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Last Updated: Wednesday June 08 2011 15:49 GMT

Footy transfer 'silly season' is up and running!

Jordan Henderson and Phil Jones in action

The summer's big footy transfers are up and running as both Man United and Liverpool look set to make some big-money signings.

Liverpool have agreed a deal to sign Sunderland's England international Jordan Henderson for £20 million.

And Manchester United look set to snap up young Blackburn and England under 21 defender Phil Jones for £17 million.

The big Premier league clubs are expected to spend plenty before the new season kicks off.

These early deals could be the ones to kick it all off - with both Sunderland and Blackburn richer because of it.

Both players are thought to be having medicals at the moment.

Jordan Henderson was thought to be wanted by lots of other clubs after he played for England last November.

Phil Jones has only played one full season for Blackburn Rovers, but that was enough to make Man United want the 19-year-old.

And as the big clubs splash the cash this summer, you can catch all the big moves right here on the Newsround website!