Liverpool, as well as AC Milan and Juventus, have all reportedly enquired about the Porto winger.
The Premier League title contenders have had five of their players included in Roy Hodgson's provisional squad.
Arsenal were linked with a big-money move for the Uruguayan last summer.
Celtic goalkeeper Craig Gordon and Roy Keane have previously worked together at Sunderland.
Ibrox side Rangers are reportedly interested in signing Burnley midfielder Joey Barton in the summer transfer window.
Crystal Palace take on Manchester United at Wembley in the FA Cup final on Saturday.
Steve Evans is in charge of Leeds United until the end of next month.
The Arsenal star has been on loan at Roma for the last year.
The Spaniard enjoyed a very successful season with the Championship side.
Wolverhampton Wanderers finished 14th in the Championship this past season.
The Arsenal midfielder joined the Cherries on loan over the summer in a bid to recapture his form and fitness.
Exciting Arsenal youngster divided opinion in clash with Southampton.
Everton-owned defender Luke Garbutt was spotted watching boyhood club Leeds United this week.
Arsenal should attempt to bring the 33-year-old back to North London.
Everton are reportedly closing in on Charlton Athletic striker Ademola Lookman.
Teenage striker Kazaiah Sterling was a class above in Tottenham Hotspur's FA Youth Cup win.
Gary Mackay Steven has not featured for Brendan Rodgers' Celtic side at all this season, due to injury.
Rangers lost 2-0 to Hearts.
Aston Villa are reportedly looking for a new defensive midfielder.
Leeds United's Charlie Taylor starred against Liverpool on Tuesday night.