LIVE: Transfer Talk: Real Madrid eye Everton's Richarlison for Carlo Ancelotti reunion

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Why are Real Madrid investing so much in David Alaba? (1:35)

Alex Kirkland explains why Real Madrid have signed David Alaba on such a lucrative five-year contract. (1:35)

With most of the major European seasons now complete, the rumour mill has been sent into overdrive as clubs ponder their moves ahead of what will be a busy transfer window. Check out the latest gossip below, and see all official deals here.

TOP STORY: Richarlison wanted by Real Madrid

Everton forward Richarlison is on Real Madrid's radar, with Football Insider reporting the Brazil star could be reunited with Carlo Ancelotti at the Bernabeu.

Following Ancelotti's switch from Everton to Real Madrid earlier this week, Ancelotti now wants to take Richarlison with him to La Liga. The Toffees are willing to listen to offers if he was to push for an exit. Just over a year ago, Everton reportedly rejected a reported Β£85 million offer from Barcelona.

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Everton are said to have funds to spend this summer but it could become a balancing act with financial fair play rules. This would require the club to move some players on before they make some signings with the Brazilian falling into that category should he want to leave.

The 24-year-old still has three-years left on his deal, though 10 goal involvements in 34 appearances might not get Madrid fans excited.

It wouldn't be the first time that Richarlison has followed his coach from one club to another. He joined up with Marco Silva at Everton after leaving Watford in 2018.

LIVE BLOG

22.30 BST: That will do it for the latest edition of our LIVE Transfer Talk blog. We hoped you enjoyed following along with us and remind you to check back shortly for the latest transfer rumours, reports and completed deals. Goodnight!

22.03 BST: Bournemouth's Arnaut Danjuma is attracting interest from some top European clubs, the Daily Mail has learned.

The paper writes that Leicester, Lyon and Wolfsburg are considering the Dutch winger, who racked up 15 goals and added seven assists this season in the English Championship. The 24-year-old will likely be sold this summer after the Cherries failed to earn promotion to the Premier League.

21.19 BST: Atletico Madrid and Arsenal could reportedly swap right-backs, with Kieran Trippier going to Arsenal and Hector Bellerin going the other way, Marca claims.

Both players are tipped to return to their home countries this summer, with Trippier most linked with Manchester United. From an Atletico perspective, sporting director Andrea Berta has reportedly long been a fan of Bellerin, and the differing skillset he could bring to the Rojiblancos.

20.23 BST: Could Gianluca Busio be the next young American to make the move abroad?

ESPN's Taylor Twellman has learned that multiple Italian clubs have enquired about the highly-rated Sporting Kansas City midfielder. The 19-year-old, who debuted in MLS at 16, has an Italian passport and was previously linked with Fiorentina.

The youngster, who has starred for various underage U.S. national teams, has scored nine goals and added 10 assists in 81 appearances for SKC.

19.47 BST: Belgium assistant and Arsenal legend Thierry Henry is reportedly trying to convince Arsenal to sign young Anderlecht central midfielder Albert Sambi Lokonga.

Dutch outlet Voetbal24 claims that Henry has put in a good word for the 21-year-old with his ex-club, who are thought to be in the market for another central midfielder. Anderlecht are looking for between €15-20 million for the Belgium Under-21 international, which would make Lokonga a much cheaper proposition than say other Arsenal targets like Yves Bissouma.

Lonkonga made 27 league appearances for Anderlecht this past season, scoring three goals and adding two assists.

19.02 BST: Ex-Man City and Inter striker Stevan Jovetic could be set to trade beautiful Monaco for beautiful Nice.

Le'Equipe claims that the Montenegro striker could stay on the CΓ΄te d'Azur next season, and join OGC Nice. The 31-year-old has spent the last four seasons at AS Monaco, scoring 21 goals in 77 games.

18.07 BST: Man United have released eight players with goalkeeper Sergio Romero the notable inclusion.

The Argentine, 34, has been at United since 2015 but has been used sparingly behind David De Gea. Romero had tried to push for a move last summer but ultimately stayed at Old Trafford.

The Daily Mail adds that the club are still in talks with Juan Mata and that the midfielder's departure is not longer a foregone conclusion.

