English Premier League: Top 5 transfer rumors of the day 1

The summer transfer window has already seen the Premier League spend a whooping  £300m in just the first week on top class talent from around Europe.

But the circumstances, along with the new TV deal that has poured millions of dollars into the league will see clubs around the country splash more and more cash before the start of the next season.

The likes of Manchester United, Manchester City, and Chelsea are all looking at a huge squad overhaul while Liverpool, Arsenal, and Tottenham Hotspur are trying to trim and shape their squad.

So there is no surprise looking at the number of rumors that are doing the papers every day.

We here will try to bring you the top rumors every day so to keep you updated about the happening at your favorite club thousands of miles away.

Here are the top-5 transfer rumors of the day: