Arsenal must pay £45m while Chelsea close in and Sunderland suffer transfer blow

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Arsenal have been consistently linked with Real Madrid striker Karim Benzema over recent transfer windows, but no deal has materialised.

However, the speculation has continued this summer, and today, a report has suggested the Spanish club have set an asking price for the Frenchman.

That is just one of the stories to have made the headlines, with Chelsea, Sunderland and Liverpool among the other clubs to feature.

Arsenal will have to bid £45million to tempt Real Madrid to sell Benzema. (Daily Mail)

Chelsea are closing in on the signing of Augsburg left-back Baba Rahman, whose agent says he has agreed to join the Premier League champions. (Sky Sports)

The Gazette revealed that Queens Park Rangers midfielder Leroy Fer had failed a medical ahead of a move to Sunderland.

Manchester United have made an offer for Tottenham Hotspur striker Harry Kane. (Daily Express)

Liverpool have opened talks with Fiorentina over the sale of forward Fabio Borini. (talkSPORT)

Tottenham are ready to battle Newcastle United for Queens Park Rangers’ £15million-rated striker Charlie Austin. (Daily Mirror)

Spurs are set to beat PSV and Atletico Madrid to the signing of winger Jeison Lucumi. (Daily Mirror)

Ex-Inter Milan midfielder Alessandro Cannataro says he is considering offer from several Premier League clubs, having completed a trial with Leicester City, while Crystal Palace and Watford are also interested. (The Independent)

Real Madrid have paved the way for midfielder Asier Illarramendi to join Liverpool after telling him he does not have a place in their squad. (Fichajes)