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Manchester City gear up for hectic finish to transfer window as multiple moves take shape – latest transfer reports
Rohan Mehta | August 26, 2026 2:17 PM CST

Manchester City are increasing their activity in the transfer market as the window nears its end, while Newcastle have reportedly finalised an agreement for Nico Gonzalez.

Here is a round-up of the latest transfer stories making the headlines.

Manchester City have entered the race with Tottenham for Liverpool forward Cody Gakpo.

City are keeping tabs on the Netherlands international as they seek to add more firepower to their attack, with Tottenham also keen on the versatile forward.

City are also said to be preparing an offer for Chelsea midfielder Enzo Fernandez before the transfer window shuts, according to Fabrizio Romano.

That move may depend on City freeing up space in their squad, with Nico Gonzalez’s proposed switch to Newcastle potentially helping pave the way for their pursuit of Fernandez.

City have also reached an agreement to sign winger Allan Elias from Palmeiras, following Savinho’s departure.

Newcastle have agreed a deal with Manchester City to sign midfielder Nico Gonzalez for around £50m.

Gonzalez joined City in January 2025 but now looks set to leave the Etihad after spending less than two years at the club.

Arsenal would need to pay €150m to sign Atletico Madrid striker Julian Alvarez, according to The Athletic.

The Gunners have revived their interest in the Argentina international as they continue their search for attacking reinforcements, but Atletico’s valuation could be a major stumbling block, along with Alvarez’s preference for a move to Barcelona.

Gabriel Martinelli is edging closer to a move from Arsenal to Saudi Pro League club Al-Hilal for around £55m, according to the Daily Mail.

The Brazilian winger’s future has been the subject of intense speculation after he was left out of the squad against Coventry.

Manchester United still hope Arsenal could be convinced to sell Myles Lewis-Skelly, but they are not prepared to meet a price tag of more than £50m, according to The Sun.

Arsenal manager Mikel Arteta had previously insisted he was “100 per cent” confident that the teenager would stay at the club beyond the transfer window.

Nottingham Forest are moving closer to a season-long loan deal for Chelsea striker Liam Delap, according to The Telegraph.

The England Under-21 international has been training away from Chelsea’s first-team squad while his future remains unclear.

Aston Villa have made an approach to sign Rafael Leao from AC Milan, according to Sky Sports.

Villa are serious about bringing in the Portugal international and have made contact with Milan, while Leao is reportedly open to the possibility of a move to the Premier League.

The forward is being considered as Unai Emery looks to strengthen his attacking options amid uncertainty over Ollie Watkins’ future.

Villa have also made contact over a possible move for Crystal Palace striker Jean-Philippe Mateta.


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