- Radamel Falcao set to join Manchester United on loan until the end of the season.
- Javier Hernandez joins Real Madrid on loan.
- Micah Richards moves to Fiorentina.
- Hull City sign Abel Hernandez, Mohamed Diame and Gaston Ramirez.
- Danny Welbeck wants to leave Manchester United permanently. Arsenal hopeful of securing a deal.
- Queens Park Rangers sign Sandro but miss out on Jermain Defoe and Fabio Borini.
11:03: Ok so the window is closed and we await the confirmation of the two main deals of the day. extensions have been given to both Arsenal and Manchester United in order to force through the remaining deals. Given the delay we're going to sign off from the live blog but we'll have full coverage of the all the deals that did and didn't happen on deadline day from tomorrow. Until then, goodbye.
SUMMER TRANSFER WINDOW CLOSED
10:55: Sky Sports News are doing their best to wind up the day with some grace but they're failing. They got to Aston Villa where they're met with obsence language and inflatable dolls. Wonder if this might lead to a change of thinking re. live reporting.
10:48: Less than 15 minutes of the window left and Falcao and Welbeck deals hang in the air. I can tell you however that despite no confirmation from Manchester United, the deal to bring the Colombian to Old Trafford is done. The Welbeck deal is not yet complete, to my knowledge.
10:34: Meanwhile, news from Stoke City...
10:31: Hull City have signed Gaston Ramirez from Southampton on a season-long loan. Will Hatem ben Arfa follow from Newcastle United?
10:21: Newcastle United defender Mapou Yanga-Mbiwa has joined Roma on a season-long loan.
10:12: Cleverley might not be leaving United but youngsters Tom Lawrence and Nick Powell are both leaving the club in respective permanent and loan deals to Leicester City. Two good additions.
10:06: Micah Richards has now joined Fiorentina. Good to see a player move clubs in order to improve his game time. Same can't be said for Fabio Borini or Tom Cleverley who seemingly remain at Liverpool and Manchester United.
10:03: We're sitting and waiting a little with less than an hour remaining until the window closes. Still we await news on Radamel Falcao's move to Manchester United and Danny Welbeck's switch to Arsenal. Crystal Palace are in for Kevin Doyle too while Hull are hoping to push through deals for Hatem ben Arfa and Gaston Ramirez.
9:33: James McArthur has joined Crystal Palace - another very handy signing for the Eagles. While we wait for a few more deals to be confirmed, a moment for reflection. How might today's deals affect the current season? Arsenal have seemingly signed the forward their supporters craved but will Danny Welbeck be enough to turn the club into title contenders? And what of Radamel Falcao? Manchester United might not need forwards but no one can doubt the abilities of the Colombian international.
9:13: BBC Sport say Danny Welbeck will join Arsenal for a fee approaching £16m. Getting closer to a reality it seems but what about Falcao?
9:04: We're into the final two hours of the transfer window and we're no closer to learning whether the big two deals of the day will go through. Will United secure Falcao, can Arsenal grab Welbeck?
9:00: Tom Cleverely will not be joining Aston Villa, say BBC Radio Five Live. Will Everton now pounce?
8:56: Hull City have signed two players on deadline day and could two more players be on the way? Reports are suggesting the club are bidding to sign both Hatem ben Arfa and Gaston Ramirez. That would be complete some deadline day for The Tigers.
8:47: Alan Smith, the former Arsenal striker, has told Sky Sports News that Danny Welbeck's move to the Emirates Stadium is done. We'll wait and see on that one.
8:41: Crystal Palace have signed Zeki Fryers from Tottenham on a three-year deal. Meanwhile, at Loftus Road, Nico Kranjcer has turned up ahead of his move to Rangers. Thing that has surprised a few.
8:38: More from Manchester United's newest recruit:
Daley Blind: "It is a real honour to sign for Manchester United."I have been at Ajax since I was seven years old and I will always have very fond memories of the club and of my time there.
"Louis van Gaal is a tremendously talented coach, I have worked with him at Ajax and also for the Netherlands national team and I cannot wait to work with him at the biggest club in the world."
8:32: News from Old Trafford....
8:30: Aaron Lennon will not be joining QPR or Stoke, according to The Daily Mail. Tom Lawrence's move to Leicester from Manchester United is also being held up over a fee.
