Chelsea and Arsenal will both be looking to launch a Premier League title challenge next season, and are both making moves in the transfer market.
With Euro 2016 now over, the speculation has started to increase, and today, both clubs have been linked with big-money deals.
They are just two of the clubs to have made the headlines, though, with Manchester United, Liverpool and Tottenham Hotspur among the others to feature.
Chelsea are set to rival Arsenal for the signing of Barcelona midfielder Arda Turan. (Sport)
Jose Mourinho is set to tell Juan Mata, Bastian Schweinsteiger, Marcus Rojo and Daley Blind they are surplus to requirements at Man United. (Daily Record)
Mata could join Villarreal or Everton. (Super Deporte)
It will cost more than £50million to prise Dimitri Payet away from West Ham United, according to co-chairman David Gold. (BBC Radio 5 Live)
Chelsea are hoping to open talks with Premier League champions Leicester City over a move for midfielder N'Golo Kante. (Daily Telegraph)
Liverpool will not follow up their interest in Bayern Munich forward Mario Gotze, meaning Tottenham and Borussia Dortmund will battle it out for his signature. (Liverpool Echo)
Chelsea scouts are set to watch West Ham teenager Reece Oxford when he plays for England's Under-19s on Friday. (Daily Mirror)
Manchester City are lining up a £20million move for Atletico Madrid defender Lucas Hernandez. (The Sun)
Everton have made a £25.5million offer for Juventus defender Daniele Rugani. (Calcio Mercato)
Christian Benteke's agent insists the Crystal Palace target is not on the brink of leaving Liverpool. (London Evening Standard)
Tottenham target Mauro Icardi is valued at £43million by Inter Milan. (AS)
Moussa Sissoko will only be sold by Newcastle United if a club offers £35million for the French midfielder. (The Independent)
Celtic are lining up a £3million offer for Aston Villa forward Scott Sinclair. (Daily Telegraph)
Chelsea target Felipe Anderson will be allowed to leave Lazio for the right price. (Gazzetta World)
Former Arsenal goalkeeper Alex Manninger, 39, is training with Liverpool, (The Sun)
Everton are keen on £42million-rated Napoli defender Kalidou Koulibaly. (Liverpool Echo)
Marlos Moreno is set to join Man City from Atletico Nacional. (Daily Mirror)
Chelsea could table a £34million offer for Sporting Lisbon midfielder Joao Mario. (A Bola)
Aston Villa want to sign Bristol City striker Jonathan Kodjia. (Birmingham Mail)
Meanwhile, it is relatively quiet on the transfer front at Sunderland.