TRANSFER ZONE - 3rd June 2015

• Manchester United have had a shocking bid of £110 million for Real Madrid stars Gareth Bale and Raphael Varane, rejected. In related development, Manchester United goalkeeper David de Gea is on the verge of completing a move to Real Madrid and the club have lined up Tottenham goalkeeper Hugo Lloris and Stoke City's Asmir Begovic as possible replacements. Dutch striker Robin van Persie has admitted his future is uncertain at Old Trafford and is keen to leave the club in search of regular football, with Juventus and Fenerbahce being touted as possible destinations.

• Premier League Champions, Chelsea are set to launch a £30 million bid for Napoli striker Gonzalo Higuain, who is also a target for Manchester United and Arsenal. Boss Jose Mourinho is keen to replace outgoing Ivorian striker Didier Drogba. The Blues manager has also debunked reports linking Diego Costa with a move away from the club. The Stamford Bridge club are also in a race with Manchester United for the signature of Athletico Madrid defender Miranda. Newcastle midfielder Moussa Sissoko claims that Chelsea are interested in signing him. 

• Manchester City have lined up a £32 million move for Real Madrid forward Isco. The Etihad club are also ready to resist moves from the Spanish club to lure star striker Sergio Aguero to the Spanish Capital. In another development, the Etihad club have been told by Wolfsburg that playmaker Kevin De Bruyne is not for sale.

• Arsenal forward Theo Walcott has been linked with a move to Liverpool. The England winger wants assurances over playing upfront before committing his future to the North London Club. The Club have also lined up FC Porto forward Jackson Martinez as his replacement. In another development, Arsenal full-back Nacho Monreal is set to snub a move to Athletic Bilbao and sign a new seal at the Emirates Stadium.

• Liverpool are close to completing the deal to bring Manchester City forward, James Milner to Anfield. The deal will see the England star move to Liverpool on a free transfer by July 1. In another development, Lyon striker Alexandre Lacazette has ruled out a move to Liverpool this summer.

• Aston Villa striker Christian Benteke who is a target for Manchester United, Chelsea and Arsenal has confirmed he wants to quit the club in search of European football.

• Tottenham have lined up a £12 million move for Marseille midfielder Gianneli Imbula and are ready to offer Benjamin Stambouli as part of the deal.

• Ghana and former Chelsea midfielder, Michael Essien has signed a two-year deal with Greek club Panathinaikos after his 18 months deal with AC Milan.

• French Club AS Monaco have revealed that Bulgarian forward Dimitar Berbatov will leave the club at the end of his contract this summer. The former Manchester and Tottenham forward is keen to return to the Premier League and has been linked with a move to newly-promoted AFC Bournemouth.