Football transfer news and rumours: 'Arsenal close in on Virgil van Dijk as Shkodran Mustafi linked with Inter Milan'

Arsenal are closing in on the signing of Southampton defender Virgil van Dijk, reports The Sun.

The Dutchman has attracted interest from several clubs this summer - most notably Liverpool and Chelsea - especially after handing in a transfer request.

The Sun says Saints remain resolute that Van Dijk will not be sold, despite signing defender Wesley Hoedt from Lazio.

However, it is thought that a fee in the region £50 million would be enough to lure the 26 year-old from St Mary's and Arsene Wenger needs to strengthen his back line after reports that Shkodran Mustafi could be on his way to Inter Milan.

Cristiano Ronaldo has demanded a massive pay rise at Real Madrid, according to The Sun.

The Portugal international, who has recently been unsettled, wants to be paid £37 million a year (that's £700,000 a week!!!) to stay at the Bernabeu.

French newspaper L'Equipe claims Barcelona have agreed a £138 million deal for Ousmane Dembele after being continuously rejected by Liverpool in their pursuit of Philippe Coutinho.

Meanwhile, the Spanish giants say 30-year-old Turkey midfielder Arda Turan can leave on a free transfer, according to Spanish publication Sport, which has peaked the interest of Arsenal.

Speaking of Arsenal, Arsene Wenger could be ready to sell Alex Oxlade-Chamberlain, reports The Mirror.

The England international looks set to turn down the Gunners' final contract offer, with Chelsea and Liverpool on red alert.

Jack Wilshere could also be set to leave the Emirates, with Arsene Wenger prepared to sell him, writes The Guardian.

Italian media are reporting that Chelsea target Antonio Candevra is keen on staying at Inter Milan.

Swansea have stepped back in their pursuit of West Brom midfielder Nacer Chadli, according to The Daily Mail.

The Mirror is reporting that Leicester youngster Demarai Gray has told his club to play him or sell him.

Birmingham are still hoping to sign Middlesbrough winger Stewart Downing, reports The Birmingham Mail.

The London Evening Standard reports that Crystal Palace are interested in signing 33-year-old goalkeeper Michel Vorm from Tottenham.

Palace are also keen to bring Barcelona forward Munir El Haddadi to Selhurst Park.

And finally, Paris St-Germain have emerged as favourites to sign veteran Napoli goalkeeper Pepe Reina, who is now 34.