Bit more from QPR owner Tony Fernandes who confirms player and agent "expectations" have seen the deal collapse to bring Fabio Borini to Loftus Road.
8:24: Fabio Borini is not joining Queens Park Rangers from Liverpool, according to BBC Radio Five Live. My understanding was neither a fee or personal terms had been agreed earlier this afternoon. Tony Fernandes has confirmed to the media that the deal is off, with wage demands reportedly the obstacle. Borini remains on Merseyside. Jermain Defoe could yet move to QPR but Toronto continue to stand in his way.
8:19: Some movement at Arsenal, but going out rather than coming in as Ryo Miyaichi joins FC Twente on a season-long loan. You wonder where the Japan international's career is going at the moment, probably towards a begrudging exit next summer at the end of his contract.
8:14: Less than three hours of the window remaining and there are a host of deals still to be confirmed. Micah Richards (remember him?) is on the verge of joining Fiorentina after passing a medical. Another player to pass a medical is Toby Alderweireld, who is very close to moving to Southampton.
8:08: Jermain Defoe, who has been linked with Arsenal, Leicester and QPR among others will remain at FC Toronto, according to Canadian reports.
8:00: Back to Tom Cleverely and should Aston Villa fail to agree a permanent deal with the player then Everton want to swoop with a loan deal, offering the carrot of working again with Roberto Martinez, BBC Sport understand.
7:54: Tom Huddlestone is delighted with the addition of Mo Diame at Hull City, one of two new arrivals at the KC Stadium.
7:50: More on Tom Cleverley from BBC Radio Five Live and his prospective switch to Aston Villa. The United midfielder's wage demands are currently the stumbling block, with the England man demanding wages of around £80,000-a-week which Villa are currently refusing to bow to. Currently, the ball is back in the Cleverley camp.
7:45: Arsenal aiming to sign a player before the transfer deadline.
"I am not in Rome for transfer business, but until the end things can still happen. At the moment there's nothing, though," he told La Repubblica. "What is my last wish on the transfer market? To sign a player before midnight."
7:40: Ajax have confirmed that Daley Blind has joined Manchester United. More on that story as we get it.
7:37: What of Tom Cleverley's exit from Manchester United? Well the England international has been linked with moves to Aston Villa and Everton and both moves could still be on, with the Midlands club aiming for a permanent deal.
7:33: I promise you there are plenty other things going on other than Falcao and Welbeck's potential moves away. Sunderland have been very busy this summer but can they clinch that necassary attacking player? Naturally, QPR are busy and Harry Redknapp says the addition of both Sandro and Borini is "possible".
7:26: Radamel Falcao's move to Manchester United has very much take the back seat on deadline day. Some fascinating comments from the man liasing between Arsenal and Manchester United as well as the player. Who knows where this deal is heading? Could it to be Sunderland who have missed out on Fabio Borini?
7:20: Jonathan Hope, who is brokering the deal to take Danny Welbeck away from Manchester United, is speaking on Radio Five Live. He clarifies that Welbeck wants to leave the club permanently and that there are three clubs interested in his services, two in England and one abroad. Hope says Welbeck's valuation is close to £18m and that Arsenal and Sunderland have both submitted bids for the forward. Tottenham are still keen on a loan deal.
7:09: The latest with Danny Welbeck is that the England international has completed a medical with Arsenal but an agreement over personal terms, fee, nature of the deal are all still to be agreed. This one could go one of three ways even with less than four hours of the window remaining.
7:02: How busy is the deadline day master Harry Redknapp going to be up until the 11pm deadline? A deal for Spurs midfielder Sandro has yet to be agreed but I understand an announcement could be made in the coming hours, however any more for Fabio Borini will take a little longer. Might be a late on that for the Italian.
6:56: Sebastian Coates has joined Sunderland in a season-long loan deal from Liverpool, it has been confirmed. Sky Sports News meanwhile confirm that Mohamed Diame has swapped West Ham United for Hull City. Productive deadline day for The Tigers.
6:49: Right then, right then. Danny Welbeck does not want to join Arsenal or Tottenham on loan. Instead, the England international would prefer a permanent move away from Manchester United. How does that affect a potential move with less than five hours of the window remaining?
"Danny doesn't want to go on loan. He wants a straight transfer and he has every right to say that," agent Jonathan Hope told talkSPORT. "In the last half an hour I have received some interest in a straight transfer which I'm going to speak to Manchester United about."
