The Premier League transfer window is rapidly approaching its conclusion and some of the biggest deals of the summer are beginning to take shape.

Liverpool have reportedly made a major breakthrough in their pursuit of Bradley Barcola, reaching an agreement in principle with Paris Saint-Germain for the French star.

Elsewhere, Manchester City are said to be growing increasingly confident of landing Chelsea midfielder Enzo Fernandez, while the Blues themselves have allegedly agreed a deal to sign World Cup-winning goalkeeper Emiliano Martinez.

Meanwhile, the Julian Alvarez saga has taken another twist, with Atletico Madrid slamming the door shut on a move to Barcelona and potentially further opening the door for Arsenal.

Here’s the latest Premier League transfer news and rumours as deadline day draws closer.

Liverpool agree £120m (A$226.8m) deal for Bradley Barcola

Liverpool have made a major breakthrough in their pursuit of Bradley Barcola, reaching an agreement in principle with Paris Saint-Germain.

According to Sky Sports, the Reds have agreed a package worth £120 million (A$226.8m) for the France international, although the deal is yet to be completely finalised.

The final details are still being discussed between the two clubs, but the £120 million (A$226.8m) fee is now understood to be fixed.

It marks a significant breakthrough after Liverpool and PSG had been some way apart on their valuations throughout the summer.

Sky Sports reports PSG had previously been demanding around £145 million (A$274.1m) for Barcola, who has emerged as Liverpool’s priority target to bolster their attack.

The 23-year-old has been heavily linked with a move to Anfield throughout the window and now appears on course to become one of the most expensive players in Premier League history.

Barcola’s arrival would also represent Liverpool’s major move to fill the void left by Mohamed Salah following his departure this summer.

The deal isn’t done just yet, but Liverpool have taken a massive step towards landing their man.