10am deadline day news: United offer Falcao €9m a year, Valdes to Liverpool, Boyd and more!

All the latest transfer news on deadline day featuring Arsenal, Aston Villa, Burnley, Hull City, Liverpool, Manchester City and Manchester United.

Breaking news:

Liverpool are allegedly targeting Victor Valdes.

The former Barcelona goalkeeper is a free agent and so Brendan Rodgers need not feel pressured into concluding a deal on deadline day as his employment status indicates he can still transfer in the days, or weeks, ahead.

Rodgers may be wary over acquiring the Spaniard as he will not be fit until December - which begs the question; would he even pass the same medical examination that failed Loic Remy before the striker transferred from QPR to Chelsea?

Wigan Athletic and Scotland midfielder James McArthur, who has a market value of around £8 million, is at the centre of a three club race for his signature that involves Leicester City, Burnley and Crystal Palace, however, it is the South London club who are favoured to beat off the competition.

Arguably the best player on the summer market is Radamel Falcao and, while Manchester City's riches appeared likeliest to attract not only the player, but also goad AS Monaco into selling, it could well be Manchester United who end up adding the Colombian to their roster.

Spanish publication AS believe Louis van Gaal's Old Trafford side have already bid €65 million for the striker, which would trump Arsenal's alleged offer of a loan. Falcao will link up with Angel di Maria having already signed a four year deal, according to AS, who also state he will earn €9 million per year.

Elsewhere, George Boyd is set to depart Hull City in order to join Burnley for a £3 million fee. The move is subject to a medical examination.

Ongoing developments:

The Spanish press have talked-up Real Madrid-bound striker Javier Hernandez, by branding the Mexican hitman "the best super-sub in the world" and a player "half of Europe wanted." Chicharito was deemed surplus to requirements at Manchester United and will be used predominantly as an impact player from the bench, deputising for Karim Benzema.

Arsenal may well be one of the clubs linked with transfer-listed/loan-listed Monaco predator Falcao, but manager Arsene Wenger will surely baulk at the sums being asked of interested parties by the Ligue 1 powerhouse. Instead, the French coach may well spend his deadline day negotiating with Sporting Lisbon over the protracted sale of midfield battler William Carvalho.

Arsenal have also been linked with Aston Villa stopper Ron Vlaar.

Manchester City will not give up hope on acquiring Falcao ahead of United themselves, however, in order to do so they will need to sell, to buy. And Spain expert Guillem Balague told Sky Sports that Alvaro Negredo would be the one who makes way for Radamel, with the "Beast" in talks with Valencia over a deal.

City could also ratify the sale of Micah Richards to Fiorentina.

Done deals:

AC Milan have tweeted a photograph of Marco van Ginkel partaking in his medical evaluation, following the confirmation of their deal for the midfielder's former team-mate at Chelsea - Fernando Torres.

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