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Chelsea have been ruthless in the transfer market this summer by signing Atletico Madrid’s two most influential players of last season, Diego Costa and Filipe Luis for a combined £50m. Atletico have been left helpless in front of Chelsea’s spending power but if recent news is to be believed, the Spanish champions are set to avenge the Blues with a raid of their own.

The Daily Express claims that Atletico are preparing a bid for German attacker Andre Schurrle this summer and hope that the good transfer relations between the two clubs would help them land the player. Chelsea could be willing to let Schurrle leave as the German has found life at Stamford Bridge difficult due to the relentless competition at the club in the form of Eden Hazard, Willian and Oscar.

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New Manchester United manager Louis van Gaal has certainly showcased much promise in his new role, helping the team get off to a good start this season, by guiding them to a Champions Cup trophy. And now, reports in the press suggest that the Dutchman may also look to revamp the team a bit before the transfer season ends. Spanish newspaper Mundo Deportivo has reported that Van Gaal is contemplating landing Atletico Madrid ace Arda Turan at Old Trafford by offering the reigning La Liga Champions Shinji Kagawa and a sum of £16 million, in a player plus cash swap.

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The Metro is reporting that Atletico Madrid centre-back Joao Miranda has turned down offers from Chelsea and Manchester United to continue his stint with the Spanish champions. The 29-year old Brazilian was outstanding for Atletico in their La Liga and Champions League campaigns last season, and was reportedly convinced by his coach Diego Simeone to stay on at the club.

There were some reports a few weeks that the Brazilian wanted to move to England for one final big money contract, which encouraged the likes of Chelsea and Manchester United to move for him. While United need a top notch centre-back to lead their backline, Chelsea were eyeing Miranda as a potential longer term successor to John Terry, 33.

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Javier Hernandez endured a difficult campaign last season under David Moyes, scoring a meager 9 goals for Manchester United, and his poor club form reflected in his performance at the World Cup as well where the striker started none of the four games for national side Mexico. Now, with rumours of a mass exodus at Old Trafford under Louis Van Gaal filtering in, both Atletico Madrid and Inter Milan have expressed their interest in signing the Mexican forward.

The Daily Express claims that Atletico and Inter value Hernandez at £15m and are keen on snapping up the Mexican as soon as possible. Atletico are reported to be the frontrunners for Chicharito's signature but Inter are ready to offer the Spanish champions tough competition as they look to recover their lost pride this season.

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Reports in recent weeks have indicated that Spanish champions Atletico Madrid have been showing interest in Arsenal playmaker Santi Cazorla, and latest reports from the Daily Star suggest that the Los Rojiblancos are making enquiries about the availability of the 29-year old this summer.

Cazorla was a central figure for Arsenal last season, but he did express some inclination towards moving back to Spain, which has caught the eye of Atletico Madrid. Atletico have lost the likes of Diego Costa to Arsenal’s rivals Chelsea as well as David Villa to the MLS, and are thus looking at ways to replenish their attacking third. Cazorla’s ability to play on the wings as well as a central attacking midfielder has impressed the Spanish club’s manager Diego Simeone, who is hoping to strike a £15 million deal for Arsenal’s ace.

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Spanish Champions Atletico Madrid have sent a delegate to London to negotiate terms for the exit of Chelsea’s 30-year old striker Fernando Torres. The Spanish international has been a flop at Stamford Bridge since he moved from Liverpool in 2011, but the Blues are unwilling to let him go on a cut-price deal.

Eurosport though reports that Chelsea could lower their asking price if Atletico are willing to give them their 29-year old central defender Joao Miranda at a lower price than his current £25 million release clause. Atletico are not interested in the proposition but want to sign Torres for a lower fee, and are reportedly working very hard to get their former star back to the Vicente Calderon.

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Arsenal are set to sign yet another right-back this season as they are reportedly set to beat competition from French club Marseille for Atletico Madrid right-back Javier Manquillo. The 20-year old Spanish youth international can also play at left-back, and is currently a mere backup option for the Spanish champions who field Juanfran as their first choice.

The Metro reports that Arsenal have made a loan offer for Manquillo, enclosed with an option to buy at £6.3 million at the end of next season. The offer could be good enough for Atletico to accept despite Marseille also interested in a possible deal, but Arsenal’s offer is believed to have beaten the Ligue-1 side’s bid for the player.

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