
Napoli have started negotiations to sell Edinson Cavani to Manchester City and Aston Villa are chasing Burnley striker Charlie Austin.
Manchester United earned a record £60.8million in Premier League TV money after winning the title this season.
Liverpool want Schalke centre-back Kyriakos Papadopoulos and Kolo Toure, while Michael Laudrup is the second favourite for the Real Madrid job.
Barcelona are ready to make a £20million move for Vincent Kompany, while Liverpool hope to land Sporting Lisbon winger Diego Capel for £4m.
Harry Redknapp admits he has a tough task on his hands as he looks to rejig his squad for life in the Championship.