The pick of today's Premier League, Serie A, La Liga and Bundesliga football transfer rumours, news and gossip for 16 July 2011. All the latest transfer rumours surrounding Man Utd, Chelsea, Arsenal, Liverpool, Manchester City, Bayern Munich, AC Milan, Inter Milan, Juventus, Roma, Barcelona and Real Madrid will be covered here.

Premier League

In the Mirror, Chelsea are prepared to submit an improved £30m bid for Tottenham midfielder Luka Modric with the club confident a deal can be concluded after the Croat handed in a transfer request earlier this week. But the Blues look set to miss out on Atletico Madrid striker Sergio Aguero with Manchester City ready to offer £38m for the Argentine international. When asked about the likelihood of City making a bid for Aguero, Roberto Mancini said, "It is probably yes. I think in this moment we only have to wait."

Aguero is seen as the ideal replacement for City captain Carlos Tevez who is the subject of an improved £40m bid from Brazilian outfit Corinthians.

It's not a great weekend for Andre Villas-Boas, The Sun reports that Arsenal have tabled a £14m bid for Anderlecht striker Romelu Lukaku as Arsene Wenger looks to head off interest from Chelsea for the 18-year-old's signature.

Meanwhile, Newcastle United full-back Jose Enrique is holding out for an offer from Arsenal if he is to leave Newcastle, manager Alan Pardew has hinted.

La Liga

The Mirror reckons the Cesc Fabregas-to-Barcelona deal is all but completed, indeed the Catalan club are so confident of landing the Gunners captain that they've set aside the Arsenal star's "beloved" number four shirt for him.

Meanwhile, AC Milan defender Philippe Mexes has revealed he turned down a move to Real Madrid to join the Serie A Champions, "It was my choice, as I could've joined Real Madrid this summer. In the past I chose Roma ahead of Manchester United," Mexes said.

Serie A

AC Milan are ready to scupper Chelsea's pursuit of Kaka, according to reports. The Brazilian forward spent six years at the Italian giants before joining Real Madrid in 2009 but has fallen out of favour with boss Jose Mourinho.