LIVE Transfer Talk: Real Madrid join Manchester United's pursuit of Jadon Sancho

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Dortmund's Sancho is the 'future of football' (1:27)

Frank Leboeuf says Jadon Sancho needs to be more consistent, but has the potential to be a star. (1:27)

The coronavirus pandemic has made the summer transfer window uncertain, but here are the rumours floating around Europe's big leagues and beyond.

TOP STORY: Real keeping an eye on Sancho

Jadon Sancho has been linked with a move away from Borussia Dortmund for much of 2020, and now AS are reporting that Real Madrid are keen on landing the in-form winger, but not until next summer.

Real boss Zinedine Zidane is scouting Europe for the continent's best young players and Sancho definitely falls into that category. With 20 goals in 20 matches, 17 in 17 in the Bundesliga, he's certainly been catching the eye of some of Europe's top clubs, not least Manchester United.

However, with the Red Devils seemingly having to curtail their spending this summer as a result of the coronavirus, Los Blancos could seize the opportunity. Manchester United had an offer for the 20-year-old turned down earlier in the year, and while they're desperate to partner Sancho with Marcus Rashford, he could prove too expensive.

Madrid view the signing as a more long-term strategy and so could make a move next year.

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LIVE BLOG

22.48 BST: Lucas Paqueta left Flamengo for AC Milan to much fanfare less than 18 months ago, but Super Deporte writes that the 22-year-old attacker is preparing to leave the San Siro this summer, with Valecnia, Fiorentina and Benfica linked with the Brazil international.

21.21 BST: AC Milan are in the market for a young new centre-back to partner Alessio Romagnoli in the heart of their defence, and Corriere dello Sport writes that the Rossoneri have targeted Paris Saint-Germain's 17-year-old Tanguy Kouassi and Celtic's 22-year-old Kristoffer Ajer.

19.54 BST: Gazzetta dello Sport cites German outlet kicker as reporting that Chelsea are set to beat Juventus and Bayer Leverkusen to Santos' latest wunderkind: Kaio Jorge. The 18-year-old forward has been dubbed "the next Neymar" and has a €50m release clause, an amount the West London club reportedly are more prepared to part with than Juve or Leverkusen.

18.27 BST: Chelsea are closing in on the signing of Timo Werner after agreeing to activate the RB Leipzig striker's £49 million release clause, sources have told ESPN. The Blues have moved ahead of Liverpool in the race for the striker by matching the asking price with sources telling ESPN Werner is on the brink of accepting a five-year contract worth £200,000-a-week.

17.00 BST: AC Milan's Ismael Bennacer is attracting interest from Manchester City.

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16.09 BST: Tottenham have borrowed £175m from the British government to help cope with the financial impact of the coronavirus pandemic.

Both Spurs and the Bank of England confirmed on Thursday afternoon that an agreement had been reached as part of the government's Covid Corporate Financing Facility (CCFF).

Strict criteria applies to be eligible for the scheme -- including holding the highest credit rating possible for a firm -- with the money repayable in full not before April 2021 at an interest rate of just 0.5%.

Tottenham are understood to be one of a very small number of Premier League clubs who qualify for the CCFF initiative and have moved to secure their finances after projecting losses which could exceed £200m over the next year.

15.40 BST: Barcelona will only be able to use money from sales of players to make other signings this summer, sources at the club have told ESPN.

In each summer since 2015, president Josep Maria Bartomeu has designated between €60-75m to be spent on new players, in addition to any money generated by departures.

However, sources have confirmed that amount has been reduced to zero this year because of the losses accumulated by the coronavirus pandemic. Vice president Jordi Cardoner told ESPN in May that €140m had already been lost. Instead, the club will look to exchange deals to help land their transfer targets.

15.07 BST: Gareth Bale's agent Jonathan Barnett has been speaking to the Today programme on BBC Radio 4 about the Real Madrid winger.

