TRANSFER ZONE - 22nd August 2014

• Liverpool have agreed a £16 million fee with AC Milan for the transfer of Italian striker Mario Balotelli subject to passing a medical The Anfield club will seal the move if the fiery forward agrees to 'conduct clauses' in his contract. 

• Manchester United and PSG are still in the battle for the £50 million signature of Real Madrid forward Angel Di Maria. Boss Carlo Ancelotti has revealed that the Argentine winger has asked to leave the club.

• Germany World cup winning midfielder Sami Khedira has rejected a new contract at Real Madrid thus fueling speculations of a move to Arsenal.

• Arsenal are eyeing West Ham defender, Winston Reid. Arsene Wenger is keen to boost his defensive options before the end of the transfer window. 

• West Ham United are interested in a loan move for Atletico Madrid defender Toby Alderweireld.

• QPR have completed the signing of Chilean and Napoli forward Eduardo Vargas on a season-long loan.

• Monaco and PSG are interested in taking Chelsea goalkeeper Petr Cech on loan for the season.