Transfer news LIVE: Chelsea move for Ivan Toney as Manchester United finally agree £50m deal The Manuel Ugarte Agreement

They have paid Valencia an initial £25m for the 23-year-old, with the option of a further £4m in add-ons, and he has signed a long-term contract at Anfield.

As expected, Mamardashvili will spend the season on loan at Valencia before joining Liverpool next summer.

Tottenham’s Manor Solomon has completed a season-long loan move to Leeds United.

Solomon joined Tottenham Hotspur on a five-year deal last July.

He featured in five of Spurs’ first seven games as they went unbeaten in the Premier League. He then suffered an injury in late September which ended his season.

Spurs have since replaced him in the squad and have now moved on.

Chelsea and Manchester United are in talks over two separate deals for Jadon Sancho and Raheem Sterling.

The possibility of Sancho signing for Chelsea and Sterling joining United is now being seriously considered.

Chelsea’s proposal to United was always going to involve a player moving the other way as they look to get some wages off the books. The two players involved in talks are believed to be Ben Chilwell and Raheem Sterling.

Chilwell was ruled out by United and any deal for Sterling would have to make financial sense for United given the wages involved.

All deals are discussed – a loan, a loan with commitment and a permanent agreement.

Leeds United have opened talks with Fortuna Dusseldorf over a deal for midfielder Ao Tanaka.

They are looking to add a midfielder before the end of the window and have already had bids rejected for Sheffield United’s Gus Hamer and FC Köln midfielder Dean Ljubicic in this transfer window.

Wolves are close to agreeing a deal with Crystal Palace for goalkeeper Sam Johnstone. The clubs are still negotiating the final fee and Wolves are still working on personal terms.

But it appears the Midlands club have moved ahead of others for his signature.

Sky Sports news say Everton are interested in signing Lyon defensive midfielder Orel Mangala.

Talks have taken place between the two clubs about the 26-year-old and are said to have reached the stage Mangala is preparing for a medical.

The Belgium international only joined the French club on a permanent deal from Nottingham Forest last month after a short loan spell.

The FA Cup winners will initially pay €50m for the 23-year-old, with a possible extra €10m on top, and he will undergo a medical.

Ugarte’s arrival will bring their summer spending to around £200m after signing centre-backs Leny Yoro and Matthijs de Ligt, full-back Noussair Mazraoui and striker Joshua Zirkzee.

An agreement in principle was reached on Thursday night between the clubs for an initial £28.4m transfer with a further £4.2m in add-ons, the PA news agency understands.

Merino completed his medical at the weekend and has been revealed as an Arsenal player on a long-term deal.

Andros Townsend has been left in transfer limbo after leaving Luton Town with new club Antalyaspor unable to register the winger.

Townsend has signed a contract with the Turkish club after making the decision to leave English football, but his move came after Fifa imposed a transfer ban on the Super Lig side.

This means that while he is able to train with his teammates, the 33-year-old cannot be officially announced as an Antalyaspor player or appear in matches.

Polish goalkeeper Wojciech Szczesny has announced his retirement from professional football.

The 34-year-old explained his decision in an emotional Instagram post, admitting after an 18-year career that his heart “isn’t there anymore”.

Szczesny began his career as a youth player at Arsenal after moving to north London as a 16-year-old and made his senior debut for the club in September 2009.