6:40: Here we go then, the final straight and boy we have some deals in the offing this evening. Radamel Falcao is in Manchester ahead of his move to Old Trafford while Danny Welbeck is undergoing a medical at Arsenal after the agreement of a £6m loan fee. Where does that leave Tottenham's pursuit of a forward? Spurs are set to allow a host of players to leave including Sandro and Aaron Lennon but will they have a look for an additional forward. Elsewhere, Stoke City, West Ham, QPR and Leicester City are all expected to be busy in the twilight of the window. Strap. In.
6:25: And now Arsenal have agreed to pay United £6m for Welbeck on a one-season loan, according to the Daily Mail. That's the same figure as United will pay Monaco for Falcao.
6:15: Welbeck's wish to move to Arsenal is gaining traction after Sky Sports reported he is currently undergoing a medical with the Gunners. United could yet decide to keep hold of Welbeck rather than strengthen their rivals but with Tottenham also hoping to secure the striker on a one-year loan, it seems almost certain Welbeck will not be returning to Manchester.
6:02: The Telegraph is reporting Falcao will earn a colossal £346,000-a-week, paid in full by United. Add that to a compensation fee of £6m and United are staring at an outlay of £24m for a 28-year-old with who apparently has only one and-a-half knees. How do United fans feel about the move?
5:58: It seems Danny Welbeck has made his mind up where his immediate future lies after he reportedly arrived at Arsenal's training ground. United are thought to favour sending the England international on loan to Tottenham but the 23-year-old seems intent on forcing a move to the Emirates. Evening Standard journalist James Olley says the ball is now in Arsene Wenger's court:
5:42: Free agent John Arne Riise has joined Cypriot side APOEL after he was released by Fulham. The 33-year-old full back had reportedly been approached by Aston Villa but has decided his future lies in the Cypriot First Division and not the Premier League.
5:25: Tottenham have signed Benjamin Stambouli from Montpellier in a move that clear the way for Sandro to join QPR. Stambouli was in the stands to watch his new team mates lose 3-0 to Liverpool at White Hart Lane on Sunday after Montpellier announced 24-hours earlier that a deal was in place with the Premier League club. Moving away from north London is Jonathan Obika, who has signed for Swindon Town.
5:18: The Falcao has (allegedly) landed:
5:15: Former Real Madrid midfielder Royston Drenthe has signed for Championship side Sheffield Wednesday from Reading:
5:11: In other Spurs related news, Lewis Holtby has officially completed his season-long loan move to Hamburg.
5:06: Southampton have reportedly rejected a Tottenham bid for England international Jay Rodriguez and are no longer said to be interested in Andros Townsend, either, reports the Telegraph. Rodriguez had been linked with a move away from St Mary's for much of the summer with a reunion at Spurs with former manager Mauricio Pochettino on the cards. But hopes of that move and one for Townsend now seem to be over.
4:55: While there's a lull in transfer activity, here are some of the best reactions on Twitter using #transderdeadlineday :
4:40: Oussama Assaidi appears to be heading to Stoke City after spending a season on loan at the Britannia from Liverpool last season. The Potters had been put off renewing the loan by the Moroccan's supposed huge wage demans. But the deal now seems back on with the Reds set to gain £1m in compensation for the year-long agreement.
4:29: Marseille have terminated the contract of Morgan Amalfitano, easing the midfielder's passage to West Ham United. Amalfitano spent last season on loan at West Brom after being considered is surplus to requirements at the Stade Velodrome, according to French radio station RMC.
4:20: Tottenham still want to take Danny Welbeck on loan from Manchester United but reportedly are not prepared to stump any more than £2m for the England international. The Telegraph reports United wants as much as £5m for Welbeck, leaving some distance between theirs and Spurs' valuation of the loan move.
4:15: It was all smiles when Shinji Kagawa was renunited with Borussia Dortmund manager Jurgen Klopp:
4:00: Hull City have cofirmed what Abel Hernandez had already told us, that the Uruguayan has signed from Palermo for a club record £10m fee:
3:57: Chelsea confirm England U-21Nathaniel Chalobah has joined Burnley on loan until the end of the season. The 19-year-old midfielder has been on loan to Watford, Nottingham Forest and Middlesborough since signing his professional papers with the Blues in 2012.
