Transfer news live: Lucas Perez and Shkodran Mustafi to Arsenal, Jose Fonte turns down Manchester United – latest

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Lucas Perez of Deportivo La Coruna is expected to join Arsenal for £17.1m (Getty)

Manchester United and Arsenal once again dominate the headlines as we approach the end of the transfer window. Jose Mourinho's bid to land Jose Fonte looks to be over after the player agreed to remain at Southampton having accepted a healthy-looking pay-rise.

As for the Gunners, their luck seems to have finally changed after reports emerged late on Thursday night that the club had agreed to sign Deportivo La Coruna striker Lucas Perez for £17.1m. The deal is supposedly all but done and will be confirmed shortly once the player's medical is completed.

• Arsenal 'agree deal' for Lucas Perez and Mustafi Shkodran in double swoop
• Jose Fonte expected to stay put at Saint Mary's
• Joe Hart is considering a wage-cut as he tries to tempt Liverpool into making an offer
• Simone Zaza agrees to move to West Ham for expected £24m fee
• Manchester United and Chelsea target Gabriel Barbosa set to make decision on transfer this weekend
• Wilfried Zaha has been told he won't be leaving Crystal Palace this summer
• Leicester City are reportedly considering making a club record fee for Steven Nzonzi
• Goalkeepers Claudio Brave and Eduardo joined Manchester City and Chelsea respectively late on Thursday afternoon

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[26 August 2016 12:10 · Samuel Lovett]

Crystal Palace chairman Steve Parish has hit out against speculation surrounding Wilfried Zaha's possible exit to London rivals Tottenham.

Paris said there is “no chance” of Zaha leaving after Spurs submitted what he called a “ridiculous” £12m bid for the former Manchester United winger.

The 23-year-old is reported to have requested to leave Selhurst Park this summer following a clandestine meeting with manager Alan Pardew but Parish has since moved to accuse Spurs of attempting to “turn his head” with a derisory opening offer.