New Southampton coach Mauricio Pellegrino is looking forward to getting down to work at St Mary's and says he wants to make fans proud of the team. Here is what he said about returning to the UK to take the Southampton job.

Arsenal are plotting to hijack Alexandre Lacazette's dream move to Atlético by putting in a huge bid for the player according to reports in France today.

No shortage of admirers for Zlatan Ibrahimovic - according to the Italian press, half of Serie A would take him. Lazio, Napoli, Juventus, Roma and both of the Milan clubs would take the Swede who is available on a free after his year-long stint with Manchester United.

Valencia centre-back Aderllan Santos is expected to be moving on this summer with Greece his likely destination. Superleague champions Olympiacos are hoping to conclude the operation by next week, either a loan or a straight transfer, although in the past few days São Paulo have expressed an interest.

Newcastle look favourites to sign Eibar centre-back Florian Lejeune. The Magpies are reported to be ready to deposit the French defender's buy-out, 10 million euros, with LaLiga by the end of next week. Lejeune has been one of Eibar's most intelligent signings since joining the Armeros on a four-year deal last summer. 

After realizing that a number of clubs were more than willing to pay Alfonso Pedraza's 10M euro buy-out, Villarreal have given the promising young winger a two-year contract extension, boosted his retention fee and offered him the chance to complete the pre-season with the first team. Pedraza impressed last season on loan at Lugo and with Leeds United.

Kylian Mbappé looks set to change his sponsor from Nike to Adidas in January 2018, according to the Daily Mail. Real Madrid are Adidas’ ‘flagship’ club in Spain. As a result, this switch would be viewed very favourably at the Bernabéu if Madrid manage to compete his transfer from Monaco.

Fenerbahçe are keen on Douglas. The Turkish giants have already made contact with Barcelona, but may be forced to settle for a loan deal as a result of the Brazilian's hefty price tag. 

Bayern Munich continue to covet Yannick Carrasco. Read the full story on the Atlético Madrid winger. 

Athletic Bilbao goalkeeper Kepa Arrizabalaga, who is currently away on international duty with Spain Under 21s, is set to sign a new contract at San Mamés until 2022, with a €50m release clause. 

Douglas Costa looks to be on his way from Bayern, with Sport Mediaset saying Juventus are at the front of the queue to make off with him. Inter are keen too though. The Brazilian winger will be 27 in September. 

 Pablo Insua, Deportivo's 23-year-old centre half, appears to be on the way out of Riazor. The player's representative, Eugenio Botas, has stated that offers will soon be placed on the table for the Spaniard. Schalke appear to be leading the pack for a €3m move. 

Napoli striker Lorenzo Insigne has waded in to the 'Donnarumma debate', advising his Italy team-mate to stay in Italy. Yet he admitted that "Madrid is Madrid. If they call you when you're 18, it is impossible not to listen." Read the full story. 

 Serbian goalkeeper Marko Dmitrović, looks like he's heading to Eibar who need replacement for Yoel.

 Back to Monaco news (let's hope their fax machine has been upgraded recently!), Fabinho has said he is "tempted" at the prospect of joining Manchester United.

 Iñaki Williams is currently on U21 duty for Spain but the Athletic Bilbao striker is being strongly linked with a move to Inter Milan, according to Tuttosport. Would they pay his 50 million-euro buy-out clause?

In related Madrid news, we expect Los Blancos to present Vallejo to the Bernabeu after the Euro U21 tournament.

We're being asked about Morata by a number of very interested Man Utd fans. Nothing more to report at the moment but we do expect further news in the not too distant future. Obviously there are a number of related aspects to transfers involving both United and Madrid but these will start to sort themselves out.

Of course, Madrid are not the only one flirting with the young French star. PSG have reportedly offered £119 million - topping Liverpool's reported £100 million - and Arsenal and Man City are also still being linked. Choices, choices.

In this morning's L'Équipe, Zidane and Pérez have been in touch with the holidaying Kylian Mbappé to convince him to join Real Madrid. And they have two clear reasons for why it makes sense...including news that he may be filling a slot.

Welcome to today's flowing coverage from AS English of the transfer market activity on Friday 23 June 2017. First a quick update on some action late yesterday...