Transfer Market

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The summer transfer window has officially opened and while the main attention is on the World Cup, clubs are working away on major deals. For most clubs, planning will already be complete and they will have identified which players they want to sign, and which players they want to sell.

Managers will be constantly assessing their squads with sporting directors and recruitment staff scanning the market for potential deals this summer. The rumour mill is still gathering pace and we've collated some of the biggest current transfer stories - you can access the full rumour mill below.

Today's biggest transfer stories

Barcelona are once again set to test Atletico Madrid's resolve by making an offer for Julian Alvarez. The LaLiga club released a statement insisting the Argentina international, 26, would not be sold for a fee lower than his €500 million release clause. However, Barca believe a bid of around €130m may be enough to get the deal done.

Manchester City and Tottenham are keen on Sporting CP winger Francisco Trincão, who briefly played for Wolves. The Portuguese winger has been linked with a €50m move to Al-Ahli, but he would prefer to stay in Europe and reports in his homeland suggest he could return to the Premier League.

Manchester United are looking to sign a goalkeeper to compete with Senne Lammens for the number one shirt. Paraguay stopper Orlando Gill, who impressed for the South American nation at the World Cup, has emerged as a target and can be signed for €6m due to a release clause written into his contract at San Lorenzo.

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Across recent years, Tottenham supporters have repeatedly criticised the board for failing to invest significant funds in the transfer window. That accusation certainly can’t be levelled at the Spurs hierarchy this summer as they’ve splurged on new signings with two months still remaining in the transfer window. An overhaul of the Tottenham squad was required after their massive underperformance last season and it was a prerequisite of Roberto De Zerbi accepting the job.

Spurs began their business with the shrewd acquisition of Andy Robertson and Marcos Senesi before Jan Paul van Hecke reunited with De Zerbi in a €60m deal from Brighton. That was merely the start with Tottenham ramping up their spending by investing an initial €207m on two central midfielders, Sandro Tonali and Matues Fernandes. Spurs smashed their transfer record with the €99m acquisition of Fernandes from West Ham before breaking it again with the €108m signing of Tonali from Newcastle. The North London club are far from finished in the summer window and we’ve ranked where their current outlay ranks amongst their record spends in a single season.

Tottenham Hotspur: Highest expenditure in single season

As of July 3rd, Tottenham’s total spend so far this summer stands at €267m, which ranks second for the club’s highest expenditure in a single season. Spurs’ biggest spend in a single season was from 2023/24 when they invested €275m on new signings. Several major transfers were completed in the summer of 2023 with Brennan Johnson (€55m), James Maddison (€46.3m), Pedro Porro (€40m), Micky van de Ven (€40m) and Dejan Kulusevski (€30m) all joining.

Realistically, Spurs’ spending this summer will smash their current record for highest expenditure in a single campaign as the window doesn't close until August. Spurs have surpassed the €100m mark in terms of spending in ten seasons across their history with 2025/26 ranking third. Last season, Thomas Frank was backed with Xavi Simons, Mohammed Kudus, Conor Gallagher and Mathys Tel arriving but all were flops minus Kudus, who got injured after a promising start.

Tottenham Hotspur have completed the signing of Sandro Tonali from Newcastle United. First reported by the Athletic, Newcastle have landed an eye-watering fee for the Italian international with Tottenham to pay an initial €108m, plus another €8.8m in bonuses based upon European qualification. Tottenham have already signed West Ham midfielder Mateus Fernandes, which smashed their current transfer record but the signing of Tonali will eclipses that. The 26-year-old is also now the 9th most expensive player in Premier League history.

It’s understood that the Italian’s representatives made clear to Newcastle chiefs that he wanted to seek a new opportunity this summer and it represents a significant profit for the Magpies. Tonali was enticed by the move to London, while he will also earn a much higher wage and he’s been sold on the project by countryman Roberto De Zerbi. It will be a summer of upheaval at Newcastle with Anthony Gordon joining Barcelona and there’s also legitimate interest in club captain Bruno Guimarães from Arsenal.

It’s been an incredibly busy start to the summer for Tottenham as they aim to overhaul their squad and transform their squad after narrowly avoiding relegation last season. Before agreeing to take charge for the final six games of the season and mastermind their escape, De Zerbi sought assurances that he’d be backed in the transfer window and that’s certainly been the case. Andy Robertson and Marco Senesi joined on free transfers, Jan Paul van Hecke arrived from Brighton with Fernandes and Tonali bolstering the midfield department.

The summer transfer window has officially opened and while the main attention is on the World Cup, clubs are working away on major deals. For most clubs, planning will already be complete and they will have identified which players they want to sign, and which players they want to sell.

Managers will be constantly assessing their squads with sporting directors and recruitment staff scanning the market for potential deals this summer. The rumour mill is still gathering pace and we've collated some of the biggest current transfer stories - you can access the full rumour mill below.

Today's biggest transfer stories

Market Value

According to reports in Spain, Real Madrid are weighing up a bid in excess of €200m for Michael Olise. The France international has developed into one of the best wingers in the world at Bayern Munich with Madrid known admirers.

Aaron Wan-Bissaka is reportedly on Arsenal's shortlist as they eye a new right-back this summer. Ben White is expected to depart North London and the West Ham defender could be a cut-price option as a replacement.

Tottenham are reportedly working on a deal to sign Rafael Leão. The Portugal international has confirmed his intention to leave AC Milan this summer with Spurs a potential destination.