Update narration 09:00 BST
Real Madrid consider Gnabry move
Serge Gnabry's refusal to sign a new contract at Bayern Munich has led to interest from Real Madrid after Los Blancos failed to secure the arrival of Paris Saint-Germain forward Kylian Mbappe, according to the Daily Mail.
As reported by Bild, Gnabry is asking for more than 17 million euros a year to renew at Bayern, with his current deal set to expire in 2023.
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08:30 BST
Xavi keen on Carlos Soler
Barcelona head coach Xavi Hernandez has given the green light for the club to sign Valencia midfielder Carlos Soler, according to Sport.
"Carlos Soler is liked at Barcelona, although his signing is not among the priorities for now, unless there is an unexpected departure in midfield," reports Lluis Miguelsanz.
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08:00 BST
Richarlison attracts Real Madrid interest
Real Madrid were linked with a surprise move for Everton forward Richarlison last summer, and the Daily Mail claims that Los Blancos are keeping close tabs on him once again.
The Brazil international has also attracted attention from Paris Saint-Germain and Tottenham Hotspur.
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See full narration
Hello everybody and welcome to MARCA English's transfer market live blog, where you can stay up to date with the latest transfer rumours and completed moves.
The end of the domestic league seasons in Europe's most prominent footballing countries has led to a vast amount of transfer news, and we will be here to keep you in the loop with the latest goings on.
Even though the transfer window has not officially opened yet, two major dominoes have already fallen, with Erling Haaland moving to Manchester City and Kylian Mbappe turning down Real Madrid to stay at Paris Saint-Germain.
Real Madrid have since turned their attention towards Monaco star Aurelien Tchouameni, but the French club are refusing to budge from their 80 million euro valuation.
There are several big-name players that are set to become free agents this summer, with the likes of Paul Pogba, Paulo Dybala and Ousmane Dembele all having their contracts end on June 30.
Transfer News LIVE
Every day right up until transfer deadline day, we will bring you the latest transfer news, completed deals and much more right here in this blog.
It is not just Spain's big boys - Real Madrid, Barcelona and Atletico Madrid - that we will be focusing on, as we will be keeping you informed about what is going on at the likes of Manchester City, Liverpool, Chelsea and Tottenham Hotspur in England, as well as AC Milan, Inter, Juventus, Paris Saint-Germain, Bayern Munich, and many others.
So, stay up to date with the latest transfer news this Friday, May 27, by keeping an eye on our dedicated transfer blog over the course of the day.