Manchester City and FC Barcelona set to battle it out for German superstar and other transfer news and rumours of the day - 17th October, 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 October 15, 2017:

Bundesliga

Manchester City and FC Barcelona eyeing Julian Weigl

FC Barcelona are looking at Borussia Dortmund's Julian Weigl as a successor to Sergio Busquets. Weigl is one of the most highly rated players in his position and will command a huge transfer fee.

But AS reports that Barcelona are not the only club interested in the 22-year-old with former manager, Pep Guardiola also entering the race for Weigl. Manchester City are looking at Weigl as a long-term replacement for both Yaya Toure and Fernandinho with both the midfielders being out of contract next summer.

It will be a direct battle between City and Barcelona for Weigl who is set to command a transfer fee of around €70 million. He currently has a contract with Dortmund until 2021.

Bayern Munich enter Thomas Lemar race

Kicker has claimed that Bayern Munich are the latest club to take an interest in AS Monaco's Thomas Lemar. The Frenchman was a transfer target for both Arsenal and Liverpool last summer and are expected to resume the negotiations for Lemar in the next transfer window.

But they will now face stiff competition from the Bavarians who are looking to sign Lemar at around €90 million as a direct replacement for the ageing Franck Ribery.

Serie A

Arsenal eyeing a move for Andre Silva

Arsenal want Andre Silva

The Sun has reported that if AC Milan fail to qualify for the Champions League next season, the Rossoneri will be forced to sell some of their stars to meet their budget. One of the players who will be open for a move is forward Andre Silva.

Arsenal have been long-term admirers of the former FC Porto man who joined Milan last season in a £33 million deal. Arsene Wenger is said to be a huge fan of the striker with the English tabloid also writing that Silva is being seen as a stopgap option for the departing Alexis Sanchez.

Carlo Ancelotti dreaming of a second stint with Juventus

Amidst reports of the Italian manager being the frontman to replace Vincenzo Montella at AC Milan, Tuttomercatoweb has understood that the former Bayern Munich boss is set to reject Milan's advances for Juventus.

Ancelotti is looking to return to Turin and hopes of replacing Massimiliano Allegri next summer. Ancelotti was Juventus' manager between 1991-2001 which is regarded as the worst spell of his managerial career.

Premier League

Gone

Leicester City sack Craig Shakespeare

After giving the job on a permanent basis four months ago, Leicester City have today sacked Craig Shakespeare after just one win in the Premier League this season so far. Shakespeare succeeded Claudio Ranieri and spent £60 million on recruitments in the summer.

The Foxes are currently on a six-match winless run with the latest 1-1 draw with West Bromwich Albion being termed as the last nail in the coffin for the Leicester owners.

Arsenal desperate to offload Mesut Ozil

The Gunners are not convinced about offering Mesut Ozil a financially improved deal and are hence of the view that selling the German in January will be the best scenario for all parties.

Arsenal are now looking to find a buyer for Ozil as soon as possible, the Daily Mirror reports. Meanwhile, Arsenal have made it clear that they will hold on to Alexis Sanchez for the entirety of the current season and will let him leave for free in the summer.

La Liga

On Barcelona's radar

FC Barcelona target Marcos Alonso

Don Balon claims that the Catalans are looking at a former Real Madrid player in the form of Marcos Alonso next season. FC Barcelona need a left back with Ernesto Valverde not being satisfied by the performances of Jordi Alba.

The Spanish giants believe that Alonso perfectly fits the bill for an aggressive fullback and are set to bid for him in the summer. Chelsea hold Alonso in high regard and will demand a huge price if they are to sell the 26-year-old.

Real Madrid plotting a £150 million bid for Harry Kane

Club president Florentino Perez has set his sights on acquiring Harry Kane for the next season and according to the Mirror, Real Madrid are plotting a mega £150 million bid for the Spurs hitman.

The rumours of Kane to Madrid have increased after Zinedine Zidane recently called the Englishman as a "complete player". But the Times has also claimed that Spurs will demand at least £200 million for Kane.

Rest of the world

Cavani wants to work with Pep Guardiola

Edinson Cavani wants to join Manchester City

After his public spat with Neymar last month, Edinson Cavani is actively looking for a new club with numerous Premier League sides being linked with the Uruguayan.

But Don Balon has now claimed that Cavani wants to join Manchester City and is eager to work with Pep Guardiola. PSG are open to selling the striker but Manchester City will not buy Cavani if the club does not sell Sergio Aguero next summer.

Newcastle favourites to land Cenk Tosun

Rafa Benitez is looking to spend on a striker in the January transfer window and has earmarked Besiktas' Cenk Tosun. The Magpies have scouted Tosun this past month and are convinced about the striker's abilities.

Tottenham Hotspur and Crystal Palace are also interested in the Turkish international but the Daily Star reports that Newcastle are leading the race for the 26-year-old. Besiktas value him around £15 million.