Gossip column: Pedro, Stones, Terry, De Bruyne

For a list of all the latest deals, check out the transfers page.

Chelsea are likely to make a late attempt to beat Manchester United to the signing of Barcelona forward Pedro, 28. (Mail)

The Spain international has given United a time limit of three days to sign him. (Mundo Deportivo - Spanish)

Chelsea will consider making a £40m offer for Everton defender John Stones, 21, after a £30m bid was rejected. (Guardian)

The Blues are prepared to wait before submitting a fourth bid of £40m - which may include Victor Moses or Bertrand Traore on loan - to see if Stones will ask to leave Everton. (Telegraph)

Fenerbahce will offer Chelsea defender John Terry, 34, a £2.5m annual salary in an attempt to lure him to Turkey.(Mail)

Branislav Ivanovic, 31, is set to become the latest player axed by Chelsea boss Jose Mourinho, with new signing Abdul Baba Rahman poised to go straight into the team for Sunday's trip to West Brom. (Mirror)

Manchester City will complete the £88m double signing of Valencia defender Nicolas Otamendi, 27, and Wolfsburg midfielder Kevin de Bruyne, 24. (Mirror)

Spanish football journalist Guillem Balague says Otamendi has completed his 45m euro (£31.7m) move to City. (Twitter)

City are set to sign Otamendi for as little as £8m, because the Spanish club still owe City £24m for striker Alvaro Negredo. (Express)

West Brom have told Tottenham they will need to pay £25m to sign 22-year-old striker Saido Berahino.(Independent)

Former QPR midfielder Joey Barton is set to join Nottingham Forest on a free transfer.(Sun - subscription required)

QPR are set to avoid a huge fine from the Football League that relates to the club exceeding financial fair play rules in 2013-14, with the punishment expected to be around a more manageable £8m. (Guardian)

Wednesday's Mirror back page

Bournemouth are interested in signing striker Jermain Defoe from Sunderland. The 32-year-old played for the Cherries as a teenager.(Mirror)

Arsenal will need to pay £35m if they want 28-year-old Paris St-Germain striker Edinson Cavani.(Eurosport)

Arsenal's 18-year-old midfielder Gedion Zelalem held talks with Rangers yesterday over a loan move to the club, but is also wanted by English trio Fulham, Charlton and Birmingham City.(Daily Record)

Real Madrid hope they can use goalkeeper Keylor Navas, 28, in their attempt to sign Manchester United's 24-year-old keeper David De Gea. (Marca)

Everton striker Steven Naismith, 28, has praised the way team-mate Stones has continued in a "professional manner" amid interest from Chelsea. (Sky Sports)

Former Manchester United captain Bryan Robson believes Pedro would be a good signing for the Red Devils. (Talksport)

AC Milan president Silvio Berlusconi has told Paris St-Germain striker Zlatan Ibrahimovic, 33, the San Siro club are "waiting with open arms" for him to return. (Gazzetta World)

Aston Villa boss Tim Sherwood is expecting to sell more players this summer, with left-back Kieran Richardson thought to be on his way out. (Birmingham Mail)

Richardson, 30, will not be returning to Sunderland, should he leave Villa. (Sunderland Echo)

Former Newcastle United striker Mick Quinn says the Magpies are becoming "northern softies". (Newcastle Chronicle)

Everton Under-21 coach David Unsworth says the Toffees are the best club in the country for youth development. (Liverpool Echo)

QPR have avoided a potential £50m fine and will instead have to pay £8m for breaching the Football League Financial Fair Play rules. (Express)

Best of social media

West Ham goalkeeper Adrian tweeted he had "no comment" after the decision to not overturn his red card against Leicester City. Though the three angry-face emojis might offer a clue as to his feelings.

"Swanky! Our new players look great even in Lederhosen!" claimed Bayern Munich on Instagram next to a picture of new signings Joshua Kimmich, Sven Ulreich, Douglas Costa and Arturo Vidal in the traditional German attire.

Rio Ferdinand has been feeling nostalgic. The former Manchester United defender posted a picture of himself and fresh-faced former team-mate Wayne Rooney, comparing it to a picture of the bad guys from the Home Alone films.

Cristiano Ronaldo refuses to bow to social convention. That is why he wears his shorts rolled all the way up his thighs and posts a picture of it on Instagram.

And finally

Former Manchester United and England defender Phil Neville has put his £3.5m Cheshire home up for sale. It includes a cinema room, swimming pool, lift and indoor football area. (Altrincham Today)

Tottenham fans are used to striker Roberto Soldado missing the target. Now his new supporters at Villarreal are too as the Spaniard failed to kick a ball into the crowd. Twice. (ESPNFC.com)

Sunderland have been made odds-on favourite to be relegated from the Premier League - by their own shirt sponsor, Dafabet.(Mail)