Premier League giants Manchester City have agreed to sign Benfica goalkeeper Ederson Moraes for a record £35m according to the Portuguese champions.
"Benfica has reached agreement with Manchester City for the amount of 40m euros," the club told the Portuguese stock exchange, adding that 50% of the fee will be paid to “third parties”.
Man City have already created a vacuum for a goalkeeper after releasing Willy Caballero on Friday last week.
The 23-year-old rose into Benfica’s first team last March and has since made 37 appearances.
Meanwhile, City manager Pep Guardiola has already signed Portuguese international Bernardo Silva for £43m from Monaco but also remains interested in landing Monaco and French full-back Benjamin Mendy, 22.
Elsewhere, AFC Bournemouth have signed goalkeeper Asmir Begovic from Chelsea for a reported £10m.
Arsenal are interested in singing Leicester City winger Riyad Mahrez after he put in a transfer request. However, it has been reported that the Foxes want a whopping £50m for the Algerian international.
According to Sky Sport, Manchester United have turned down a £60m offer from Spanish champions Real Madrid to sing goalkeeper David de Gea.
Madrid are also willing to break the transfer record by signing Eden Hazard from Chelsea for £100m.
After signing his new deal, Arsenal manager Arsene Wenger has been given the task of finding his successor, with Bournemouth boss Eddie Howe in pole position to take over when the Frenchman leaves, according to Daily Mirror.
Crystal Palace have contacted Mauricio Pellegrino, 45, about replacing Sam Allardyce as manager. The Argentine, who was Rafael Benitez's assistant at Liverpool, stepped down as Alaves boss this week.