Transfer news LIVE: Arsenal fight Newcastle for Fernandez-Pardo as AC Milan clinch surprise loan

There's under a week remaining of the transfer window for the majority of the biggest leagues in the world and business is expected to ramp up significantly over the coming few days. Clubs have already spent billions on new signings and some major deals are still being worked on.

Managers will be constantly assessing their squads with sporting directors and recruitment staff scanning the market for potential last-minute deals. The rumour mill is still gathering pace and we've collated some of the biggest current transfer stories - you can access the full rumour mill below.

Today's biggest transfer stories

Last updated: 16:35 BST

Arsenal and Newcastle are set to battle it out for Lille forward Matias Fernandez-Pardo. The Belgian forward is keen to leave the French club, who want a fee of around €70 million to let him leave.

Nottingham Forest winger Omari Hutchinson is on the verge of completing a surprise loan move to AC Milan. The 22-year-old arrived in a then-club-record transfer last summer from Ipswich Town, but is now set to move to the San Siro.

[SpielerMV=1105547]

Liverpool are eyeing a potential move for KRC Genk goalkeeper Lucca Brughmans, 18. The Belgian youngster could replace Giorgi Mamardashvili if the Georgian stopper makes the move to Nottingham Forest.

Sunderland are in talks with Marseille over the potential signing of Igor Paixão, who has reportedly agreed personal terms with the Premier League club. The Black Cats have offered €30m plus add-ons, but the Ligue 1 outfit are yet to respond.