Officials from both clubs are reportedly going to meet in London on Wednesday.
Chelsea have reportedly agreed a two-year deal to sign Tiago Mendes from Atletico Madrid for free.
Porto Striker Jackson Martinez has confirmed that he is willing to move to Arsenal if an opportunity arises.
The Reds are reportedly close to sealing a £10m move for the teenage striker.
The Colombian playmaker has been the man of the World Cup so far during the group stage.
Flush from their £30m windfall for Diego Costa, Atletico Madrid have earmarked Barcelona star as replacement for their Chelsea-bound star
Proud fans of Tim Howard and the courageous USA football team have started petitions to honour their hero.
Tottenham look to beat Arsenal and Liverpool to land the highly coveted defender Dejan Lovren.
Defence Secretary Tim Howard becomes USA's World Cup hero, and here's how Twitter reacted
Liverpool's hopes of signing Will Hughes from Derby County have been foiled as the youngster signs extension till 2018.
Italian reports suggest the Bianconeri could yet sign Evra despite his contract extension.
US goalkeeper Tim Howard was elevated to US Secretary of Defence on Wikipedia after his heroics against Belgium
Valdes is reportedly ready to move to the Ligue 1.
Liverpool have reportedly agreed to meet Barcelona's representatives to open talks for Luis Suarez's transfer. The Reds also hope to sign Alexis Sanchez.
Manchester United have made a take-it-or-leave-it offer for Borussia Dortmund's Mats Hummels.
The Spanish international is expected to leave the Camp Nou this summer for around £8m.
The Spain international underwent a medical before the World Cup.
Spaniard has admitted defending Tour de France champion is favourite to win again.
He says Suarez has had the character and humility to recognize the mistake.
The Argentine is largely considered one of the most consistent performers in Spain.
LIVE coverage of the final games of the first knock out phase of the 2014 World Cup.
The club sporting director refused to confirm whether he is going to stay at Barcelona.
Former Italy captain says Milan striker has more fame than game.
Lallana says playing alongside Gerrard will be surreal.
Juve rule out the possibility of the France international's departure this summer.
Serie A side's honorary president admits it will be very difficult to avoid Juan Cuadrado's departure.
Arsenal and Liverpool are set to battle it out for Costa Rica's World Cup star Keylor Navas
World Cup penalty takers take note: Bath University reveals three steps behind perfect spot kick.
Argentinian international is ready to move away this summer.
Liverpool have stepped up their chase for Mexico's World Cup hero Guillermo Ochoa