17.25 BST: Chelsea have signed two key members of their Champions League-winning side to contract extensions.

The club announced on Friday that they have agreed to one-year contracts with striker Olivier Giroud and centre-back Thiago Silva. Silva, 36, impressed this season after joining on a free transfer from PSG, while Giroud, 34, will stay on for a fifth season at Stamford Bridge.

Silva made 36 appearances for the Blues this past season over all competitions, while Giroud, who was linked with AC Milan, made 31 appearances, scoring 11 goals.

16.40 BST: Atletico Madrid are targeting Manchester City's Bernando Silva as they look to follow-up their La Liga title by building a squad that could challenge for the Champions League, according to France Football.

The magazine claims coach Diego Simeone has been a fan of the Portugal international since 2016 and Atletico are hoping to take advantage of the competition that Silva faces in City's midfield, as well as their relationship with agent Jorge Mendes.

France Football also says that in the event of Silva's departure, the Champions League finalists would look to replace him with Aston Villa's Jack Grealish.

15.53 BST: Germany forward Svenja Huth has signed a three-year contract extension with Wolfsburg, the club confirmed on Friday. Huth, who has 56 international caps, joined Wolfsburg in 2019 from FFC Turbine Potsdam and has made 51 appearances across all competitions since. In that time she's won two DFB Cups and the league in 2019-20.

"I'm happy to be able to extend my contract early for another two years and to wear the VfL jersey in the future", Huth said. "I feel very much at home in Wolfsburg, both athletically and personally, and I would like to continue to help us achieve our goals."

The 30-year-old won the 2013 European Championship with Germany and secured an Olympic gold medal at the 2016 Games in Rio.

15.09 BST: After shock reports on Thursday that Aston Villa were preparing a shock move for Emile Smith Rowe, Football London reports that Arsenal are confident he will sign a new contract. Smith Rowe, 20, became an influential player after breaking into the first team around Christmas, and is viewed as part of the Gunners' long-term plans.

However, Smith Rowe has just two years left on his contract, leading to concerns that Arsenal may sell to protect his value, if he doesn't sign an extension this summer.

But the report states that Arsenal are confident that the Croydon-born midfielder will commit to a new five-year contract

14.31 BST: Everton have announced that Joshua King, Theo Walcott, Yannick Bolasie and Muhamed Besic will leave the club when their contracts expire at the end of the month.

Walcott has already agreed to sign for Southampton, where he spent last season on loan.

14.10 BST: Chelsea manager Thomas Tuchel has signed a new deal with the club until June 2024.

Tuchel agreed an 18-month contract when he joined Chelsea in January, but has now pledged his long-term future to the club following the Champions League victory over Manchester City.

13.47 BST: The Sun reports that Premier League newboys Norwich City are ready to raid Celtic to sign Kristoffer Ajer. The Norwegian defender is also on the radar of Newcastle United and could be available for as little as Β£10m with only 12 months left on his contract.

Ajer, a 23-year-old central defender, has been at Celtic for five years after being signed from IK Start in his homeland in a deal worth up to Β£650,000.

"There are of course a lot of rumours, but as of right now there are only rumours," Ajer said. "I have one year left of my contract, and I will adhere to that and stay loyal to the club, but in order for both me and the club to have the best possible starting point [for negotiations] it is probably for the best that something should happen this year."

13.02 BST: Netherlands international Denzel Dumfries is a top transfer target for Everton, according to Voetbal International. The PSV Eindhoven defender, who is preparing for Euro 2020 with his national team, is on the radar of Everton's director of football, Marcel Brands.

Dumfries has two years left on his PSV contract and has made no secret of his desire to play elsewhere and has been linked to Everton in the past. The 25-year-old joined PSV from Heerenveen three years ago and is now the club's captain.

The deal could be helped along by Brands having been in charge of PSV's transfers from 2010 to 2018.

12.16 BST: Real Madrid's priorities this summer are moving players on and cutting the wage bill, according to both Marca and Diario AS, in a line that appears to have come direct from the club.

The newspapers report that Real will only spend big if they can sign number one target Kylian Mbappe from Paris Saint-Germain.

"Even the signing of a top forward isn't expected if the French star doesn't join," Diario AS says.

11.32 BST: Le10sport reports that Arsenal are haggling over the transfer fee for Matteo Guendouzi.

Guendouzi, 22, appears to have no future at the Emirates after falling out of favour with Mikel Arteta and being loaned to Hertha Berlin last season.

