Chelsea are set to sign Fluminense right-back Wallace for €5.5 million.
West Ham have not received a bid from Reading for Carlton Cole, although the Hammers could yet look to offload the striker.
ESPNsoccernet has learned that Manchester City have demanded British record signing Robinho return to England on August 5 to sort out his future at the club.
Martin Jol has now formally informed Ajax he wants to succeed Roy Hodgson at Fulham after talks on Tuesday night.
Birmingham City boss Alex McLeish is again being linked with the Liverpool manager's job after initially being revealed as a potential candidate to replace Rafa Benitez by Soccernet on March 5.
Portsmouth have offered GBP;1.8 million on their outstanding tax bill of GBP;7.5 million as they seek to delay the winding-up order issued by HM Revenue & Customs.
Portsmouth have failed to reach agreement with the Her Majesty's Revenue and Customs over a GBP;7.5 million debt and will go to the High Court begging for a 28-day delay to a winding-up order.
Portsmouth's players will be paid on Monday from the proceeds of the Younes Kaboul transfer, which Soccernet can reveal,will yield GBP;6.5 million of the GBP;9.5 million transfer fee.
ESPN Soccernet can reveal the Premier League board will make a decision about whether to lift the Portsmouth transfer embargo on Wednesday.