3:50: Liverpool might finally of found a buyer for Fabio Borini after the BBC's Phil McNulty reported the club had reached an agreement with QPR. He reports the two clubs shook on a £10m transfer plus add-ons for the Italian, who had also been a target for Sunderland. The news will come as a blow to Black Cats boss Gus Poyet, who believed the 23-year-old would turn last season's loan at the Wearside club into a permanent move. QPR boss Harry Redknapp has been looking for a striker after Loic Remy moved down the road to Chelsea.
3:30: Where would we be without social media? We'll tell you where, None the wiser about Abel Hernandez's proposed move to Hull City. While the Tigers are yet to confirm a deal for the Uruguayan striker, Sky Sports report he's already taken to Facebook to claim he has signed a four-year-deal with Steve Bruce's side. Thank you, Mark Zuckerberg.
3:10: Newcastle United's French defender Mapou Yanga-Mbiwa is set to complete his season-long loan move to Roma within the next few hours, reports the Press Association.
3:04pm: Aston Villa have reportedly launched a bid for 2010's 'next big thing' Sergio Canales. The Real Sociedad came to the attention of Europe's heavyweights as a 17-year-old playing for Racing Santander. Talent vacuum Real Madrid sucked him away from Santander but Canales made just 10 appearances for Los Blancos and was shipped to Valencia and then Sociedad.
2:56: Lassana Diarra will not be joining QPR and reuniting with former Portsmouth boss Harry Redknapp after his move from Lokomotiv Moscow reportedly stalled. The failed move for Diarra, who apart from stints at Pompey and Real Madrid has played for almost every club in Europe, could see Redknapp target Spurs midfielder Sandro.
2:42: More on Southampton's decision to send Inter Milan midfielder Saphir Taïder back to Italy after just 25 days at the club. Saints have released a statement on their official website, which basically said Taïder may not have had the best attitude:
Southampton Football Club can confirm that it has agreed to terminate midfielder Saphir Taïder's loan spell.
The midfielder joined Saints for the 2014/15 campaign but, having failed to live up to the high levels of commitment expected of Southampton players, that arrangement has been cut short by the club.
Taïder, whose only first-team appearance came in the friendly against Bayer 04 Leverkusen last month, now returns to parent club Inter Milan. Dani Osvaldo's loan arrangement with the Italian side is unaffected."
2.38: Modibo Diakite will not be etching his name into folklore at Sunderland after the club terminated his contract. On a day where clubs' press officers will be churning out releases, the Black Cats kept theirs short, sharp and to the point:
Sunderland AFC has confirmed that defender Modibo Diakite has left the club by mutual consent."
2.32: Hull have agreed a fee with West Ham to sign Mohamed Diame. The midfielder joined the Hammers from Wigan two years ago and made 71 appearances under Sam Allardyce. But the arrival of Alex Song on loan from Barcelona has forced the 27-year-old Senegal international to the fringes of the squad and now to the north East.
2:27: Tottenham midfielder Lewis Holtby has arrived in Hamburg and, as this photo suggests, found his way to the club's medical facilties as the midfielder looks to seal his one-year loan.
2:16: Falcao transfer update no.182. The Columbian striker is expected in Manchester at 5pm, reports Sky Sports, when he will be briskly taken to United's Aon Training Complex for a medical ahead of his proposed loan move.
2:11: Sporting Lisbon have not received any bids for winger Diego Capel from the Premier League. Southampton had reportedly been interested in the 26-year-old, but according to Spanish football oracle Guillem Balague no offer has been made for the Spaniard.
2:05: Southampton have confirmed they have terminated the loan of Inter Milan midfielder Saphir Taider. The 22-year-old joined the Saints just over three weeks ago as part of the deal that took Dani Osvaldo move to the San Siro.
1:55: Petr Cech has spoken out on his future at Chelsea having lost his place in the first team to Thibaut Courtois. While stopping short of ruling out a move before this evening's deadline, the 32-year-old told Czech news outlet Sport he sees no reason to "panic, pack up and leave."
The three opening matches I could not play for the team. I have no reason to panic, pack up and leave.
"I am a Chelsea player, where I have two more years of contract.
"In football, nothing can be predicted in advance, nothing is ever perfect.
"A lot of players go on representative duty, yet still many transfer clubs.
"The offer would have to be right for everyone. I do not exclude anything (or) know the answer."
