Mark Viduka may be the subject of a �5m bid from Bayern Munich. The Aussie is prepared to take a 30% wage cut to his current �70,000 per week. (Daily Star)

West Brom could break their wage structure and offer as much as �17,000 a week to land Ray Parlour. (Telegraph)

Michael Owen is ready to sign a new contract with Liverpool on his return from Euro 2004 - but only for a single year. (The Sun)

Charlton want to sign midfielder Bryan Hughes from Birmingham, where he has rejected a new contract. (Independent)

Charlton and Fulham are both offering �1m for Matthew Etherington after West Ham withdrew a new offer. (Daily Mail)

Michael Carrick is a target for both Newcastle and Charlton after refusing a new deal from West Ham. (Daily Mirror)

Leicester have started talks with out-of-contract striker Dion Dublin. (Daily Mail)

Steve Caldwell could switch from Newcastle to Sunderland, while Black Cats boss Mick McCarthy has been targeted by South Korea. (The Sun)