Juventus' general manager Beppe Marotta hopes to sign Blaise Matuidi from PSG but said there is "zero possibility" of James Rodriguez joining.
The ESPN FC crew discuss the rumours that Valencia's Shkodran Mustafi and Deportivo's Lucas Perez are set to sign for Arsenal.
"As always our aim is to win everything because we have the duty being Real Madrid," Perez said.
ESPN FC's Steve Nicol breaks down all the latest moves and rumours from around the world of football.
Take an in-depth look at the UCL draw and see how each of the teams will line up in this year's competition.
Ronaldo, who won after the 2013-14 season, joined Barcelona star Lionel Messi as the second player to win the award twice.