Transfer Clock: Arsenal move on £50m duo, Manchester United's €42.5m offer, Liverpool want defender

Mario Balotelli -  San Siro, Milan, Italy

Arsenal, Chelsea, Liverpool, Manchester United and QPR feature.

Transfer Clock: Seven days to go until the Transfer Window opens. Here are the stories you need to know...

Arsenal act on Balotelli and Cuadrado?

Arsenal are reportedly so keen on Mario Balotelli and Guillermo Cuadrado they have set up meetings with both players' agents during the World Cup. The Star report that the Gunners have sent representatives to Brazil to negotiate with both Serie A based players, who are representing Italy and Colombia. The Gunners are believed to be frontrunners regarding striker Mario Balotelli, but winger Cuadrado is attracting interest from clubs of the calibre of Bayern Munich and Barcelona. To sign both players could cost as much as £50 million.

Manchester United's Shaw ultimatum?


#451108844 / Manchester United have increased their offer for Luke Shaw to £34 million, report The Mirror. The Red Devils were reported to have had previous offers of £27 million and £30 million turned down by Southampton. Shaw is set to make his World Cup debut for England against Costa Rica in under 24 hours. The offer, which equates to €42.5 million, is an illustration of United flexing their financial muscle, as they attempt to get their summer business underway. United have already secured Patrice Evra at left-back for a further 12 months, but Shaw represents the future of the position at the club.

Costa to Chelsea not done

Diego Costa's Spain side may be eliminated from the World Cup, but he won't be signing for Chelsea imminently. Spanish paper AS report Atletico Madrid's president as confirming Chelsea have not yet paid the £32 million release clause required, and the striker remains with the club until this happens. With Costa coming through the World Cup unscathed from an injury perspective, Chelsea could now decide it is safer to give the green light on the deal over the next week.

Liverpool want Micah Richards

Liverpool are eyeing versatile defender Micah Richards, suggest the Manchester Evening News. Richards has fallen further down the pecking order at Manchester City after Bacary Sagna's arrival, and the defender's versatility and experience should appeal to the Reds. Richards can play at centre-back and right-back, and has Champions League experience to add to the squad.

Rio Ferdinand to agree switch to QPR?

Former Manchester United defender Rio Ferdinand is said to have agreed a deal to sign with QPR, report The Mail. Ferdinand is officially a free agent at the end of the month, and is being tempted to join the newly promoted Premier League side by Hoops boss Harry Redknapp, his former manager at West Ham. Ferdiand is said to be taking a substantial pay cut to make the move.

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