August 11 transfers and rumors: "Arsenal" ready to pay 16 million euros for L.Gustavo © EuroFootball.com

The transfer window for footballers is in full swing, and the news portal Eurofootball.com continues its section, providing you with various rumors and news about possible and completed player transfers on August 11th.

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London's "Arsenal" is close to reaching an agreement with Munich's "Bayern" for the acquisition of midfielder Luis Gustavo. It is reported that Arsene Wenger is ready to pay €16 million.

The "Gunners" hope to lure "Liverpool" striker Luis Suarez with an impressive salary. The Uruguayan would earn £160,000 per week in London.

"West Ham" is interested in the possibility of signing midfielder Stewart Downing from "Liverpool", with a valuation of €7 million.

Madrid's "Real" is trying to negotiate with London's "Tottenham" so they can pay for Gareth Bale in installments, as it would be very difficult and risky to transfer a record amount outright.

Andre Villas-Boas is prepared for Bale's potential departure and intends to also get involved in negotiations for striker Luis Suarez.

Liverpool's "Everton" hopes to acquire left-back Elderson Echiejile from "Braga" before the end of summer, as "Manchester United" may soon reach an agreement for Leighton Baines.

Wayne Rooney will miss the "Community Shield" match against "Wigan" as he has not fully recovered from an injury.

"Spurs" want to outperform "Liverpool" in the race for Amsterdam's "Ajax" stars Christian Eriksen and Toby Alderweireld.

Jose Mourinho hopes to bring former protege Fabio Coentrao to London's "Chelsea", a player also of interest to "Monaco" and "Tottenham".

"Chelsea" is likely to sell defender David Luiz to "Barcelona" for €58 million.

Completed deals and transfers:

OFFICIAL: Milan's "Inter" reached an agreement with "Porto" for defender Rolando, who will play on loan in Italy next season.

OFFICIAL: "Parma" loaned goalkeeper Andrea Rossini to "Cesena".

OFFICIAL: "Arsenal" also agreed to loan young defender Ignasi Miquel to "Leicester City" for one season.

OFFICIAL: "Cardiff City" returning to the "Premier" league acquired midfielder Gary Medel from "Sevilla".