Transfer news LIVE: Deadline day latest as Arsenal chase Sterling deal,

Arsenal are weighing up moves for Chelsea’s Raheem Sterling or Bayern Munich’s Kingsley Coman having been approached about both in the final two days of the transfer window.

Sterling, who has been told he will not play under manager Enzo Maresca, would be keen on the move but any deal would require Chelsea settling part of his contract and wages.

Mikel Arteta wants an explosive player to give Arsenal more options in attack, but the top target of Nico Williams wants to stay in Spain to achieve his long-term ambition of eventually joining Barcelona.

It’s going to be a busy day in Naples…

Look out for Billy Gilmour joining his Scotland teammate Scott McTominay at Antonio Conte’s Napoli.

The Azzurri want to bring in the Brighton midfielder, who shone for the Seagulls against Manchester United last weekend.

Gianluca Di Marzio reports there is a new attempt to strike a deal now with hours left in the window.

This little circle involving some of the biggest clubs features many of the forces that have made this transfer window so quiet so far – but could yet see a frenzy on the final day. Some executives have told the Independent they are expecting “bedlam” on Friday, as everyone now rushes to deals after months of build-up.

The talks between Chelsea and United point to how they are part of several major clubs – including Bayern Munich, Real Madrid and Barcelona – who now actively want to sell players.

That is because the entire market has essentially reached an impasse after years, rather than just months, of paying huge wages. It’s why many in the industry now believe this could be the start of a cycle that sees salaries significantly drop for the first time. Some have even taken to calling it football’s new age of austerity.

On the penultimate night of the transfer window, Arsenal were weighing up whether to take either Bayern Munich’s Kingsley Coman or Chelsea’s Raheem Sterling, but still holding out for something else. That has left the Stamford Bridge hierarchy sweating, having already struggled to strike a deal with Manchester United.

This little circle involving some of the biggest clubs features many of the forces that have made this transfer window so quiet so far – but could yet see a frenzy on the final day. Some executives have told the Independent they are expecting “bedlam” on Friday, as everyone now rushes to deals after months of build-up.

Another report from Sky in Italy, and a big one for Chelsea.

Their first choice target for a striker, Napoli’s Victor Osimhen, has reportedly agreed to join Al Ahli.

The Nigeria international was holding out on a move that would have kept him in Europe and the Champions League.

But the Saudi club offered a huge financial package, with Osimhen set to earn up to £25m per season at the Saudi Pro League side.

Sky Italia are reporting that Juventus have “pulled out” of a deal to sign Manchester United winger Jadon Sancho.

The Italian club had appeared interested all transfer window, but Sky say that they have made a decision to end talks.

Chelsea are also said to be interested in signing Sancho, who has not been involved in Manchester United’s squads over the first two weeks of the season.

The first piece of business today comes from Arsenal, where the Gunners have agreed a deal to sign the Bournemouth captain Neto on a season-long loan.

It follows a number of moving parts, with Aaron Ramsdale set to join Southampton for £25m and Chelsea goalkeeper Kepa Arrizabalaga arriving to Bournemouth on loan on Thursday.

Neto, 35, is an experienced No 2 for Mikel Arteta and will play behind David Raya, who completed his permanent move from Brentford this summer.

Manchester United should see some movement on deadline day after Manuel Ugarte completed his medical on Thursday.

A £51m move should be sealed on Friday from PSG.

Meanwhile Jadon Sancho is still in talks with Juventus over a move but the Standard report that Chelsea are still keen and that they still need to sell Raheem Sterling first to fund the move.

Arsenal could move for Sterling on deadline day.

Here’s a quick run down of which deals are expected to go through today around the Premier League:

Man United to sign midfielder Ugarte

Everton loaning in Orel Mangala

Sam Johnstone to Wolves for £10m

Omar Marmoush to Nottingham Forest – the fifth forward they’ve targeted this week – for around £25m

Liverpool yesterday completed the signing of Federico Chiesa from Juventus for an initial £10m.

The fee for the Italy international winger could rise by a further £2.5m depending on add-ons, including Liverpool winning the Premier and Champions Leagues.

The 26-year-old has signed a four-year deal at Anfield as he becomes the first outfield signing for Liverpool’s new regime.