1:50: Another potential blow for Arsenal; Sevilla have told the Gunners they will not listen to any offers for striker Carlos Bacca. Club president Joel Castro has announced:
There aren't bids for Bacca and we are not going to listen them. His salary increase is an internal matter and we are not going to talk about it."
1:45: Adrien Rabiot is close to completing a move to AS Roma. The 19-year-old, whose contract at Paris Saint Germain expires next summer, had also been heavily linked with a move to Arsenal but it would appear he is nearing a move to the Stadio Olimpico providing the two clubs can agree a fee.
1:41: Malaysian Manchester United fans doing their best to tempt fate with premature editions of 'FALCAO 9'.
1:37: Liverpool defender Sebastian Coates has reportedly arrived at the Academy of Light to undergo a medical ahead of his proposed move to Sunderland. Still no developments on Fabio Borini's proposed move to the club, however.
1:30: If you missed it earlier, Manchester City defender Micah Richards is close to joining Serie A side Fiorentina. The future of Matija Nastasic remains unresolved, for now, anyway. West Ham United and Newcastle United have reportedly enquired into his availability but City will not allow the player to join Arsenal. Juventus and Marseille have also been credited with interest.
1:23: Manchester United fans who cringed as they watched the club's haphazard approach to transfers inevitably end in disaster this time last year are probably feeling a bit better today. The club appear poised to sign Radamel Falcao on a season long loan a less than a week after signing Angel Di Maria from Real Madrid. But will this approach end in tears? Ben Skipper considers the knock on effects their summer spending could have on the club.
BREAKING: Real Madrid have confirmed the arrival of Javier Hernandez from Manchester United. The Mexican international arrives on a season long loan deal with the option to make it permanent next summer.
1:08: James McArthur is edging ever closer to sealing his move to Crystal Palace. He's arrived at the club's training facilities in Beckenham to undergo a medical.
1:02: Chelsea's Nathaniel Chalobah is poised to join Burnley on a season long loan, Sky Sports report. The highly-rated 19-year-old has had spells on loan at Watford, Nottingham Forest and Middlesbrough in the past but could have the chance to play in the top flight, having failed to make a single competitive appearance for Chelsea yet.
12:55: Expectation ahead of deadline day concerning Manchester United was to anticipate more outgoing business than incoming. With Daley Blind's move awaiting confirmation and Radamel Falcao imminent arrival it seems quite the opposite. Of those clutch of players who have reportedly been told they are free to leave the club, only Javier Hernandez would appear to be close to doing so having undergone a medical ahead of a loan move to Real Madrid.
Danny Welbeck, who trained with England this morning, and Tom Cleverley remain heavily linked with Tottenham and Everton respectively, but there has been no real movement in either deal as of yet.
12:51: Agent Neville in action.
12:42: Despite Arsene Wenger's promise the club would be "very active" today, there is precious little to report from the Arsenal front. BBC Sport's David Ornstein suggests it could stay that way with just over ten hours in the window remaining.
12:35: Zeki Fryers has already undergone a medical at Crystal Palace this morning and could soon be joined by Wigan's James McArthur but another rather left of field name has emerged this hour. Neil Warnock has reportedly looked into the possibility of taking Gary Hooper from Norwich City but has lined up a loan move for Wolves striker Kevin Doyle if that falls through. Judging from the responses of some Palace fans here, the prospect of the Republic of Ireland international arriving at Selhurst Park is not blowing their hair back.
12:30: Manchester United have slipped into full Football Manager mode today, do they have any more surprises in store today? Perhaps, but Juan Cuadrado will not be one of them. The Colombian won't be following compatriot Falcao to Old Trafford having confirmed his desire to remain at Fiorentina this season. Read our full story here.
12:25: Will Jermain Defoe return to the Premier League today? FC Toronto have already confirmed they have received offers for the striker. A reunion with Harry Redknapp at Queens Park Rangers seems logical but new reports suggest Arsenal are looking into the possibility of taking the former Tottenham Hotspur striker on loan. Imagine that.
12:15: Are Southampton about to end their interest in Andros Townsend once and for all? It would appear so. The south coast club are edging closer to a deal for former Sevilla starlet Diego Capel.
12:08: Arsene Wenger will be in Rome this evening. Possible talks to sign Miralem Pjanic? Kevin Strootman? Mattia Destro? No. He's refereeing a charity match in the Italian capital. Troll level 1000.
