Liverpool's number one target hands in a transfer request and other transfer news and rumours of the day - 7th August, 2017

Hello and welcome to Sportskeeda's latest transfer news and rumours roundup. Today's stories feature the latest update on some of the major happenings in world football which may change the complexion of a few clubs. So let's head right in and take a look at the major happenings across Europe that made headlines on August 7, 2017:

Premier League

Alexis Sanchez ready to stay at Arsenal

Daily Mirror understands that the Chilean has done a complete U-turn and is now all set to stay put with the Gunners. Sanchez has reportedly decided that he will see out his contract with the club before leaving on a free transfer next summer. Arsenal can heave a sigh of relief now with their talisman ready to commit for another year with the club.

Virgil Van Dijk hands in a transfer request

In a breaking news confirmed by Southampton, Virgil Van Dijk has handed in a transfer request and will force through a move to Liverpool. This will be a pleasing news for the Reds who had reportedly called off their interest in the central defender after failing to do business with the Saints.

Serie A

AC Milan set to move for the Colombian

AC Milan target Radamel Falcao

The Rossoneri are in the market for a striker this summer with the club ready to make a bid for AS Monaco hitman, Radamel Falcao. Club CEO Marco Fassone has revealed that Milan are looking at six to seven strikers at the moment with Falcao being one of them. The Colombian was in fine form last season and netted 30 goals in 43 appearances for Monaco.

AS Roma set to call off interest in Riyad Mahrez

Despite making two bids for the wantaway Leicester playmaker, the Foxes have not reduced their valuation of £50 million for Mahrez. The Italian giants are not ready to spend a record sum for the Algerian and might look for alternatives. Mahrez was seen as a direct replacement for Mohammad Salah but sporting director Monchi is now ready to look for other options.

Bundesliga

The 20-year-old will soon be seen in a Barcelona shirt

Ousmane Dembele wants a move to FC Barcelona

Amidst a report of Barcelona's bid of £70 million for the 20-year-old, Dembele has supposedly told Borussia Dortmund that he wishes to leave the Bundesliga giants this summer. The Catalans have identified Dembele as a perfect foil to replace Neymar and think that £70 million is the right price for the youngster.

The Westfalenstadion outfit are keen on holding out for the forward but Peter Bosz has told the board not to keep a player in the squad against his wishes.

Spurs reject Bayern Munich offer for Eric Dier

According to leading English tabloids, Tottenham Hotspur have rejected advances from the Bavarians for the sale of Eric Dier. The German champions were keen on making a bid of £50 million for Dier but Spurs have decided to reject any offer for the 23-year-old.

Dier is seen as an integral part of Mauricio Pochettino's plans in North London with the Lilywhites not being in the need of money at the moment.

La Liga

Diego Costa might have to stay with the Blues after all

Real Madrid to offer Matteo Kovacic plus cash for Paulo Dybala

Reports in Spain have speculated that the reigning European champions have ended their pursuit of Kylian Mbappe and have decided to move for Juventus' Paulo Dybala. The Argentine is considered as the next big thing in football and is valued at around €150 million by the Bianconeri.

Real Madrid are ready to offer a player in Matteo Kovacic plus €80 million in cash in order to lure the Argentine to the Bernabeu.

Atletico Madrid cautious over a move for Diego Costa

Despite the player's lawyer claiming that his client is ready to hand in a transfer request at Chelsea, Atletico Madrid manager Diego Simeone has suggested that he is happy with the squad at his disposal and might not move for the estranged forward.

Costa has made it clear that he only wants to play for the Colchoneros but the comment for the Atletico manager might force him to stay with the Blues.

Ligue 1

Marco Verratti has reportedly signed a new deal with the Parisians

Marco Verratti to sign a new deal with PSG

Journal Du Dimanche has reported that the Italian midfielder has signed a contract extension with the Parisians. Verratti was a transfer target for FC Barcelona and Manchester United but with a new deal in place, the combative midfielder will now earn €12 million per year at the Parc Des Princes.

Wesley Sneijder signs for Nice

The 33-year-old has joined the French outfit on a free transfer after spending four years in Turkey with Galatasaray. Sneijder will be reunited with his former Inter Milan teammate, Mario Balotelli at Nice.

They were third in the Ligue 1 last season and will face Napoli in the Champions League qualifying round.