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Transfer Talk: Liverpool lead for Bellingham as Real Madrid balk at Borussia Dortmund's €150m demand

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Bruno greets Ronaldo with frosty reception (0:16)

Bruno Fernandes didn't seem pleased to meet Manchester United and Portugal teammate Cristiano Ronaldo following his comments in an interview. (0:16)

The summer transfer window is closed for the major leagues in Europe. However, with an eye on January, there's plenty of gossip swirling about who's moving where. Transfer Talk brings you all the latest buzz on rumours, comings, goings and, of course, done deals!

TOP STORY: Liverpool lead for Bellingham

Real Madrid currently have no plans to meet Borussia Dortmund's valuation to sign Jude Bellingham, writes Sport.

While the 19-year-old midfielder is reported to be the LaLiga side's priority signing for the summer, Dortmund are looking for a fee in the region of €150 million to part ways with him.

Sport suggests that Real Madrid have no intentions of matching that figure and will look to negotiate a lower fee than BVB's demands.

Bellingham's representatives are reported to have indicated the England international's preference to make the switch to the Santiago Bernabeu, but Liverpool -- who Premier League clubs believe are the frontrunners in the race -- are optimistic that they can land him ahead of Los Blancos.

The former Birmingham City star's transfer value was recently put at €202m by the CIES Football Observatory -- the highest of any player at the World Cup.

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PAPER GOSSIP

- Paris Saint-Germain are still keeping tabs on AC Milan's Rafael Leao, understands Mundo Deportivo. It is reported that the Rossoneri were keen to reach an agreement with the Portugal international winger before he headed to the World Cup, but they have so far been unable to agree to new terms. Leao, 23, remains contracted at San Siro until the summer of 2024, and he has also previously been linked with Chelsea.

- Juventus are interested in Napoli centre-back Kim Min-Jae, according to Ekrem Konur. The 26-year-old centre-back has enjoyed a successful start to life in Naples since completing his move from Fenerbahce in the summer, and it seems as though his performances are beginning to capture the attention of more clubs. He has made 20 appearances for Luciano Spalletti's side across all competitions this season, scoring twice.

- Chris Smalling is hopeful of staying at AS Roma, reveals Fabrizio Romano. It is reported that the 32-year-old defender is aiming for more success with the Giallorossi, and his agent revealed that he feels "very positive" about the club. The former Manchester United star's contract is set to expire next summer.

- Denis Suarez could leave Celta Vigo in January, reports Marca. The LaLiga side have so far failed to secure him to a new deal at the club, and the 28-year-old attacking midfielder will have the option to sign a pre-contract agreement with another club in January when his deal will enter the final six months. The former Barcelona player is yet to make an appearance in the current campaign.

- Atletico Madrid could soon be forced to move on players to avoid financial difficulties, reports Mundo Deportivo. Joao Felix is understood to be one of the players who Diego Simeone's side are willing to move on, and PSG and Manchester United are the two sides linked closest with acquiring the 23-year-old forward's signature. Felix is contracted at the Wanda Metropolitano until the summer of 2024.