TRANSFER ZONE - 9th July 2013

• Real Madrid President Florentino Perez has admitted that £85 million is too much to pay for Tottenham and Welsh winger Gareth Bale.

• Liverpool owner John W. Henry insists that it would be 'ludicrous' to sell Uruguayan forward Luis Suarez to Arsenal.

• Italian clubside Roma have completed the £7 million signing of Ivorian winger Gervinho from Arsenal.

• Chelsea Boss Jose Mourinho insists that he will fight till the last day to sign Manchester United striker Wayne Rooney who has been sent to train alone with the club reserve team at his own request.

• Liverpool have rejected a £17 million bid from Barcelona for Danish defender Daniel Agger.

• Manchester United target Cesc Fabregas has ended speculation about his future by revealing that he wants to stay in Spain.

• Tottenham are lining up a move for Newcastle United playmaker Yohan Cabaye who is also a target for French champions PSG.

• Spanish club Valencia have confirmed the signing of former Tottenham striker Helder Postiga from Real Zaragoza on a two-year deal.

• Arsenal and Chelsea target Luis Gustavo is close to securing a move to the Premier League after Bayern Munich revealed interests from big clubs in England.

• Arsenal target Julio Cesar will complete a move to Fiorentina if the Italian side meets QPR's asking price.

• Liverpool are lining up a move for Granada left-back Guilherme Siqueira.

• Turkish club Besiktas are interested in Manchester United left-back Alex Buttner but are yet to table an offer for the Dutchman.

• Fulham have made an enquiry for QPR midfielder Esteban Granero.

• Stoke City are bidding to sign former Manchester United striker Mame Biram Diouf from German club Hannover.