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LIVE Transfer Talk: Arsenal, Tottenham eye Real Madrid's Isco

Amid all the action at Euro 2020 and the Copa America, the summer transfer window has opened, with Europe's biggest clubs looking to make a splash in the transfer market. Check out the latest gossip below, and see all official deals here.

TOP STORY: Arsenal, Spurs eye Real's Isco

Arsenal and Tottenham Hotspur are monitoring the future of Real Madrid midfielder Isco, according to the Sunday Mirror.

The 29-year-old's fate will be decided in the near future when he meets with new manager Carlo Ancelotti. The attacking midfielder has a year left on his deal and a renewal is looking unlikely, so Real Madrid must move him on this summer if they are to get a reasonable transfer fee. But the player commands at least £6 million in wages, which will complicate any deal.

The Gunners are looking for an attacking midfielder following the departure of Martin Odegaard, who impressed in his loan stint in London from Real Madrid. But Spurs are able to offer European football, as they compete in the inaugural UEFA Europa Conference League.

AC Milan, who have Champions League football, are also interested in Isco, so there will be added competition for the Spaniard, whether he leaves this summer or next.

Isco joined Madrid in 2013 from Malaga for £27m, and has made over 300 La Liga appearances. But he has started only 34 league games in the last three seasons and is seen as surplus to requirements.

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LIVE BLOG

21.44 BST: Twenty-five-year-old Ajax goalkeeper Andre Onana, who will complete a nine-month suspension from football in November following a contentious doping rules violation, has agreed to join historic French club Lyon, L'Equipe writes.

20.51 BST: Amid interest from Aston Villa, who had reportedly had multiple transfer bids of up to £30m rejected, 20-year-old midfielder Emile Smith Rowe is set to pen a new contract to remain at Arsenal, the Sun reports.

19.58 BST: Napoli have lodged an opening bid of between €8m and €10m for the transfer of Chelsea left-back Emerson, according to Gazzetta dello Sport, which adds that the 26-year-old Italy international is ready to return to Serie A with the Partenopei after spending three-plus years in West London.

19.05 BST: With Hakan Calhanoglu having left for Internazionale, AC Milan are in need of a playmaker, and Corriere dello Sport reports that at the top of the list is Hakim Ziyech, who's just completed his first season at Chelsea. If the Rossoneri are unable to convince the 28-year-old Morocco international to join fellow Blues Fikayo Tomori and Olivier Giroud at the San Siro, they'll turn their attentions to RB Leipzig's Marcel Sabitzer (who's also drawing interest from Borussia Dortmund), Real Madrid creator Isco and Ajax captain Dusan Tadic.

18.12 BST: Antoine Griezmann has "not closed the door" on leaving Barcelona this summer, according to Spanish outlet La Vanguardia, with the Blaugrana seeking to balance their books. The outlet suggests there is a market for the 30-year-old forward in the Premier League and Serie A, and that the France World Cup winner would be open to a return to Atletico Madrid.

17.19 BST: RMC Sport in France reports that AC Milan are on the verge of signing Fode Ballo-Toure from AS Monaco.

The Ligue 1 club have already agreed a fee in the region of €6.5m for FC Cologne left-back Ismail Jakobs, 21, as his replacement.

No transfer fee is confirmed for Ballo-Toure, 24, who will move to Milan to provide competition for Theo Hernandez.

16.30 BST: Marseille have confirmed the signing of AS Roma goalkeeper Pau Lopez on loan for the season. Lopez, 26, will official move to the Ligue 1 club as of July 17.

15.42 BST: The Scottish Sun reports that Brentford have failed with a £12m bid for Celtic defender Kristoffer Ajer. The Norway international has suggested he wants to move on this summer, but Celtic are eager for the central defender to stay at Parkhead for another season.

Ajer, 23, is valued at £15m by Celtic, but Brentford wanted to only offer £12m up front with an additional £3m in incentives. Norwich are also believed to be interested.

14.59 BST: Arsenal are edging closer to a deal for Wolves midfielder Ruben Neves, according to Record. The Gunners have been linked with a move for the Portugal international for much of the summer, with Wolves ready to do a deal as they reshape their squad after the departure of coach Nuno Espirito Santo.

The report also states that Arsenal also want another Portugal international, Renato Sanches of Lille. But they face strong competition from Liverpool.

14.10 BST: Harry Wilson was long touted as a future star for Liverpool, but after loan spells at Crewe, Hull, Derby Bournemouth and Cardiff it now looks like he could be sold this summer.

Wilson, 24, is attracting interest from Premier League new boys Brentford, who The Sun on Sunday says are prepared to pay £10m to take the Wales international to London.

