Real Madrid are considering a move for Villarreal's Spain centre-back Pau Torres, 24.

Arsenal are expecting offers from La Liga clubs Villarreal and Real Betis to take young forward Reiss Nelson on loan.

Watford have opened talks with Spanish side Villarreal over the sale of 32-year-old French midfielder Etienne Capoue, with the Hornets seeking about £4m.

Arsenal want to beat Manchester United to the £35m signing of 23-year-old Villarreal and Spain defender Pau Torres in January

Manchester United will have to pay Pau Torres' release clause if they are to prise him away from Villarreal.