It's important to remember that Premier League clubs can still sell players to other leagues after today's deadline.

The danger with that is that those clubs cannot bring in anybody to replace players past that point.

So if Tottenham midfielder Christian Eriksen transfers to a club in Spain after today's deadline, Mauricio Pochettino will have to wait until January to bring in a replacement.

Image source, Getty Images

Watford

Matt Rowson, bhappy.wordpress.com: "A relatively low key summer for Watford's recruitment team sparked yesterday with the unheralded recruitment of Danny Welbeck, a splendid signing on a free. This might not be the end of it; if Ismaila Sarr arrives today it will be for a record transfer fee and a load of excitement but by all accounts he's not the only iron in the fire; a physically dominant centre-back seems to be high on the list, with interest in other areas suggesting that there might be some traffic out as well as in. Not Abdoulaye Doucoure however, as the expected opportunity of a step up never materialised.

"We have an excellent squad and good cover in most areas so if it IS a quiet day at Vicarage Road I won't be unhappy."

Kerron Cross: Yes, we’d love to sign Ismaïla Sarr, but a good transfer deadline today would be for Watford to hold on to the 3 Ds - Deulofeu, Doucoure and Deeney. Anything else is a bonus!

It's the second year in a row the Premier League's transfer window closes the day before the season starts.

The deadline is at 17:00 BST today and that is also the case for the Championship.

Elsewhere in the UK, the deadline for Scottish clubs, League One and League Two, will take place on Monday, 2 September.

Europe's top leagues - including the likes of La Liga, Bundesliga and Serie A - also close on 2 September.

Image source, .

Graham: Today will be a good day if my club get mentioned at all (Romford FC)

Your wish is our command, Graham! A mention on this very page before breakfast.

Look at the love Inter fans are showing Manchester United striker Romelu Lukaku. And he's not even signed yet.

Simon Stone
BBC Sport

Man Utd have reached agreement with Inter Milan to sell Romelu Lukaku.

The fee could rise to 80m Euros.

Image source, Getty Images

Simon Stone has just walked into the office and immediately has some transfer news to tell us...

For a full list of every transfer this summer, head over here.

Image source, Getty Images

Image source, .

Real Madrid have opened talks with Paris St-Germain over a deal to sign Brazil striker Neymar, 27.(Sky Sports), external

Barcelona's desire to re-sign striker Neymar, 27, hinges on the club offloading midfielder and fellow Brazil international Philippe Coutinho.(Goal), external

Manchester United are willing to pay the £81m release clause of Athletic Bilbao and Spain forward Inaki Williams, 25.(El Chiringuito TV - via Mail), external

Leroy Sane's proposed move from Manchester City to Bayern Munich has been complicated by a knee injury sustained by the 23-year-old Germany international.(Mail), external

Chelsea's Brazilian defender David Luiz, 32, will be allowed to join Arsenal for £8m.(Mirror), external

There's more in the gossip column here

Image source, Getty Images

Transfer Deadline Day wouldn't be Transfer Deadline Day without the odd left-field rumour and the early one doing the rounds this morning is a corker.

Manchester City are apparently in talks, external to sign goalkeeper Scott Carson on loan from Derby.

Okay then...

Let's kick things off this morning with this - complete the following sentence:

Today will be a good day if my club _________________

It could be signing a certain player, selling a certain player or not doing any transfer activity at all!

Send your responses to #bbcfootball

Image source, Getty Images

First bit of actual transfer news this morning, Tottenham have reached an agreement with Fulham to sign England Under-21 left-back Ryan Sessegnon for £25m, with Spurs midfielder Josh Onomah moving the other way.

Meanwhile, Tottenham’s proposed signing of Real Betis midfielder Giovani Lo Celso is likely to be on loan with an obligation to buy.

Tottenham are being strongly linked to Juventus forward Paulo Dybala and Real Betis midfielder Giovani lo Celso -with their playmaker Christian Eriksen keen on a move abroad.They ended their interest in a loan move for Barcelona's Philippe Coutinho on Wednesday.

Manchester United had been interested in both Dybala and Eriksen but could now make no deadline-day signings.

English clubs can still sell players after the deadline - with Romelu Lukaku likely to leave United for Inter Milan, who have made a fresh bid for the striker.

Likewise, Eriksen could leave Spurs any time until 2 September. But with Premier League clubs unable to sign replacements after Thursday, a Paul Pogba exit from United seems less plausible.

Also, this has the potential to be a surprise move - Arsenal have been linked with Chelsea's David Luiz. One to watch out for today...

Image source, Getty Images

Here's some of the the big deals that have happened so far. It seems that we say this every year, but this could well end up being a record-breaking transfer window...

Harry Maguire [Leicester - Manchester United] £80m

Nicolas Pepe [Lille - Arsenal] £72m

Rodri [Atletico Madrid - Man City] £62.8m.

Tanguy Ndombele [Lyon to Tottenham] £53.8m

Sebastien Haller [Eintracht Frankfurt to West Ham] £45m

Joelinton [Hoffenheim to Newcastle] £40m

Moise Kean [Juventus - Everton] £25.1m

Arnaut Danjuma [Club Bruges - Bournemouth] £13.7m‏

Tom Heaton [Burnley - Aston Villa] £8m

Laurent Koscielny [Arsenal - Bordeaux] £4.6m

Gary Cahill [Chelsea - Crystal Palace] Free

Wayne Rooney [DC United - Derby County] Player-coach deal to go through in January

Image source, Getty Images

Image source, Getty Images

Happy Transfer Deadline Day!

There's some big deals potentially in the pipeline and the wheels of the transfer window have started turning early this morning so, without any further ado, let's crack on...