Liverpool midfielder Stuart Downing is close to sign for West Ham United in a £5million deal. (London Evening Standard)
Liverpool's loan move for Bayern Munich left-back Diego Contento, 23, hangs in the balance as it all comes down to whether Arsenal are able to finalise a deal for his club teammate Luiz Gustavo - the German champions will only allow one of the two players leave. (Express)
Atletico Madrid striker Diego Costa, who was a Liverpool target, has reached a verbal agreement with his club to extend his current contract, which was due to end in 2015. (Marca)
Liverpool are hopeful of completing the signing of Granada left-back Guilherme Siqueira for a fee believed to be around £6m. (Liverpool Echo)
In: Iago Aspas (Celta Vigo, £9m), Simon Mignolet (Sunderland, £9m), Luis Alberto (Sevilla, £6.8m), Kolo Touré (Manchester City, Free).
Out: Andy Carroll (West Ham, £15m), Jonjo Shelvey (Swansea, £5m rising to £6m), Jay Spearing (Bolton, Undisclosed), Peter Gulasci (Red Bull Salzburg, Free), Jamie Stephens (Newport, Free), Danny Wilson (Hearts, Free), Michael Ngoo (Yeovil, Loan), Suso (Almeria, Loan), Henoc Mukendi (Partick Thistle, Loan), Jack Robinson, (Blackpool, Loan), Pepe Reina (Napoli, Loan).
Released: Tyrell Belford.
Retired: Jamie Carragher.