Las Provincas: Valencia have rejected an "insufficient" offer from Arsenal for goalkeeper Vicente Guaita as they are demanding a fee in excess of 20 million euros (£17million).
AS: Real Madrid have opted against the sale of French international Karim Benzema and will instead negotiate a new contract with the striker.
El Mundo Deportivo: Manchester City youngster Denis Suarez has joined Barcelona B on a four-year deal.
Energy TV: Barcelona president Sandro Rossell and sporting director Andoni Zubizarreta have met to discuss a swoop for Real Madrid goalkeeper Iker Casillas in January.
Record (Portugal): Tottenham and Fulham are preparing a bid for Sporting Lisbon's England u-21s international defender Eric Dier.
Tuttsport: Juventus have rejected Arsenal's move for midfielder Paul Pogba, saying that the Italian is "un-transferrable."
Corriere Dello Sport: Roma are conceded to losing Erik Lamela to Tottenham having recieved a substantial offer reported to be in the region of 35 million euros (£30million), and are now targeting Chelsea striker Demba Ba as a replacement.
Gazzetta Dello Sport: Massimo Moratti's presidency of Inter Milan is set to come to an end in September with Indonesian businessman Erick Thohir taking over following his partial acquisition of the club.
Hannover New Press: Everton are eyeing Hannover 96 full-back Sebastien Pocognoli as a potential replacement for Leighton Baines should he join Manchester United.
Weser-Kurier: Werder Bremen have been in contact with Fulham regarding a move for left-back John Arne-Riise whose contract is set to expire at the end of this season.
Hamburger Morgenpost: Paul Scharner is in discussions about cancelling his contract at Hamburg having spent the second-half of last season on loan at former club Wigan Athletic.
L'Equipe: Roma general manager Walter Sabatini was in London on Tuesday to enter negotiations with Tottenham regarding Argentine striker Erik Lamela.
L'Eqiupe: While they were in London speaking to Spurs, Roma also discussed the possibility of a move for striker Demba Ba with Chelsea.
L'Equipe: Evian TG have allowed midfielder Eric Tie Bi to undergo a trial at Championship side Charlton.
L'Equipe: Stephane Mbia is set for a QPR exit, with both Sevilla FC and Besiktas in the race to sign the 27-year-old midfielder.