Transfer news LIVE: Chelsea eye Man Utd’s Sancho after Conor Gallagher deal

The Daily Mail reports that PSG have offered a loan with obligation to buy deal to Manchester United for Manuel Ugarte, allowing him to join the club this season with United agreeing to pay £51m for the Uruguayan next summer.

However, United deem that valuation too high from PSG – they value Ugarte at around £42m, while PSG want to recoup the entire fee they paid to Sporting.

Ugarte made 37 appearances for the French champions last season, but was left out of the squad for their Ligue 1 opener against Le Havre last week.

Conor Gallagher has been signed by Atletico Madrid for a reported fee of around £33m.

The 24-year-old England international has agreed a five-year tribute with the Spanish club.

Sky Sports report that Newcastle still haven’t given up hope of signing Marc Guehi, despite having multiple bids turned down.

The Tyneside club are hopeful of reaching a compromise with Palace, though their most recent bid of £65m (£60m + £5m) bid was rejected last week. Reports suggest that Palace value Guehi at a level closer to £65m plus £5m in add-ons.

Newcastle are assessing other options in case the move fails to materialise, though it is understood that Fulham’s imminent deal for Andersen won’t affect Palace’s stance on Guehi.

Further to that comment on Palace’s interest in Wolfsburg defender Maxence Lacroix, Fabrizio Romano is reporting that the south London side have nowmade a bid for the French defender.

The proposed deal is reportedly worth £12m as a fixed fee plus £2m in add-ons.

Romano adds that “Lacroix wants to leave Wolfsburg and has only one year left on his contract, while Glasner considers him among top targets”.

Plenty of exclusives dropping from Fabrizio Romano today. Just before the Gundogan announcement, he reported that Conor Gallagher has completed his move to Atletico Madrid.

Sky Sports reported earlier in the day that Gallagher had trained with Atleti ahead of the move, and Romano has now said that Gallagher “signs in as new Atlético Madrid player from Chelsea”.

He adds that a fee of €42m euros has been agreed, and it’s “all sealed now”.

It looks like Ilkay Gundogan has sealed his return to Manchester City this summer, as Fabrizio Romano has given the move the ‘here we go’.

Romano reports that Gundogan will leave Barca on a free, joining his old club in a deal running until summer of 2025.

He adds that an “agreement [was] reached after positive talks in last 48 hours, and Pep Guardiola said yes, as revealed yesterday”.

Sky Sports are also reporting that Brentford are “standing firm on their price for Ivan Toney”.

Al Ahli approached Brentford before the weekend to make an offer, and talks are ongoing, but the Saudi club are still some way from Brentford’s valuation.

As reported by The Independent, no Premier League clubs have entered talks over the England striker.

Thomas Frank had decided the England international should not be involved in their opening win over Crystal Palace on Sunday.

Sky Sports report that Panathinaikos have agreed a ‘deal in principle’ with Manchester United for Uruguayan winger Facundo Pellistri.

A deal worth £5m has been agreed, and Pellistri is expected to travel to Greece soon for a medical.

We have already rounded up the biggest awards in the men’s game, going to Phil Foden and Cole Palmer, but here is the full XI:

Walker, Van Dijk, Saliba, Gabriel,

Another player set to be victim of Chelsea’ spending spree is Armando Broja.

The Albanian forward is set to join Ipswich Town on loan, with the Tractor Boys having a £30m obligation to buy if they secure Premier League survival this season.