TRANSFER ZONE - 17th June 2014

• Arsenal are set to launch a £25 million bid for AC Milan and Italian striker Mario Balotelli. 

• Chelsea are in talks with Atletico Madrid over the possible signing of Left-back Filipe Luis. The Stamford Bridge club are ready to meet the £21 million buy-out clause in the Brazilian's contract.

• Liverpool have lined up a move for Wolfburg defender Ricardo Rodriguez should their bid for Sevilla's Alberto Moreno fail.

• Italian club Inter Milan are interested in bringing Manchester City striker Stevan Jovetic to the San Siro this summer.

• Barcelona have confirmed the signing of Croatian midfielder Ivan Rakitic from Sevilla on a five-year deal.

• Atletico Madrid have lined up Manchester City striker Alvaro Negredo as a possible replacement for departing Diego Costa.

• Everton are set to beat Arsenal and Manchester United to the signing of Torino forward Alessio Cerci.

• Arsenal, Chelsea and Manchester United are battling for the signature of Napoli and Argentina striker Gonzalo Higuain.

• Chelsea are also eyeing Steaua Bucharest left-back Lasmin Latovlevici as another option for replacing departed Ashley Cole.