Welcome to today’s edition of Slide Rule Pass — your concise daily read on the most important transfer stories across Europe.

Arsenal have reached an agreement in principle to sign Chelsea winger Noni Madueke for a fee in the region of £50–52 million. The 23-year-old has agreed personal terms, and the deal is expected to be finalised shortly. Madueke’s explosive dribbling ability has caught the eye of Arteta, who is looking to add more width and unpredictability to his attack.

The move has divided opinion among Arsenal fans, with some questioning the fee and others launching a tongue-in-cheek petition urging the club to reconsider. But inside the Emirates, there’s no hesitation: the Gunners want Madueke.

Mohammed Kudus is officially a Tottenham player. Spurs secured the Ghanaian international from West Ham for £55 million, marking their second major signing of the summer window. Kudus is expected to play a versatile attacking role under Thomas Franc.

The move represents a significant moment for both clubs—Tottenham continue to rebuild with intent, while West Ham reflect on a player cycle that never fully clicked.

Jordan Henderson has completed a free transfer to Brentford, returning to the Premier League after a short and turbulent stint with Ajax. The former Liverpool captain adds leadership and depth to Thomas Frank’s midfield, in a move many view as quietly shrewd.

Bayern Munich have returned with a renewed offer for Liverpool winger Luis Díaz as they seek cover following Jamal Musiala’s injury. The Colombian remains a priority for the Bavarians, though Liverpool’s valuation could yet prove a stumbling block. Talks are ongoing.

Tottenham’s midfield revamp continues. The club have triggered Morgan Gibbs-White’s £60 million release clause at Nottingham Forest, and the England international is expected to undergo a medical within the next 48 hours. If completed, it would take Spurs’ spending past the £100 million mark this window—and signals a clear shift in approach under Thomas Frank.

Chelsea teenager Mathis Amougou is on his way to Strasbourg in a deal that includes a buy-back clause. Signed just six months ago, the midfielder will look to gain first-team minutes in Ligue 1, with Chelsea continuing to use their ownership links to develop young talent abroad.