The transfer window may not be open for another couple of months but that hasn't stopped speculation and rumours from circulating.
Here, Sports Mole has collected all the transfer news and gossip from the last 24 hours.
Friday morning's headlines:
Radamel Falcao 'accepts Manchester United career is over'
Radamel Falcao reportedly understands that he does not have a future at Manchester United after he was dropped to the reserve side on Tuesday. Read more.
Liverpool 'open talks' with Barcelona full-back Dani Alves
Liverpool reportedly jump ahead of Manchester United in the race for Barcelona right-back Dani Alves. Read more.
Chelsea to make new bid for Real Madrid's Raphael Varane?
Chelsea are lining up a fresh bid for Real Madrid defender Raphael Varane during the summer, according to a report. Read more.
Report: Southampton offer Nathaniel Clyne new four-year deal
Southampton offer England international right-back Nathaniel Clyne a new four-year deal, according to reports. Read more.
Dougie Freedman pleased with Modou Barrow signing
Nottingham Forest boss Dougie Freedman says that he was "all over" the opportunity to bring Modou Barrow to the City Ground on loan from Swansea City. Read more.
Nottingham Forest sign Modou Barrow on loan from Swansea City
Swansea City winger Modou Barrow joins Championship side Nottingham Forest on loan for the remainder of the season. Read more.
Fulham sign Michael Turner on loan from Norwich City until end of season
Norwich City central defender Michael Turner joins Fulham on loan until the end of the season. Read more.
Groningen youngster William Troost-Ekong to sign for Celtic?
Celtic are interested in signing Groningen's 21-year-old defender William Troost-Ekong, according to reports. Read more.
Andrew Driver signs for Aberdeen on short-term contract
Aberdeen sign former Hearts midfielder Andrew Driver on a short-term contract until the end of the season. Read more.
Blackpool sign Michael Jacobs on loan from Wolverhampton Wanderers
Blackpool announce that Wolverhampton Wanderers winger Michael Jacobs has joined the club on loan for the rest of the season. Read more.
Zat Knight completes short-term Reading move
Reading boss Steve Clarke believes that Zat Knight will "be a perfect fit" at the club after completing a short-term move to the Madejski Stadium. Read more.
Martin Demichelis signs new Manchester City contract to end of next season
Manchester City defender Martin Demichelis signs a new contract to the end of next season. Read more.
