Just to add to the point Bailey made... See the Herrera deal (Who has now past a medical & agreed terms, but they haven't agreed a fee)
http://www1.skysports.com/transfer/news/12691/9362433/transfer-news-ander-herrera-passes-manchester-united-medcal-but-fee-yet-to-be-agreed
BBC Sport @BBCSport
Manchester United confident of signing Athletic Bilbao midfielder Ander Herrera despite seeing a £29m bid rejected by the Spanish club #MUFC
Depends how good ESPN's sources are I suppose...
http://www.espnfc.co.uk/story/1907897/manchester-united-in-advanced-talks-with-southampton-over-luke-shaw-transfer?
Only mentioning this as he's been linked both this summer & last summer.
Reports coming out of Holland claim Heerenveen striker Alfred Finnbogason is on the verge of joining Real Sociedad. The Icelandic international has been linked with a move to England in the past, but it appears to take him to Sociedad is close to completion.