The National's daily guide to the latest big-name transfer moves, as Napoli warn Manchester City off Cavani and Aston Villa eye ex-Al Ahli midfielder El Ahmadi.
Transfer talk: June 27 - Spurs lead Sigurdsson hunt as Reds eye Vargas
The 25-year-old has been heavily linked with a move to Eastlands, while Juventus have reportedly already made a bid for the forward.
But after slapping a EU100m (Dh 459M) price tag on the player - who scored 23 goals in 35 outings for Napoli last term - the club have warned they are not ready to part with their in-demand striker.
"Cavani is not for sale and he doesn't want to move from Naples," sporting director Riccardo Bigon insisted to Corriere dello Sport.
Reports from Germany claim Spurs have had an £8million (Dh45m) bid accepted by Hoffenheim for the Iceland international.
Swansea were the first club to agree terms with the German club but after manager Brendan Rodgers' move to Liverpool it appeared the 22-year-old would follow the Northern Irishman - under whom he excelled in a five-month loan spell from last January - to Anfield.
However, it is believed that while the player is keen to be reunited with Rodgers, discussions have stalled due to Sigurdsson's wage demands.
Tottenham, therefore, have emerged as an alternative destination for the former Reading midfielder who scored seven goals in 19 matches for Swansea last season and was named Premier League player of the month for March.
Hoffenheim have given Sigurdsson until Saturday to secure a move to England having allowed him extended leave after they returned to pre-season training just over a week ago.
Swansea thought they had secured the player on a permanent basis after agreeing a club-record £6.8million (Dh39m) fee soon after the end of the season but before Sigurdsson could complete a medical their manager was lured to Liverpool.
Rodgers admitted he would be interested in signing the midfielder for the Reds but stressed the player had to first speak to new Swansea boss Michael Laudrup.
When the prospect of him moving to the Liberty Stadium having diminished it seemed Anfield would be his next stopping place but now it could be White Hart Lane.
Last week Hoffenheim coach Markus Babbel, himself a former Liverpool player, said of Sigurdsson's planned move: "If, by the deadline on June 30, he has done nothing then he will return to his pre-season with us.
"We have agreed this with him."
Meanwhile Fiorentina winger Juan Manuel Vargas could be a target for Liverpool, according to his agent.
The Peru international has been linked with a move from Serie A this summer, with Liverpool currently in the hunt to sign the 28-year-old.
"There is the possibility that he will leave Fiorentina," Vargas' agent Jorge Cyterszpile said.
"But at this time it's just a rumour and there is nothing official."
The player has also been linked with a move to Malaga - owned by Sheikh Abdullah Al-Thani who finished fourth in last year's La Liga.
"Liverpool is an option, but there is also Malaga that has the fascination of playing in next season's Champions League," said Cyterszpile.
"Does he have a preference with regards to playing the Premier League or the Primera Liga? Vargas likes both leagues as well as the Serie A."
Aston Villa look set to bolster their midfield with the signing of Feyenoord midfielder Karim El Ahmadi.
The Morocco international star, who was born in Holland, was on loan at Pro-League side Al Ahli last year.
New Villa manager Paul Lambert confirmed the side are in talks with El Ahmadi, who looks set to move for an initial £2.5m (Dh14.3m).
Belgium international star Gaby Mudingayi says he is being sought by both Milan sides as a summer transfer target.
The 30-year-old midfielder, who was heavily linked with a move to Napoli during the transfer window, is entering the final year of his contract at Bologna.
"I can confirm that the two Milan clubs are interested in me," Mudingayi said to Sport Italia.
"They are the strongest clubs in the world. But it all depends on what Bologna decide."I would be happy to move to Milan but I'm also happy at Bologna."