With Llorente in London, Swansea have had a bid accepted for Manchester City striker Wilfried Bony. They are alsoclose to signing of Bayern Munich's attacking midfielder Renato Sanches on a season-long loan.

Arsenal could see another player leave, with rivals Manchester City having a £50m bid for Chile forward Alexis Sanchez rejected.

The Gunners want England winger Raheem Sterling as part of any deal, but Guardiola wants Sanchez as a straight purchase.

Guardiola is also interested in West Brom defender Jonny Evans and City have had two bids rejected for the Northern Ireland international, while the Baggies also rejected a £23m offer from Leicester.

Image source, Getty Images

Now that Alex Oxlade-Chamberlain's transfer has gone through on Thursday, let's take a look at which other high profile players could be on the move.

Over £1bn has already been spent by Premier League clubs in a record breaking summer, while Neymar joined Paris St-Germain for a world transfer record of £200m.

After missing out on Oxlade-Chamberlain, Chelsea will hope to sign England and Leicester midfielder Danny Drinkwater, who has asked to leave the Foxes.

The Premier League champions have also seen a £25m bid for England midfielder Ross Barkley rejected by Everton, but the 23-year-old could still leave the Toffees.

Chelsea striker Diego Costa's future is still unresolved. With the Spain international no longer in Antonio Conte's plans, he could still rejoin Atletico Madrid, despite the Londoners having previously demanded a fee Atletico 'can't get near', according to the player.

The Blues are still after Swansea's Fernando Llorente, but he appears to be having a medical at Tottenham.

Image source, Getty Images

Simon March
Fantasy Football Champion

Alex Oxlade-Chamberlain’s move to Liverpool is a mixed bag from a Fantasy Football perspective. A key positive is that, unlike at Arsenal, he looks unlikely to be played in a wing back position under Klopp, potentially increasing his attacking potential. The Ox also seems more assured of starts and would, therefore, offer a cheap route into an all-action Liverpool midfield.

The key questions is whether he can really deliver as a fantasy football asset. His numbers are less than encouraging; nine goals and 19 assists in six seasons aren’t hugely inspiring returns (though it’s worth noting seven of those assists came last season) so Klopp will have to work some magic to make Oxlade-Chamberlain a genuine option for fantasy managers.

Arsenal

Akhil Vyas, Arsenal Supporters' Trust:

1. For Arsenal, it's turned into a bit of a 'mare! We are in serious danger of losing Alexis Sanchez with potentially no replacement. There's is a dilemma between internal or external disruption with Alexis.

This should have been resolved weeks ago.

2. A good day now for Arsenal realistically would be either keep Alexis or sell but replace him with a Draxler type signing. But we fear we could up with no one coming in & Alexis going out which would be a huge blow.

This morning we asked which player you believe is most likely to move today.

BBC Sport readers clearly think Alexis Sanchez's time at Arsenal is over with 32% of you saying his move away from the Gunners will happen in the next few hours.

Image source, .

Pat Murphy
5 live Sport

Still no fresh bids into West Brom for either Johnny Evans or Nacer Chadli. With just 10 hrs left the meter ticks ever louder...

We have been asking you to sum up your club's transfer window activity in a gif or meme.

So why not dig through the wonderful visual world of the internet and send us how you feel?

You can contact us using the #bbcfootball hashtag.

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It's all go, guys! Here are all the deals that have gone through today.

We're expecting more to come 'thick and fast', as the cliched gaffers like to say.

Premier League

12:33 - Serge Aurier [PSG - Tottenham] £23m

12:00 - Alex Oxlade-Chamberlain [Arsenal - Liverpool] £35m

Football League

12:30 - Max Stryjek [Sunderland - Accrington] Loan

11:31 - Tom Davies [Portsmouth - Coventry] Undisclosed

10:45 - Timi Elsnik [Derby - Swindon] Loan

10:45 - Kellan Gordon [Derby - Swindon] Loan

10:32 - Jason Lowe [Blackburn - Birmingham] Free

10:30 - David Wheeler [Exeter - QPR] Undisclosed

10:00 - Pawel Cibicki [Malmo FF - Leeds] Undisclosed

09:34 - Scott Flinders [Macclesfield - Cheltenham] Free

09:00 - Jordan Houghton [Chelsea - Doncaster] Loan

09:00 - Kane Wilson [West Brom - Exeter] Loan

Scottish Premiership

Ross Callachan [Raith Rovers - Hearts] Undisclosed

Declan John [Cardiff - Rangers] Loan

Ian Dennis
Senior football reporter for 5 live Sport

Swansea City have had a £12m bid accepted by Manchester City for Wilfried Bony.

