Will Barcelona buy another forward to replace Neymar? Can Arsenal keep hold of Alexis Sanchez? Is Monaco about to lose three more of its star players?

Europe’s transfer window closes in most countries on Thursday with a slew of high-profile and long-running sagas still to be finalized.

Here’s a country-by-country look at the major talking points heading into the final hours of the window:

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ENGLAND

It has been a record-breaking transfer window in the Premier League, with clubs using money received from bumper broadcast deals to spend 1.2 billion pounds ($1.55 billion) on players so far. Many teams are still in the market, though.

The future of Alexis Sanchez has been a slow-burner but is likely to be the biggest story on Thursday. Manchester City has been linked heavily with the Chile forward and reportedly made a bid of 50 million pounds ($65 million), even though he has only one year left on his Arsenal contract. City could also sign a center back, potentially Jonny Evans from West Bromwich Albion despite having two bids rejected already.

Liverpool has refused to enter negotiations with Barcelona for playmaker Philippe Coutinho, but will the Reds maintain their “not for sale” stance? Monaco winger Thomas Lemar and Southampton defender Virgil van Dijk have also been targets for Liverpool. Versatile Arsenal midfielder Alex Oxlade-Chamberlain is set to complete his move to Liverpool on Thursday.

Premier League champion Chelsea wants to offload Diego Costa after the striker was told by manager Antonio Conte that he does not feature in the club’s plans. Midfielders Riyad Mahrez and Danny Drinkwater could leave Leicester after handing in transfer requests.

Of the top teams, only Manchester United is likely to be quiet on Thursday.

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SPAIN

The transfer window in Spain will close a day later than in most leagues, giving clubs extra time to try to make deals.

Barcelona is still trying to sign Philippe Coutinho from Liverpool, despite three rejected offers, in what would be another blockbuster addition after the arrival of Ousmane Dembele from Borussia Dortmund to replace Neymar.

Aside from interest in Coutinho,…