Arsenal's pursuit of Leicester City striker Jamie Vardy looked like it would be concluded before Euro 2016 a week ago.
However, the move has still not gone through, and according to a report in one of today's newspapers, the Gunners are braced for disappointment.
That is just one of the stories to have made the headlines, with Manchester United, Liverpool and Chelsea among the other clubs to feature.
Vardy is 80% likely to turn down Arsenal and stay at Leicester. (London Evening Standard)
Man United have made enquiries about Borussia Dortmund midfielder Henrikh Mkhitaryan, who is valued at £25million and is also an Arsenal target. (Daily Mail)
Jose Mourinho wants to bring Nani back to Man United from Fenerbahce. (DHA)
Troy Deeney wants to join Leicester, but Watford have rejected a £20million bid for their captain. (Daily Mirror)
Joe Allen could leave Liverpool, with Swansea City chairman Huw Jenkins admitting the club wants to re-sign him. (South Wales Evening Post)
Man United are set to offer Matteo Damian to Juventus as part of a bid to re-sign Paul Pogba. (The Sun)
Real Madrid are no longer interested in Man United goalkeeper David de Gea. (Marca)
West Bromwich Albion want striker Saido Berahino to stay, despite interest from Tottenham Hotspur and Stoke City. (Daily Mirror)
Inter Milan will bid for Manchester City midfielder Yaya Toure after being bought by Chinese investors. (Manchester Evening News)
Liverpool manager Jurgen Klopp wants striker Mario Balotelli to attend the club's pre-season training after AC Milan decided not to sign him. (Gazzetta dello Sport)
Chelsea target Kalidou Koulibaly says "big clubs" want to sign him after his contract talks with Napoli stalled. (L'Equipe)
Cesar Azpilicueta could leave Chelsea for Barcelona after the departure of Dani Alves. (Daily Telegraph)
West Brom could move for Brighton and Hove Albion defender Lewis Dunk if Wales international James Chester leaves this summer. (Birmingham Mail)
Meanwhile, it is relatively quiet on the transfer front at Newcatle United and Sunderland.