Chelsea have splashed the cash this month and could break the Premier League record by landing Enzo Fernandez before the transfer window closes on Tuesday.
The Blues have already spent big to bring Mykhailo Mudryk to Stamford Bridge, while Noni Madueke, Joao Felix and Benoit Badiashile are among their other recruits.
Fernandez could follow from Benfica on what promises to be a busy deadline day as clubs across Europe scramble to get late deals done.
It remains to be seen if Arsenal can tempt Brighton and Hove Albion to part with Moises Caicedo.
Joao Cancelo looks set to swap Manchester City for Bayern Munich on loan and Paris Saint-Germain could finally seal a deal for long-time target Milan Skriniar along with Hakim Ziyech.
Stats Perform has picked out the standout transfers that could go through before the deadline.
BLUES TO SHOW THE COLOUR OF THEIR MONEY FOR WORLD-CUP WINNER?
Fernandez emerged as a target for Chelsea following his influential displays for Argentina during their World Cup triumph in Qatar.
The London club have wasted no time in building a new-look squad since a Todd Boehly-led consortium completed a takeover and Graham Potter arrived as head coach.
They have already made huge statements this month, none more so than snaring winger Mudryk from under the noses of Premier League leaders Arsenal.
Chelsea are working on trying to secure the services of Fernandez for a reported fee of £105.5million (€120m), which would break the Premier League record of £100m City paid Aston Villa for Jack Grealish.
CAICEDO A NO-GO?
Arsenal have already raided Brighton to bring wantaway winger Leonadro Trossard to the capital.
The Gunners have failed with big-money offers for centre midfielder Caicedo, who last week made it clear he wants to join the Premier League leaders.
Arsenal are said to be ready to test the Seagulls' resolve again on deadline-day with a third bid of £75m, but Brighton want to keep him for the rest of the season.
If they do not get an offer they cannot refuse, Arsenal could turn to Leicester City's Youri Tielemans or Chelsea's Jorginho.
CANCELO BAYERN-BOUND
Eyebrows were raised on Monday when it came to light that Bayern are poised to bring Cancelo to the Bundesliga from City.
The Portugal full-back Cancelo has fallen out of favour at the Etihad Stadium, having reportedly had a bust-up with Pep Guardiola.
A loan deal would be great business for Bayern as they hunt more trophies and this one is expected to go through.
PSG'S SKRINIAR PERSISTENCE COULD PAY OFF, ZIYECH TO FOLLOW?
While Bayern's move for Cancelo has come late in the window, Skriniar has long since been a target for PSG.
The Inter centre-back is only under contract at the end of the season and with the Serie A giants unable to tie him to a deal, it has been seemingly only a matter of time before he moves on.
PSG should finally get their man before the window closes, with the defender having already confirmed he has agreed terms with the Ligue 1 champions. Chelsea winger Ziyech could also be on his way to the French capital.
Martin 'overwhelmed' after guiding Saints back into Premier League
Russell Martin admitted he was "overwhelmed by the love and support" from Southampton, after guiding the Saints back into the Premier League.
Martin's side sealed their return to the top flight at the first attempt, with Adam Armstrong's strike enough to seal a 1-0 victory over Leeds United in the Championship play-off final at Wembley.
The former Swansea City boss, who replaced Ruben Selles at St Mary's last June, secured his first promotion as a manager, having also done so five times as a player.
And Martin fought back tears as he reflected on his achievement.
"I feel really emotional, I feel overwhelmed by the love and support I've had over the past nine or 10 months - especially in the tougher times," he told Sky Sports. "The team have been so brave, and I'm really proud of them.
"I've enjoyed watching the team grow, and watching the players grow. I absolutely love that group of players. I'm so pleased for them because what we've asked them to do is not easy."
Meanwhile, Southampton skipper Jack Stephens paid tribute to his team-mates, who gave him his "best feeling in football".
"I'm so proud to be captain of this club. I'm so proud of the boys today, I think they've been unbelievable," the defender told Sky Sports. "I think we probably didn't play our best game today, but we showed a different side.
"A few people have doubted us over this season. Can we defend? Can we dig in? I think we really showed that today. The feeling I've got now is the best feeling I've ever had in football. Honestly, I'm just so emotional."
Matchwinner Armstrong added: "I don't know what to say. It's what we've been working for all year, we know how good the Championship has been this year.
"What a way to go up! I saw the space in behind [for the goal] and I knew if I put it across goal it was going to go in, so it was a nice one.
"It means everything. The gaffer and his staff came in in pre-season and put a marker down of what they wanted to see, and look at this. This is why we're footballers, we want to be involved in the biggest games, what a way to win."
