FCNaija compiles the latest transfer news update across Europe today from reliable sources.

FC Bayern Rules Out Cristiano Ronaldo Bid

Bayern Munich will not be making a move for Cristiano Ronaldo this summer despite him wanting to leave Manchester United.

“As much as I appreciate Cristiano Ronaldo as one of the best, a move for him would not fit with our philosophy,” admitted Oliver Kahn.

Barcelona to bid 50m for Kounde

Barcelona are ready to make a 50m offer to Sevilla for Jules Kounde, as reported by Jose Alvarez Haya on El Chiringuito. Sevilla, though, are unlikely to sell for less than 65m.

Dybala offered to Atletico Madrid

Without a club for a week since his Juventus contract expired, La Repubblica are reporting that Paulo Dybala has been offered to Atletico Madrid.

Linked with Inter, AC Milan, and Manchester United, the Argentine turned down ¤7m a season as Juventus.

Follow the latest done deals and transfer rumours on FCnaija live blog this Thursday, July 7