Transfer news live: Liverpool fail with Naby Keita, Philippe Coutinho to leave and Arsenal in Thomas Lemar setback

All the latest news from the crazy world of the summer transfer window

Premier League transfer round-up: Chelsea sign Real Madrid striker

The transfer window is in full swing and clubs are spending money like it's going out of fashion.

Kylian Mbappe could make a world record move to Real Madrid while Neymar could break that record again should he complete his own switch to Paris St-Germain.

On these shores the future of Alexis Sanchez remains the biggest talking point in north London and Manchester as Pep Guardiola weighs up continuing his lavish spending this summer, having already exceeded the £200m mark.

With just one year left on his contract, Sanchez is keen to leave Arsenal and The Independent revealed on Monday that he will accept a lower salary from City as opposed to Bayern Munich or Juventus in order to force through a move.

Arsenal are determined not to sell though, with Arsene Wenger holding firm on his intention to keep the Chilean.

Liverpool meanwhile are yet to submit a third bid for RB Leipzig’s Naby Keita while United are pondering moves for at least two more players before the window closes with Ivan Perisic, Eric Dier and Nemanja Matic all being considered by Jose Mourinho.

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[26 July 2017 11:15 · Ben Burrows]

Pep Guardiola has defended Manchester City's summer spending despite an overall outlay of over £200 million that looks to rise further before the window closes.

City are preparing to go head-to-head with Real Madrid in a friendly in Los Angeles and Guardiola repeated his assertion since joining City last summer that his and the club's long-term project "needs time" to consistently reach the heights of Real and former clubs Barcelona and Bayern Munich on the European stage.

Yet, he defended City's splurge with £130 million spent on full-backs alone in recruiting Kyle Walker, Benjamin Mendy and Danilo in recent weeks as the result of City's lack of investment in that position in recent years.

[26 July 2017 11:45 · Ben Burrows]

Manchester United have been given encouragement in their chase for Ivan Perisic with Inter Milan conceding the winger is for sale for the right price.

Jose Mourinho has been busy this summer as he looks to assemble a squad capable of challenging both in the Premier League and in Europe and has already added Victor Lindelof and Romelu Lukaku for a combined fee of over £100m.

He remains in the market for more reinforcements, however, and has identifed Perisic as the man he wants with Inter hitherto proving tough negotiators.

[26 July 2017 11:55 · Mark Critchley]

Thought Gerard Pique's Sunday night social media session meant the biggest-ever transfer in world football was off?

Think again... 

[26 July 2017 12:00 · Ben Burrows]

Lazar Markovic has been left out of Liverpool's squad for friendlies in Germany after holding talks with Fiorentina.

The Serbia forward is surplus to requirements at Anfield and has spent the last two seasons out on loan, first at Fenerbahce and then Sporting Lisbon.

Markovic was recalled from his stint in Portugal to join Hull in January where he enjoyed some success.

He played 45 minutes in Liverpool's first friendly of the summer at Tranmere but has not featured since and was left behind for the Premier League Asia Trophy in Hong Kong.

The Press Association report the 23-year-old has met Fiorentina to discuss a move but Liverpool are holding out for £16million, having paid Benfica £20m for his services back in 2014.

[26 July 2017 12:28 · Jack de Menezes]

 While Liverpool fans wait eagerly for news on a potential third bid for Naby Keita, some of his teammates at RB Leipzig have had their say on his shocking tackle in training on club captain Diego Demme. It's fair to say they're not impressed...