IBNLive Sports gives you Tuesday's round-up of all the latest transfer news and gossip from the leading clubs and top players around the world.
PSG sign Uruguay striker Edinson Cavani for a record fee
Paris Saint-Germain broke the transfer record in the French league on Tuesday by signing Uruguay striker Edinson Cavani to a five-year contract for a reported fee of 64 million euros ($84 million). Read more here
Liverpool confirm Arsenal's bid for Suarez
Premier League club Liverpool have confirmed Arsenal's bid for striker Luis Suarez saying the Reds have rejected it in hope that the striker will continue at Anfield. Read more here
Vilanova says Fabregas wants to stay at Barcelona
Barcelona coach Tito Vilanova says midfielder Cesc Fabregas wants to remain with the Spanish champions a day after Manchester United had offered 30 million euros ($39 million) to bring the 26-year-old former Arsenal captain back to the Premier League. Read more here
Man City ready to confirm deal for Fiorentina star Jovetic
Manchester City are on the verge of sealing a 28 million signing of Fiorentina star Stevan Jovetic. According to a report in The Daily Mail, Manuel Pellegrini is anxious to sign two strikers to fill the gaps left by the recent departures of Carlos Tevez and Mario Balotelli. Read more here
Sunderland sign Emanuele Giaccherini from Juventus
Sunderland has signed Italy midfielder Emanuele Giaccherini from Juventus for four years. The 28-year-old Giaccherini has agreed to a deal with the Premier League club after winning back-to-back Serie A titles with Juventus. Read more here
Sergio Busquets renews contract with Barcelona
Barcelona defensive midfielder Sergio Busquets has renewed his contract with the club through 2018 with an option to extend for another year. The club says the Spain international's buyout clause is to remain at 150 million euros ($197 million). Read more here
Inter back in the race for Sau Paulo's Wellington
Inter Milan are again on the hunt for Sao Paulo youth system's Wellington after Galastaray's interest shifted to Felipe Melo. Forzaitalianfootball reports that the Nerazzurri are back in the race for the 22-year-old after being reportedly out of contention. Read more here
Chelsea expected to make offer for Hulk
Chelsea are reportedly preparing a move for Zenit striker Hulk according to reports in Brazil and England. The 26 year old has been absent from training as the Russian league prepare for the upcoming season and this has led to assume that the unsettled forward could be on his way out. Read more here
Napoli blast PSG spending over Cavani deal
Napoli president Aurelio de Laurentiis has hit out at PSG over their imminent deal for Edinson Cavani. PSG have agreed to meet Cavani's 63 million euros buyout clause to take him to Paris. Read more here
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