13.22 BST: The Sun on Sunday reports that new Crystal Palace manager Patrick Vieira wants to sign Eddie Nketiah from former club Arsenal, and is also tracking Euro 2020 star Kasper Dolberg.

Nketiah is reportedly available for £20m, and Vieira sees the England under-21 international as the perfect addition to freshen up his forward line.

Meanwhile, Denmark striker Dolberg was signed by Vieira when he was in charge of French side Nice. A transfer fee of £25m is quoted, but Palace will only be able to sign one of the two.

12.37 BST: The Sun reports that Inter Milan have won the race to sign 16-year-old Irish wonderkid Kevin Zefi from Shamrock Rovers. Zefi became the youngest-ever goal scorer in Irish top-flight history when netting at the age of just 15 last season.

Manchester City, Manchester United and PSV Eindhoven were among the clubs linked with a move for Zefi. However, after the UK left the European Union in January, FIFA rules prevented any Premier League club from signing the left winger until he turned 18.

He is set to sign a three-year deal with Inter and start out in their under-19 squad.

11.51 BST: Barcelona returned to preseason training this weekend but young midfielder Ilaix Moriba was not part of the squad due to a contract standoff.

Ilaix, 18, is out of contract next summer and negotiations with his representatives have not yet yielded an agreement over an extension. Mundo Deportivo says the midfielder, who broke into the first team in the second half of last season, is keen to renew, but while there's no deal in place Barca have decided to leave him with the B team.

The midfielder has been linked with several clubs around Europe, including Arsenal and Liverpool.

11.04 BST: The Sunday Mirror reports that Rafael Benitez could look to make Allan Saint-Maximin one of his first signings as Everton manager. With Richarlison attracting interest from Real Madrid following Carlo Ancelotti's decision to leave Goodison Park for a Bernabeu return, Benitez could need attacking reinforcements.

Saint-Maximin has become a cult figure at Newcastle United, so if Benitez goes back to his former club to sign the £50m-rated player it won't go down well on Tyneside.

The 24-year-old signed for Newcastle for Nice for £16.5m two years ago.

10.19 BST: We heard on Saturday how Manchester United were prepared to offer £100m plus a couple of first team players to land Tottenham Hotspur striker Harry Kane, but the Sunday Express now says it's not true. The England captain wants a new challenge, but he has a long-term contract with Spurs so the power is with the club.

The Express reports that Man United are concentrating on other targets and any suggestion of a swap deal is "nonsense."

09.30 BST: Bild reports that Chelsea boss Thomas Tuchel is desperate for the club to make a move for Borussia Dortmund striker Erling Haaland, but the Bundesliga club have no intention of selling this summer. Having already banked £73m from the sale of Jadon Sancho to Manchester United, Dortmund have no reason to sell Haaland unless they get a monster offer.

Bild says that it will take £150m to sign Haaland this summer, which appears to be unrealistic for any club right now.

PAPER GOSSIP

- Villarreal have had a £13m offer for Bournemouth's Arnaut Danjuma rejected, according to Sky Sports. The 24-year-old scored 15 goals in the Championship last season for the Cherries, but they were unable to achieve promotion back to the Premier League. Villarreal can offer Champions League football, but the player is under contract at the south coast club until 2024 and they are holding out for a bigger transfer fee.

- Newcastle United are eyeing a £15m move for Marseille youngster Boubacar Kamara, with the French club looking to raise funds. The Sunday Mirror reports that the 21-year-old is highly rated by Steve Bruce, who is looking to bolster his midfield options. The France under-21 international only has a year left on his deal, making nearly 100 appearances in Ligue 1 and earning interest from other Premier League clubs such as Manchester United and Liverpool.

- West Ham United have emerged as frontrunners in the race to sign Chelsea striker Tammy Abraham, according to Football Insider. The 23-year-old has been out of favour under Thomas Tuchel but Chelsea's £40m valuation had cooled interest, including from the Hammers. However, it's expected that £30-£35m could be enough to do a deal.

- Paulo Dybala has set out the terms for a contract renewal at Juventus with Atletico Madrid and other teams interested if the parties fail to reach an agreement, according to AS. The 27-year-old is out of contract next year and is expected to tell the Serie A side that he wants a base salary of €10m to stay at the club.

- New Tottenham manager Nuno Espirito Santo wants to bring Jesse Lingard to the club if Harry Kane leaves for Manchester United this summer. Football Insider reports that the 28-year-old would be of interest to Spurs with England captain Kane pushing for a move. Lingard reignited his career with a loan move to West Ham last season, contributing 14 goal involvements in 16 Premier League appearances. The performances inspired the Hammers to a Europa League place.