Marseille are reportedly in pole position to take the France Under-21 international back to Ligue 1, where he started his professional career with Lorient.

The report states that Guendouzi has already agreed terms, but the two clubs are struggling to agree on a fee. Marseille only want to pay €10m but the Gunners value him higher. He is contracted to the summer of 2022 but Arsenal have an additional year in their favour should a deal not be agreed this summer.

10.46 BST: Italian journalist Gianluigi Longari says that Liverpool are very much at the front of the queue to sign Raphinha from Leeds United -- though they will face competition from Manchester City and Manchester United.

Raphinha joined Leeds from Lille 12 months ago and was a revelation in his debut Premier League season, scoring six goals and providing nine assists.

10.02 BST: Mundo Deportivo reckons that Barcelona could be willing to sell Ilaix Moriba this summer to help ease their financial problems, and the Daily Mail reports that Chelsea, Manchester City and Manchester United would all interested.

The 18-year-old midfielder has only one season left on his contract at Camp Nou, so Barca will have to sell in this window if they cannot get him to commit to an extension. Mundo Deportivo says that Barca feel the player is asking for too much money.

The Spain Under-17 international has an Β£86m buyout clause, but it is unlikely any club would need to match that with only 12 months to go on his deal.

He turned down an offer from Man City when signing his first professional contract two years ago.

09.17 BST: It's "much too early to say" if Carlo Ancelotti's return to Real Madrid will affect Gareth Bale's future, the player's agent Jonathan Barnett has told ESPN.

Bale has a year left on his highly paid contract at the Bernabeu after spending last season on loan at Tottenham.

The forward has refused to comment on his plans for next year until after the Euros, saying "I know what I'm doing but it will just cause chaos if I say anything."

Bale got on well with Ancelotti during the coach's previous two seasons in charge, scoring in Real's Champions League final and Copa del Rey final wins in 2014.

08.30 BST: The Times is reporting that Wilfried Zaha is determined to leave Crystal Palace this summer and wants a new club by the time preseason training begins.

Zaha, 28, feels the time is right to find a new challenge after manager Roy Hodgson left the club this month. The Ivory Coast international has been at Palace for almost all his career, save for one season when he was at Manchester United and also loaned to Cardiff City. The rest of his time at United was spent on loan back at Selhurst Park.

With two years remaining on his contract, Palace will have to sell this summer if they are to get full value. He has been tracked by Arsenal and Everton in previous summers, but Palace wanted too much money due to Man United holding a 25% sell-on clause for any fee.

Meanwhile, Palace yesterday announced that striker Christian Benteke has signed a two-year contract extension, committing him to the club until 2023.

PAPER GOSSIP

- With sources telling ESPN's James Olley that Antonio Conte is in talks to manage Tottenham Hotspur next season, the Italian coach is reported to want AS Roma defender Alessandro Florenzi. According to Calciomercato, the 30-year-old is a big admirer of Conte and would be willing to make the move. The full-back is set to return to Roma following a loan stint at Paris Saint-Germain, and a permanent switch to the French capital seems unlikely. Spurs would be able to strike a deal for €10m this summer.

- Roma are looking to sign midfielder Teun Koopmeiners, according to Gazzetta dello Sport. The 23-year-old is viewed as a promising young talent and his desire to play under Jose Mourinho has fueled the possible move to Rome. However, talks are not yet at an advanced stage. The Netherlands international has had an impressive season at AZ Alkmaar, netting 15 times in 31 league appearances. His stock could rise further at Euro 2020.

- Juventus and PSG are in the race to sign Sassuolo midfielder Manuel Locatelli this summer. Gazzetta dello Sport reports that the 23-year-old is seen as ready for the next step up in his career, becoming an ever-present force in his side's midfield with 34 league appearances. For Juventus, the player is seen as filling a vital role in the heart of Massimiliano Allegri's plans going forward. Sassuolo are said to value the player at €40m and are in no rush to move him on until after the Euros.

- Arsenal have made a Β£30m offer for Norwich City's Emiliano Buendia according to The Sun, but they aren't the only club monitoring the player this summer. The Gunners are said to expect competition from Aston Villa for the 24-year-old who impressed in the Championship again last season, helping his side achieve promotion at the first time of asking. However, the Canaries are not in any rush to move Buendia on, insisting they would not accept anything below the Β£40m mark.