Welcome to today’s edition of Slide Rule Pass — your concise, sharp read on the most important transfer stories across Europe. With pre-season in full swing and squads taking shape, the market is moving fast. Let’s dive in.

Arsenal are surging ahead with their summer recruitment drive. Viktor Gyökeres is expected to undergo a medical in London later today after a £63.5 million fee was agreed with Sporting Lisbon. The Swede has been Arteta’s top striker target, and only the formalities remain before he joins the squad on their Asia tour.

Chelsea winger Noni Madueke is also closing in on a move to the Emirates. The two clubs have agreed a deal worth £52 million, with personal terms already settled. Arsenal see Madueke as a key addition to increase width and directness in their attacking play.

Meanwhile, Valencia centre-back Cristhian Mosquera is on the verge of joining for around £16.5 million. Still just 20, Mosquera has been likened to Ronald Araújo and is expected to offer immediate depth and long-term potential in defence.

Elsewhere, Crystal Palace playmaker Eberechi Eze remains a key target. Talks are continuing between the clubs around the £68 million release clause, with payment structure now the main hurdle. Eze is reportedly keen on the move, eager to test himself at Champions League level.

And in a significant development for the club’s future, 17-year-old midfielder Ethan Nwaneri has signed a new long-term deal, ending speculation around a potential switch to Chelsea.

Tottenham Hotspur may be shifting gears in midfield. With talks for Nottingham Forest’s Morgan Gibbs-White dragging on, Spurs are now exploring a move for Liverpool’s Harvey Elliott. The England U21 star, fresh off a standout summer, is also attracting interest from Brighton and Newcastle, but Tottenham are believed to be leading the race. A fee of around £40 million could be enough to tempt Liverpool into selling.

Tottenham have already sold Yves Bissouma to Marseille, and their rebuild under Thomas Frank is expected to continue in earnest.

Liverpool are preparing for a major reshuffle in attack. Newcastle’s Hugo Ekitike, currently at Eintracht Frankfurt, remains a target despite the German club rejecting a £65 million approach from the Magpies. Liverpool are now monitoring the situation closely and could enter the race.

Meanwhile, Alexander Isak has emerged as a top priority. Liverpool are reportedly willing to go as high as £120 million to prise him away from Newcastle. Such a deal would likely break the British transfer record.

In the background, Liverpool have also begun exploring a move for Real Madrid’s Rodrygo. The Brazilian winger is being viewed as a possible replacement for Luis Díaz, who remains the subject of interest from Bayern Munich. While no formal offer has been made yet, the German champions are confident a deal can be struck before the window closes.

In a surprising twist, former Arsenal captain Granit Xhaka is in talks over a move to newly-promoted Sunderland. The Swiss midfielder, currently at Bayer Leverkusen, has attracted interest from the Middle East but is thought to prefer a return to England. A deal worth £8.7 million is reportedly being discussed.

AS Roma are close to finalising a deal for Flamengo full-back Wesley. The 20-year-old Brazilian has long been tracked by European clubs, and Roma now appear poised to bring him to Serie A. Despite their tight financial situation, the Giallorossi are pushing to get this one over the line.

Everton have been quietly productive in the market, securing Carlos Alcaraz from Southampton for £15 million, teenage striker Louie Barry for £27 million, and goalkeeper Mark Travers for £4 million. The Toffees’ spending has already reached £46 million as they look to stabilise after several difficult seasons.

Bayern Munich defender Kim Min-jae has emerged as a target for Chelsea, Atletico Madrid, and Tottenham. The South Korean centre-back is evaluating his options, with Bayern open to a sale if they can secure a suitable replacement. Renato Veiga is one name under consideration.

The pace is picking up. Arsenal are moving with clarity and conviction. Liverpool’s attack is under revision. Tottenham are recalibrating. And a few surprise moves — from Xhaka’s potential Sunderland switch to Roma’s Wesley push — are keeping the window lively.