"I don't see why he doesn't see his career out at Madrid probably... he's quite happy in Madrid," he said. "To come back and play [in the Premier League] would be unbelievable -- a big thing. I don't think he wants to do that at the moment. He's quite happy to play at Real Madrid."

14.36 BST: Depends who you believe but, either way, Arsenal seem keen on a new midfielder.

Area Napoli says the club have been in touch with Zenit St Petersburg over the availability of Iranian sensation Sardar Azmoun, and we're contractually obliged to say that he's been dubbed the 'Iranian Lionel Messi.'

Meanwhile, Voetball International reports that the Gunners are ready to meet Feyenoord's £23m asking price for Orkun Kokcu, who is the 'new Mesut Ozil' despite them still having the old Mesut Ozil.

14.14 BST: Manchester United boss Ole Gunnar Solskjaer is satisfied he does not need a striker this summer following Odion Ighalo's loan extension and will instead focus his attention on signing a more versatile forward, sources have told ESPN.

United have agreed to keep Ighalo until January 2021 after a successful initial spell, prompting plans to add another centre forward in the next transfer window to be scaled back.

Anthony Martial and Marcus Rashford can also play up front, while Solskjaer is keen to continue giving opportunities to youngster Mason Greenwood, who has scored 12 goals in his breakthrough campaign.

United have monitored Timo Werner, Moussa Dembele and Harry Kane but efforts to sign at least one of Jadon Sancho or Jack Grealish -- both of whom can play across the front line -- will be prioritised instead.

13.35 BST: Philippe Coutinho could be a much cheaper alternative to Jadon Sancho for clubs like Chelsea. So why is nobody interested?

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Olley: Coutinho the 'cheaper' backup if Sancho fails

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12.58 BST: Possibly linked to the below, Record reports that Wolves are still keen to sign Benfica striker Carlos Vinicius.

Benfica president Luis Filipe Vieira turned down an offer of €60m for Vinicius in the January transfer window and revealed this week that he had agreed to sell two players for a combined €200m this summer before the coronavirus pandemic started.

Record claims Manchester City were prepared to pay €100m to sign Benfica centre-back Ruben Dias this summer, while it also believes Wolves are ready to pay Vinicius' €100m release clause.

Vinicius, 25, joined Benfica from Napoli in the summer of 2019 in a €17m transfer. The Brazilian is the top scorer in the Liga Nos with 15 goals.

12.25 BST: Perhaps not the most reliable report in the world but it caught our eye. Wolves striker Raul Jimenez could be available for as little as £18m, says TuttoJuve.

Of course, given the source, Juve are interested, as well as Man United and Real Madrid. In fact, if the Mexico striker really is available for that much (given he signed for £32m last summer) then a whole host of other teams are going to be knocking on the door.

12.01 BST: Southampton forward Shane Long has agreed a new two-year contract extension at St Mary's.

Saints boss Ralph Hasenhuttl said: "Shane is an outstanding professional. He has been an important player for me and I know also for the managers before me. He has scored some big goals for us and helped to create many more for his teammates too. I think that is one of his top qualities. He is a great team player, and someone who has a positive impact on the group as a whole when he plays.

"He is also a player who sets the right example for our youngsters to follow in how he conducts himself on and off the pitch, so this is good news for us that we will have him as part of the squad for another two years."

11.18 BST: Arsenal striker Pierre Emerick-Aubameyang hasn't been offered a new deal, but would the club sell him to Chelsea?

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Would Arsenal sell Aubameyang to London rivals Chelsea?

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10.33 BST: Chelsea winger Pedro is available on a free transfer this summer and has attracted interest from Juventus, Sevilla, Valencia and Real Betis.

However, it's Roma he's chosen to join, according to Spanish publication AS.

The 32-year-old has slipped down the pecking order at Stamford Bridge and is looking for a new challenge as he nears the end of his career.

09.44 BST: Manchester United will have to tempt Birmingham City with guaranteed cash to sign Jude Bellingham, sources have told ESPN.

United are keen to land Bellingham, 16, in the next transfer window and have assured the midfielder he will be part of Ole Gunnar Solskjaer's first team squad, and not the under-18s or U23s.

