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    Football Transfers: Latest news and rumours on Tuesday

    IBNLive Sports gives you Tuesday's round-up of all the latest transfer news and gossip from the leading clubs and top players around the world.

    PSG sign Uruguay striker Edinson Cavani for a record fee
    Paris Saint-Germain broke the transfer record in the French league on Tuesday by signing Uruguay striker Edinson Cavani to a five-year contract for a reported fee of 64 million euros ($84 million). Read more here

    Liverpool confirm Arsenal's bid for Suarez
    Premier League club Liverpool have confirmed Arsenal's bid for striker Luis Suarez saying the Reds have rejected it in hope that the striker will continue at Anfield. Read more here

    Vilanova says Fabregas wants to stay at Barcelona
    Barcelona coach Tito Vilanova says midfielder Cesc Fabregas wants to remain with the Spanish champions a day after Manchester United had offered 30 million euros ($39 million) to bring the 26-year-old former Arsenal captain back to the Premier League. Read more here

    Man City ready to confirm deal for Fiorentina star Jovetic
    Manchester City are on the verge of sealing a 28 million signing of Fiorentina star Stevan Jovetic. According to a report in The Daily Mail, Manuel Pellegrini is anxious to sign two strikers to fill the gaps left by the recent departures of Carlos Tevez and Mario Balotelli. Read more here

    Sunderland sign Emanuele Giaccherini from Juventus
    Sunderland has signed Italy midfielder Emanuele Giaccherini from Juventus for four years. The 28-year-old Giaccherini has agreed to a deal with the Premier League club after winning back-to-back Serie A titles with Juventus. Read more here

    Sergio Busquets renews contract with Barcelona
    Barcelona defensive midfielder Sergio Busquets has renewed his contract with the club through 2018 with an option to extend for another year. The club says the Spain international's buyout clause is to remain at 150 million euros ($197 million). Read more here

    Inter back in the race for Sau Paulo's Wellington
    Inter Milan are again on the hunt for Sao Paulo youth system's Wellington after Galastaray's interest shifted to Felipe Melo. Forzaitalianfootball reports that the Nerazzurri are back in the race for the 22-year-old after being reportedly out of contention. Read more here

    Chelsea expected to make offer for Hulk
    Chelsea are reportedly preparing a move for Zenit striker Hulk according to reports in Brazil and England. The 26 year old has been absent from training as the Russian league prepare for the upcoming season and this has led to assume that the unsettled forward could be on his way out. Read more here

    Napoli blast PSG spending over Cavani deal
    Napoli president Aurelio de Laurentiis has hit out at PSG over their imminent deal for Edinson Cavani. PSG have agreed to meet Cavani's 63 million euros buyout clause to take him to Paris. Read more here