Manchester United Football Club have finally signed Nemanja Matic on a three-year contract, as they look to strengthen their ranks ahead of the new season. Elsewhere, Real Betis have made a $8.2m offer for Swansea City Football Club and Newcastle United Football Club target Ryad Boudebouz. In Italy, Torino have joined the race for Arsenal and Everton Football Club target M'Baye Niang. Here's a complete report of the latest summer transfer updates.

Matic set to join Manchester United

Nemanja Matic has finally finalized his move to Manchester United on Monday.

Matic signed a three-year contract with the Premier League giants on Monday afternoon. Manchester United is said to have paid Chelsea Football Club $65.6m to get the deal done, according to the Guardian. Manchester United fans are said to be excited about this transfer. After officially signing for United, Matic said: “I am delighted to have joined Manchester United. To work with Jose Mourinho once again was an opportunity I couldn’t turn down.” The Serbia international is Manchester United Football Club third summer signing.

Real Betis enters race to sign Ryad Boudebouz

Swansea City Football Club and Newcastle United Football Club are both keeping close tabs on the Algerian, but he has also been linked with a move to West Ham United in the past transfer window.

But now it is La Liga club Real Betis who're favorite to land Ryad Boudebouz after submitting a $8.2million formal bid for the Algeria international, according to Get Football News. Real Betis are confident of getting the deal done in the coming days. Ryad Boudebouz is looking for a fresh challenge, and he has attracted plenty of interests from clubs in the Premier League.

The Algeria international was in a solid form for Montpellier last term and ended up the season with eleven Ligue 1 goals.

Torino leads chase to sign M'Baye Niang

According to 90min, Torino is the latest club to join the race for M'Baye Niang after adding him to their list of top transfer targets this summer. Torino manager Sinisa Mihaljovic worked with the Frenchman during his time in charge of AC Milan, and he is keen on a reunion this summer.

M'Baye Niang spent the second stanza of last term on loan at Premier League club Watford, but he has now returned to his parent club side AC Milan. The 22-year-old is also said to be willing to work with Sinisa Mihaljovic again and it could apparently give Torino a “vital edge” in the race for the striker. It is suggested interest in Niang remains high with Fenerbahce FK, Everton Football Club and Arsenal Football Club all keeping close tabs on the Frenchman.