Image source, Getty Images

There's a lot of activity involving Swansea at the moment.

First, Fernando Llorente has a medical at Tottenham and now....

Ian Kennedy
Reporter, BBC Radio Merseyside Sport

The arrival of Alex Oxlade-Chamberlain could well signal the end of Liverpool’s transfer business in terms of in-comings today (although you never know) – unlikely that Virgil Van Dijk will be moving to Anfield this time, so Jurgen Klopp has added Mo Salah, Dominic Solanke, Andy Robertson, Alex Oxlade-Chamberlain, and don’t forget Naby Keita for next season.

He’s clearly happy with his goalkeepers, and his centre backs although Van Dijk would have been a welcome addition. In terms of outgoings – could be some movement with Mamadou Sakho linked with Crystal Palace and West Brom – the futures of Lazar Markovic and Divock Origi the subject of speculation – so could be much going on at Anfield before 11pm.

More from Jurgen Klopp on signing Alex Oxlade-Chamberlain...

“I hear a lot of talk about positions but let's talk about the player; he is someone with really good abilities who always gives everything for his team," said the Reds boss. "A player that is positive and willing to take risks to try and make positive things happen.

“He may still be young but he has a lot of experience in the Premier League, Champions League and for his country. Already he is a very, very good player and I think he has the mentality and desire to get even better - and that excites me.

“This is someone making a tough decision to leave one great club and come to another great club and I think he had many options, so to get him means I am delighted."

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Crystal Palace

Terence Ford, founder of RedNBlueArmy.co.uk, external:

With one fit striker, one centre-back that can pass as Frank de Boer requires and only two goalkeepers on the books, it is clear where Palace need to strengthen before the window closes.

After his heroic efforts on loan last season, Mamadou Sakho would be welcomed back at Selhurst Park, but with the Palace board taking on the role of sole torch holders of financial fair play rules, Liverpool’s £30m price tag will need to reduce. Reports suggest that Palace may turn their interests to Mangala at Man City (£23m), but this feels like a scare tactic to make Liverpool lower their asking price.

If Christian Benteke picks up an injury, then the Eagles are in big trouble. The problem is, who will sign for the Eagles knowing they will play second fiddle to the big Belgian? Janssen (Spurs), Tosun (Besiktas) and Niasse (Everton) have all been linked.

Between the sticks, Wayne Hennessey is now two seasons past his sell by date per most Palace fans and a ball playing goalkeeper is desperately needed to aid de Boer’s struggling playing style revolution - sorry, I mean evolution. Jeroen Zoet of PSV has been consistently linked with a move to South London, but the internet suggests he is as error prone as the Welshman he would replace. Adrian

Our activity in this window will be the difference between relegation and survival. I am more hopeful than confident that we will do what is needed.

Image source, Reuters

Trying to convince him mid-medical! Absolute scenes.

Ian Stringer
BBC Radio Leicester Sport

It’s our understanding that Leicester City have not had any further approaches regarding Danny Drinkwater (at least one bid has been rejected but earlier in the week) and have not been approached about Riyad Mahrez.

Accrington Stanley have signed Polish goalkeeper Max Stryjek on loan until the end of the season.

Image source, Getty Images

Tottenham Hotspur

Nathan Clark from Spurs blog TalkingTottenhamTactics:

Serge Aurier’s signing makes a somewhat divisive one. Some are unhappy with comments, deemed homophobic, that Aurier has made in his past and are further unhappy with what the club signing the player represents. Worries about the players’ character go beyond the political. With a track record of questionable behaviour Aurier could potentially threaten to harm the positive mood in the Tottenham dressing room. Purely as a player though, all must agree, that few in world football could be a better replacement for Kyle Walker. Aurier has the pace, strength, stamina and ball-carrying skills that Walker used to stretch opposition defences wide for Pochettino’s Tottenham the past three seasons. In addition he boasts a wicked cross that is more akin to Kieran Trippier’s. He is also prone to a reckless tackle but that seems likely something that Pochettino can smooth over.

Image source, AFP

Ivory Coast international Serge Aurier speaking about his move to Tottenham: “This is a huge and exciting opportunity at a massive football club and I am determined to prove myself as a professional both on and off the pitch.

"This is a fresh start for me and I will do everything to make the Spurs fanbase, which is huge and diverse, proud of me. The fans are the most important people at any club and I am looking forward to showing them and everyone at Spurs the real Serge Aurier.”

The right-back has been with PSG since July 2014 and played 81 times, scoring five goals for the Parisians.

Image source, Getty Images

Serge Aurier leaves PSG to join Spurs on a deal until 2022.

Image source, Getty Images

Brace yourselves...we have another incoming!