Transfer Talk Daily Update: Mario Balotelli, Raphael Guerreiro, John Stones

The winter window has come and gone, but clubs are already planning for their summer activity. Here, Sports Mole recaps all of the latest transfer rumours and gossip doing the rounds.

Thursday morning's headlines:

Mario Balotelli to return to Liverpool
Mario Balotelli will return to parent club Liverpool this summer after AC Milan confirmed that they would not extend the striker's stay at the San Siro. Read more.

Report: Liverpool, Borussia Dortmund bid for Raphael Guerreiro
Lorient vice-president Alex Hayes reportedly confirms that Liverpool and Borussia Dortmund, as well as two more unnamed clubs, have submitted bids for Raphael Guerreiro. Read more.

Manchester United, Manchester City 'to battle over £45m John Stones'
Manchester United and Man City are reportedly ready to do battle over £45m-rated Everton centre-back John Stones this summer, with Barcelona and Chelsea also interested. Read more.

Barcelona 'reject Mascherano approach from Juventus'
An unnamed Barcelona official reportedly tells Juventus that Javier Mascherano is not for sale at any price following reports linking him with a move to Turin. Read more.

Dani Alves 'to leave Barcelona for Juventus'
Barcelona right-back Dani Alves will reportedly exercise a clause in his contract to leave the club 12 months early and join Juventus on a free transfer. Read more.

Martin Skrtel "90% sure" to be leaving Liverpool this summer
Martin Skrtel's agent claims that the Liverpool centre-back is "90%" certain to be leaving the club this summer. Read more.

Leicester City's record signing Andrej Kramaric departs for Hoffenheim
Hoffenheim sign Leicester City striker Andrej Kramaric on a permanent deal following his recent half-season loan at the club. Read more.

West Ham United sign Portuguese youngster Domingos Quina
West Ham United confirm the signing of Portuguese starlet and former Chelsea academy player Domingos Quina. Read more.

CSKA Moscow confirm Leicester City have revived interest in Ahmed Musa
CSKA Moscow boss Leonid Slutsky confirms that Leicester City have revived their interest in striker Ahmed Musa with a £22.8m bid. Read more.

Zlatan Ibrahimovic 'has not agreed to join Manchester United'
Zlatan Ibrahimovic has reportedly not agreed to join Manchester United amid rumours that the club are keen to sign him. Read more.

Arsenal agree deal to sign Granit Xhaka
Arsenal announce that they have agreed to sign midfielder Granit Xhaka from Borussia Monchengladbach on a long-term deal. Read more.