12:00: As mentioned earlier, William Carvalho is likely to be linked with moves to Premier League clubs throughout the day. The 22-year-old was quizzed on the possibility of a move on Saturday, but remained rather coy on a possibility of leaving the club.
"I have a contract, I feel good at Sporting. Got nothing more to say. I have a contract. [O Jogo]
11:55: Radamel Falcao's move to Manchester United may have picked up some pace but there is still plenty to discuss as we enter the final 11 hours of the summer transfer window. IBTimes UK sat down to discuss today's potential deals.
11:51: Nick Powell is edging closer to sealing a loan move to Leicester City. The 20-year-old, who impressed on loan at Wigan Athletic last season, featured for United in the 4-0 hammering at MK Dons but looks set to continue playing in the Premier League with the Foxes.
11:45: Arsenal fans may be understandably peeved if Arsene Wenger has in fact opted not to bite for Radamel Falcao. The club's toothless performance against Leicester City suggested another striker was a must today and while there is 12 hours left to go, possible targets are disappearing. Alessio Cerci, whose agent reportedly travelled to London to hold talks with the Gunners last week, is on the brink of signing for Atletico Madrid. The La Liga champions have confirmed a deal will be completed, pending a medical. Read our full story here.
11:34: With Radamel Falcao seemingly set to join Manchester United on loan, that could signal the end of Danny Welbeck's time at the club. The forward remains heavily linked with Tottenham Hotspur while Sunderland, where he enjoyed an impressive loan spell a few seasons back, also remain in the frame. However, the 23-year-old isn't going anywhere just yet having trained with England at London Colney this morning.
BREAKING: Burnley have confirmed the signing of George Boyd from Hull City.
11:27: Lewis Holtby featured frequently for Spurs during their pre-season campaign but he's yet to impose himself on Mauricio Pochettino's first team in the Premier League. His move back to the Bundesliga appears to be edging closer after he was pictured at Hamburg ahead of, or perhaps just after, a medical.
11:24: Surely not?
11:18: Portuguese publication O Jogo suggest United scouts were once again out in force watching over William Carvalho during the weekend derby between Sporting and Benfica. Not much to report from the Portuguese press this morning on the midfielder but he is another name who will remain a possibility for a host of clubs until the window closes tonight.
BREAKING: Manchester United could make another deadline day addition with Sky Sports News reporting the club are looking to complete a deal for 15-year-old Norwegian sensation Martin Odegaard.
11:05: Today is also deadline day across the continent. Lewis Holtby appears poised to make a return to the Bundesliga with Hamburg but they will have to tie up a deal before the German deadline of 17:00 (BST). Italy's deadline falls on 22:00 (BST) while the windows in Spain and France also close at 23:00 (BST) this evening.
11:00: Luis Suarez has been spotted rocking up at Liverpool's Melwood training facilities this morning. Most likely explanation is he has left a few bits in his locker there.
10:52: Contrary to earlier reports, it appears Radamel Falcao's loan fee is closer to £5/6m rather than £12m. Still no official word for the club but this has gathered pace at a staggering rate over the last hour or so.
10:46: Micah Richards is finally one the move, but where has he landed this morning? The 26-year-old is in Florence ahead a of a proposed move to Fiorentina.
10:41: Given their concerns in midfield and defence United's pursuit of Falcao seems staggering. But is it really when you think about the likely exits from the club today? Javier Hernandez is poised to complete his move to Real Madrid while Danny Welbeck could still leave the club with Mauricio Pochettino keen to bring the player to Tottenham. Suggestions that Robin van Persie may need knee surgery appear to have some credence given the striker's turgid, slow performances, leaving the club potentially with Wayne Rooney and James Wilson to find the goals. The presence of Colombian international Falcao would certainly address any concerns Louis van Gaal may have.
10:38: Varying reports suggest United will have to pay from £12m to £16m for a one-year loan deal.
10:32: AFP are the latest to pick up the story of Radamel Falcao's loan move to Manchester United. Sensational stuff.
10:26: Javier Hernandez is edging closer to his move to Real Madrid from Manchester United. Here he is in the Spanish capital to undergo a medical.
10:20: Ron Vlaar has been linked with a move to Manchester United this summer following his World Cup exploits but Arsenal's need for further options at the back has seen them linked with a deadline day move. However, the Aston Villa defender is going nowhere according to his agent Arnold Oosterveer, the Guardian report.
