Live Transfer Updates: August 19

Pedro will join Chelsea, and not Manchester United, and will have a medical in London tomorrow. [Sky Sports]

Manchester City could sign Nicolas Otamendi for £8m as Valencia still owe the Manchester-based club £24m for the transfer of Alvaro Negredo. [Daily Express]

Everton have rejected Chelsea's £30m bid for John Stones and the Roman Abramovich-owned club are now looking at bidding £40m. [Guardian]

Florentino Peréz and Kovacic with his new shirt! #16 #WelcomeKovacic pic.twitter.com/vpi3HqDSHw
— SocialRMadrid (@SocialRMadrid) August 19, 2015

After losing out on Pedro, Manchester United have turned their attention to Sadio Mane and have made a bid for the Southampton winger. [BBC]

Fenerbahce will tempt Chelsea captain John Terry to leave the London club with a £2.5m annual salary offer. [Daily Mail]

Joey Barton has taken to Twitter to dismiss reports that he is set to join Championship club Nottingham Forest.

Arsenal, who are said to be in the market for a striker, will have to shell out £35m if they want to buy Edinson Cavani from Paris St-Germain. [Eurosport]

Bournemouth are keen on signing former loanee Jermain Defoe from Sunderland. [Mirror]

BREAKING: #lcfc have signed @GokhanInler from @sscnapoli. #WelcomeGokhan pic.twitter.com/hqhWguyL1Y
— Leicester City (@LCFC) August 19, 2015