lucas Digne, who is set to leave the Ligue 1 champions for Roma. However, L'Equipe claims PSG would prefer to sign Monaco's Layvin Kurzawa.

09.10 BST: Monaco coach Leonardo Jardim has told reporters that Aymen Abdennour's absence from the matchday squad for the Ligue 1 opener against Nice was down to a lack of match fitness, not an impending transfer. "He's coming back after eight weeks out with injury," Jardim said. "He'll return when he's 100%."

09.04 BST: Celta Vigo attacker Nolito said he would not be able to turn down Barcelona amid speculation he is set to return to the Camp Nou as a replacement for Pedro. Story here.

09.01 BST: With Real Madrid's squad already a little heavy on numbers, and new arrivals possible, who'll be on the way out? AS suggests Martin Odegaard and Lucas Silva are the most likely candidates.

08.48 BST: West Ham midfielder Morgan Amalfitano looks set to leave the club, with St Etienne linked. The Daily Mail reported yesterday that the player had been excluded from training because of his attitude, and Hammers boss Slaven Bilic has now confirmed as much in his Evening Standard column.

08.30 BST -- DONE DEAL: Bayer Leverkusen have completed the signing of Chile international Charles Aranguiz from Internacional on a five-year contract. He's reported to have cost around €12 million.

08.24 BST: The Yorkshire Evening Post says Leeds United could end their interest in NEC Nijmegen winger Anthony Limbombe after the Dutch side rejected their £1.5 million offer.

08.19 BST: Alberto Moreno has been talking to Marca about his happiness at Liverpool and how Mario Balotelli has been "unfairly maligned." Story here.

08.11 BST: United States defender Tim Ream could be making a move from Bolton to Championship rivals Queens Park Rangers.

07.43 BST: Daily Kevin De Bruyne update, part 1,203: kicker says Wolfsburg are willing to negotiate with Manchester City, and that talks took place when Wolfsburg were at the Emirates Cup in London last month.

07.30 BST: With Lucas Digne set to join Roma, Paris Saint-Germain could bring in Monaco left-back Layvin Kurzawa.

07.17 BST: Respected German football magazine kicker says Manchester United have still not given up on Thomas Muller However, Bayern have already made it very clear he's not for sale, and kicker says the Germany international just wants constant playing time, and can do without the extra money on offer at United.

Juventus target Chelsea duo

Juventus are in the midst of a 2014-15-season hangover, having sold a number of stars and seen key additions such as Sami Khedira dropping like flies to injuries in recent weeks.

The Daily Mail reports that the Serie A champions will seek to solve their midfield woes by enquiring with Chelsea about Juan Cuadrado and Ramires, whose Premier League futures are uncertain. Cuadrado is likely to be allowed to leave Stamford Bridge as he has struggled for a first-team role since signing from Fiorentina in January, though Chelsea manager Jose Mourinho is said to be keen to hang on to Ramires.

However, a massive joint bid could well tempt the Blues into parting with the duo. In other Juve news, Tuttosport reports that the Bianconeri will use the money that Sevilla are set to pay for Fernando Llorente to put toward a huge bid for Julian Draxler.

Former Chelsea man backs Pedro move

It is not about the money for Barcelona's frustrated forward Pedro, who has dismissed claims from Barca director Robert Fernandez that he is set to join Manchester United in order to earn a huge pay raise.

Still, the 28-year-old Spaniard undoubtedly will be handed a tidy wage increase if he opts for Old Trafford, while former Liverpool and Chelsea striker Fernando Torres has stated that Pedro "has everything to succeed in The Premier League."

Marca reports that Javier "Chicharito" Hernandez will leave Old Trafford if Pedro arrives, so expect plenty of movement soon. Meanwhile, United are all but certain to miss out on Sergio Ramos with Spanish dailies Marca and AS reporting that the centre-back has agreed a new Bernabeu deal until 2020.

Spurs seek Berahino on a budget

Having signed Salomon Rondon from Zenit for a club-record £12 million, West Brom's insistence on keeping Saido Berahino could well change if a tempting offer is put on the table.

The Daily Mail reports that Tottenham are confident of landing the young English striker, but are eyeing a deal for around £18 million -- £7 million short of the Baggies' asking price. Meanwhile, the Mirror suggests that Sunderland will not be put off by Spurs' £15 million price tag placed on Mousa Dembele, a tidy figure that could well end up making the difference between Berahino playing at White Hart Lane instead of The Hawthorns this season.

Ronnie and Rooney in LA?

Wayne Rooney and Cristiano Ronaldo back together again?

The Manchester United striker has little chance of a move to Real Madrid, while United cannot really afford to re-sign the Portuguese star. However, the Mirror reports that the two could reunite in MLS with new franchise LAFC "obsessed" with bringing Ronaldo to the United States in 2018. With the backing of 22 wealthy individuals, LAFC are reportedly seeking to sign Ronaldo as their first designated player in 2018, with Rooney also "very high" on their wanted list.

TAP-INS

- The Daily Star reports that Leicester City boss Claudio Ranieri is trying to persuade Gokhan Inler that his future lies at the King Power Stadium rather than with Napoli -- a tough sell, but one that the Foxes are hoping to clinch within the next 48 hours.

- From hero to zero: Michu was once the toast of Swansea City, but coach Garry Monk has told the South Wales Evening Post he is "surprised" the Spanish forward is still at the Liberty Stadium and that a transfer is suitable for the club and the player.

- Mattia Destro to Norwich? That's what the Daily Mail says, with the Canaries reportedly offering Roma £4.5m for the 24-year-old striker.

- Charlie Austin is in no danger of rocking the Loftus Road boat, or tipping it over on the Thames for that matter -- QPR boss Chris Ramsey says the forward has been a model professional amid all the transfer speculation.

"He has not rocked the boat or made any disturbances in the changing room about not wanting to be here," the Guardian quotes Ramsey as saying. "Nobody wants a bad professional around the place."