AC Milan has rejected a hefty offer from an unidentified English club for striker Alexandre Pato.
Pato raised doubts about his future weeks ago with comments about possibly leaving the club, but Milan appears determined to keep the Brazilian forward as the club has turned down a huge offer from an English Premier League team.
Reports suggest that Chelsea are the unidentified club with former AC Milan manager Carlo Ancelloti now in charge of the Blues. Ancelotti has been linked with a plethora of his former players since being hired by Chelsea so it would come as no surprise if he made a bid for Pato.
Here are more transfer stories to get you up to speed with what's been going on during the silly season:
Tevez favoring City move
Carlos Tevez could soon be donning the baby blue of Manchester City.
According to Tevez's advisor, Kia Joorabchian, the Argentine striker is leaning towards signing with the Citizens due to their ambitious attempts to build a big club. Tevez recently rejected a lucrative Manchester United offer, stating that it was made too late.
Tevez also has offers from Chelsea and one other unnamed club and is expected to make a decision in the next "ten days".
Albiol agrees to terms with Real Madrid
Real Madrid has continued their spending ways as they agreed to terms with Valencia defender Raul Albiol on Thursday.
Although the exact transfer fee has not been released, reports suggest that Madrid will pay around £12.8 million ($17.9 million) for the centerback.
Albiol, currently on international duty with Spain at the Confederations Cup, will undergo a medical with Madrid next week. If passed, Albiol will finalize a five-year deal with the club.
Panathinaikos close to Cisse deal
Djibril Cisse appears to be on his way out of Marseille as Greek club Panathinaikos have agreed to a deal for the French international.
Cisse is expected to travel to Greece within the coming days and if all goes well, he will sign with the club that is reportedly willing to pay an estimated £8 million ($11.2 million) for his services.
Cisse spent the past season on loan with English Premier League club Sunderland and scored 11 goals with the club.
Think Pato is will stay with Milan by summer's end? Where will Tevez wind up? Is Albiol the type of defender Real Madrid needs? Should Cisse stay in England?
Share your thoughts below.