Leeds United 0-1 Southampton: Armstrong sends Saints marching back into Premier League
Southampton secured an immediate return to the Premier League after Adam Armstrong was the hero in a 1-0 victory over Leeds United in the Championship play-off final.
Saints' top scorer Armstrong provided the decisive first-half strike at Wembley Stadium on Sunday, with his 24th league goal of the season sending Russell Martin’s side straight back into England's top division.
The pair had scored a combined 197 goals this campaign, but just the one finish was enough to settle what was only the third second-tier play-off final between two sides relegated the previous year.
Southampton join Leicester City and Ipswich Town in winning top-flight promotion, while Leeds – who hit the crossbar through Daniel James late on – must prepare for at least another campaign in the Championship.
Daniel Farke's team settled the quicker of the two sides, who were separated by just three points during the regular season, but with little success in front of goal.
Archie Gray – the youngest Leeds player to appear at Wembley – drilled just wide early on, while Wilfried Gnonto shot straight at Alex McCarthy.
However, Southampton struck the all-important opener after 24 minutes, somewhat against the run of play.
Armstrong beat the offside trap after Ethan Ampadu's mindless charge out from the back, latching onto Will Smallbone’s throughball before neatly slotting past Illan Meslier.
A shoulder injury forced a distraught David Brooks off soon after but the Saints went close to doubling their lead just before the break as Meslier parried away Armstrong’s drive.
Crysencio Summerville curled just wide from the edge of the box within four minutes of the restart as Leeds sought an equaliser.
Substitute James rattled the crossbar with a right-footed effort six minutes from time and was again denied by McCarthy, as Southampton held on to seal their return back to the big time.
One Armstrong finish, one giant step for Saints
Southampton were appearing in their first-ever play-off final, and they had lost on eight of their 10 previous visits to Wembley, including each of the last five.
However, the Saints stopped the rot with a little help from a promotion expert – boss Martin achieved five of them as a player, and this was his third to the top flight overall.
Armstrong's cool finish proved the difference; his 24 goals this term is the most by a Southampton player in a single season since Rickie Lambert struck 27 in 2011-12 – their last promotion-winning campaign.
It was also the Saints' 100th – and most important – goal of the season; their first time reaching triple figures since the 2009-10 season under Alan Pardew.
More play-off pain for Leeds
Leeds have now appeared in the English Football League play-offs on six occasions, failing to secure promotion in each of those instances.
The omens did not look good when they fell behind considering not since Cardiff City in 2010 has a team failed to get promoted after opening the scoring in a Championship play-off final.
It is just over 16 years since their third play-off final disappointment against Doncaster Rovers in League One (May 25, 2008), with Leeds now playing the most such matches without ever gaining promotion.
Farke also missed the opportunity to become the third manager – after Steve Bruce (four) and Neil Warnock (three) – to win three Premier League promotions, following his Championship-winning campaigns of 2018-19 and 2020-21 with Norwich City.
Nagelsmann backs Kompany potential as Bayern prepare for shock appointment
Germany manager Julian Nagelsmann backed Vincent Kompany to succeed at his former club Bayern Munich as expectations grow for the Belgian to take charge in Bavaria.
The former Manchester City captain, who began his coaching career in Belgium with Anderlecht, oversaw Burnley's relegation from the Premier League in the 2023-24 season.
Yet Kompany is expected to soon be announced as the new head coach of Bayern.
The Bundesliga giants parted ways with Thomas Tuchel after a rare season without silverware but Nagelsmann, speaking on Sky Germany, expects Kompany to deliver for the Bavarian side if appointed.
"I've heard that he's a very good coach with outstanding prospects, and he has had many good coaches who trained him, so he'll do well," said Nagelsmann, whose two-year spell with Bayern ended in 2023.
"In the end, it's good for the club that they didn't win the championship this time. I don't think it's a bad situation for a young coach who can leave his mark.
"Who, I think, can change more than if they had won the championship again or been extremely successful."
Bayern lost their last game of the Bundesliga season to finish third, having failed to win any of the four trophies they were in for, as their German top-flight dominance ended to Xabi Alonso's Bayer Leverkusen.
Alonso, who oversaw Leverkusen's unbeaten league season, had been Bayern's primary target but their former midfielder has elected to stay at Leverkusen next season.
Kompany would come as a surprise choice but Bayern will hope he can rediscover his magic touch from when guiding the Clarets to promotion, earning 101 points in the process in his first 2022-23 season.
However, Burnley managed just five wins this term on their way to taking 24 points this season as they finished 19th, going back down alongside Luton Town and Sheffield United.
The former Belgium international, if appointed, will leave Burnley having managed 96 games, winning 41 (42.7 per cent) of those matches.
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