Chelsea have agreed an £8.5m deal with Lokomotiv Moscow for Serbia international defender Branislav Ivanovic.
Bolton striker Nicolas Anelka is also set to move to Stamford Bridge for a £10m fee and Blues manager Avram Grant is considering making it a triple swoop by offering £26m for Tottenham forward Dimitar Berbatov.
Chelsea are set to make a double swoop for Sevilla defender Daniel Alves and Valencia striker David Villa, at a cost of £45m.
Derby and Fulham have joined the race to sign Blackburn midfielder Robbie Savage, who is also wanted by Sunderland.
Derby will sign former Newcastle winger Laurent Robert.
Aston Villa manager Martin O'Neill is preparing to offer former club Leicester £1m for 20-year-old defender Richard Stearman.
Birmingham manager Alex McLeish is set for a major clear-out at the club, releasing five players. Martin Taylor, Rowan Vine, Olivier Tebily, Neil Kilkenny and Neil Danns are all on their way out.
Birmingham manager Alex McLeish has his eye on Manchester City's out-of-favour Greece international striker Georgios Samaras.
Manchester United face competition from Barcelona for the signature of Bayern Munich left-back Philip Lahm.
Arsenal manager Arsene Wenger is lining up a move for Espanyol's 20-year-old keeper Kiko Casilla. And German stopper Jens Lehmann is set to leave the Gunners to join Borussia Dortmund.
Derby manager Paul Jewell is set to sign Tottenham midfielder Hossam Ghaly on a loan deal.
AC Milan are confident they will capture Barcelona's Brazil superstar Ronaldinho in the summer, despite interest from Chelsea
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