"There is no truth in any of the rumours. He still has a contract with Villa for one year so he will stay there.
"There is nothing happening with him today."
10:14: Elsewhere, Southampton are still looking to add to their squad as Ronald Koeman continues his rebuild on the south coast. Belgian Toby Alderweireld is edging closer to a move, with more potentially to follow, it seems.
Falcao latest: Loan deal agreed? According to a number of reports, that is exactly what has happened, subject to a medical.
10:06: In case you missed it earlier, here is Mexico national team boss Miguel Herrera wishing Javier Hernandez good luck with his loan move to Real Madrid. Hernandez out, Falcao in for United? Good grief.
10:02: This one is picking up pace...
9:55: Spanish daily AS are also getting involved. They suggest United have a deal in place to sign Falcao. Is this real life?
Falcao latest: Either Radamel Falcao's Twitter account is still being hacked from the weekend or he is the biggest troll transfer deadline day has ever seen. Check out who he's started following.
9:45: Players confirming transfers before their clubs is all the rage at the moment. Daley Blind to Manchester United may be the day's worst kept secret, but we are still awaiting official confirmation from the club. Juan Mata has got it sorted, though.
Falcao latest: The Colombian press believe the striker's next destination has already been agreed. El Tiempo report a deal worth £51.3m has been agreed with Monaco.
9:30: Brendan Rodgers, after making nine additions to his first team squad this summer, suggested last week there may be one more arrival before this evening's deadline, but a clutch of departures seems the more likely. Sebastian Coates, Fabio Borini and Lucas Leiva may be encouraged to leave with first team opportunities likely to come at a premium this season.
9:15: The transfer saga that has dominated the summer appears to have meandered to a rather tepid conclusion. Not a day has gone by when someone, be it an agent, club official or teammate has commented on the future of Arturo Vidal and his prospective move to Manchester United, but that appears to have dried up as we enter the final 12 hours of the window.
While Juventus have reportedly been receptive to a big offer throughout the summer, a bid at this late stage where they will have no time to find a replacement seems unlikely. Stranger things have happened, however, and after Louis van Gaal name dropped the Chilean last week, this one will continue to be dragged out over the day.
9:10: Crystal Palace are expected to be busy today following Neil Warnock's arrival late last week. Tottenham Hotspur defender Zeki Fryers could be the club's first addition at the day after he was pictured arriving at the club's training facilities early this morning.
9:05: Arsene Wenger said on Sunday his club would be "very active" today. After their fairly toothless display against Leicester and Olivier Giroud's long term absence, they better be. Carlos Bacca of Sevilla, Manchester United's Danny Welbeck and of course Radamel Falcao remain in the frame for a move to the Emirates but there are other areas in need of a boost, too.
William Carvalho remains closely linked with a move to the Emirates and when quizzed on the possibility of a deadline day exit over the weekend, the midfielder gave as diplomatic an answer as you will find on this particular day of the year.
9:02: The main protaganist today has already been decided. Radamel Falcao has reportedly been offered to Manchester City, Machester United and Arsenal on the final day of the transfer window. Reports that intitially emerged from France suggest Monaco will allow the player to leave the club for £55m, although a season long loan for an upfront fee of £20m has also been touted.
The striker appeared to confirm his next club on Saturday when he tweeted he was set to complete a dream move to the Bernabeu but the Colmbian swiftly blamed his announcement on crafty hackers. A move to the Champions League holders appears unlikely now with Carlo Ancelotti's side now close to a deal for United's Javier Hernandez.
9:00: The day is upon us. Desperate for frenzied, illogical speculation to fill your day? Planning on watching the skies over Manchester in search of a helicopter hovering over Carrington? Expecting much, but already subconsciously preparing for the inevitable disappointment of it all? We have got you covered. IBTimes UK will be bringing you all the news, rumour and comment as it happens right up until tonight's 11pm (BST) deadline.
"It is a real honour to sign for Manchester United.
"I have been at Ajax since I was seven years old and I will always have very fond memories of the club and of my time there.
"Louis van Gaal is a tremendously talented coach, I have worked with him at Ajax and also for the Netherlands national team and I cannot wait to work with him at the biggest club in the world."
— Liverpool FC (@LFC) September 1, 2014