09.22 BST: Manchester City are in the race to sign AC Milan midfielder Ismael Bennacer, according to reports.

RMC Sport claims City coach Pep Guardiola has made the Algeria international his top priority and even "personally called the player to explain his project." But City face stiff competition from Paris Saint-Germain to acquire the 21-year-old.

Bennacer has made 20 league appearances for Milan since joining the Rossoneri in the summer from Empoli in a reported €16m. The former Arsenal midfielder is tied to Milan through June 2024 and has a reported €50m release clause.

08.56 BST: More coronavirus impact. Manchester United had planned to raise funds with the permanent sales of Marcos Rojo, Chris Smalling and Alexis Sanchez but that's taken a hit.

The Evening Standard reports that "United are likely to have to lower their expectations in terms of fees - or even accept extended loan deals."

United's top targets are Jadon Sancho and Jack Grealish but the pair won't come cheap and United need extra cash by selling off players who have no future left at Old Trafford.

08.28 BST: Barcelona won't be signing Neymar this summer, but PSG have reportedly set a price just in case any club is thinking about it.

The Brazilian, 28, will cost €175m (£156m), says Sport, which won't set any new world records after his €222m (£198m) move to Paris a few years ago, but it is still a hefty sum and will be out of reach of pretty much every club after the coronavirus outbreak had a big impact on Europe's finances.

08.00 BST: Barcelona forward Ousmane Dembele is on the way out of Spain, with Juventus interested according to Mundo Deportivo.

Dembele, 23, cost €105m when signed from Dortmund in 2017 but is now available for around £40m. However, the report states that Juve are only interested in a loan deal given the winger's injury issues over the past few years.

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Man City eager to land Sergi Roberto

Manchester City are keen to sign Sergi Roberto from Barcelona, according to Mundo Deportivo, but it won't be a straight forward transfer.

It has been reported that the defender could still be used as a makeweight and form part of the transfers of Lautaro Martinez from Inter Milan and Miralem Pjanic from Juventus. Barca are keen on a sale but won't accept any negotiations on the price.

Roberto's contract ends in 2022 and he is well known to Pep Guardiola. City are now waiting to see if the Barcelona hierarchy are open to a discussion before lodging an official bid.

If City can prise Roberto away from Camp Nou, they will land a player with six league titles and two Champions League trophies to his name.

United target Maddison restarts Leicester talks

Manchester United are still keen on signing Leicester City midfielder James Maddison, but the Daily Mail reports he's set for fresh contract talks at Leicester City.

Discussions over a long-term deal with the Foxes had been put on hold from March as a result of the coronavirus outbreak, but now the two parties are set to resume the discussion. Maddison was hoping to double his £50k-a-week salary, but Leicester's finances might prevent them from being able to offer him what he wants.

Foxes boss Brendan Rodgers is hoping to tie a number of players down to long-term contracts, including defenders Caglar Soyuncu, Wes Morgan and Christian Fuchs.

United have been monitoring Maddison for some time and could guarantee him more money, but they also have eyes for Aston Villa's Jack Grealish and, as such, they'll be keeping a close eye on the developing situation.

Tap-ins

-- Newcastle United are hoping to keep Matty Longstaff away from Udinese, but they fully expect him to go to Watford on loan if he does end up leaving for Italy, reports the Daily Mail. Watford and Udinese are both owned by the Pozzo family and both have a history of trading players. Longstaff is out of contract this month and would cost Udinese just £450k in compensation, whereas a direct move to Watford would see the fee settled by tribunal.

-- Ivan Rakitic will finish the season at Barcelona before meeting Sevilla officials about a potential move to southern Spain, reports Mundo Deportivo. The Andalusians are hoping to get Rakitic at a cut-price deal, as he only has a year left on his contract, and they can offer only a reduced salary. Moreover, Rakitic is after a three-year contract, which is more than Sevilla are willing to offer. Plenty of work in the negotiations to be done on this one.