The Bavarians could eat a big transfer loss just one year after signing the Portuguese international from the Premier League.

Bayern Munich will go head-to-head with Arsenal for Eberechi Eze, while Barcelona are in direct contact with Marcus Rashford's entourage. Join us for the latest transfer news, rumors and gossip from around the globe.

Watford are closing in on a permanent deal for 19-year-old Australian winger Nestory Irankunda from Bayern Munich. (Watford Observer, external) Want more transfer news from the EFL? Take a look at Tuesday's gossip column here.

Bayern Munich have submitted a formal proposal to sign winger Luis Diaz from Liverpool. The 28-year-old Colombia international has emerged as a top target for Bayern and their first official proposal arrived on Tuesday. It was worth €67.5million (£58.6m) and immediately rejected by the Premier League champions.

Liverpool have rejected a €67.5 million (£58.6m) bid from Bayern Munich to sign forward Luis Diaz, a source told ESPN.

All the latest transfer news as Newcastle make a move to sign Eintracht Frankfurt striker Hugo Ekitike, plus a Q&A with our football reporters.

Irankunda joined Bayern amid much fanfare, hailed for his explosive pace and directness. But despite evident potential, he found opportunities hard to come by and reportedly grew

Bayern Munich fans can now add Liverpool’s Luis Díaz to the long list of forwards linked to their club this summer.

Bayern Munich will turn their attention to Arsenal and Belgium forward Leandro Trossard, 30, if they are unable to secure a deal for 28-year-old Liverpool winger Luis Diaz. (Bild - in German)

Bayern Munich will turn to Arsenal forward Leandro Trossard if a move for Liverpool's Luis Díaz falls through. Transfer Talk has the latest news, gossip and rumors.

Manchester United have discovered just how much Bayern Munich want in order to sanction the exit of Joao Palhinha, as well as their main rivals in the race to sign the midfielder.United want to