Ryan Fraser has returned to Southampton on a two-year deal, having agreed to terminate his contract with Newcastle.

The 30-year-old played for the Saints 44 times last season, including in the play-off final victory against Leeds United, and scored eight goals.

Fabrizio Romano is reporting that the fee on Sancho’s loan with obligation to buy will be “around £25m”.

Not a great deal for United, you have to think!

More from Fabrizio Romano here, as the Italian transfer guru reports that deals for Raheem Sterling and Ivan Toney are on the brink of being finalised.

Regarding Toney, he says that the “final docs [are] being reviewed ,then deal done”.

For Sterling, he simply says that the deal is “ at the final stages.”

French journalist Fabrice Hawkins is reporting that Victor Osimhen will be staying in Naples this summer!

He reports that Osimhen “won’t join Chelsea”, and neglects to mention the Saudi offer.

The Independent understands Chelsea want a loan fee for Raheem Sterling, and talks with Arsenal ongoing.

Chelsea are closing in on a deal for Jadon Sancho, while Arsenal look to be offloading Reiss Nelson, so this move looks to suit both clubs at this point, with a little over an hour left of the window.

More big news as we approach the final hour of the market.

Fabrizio Romano reports that Chelsea have agreed a deal with Manchester United to take Jadon Sancho to London.

It will be a loan deal with an obligation to buy, though the purchase amount hasn’t been specified yet.

“Sancho already said yes as he wanted Chelsea move, deal now agreed between all parties,” added Romano.

United have reportedly accepted the deal, so all that’s left is the signing from each party.

New United sporting director Dan Ashworth also spoke to the club’s website, and said that Ugarte “is among the very best ball-winning midfield players in the world”.

“Signing Manuel was another of our primary targets for this summer. His qualities, experience and passion will be a great complement to our strong group of midfielders.  “Manuel is a player we’ve watched closely, and we are excited to see the positive impact he will make on the pitch and in the dressing room as we continue to strive for success.” 

Ashworth also praised the Uruguayan’s “excellent record at both club and international level”.

Some comments below from Ugarte after the 23-year-old completed a move to United.

“It is an incredible feeling to join a club of this magnitude; one that is admired all around the world,” he told the club’s website.

“The project that the football leadership discussed with me is extremely exciting; Manchester United is an ambitious club and I am an ambitious player. “The passion of supporters is something that is very important to me; I know how incredible United fans are and I cannot wait to experience Old Trafford.

“I’m someone who is so determined to succeed; I will sacrifice and give everything for my teammates. Together we will fight to win trophies and reach the level where this club needs to be.” 

The Uruguay international, whose fee could rise by a further £8.5m if add-ons are triggered, has signed a five-year contract at Old Trafford after passing a medical.

He joined as Scott McTominay ended his 22-year association with United by moving to Napoli for £25.7m, with the FA Cup winners also having a 10 percent sell-on clause.

Some of the big – if expected – news from the last hours of the window! Manchester United have announced the signing of Manuel Ugarte from PSG.

The Uruguayan midfielder joins in a deal that could be worth up to £50m, and signs a five-year contract.