An Ashley Cole-William Gallas swap deal will finally end the summer's longest transfer saga with Chelsea likely to pay Arsenal a �10m cash adjustment. (Daily Express)

Arsenal have made a formal �5m offer for William Gallas. (Guardian)

Jean-Alain Boumsong will leave Newcastle to join Juventus for �2.7m. (The Sun)

Nicolas Anelka is close to signing for Bolton Wanderers. (Various)

PSV Eindhoven are ready to sell Blackburn and Portsmouth target Andre Ooijer after he refused to face NEC Nijmegen. (Daily Star)

Middlesbrough will make an improved wages offer to Sylvain Distin as they try to solve their devensive problems. (Various)

Newcastle are on the verge of landing Inter Milan striker Obafemi Martins for �8m. (Daily Mail)

Coventry have made a �1m bid for Sheffield United striker Ade Akinbiyi. (Daily Mail)

Real Madrid are mulling over offers from Serie A sides Inter Milan and AC Milan for Brazilian striker Ronaldo. (Daily Telegraph)

Rangers striker Nacho Novo is a target for Preston after being told he can leave Ibrox. (The Sun, The Scotsman)

Celtic could be thwarted in their bid for PSV Eindhoven striker Jan Vennegoor of Hesselink because of a �1m payout due to him should he be sold to another club. (Daily Record)

Sunderland are interested in Rangers fringe midfielder Gavin Rae. (The Scotsman)

Celtic left-back Charlie Mulgrew is poised to join St Mirren after rejecting a move to Wolves. (Daily Express)

Derby are weighing up a move for Kilmarnock striker Steven Naismith. (The Sun)

Falkirk are favourites to sign Dunfermline, Motherwell and Gretna target Calum Elliot on loan should Hearts decide this week to allow the teenage striker to leave on loan. (The Scotsman)

Referees chief Keith Hackett has reached an arrangement with managers to expose and punish players who wave imaginary yellow cards. (Daily Mail)

New Argentine wonder kid Sergio Aguero, signed by Atletico Madrid for �16m from Independiente, will make his international debut against Brazil in a friendly at the Emirates Stadium on 3 September.

The FA will not overturn Wayne Rooney's ban despite the striker's threat to withdraw his support for its commercial activities. (Telegraph)

Fulham's Papa Bouba Diop was fortunate to escape serious injury in a bizarre barbeque incident. The burly midfielder sat on a plastic chair, which collapsed beneath him. (Daily Star)