Live Transfer Updates: August 8

Manchester City will have to pay £45m to land Belgian midfielder Kevin de Bruyne from Wolfsburg. [Guardian]

Arsenal are close to signing defender Alessio Romagnoli from Italian club AS Roma. [TalkSport]

DEAL DONE: Arsenal target Alexandre Lacazette has signed a new deal with Lyon until 2019. (Source: @OL) http://t.co/nVTVKxcy9W
— Transfer News Live (@DeadlineDayLive) August 8, 2015

Louis van Gaal on David de Gea: "We have to pay a lot of money for the players we want so we want to sell at the same level when we have to sell. We want to keep him, of course. He has been voted the best player here for the last two years."

Arsenal and Manchester United are keen on signing Mario Gotze, with the German midfielder's agent indicating that he could leave Bayern Munich. [Tuttosport]

Onda Cero | Real Madrid will work on signing Reus from BVB in the weeks left of the summer transfer window. pic.twitter.com/0CSP4Quvaq
— SocialRMadrid (@SocialRMadrid) August 8, 2015

Argentine midfielder Lucas Biglia has been offered a new contract and the captain's armband if he wants to stay at Lazio. [Bernabeu Digital]

Crystal Palace are holding out for £25m for Yannick Bolasie and manager Alan Pardew says they have received no offers so far. [Evening Standard]

Swiss winger Xherdan Shaqiri could be on his way to Everton on a loan deal from Inter Milan. [Daily Star]

Zenit St Petersburg striker Salomon Rondon could sign for West Brom for £15m, which will be a record fee for the Baggies. [Birmingham Mail]