Wednesday's round up of the top transfer stories from the past 24 hours...
- Manchester United have confirmed they have agreed terms with Borussia Dortmund for the transfer of Shinji Kagawa.
- But Kagawa has stressed that he is yet to put pen-to-paper on a contract with United, and has no plans to do so until after he represents Japan in two upcoming 2014 World Cup qualifying games.
- Barcelona and Manchester City are on alert as Gareth Bale is considering his Tottenham future, according to the Daily Mirror.
- Arsenal target Yann M'Vila has told Goal.com he will not discuss his future until after Euro 2012.
- Athletic Bilbao striker Fernando Llorente has put Arsenal and Manchester United on alert by hinting at a move to the Premier League.
- Chelsea are closing in on a £38million deal for Porto striker Hulk, who looks set to join Eden Hazard at Stamford Bridge, according to the Daily Mirror.
- Yohan Cabaye has admitted he is aware of speculation linking him with a move to Manchester United, but insists he is focused on Newcastle.
- Lille coach Rudi Garcia has revealed Joe Cole is set to remain a Liverpool player next season, telling Canal+: "The new staff has decided to keep him."
- Barcelona's attempts to sign Valencia defender Jordi Alba have reached a deadlock, according to El Mundo Deportivo.
- Manchester United midfielder Paul Pogba has revealed he is in Turin to complete his move to Serie A champions Juventus.
- Anderlecht midfielder Lucas Biglia has revealed to The Sun Arsenal have been in contact about a summer move to Emirates Stadium - but the Gunners face stiff competition from Real Madrid.