Arsenal are close to agreeing a deal to sign Velez Sarsfield midfielder Ricardo Alvarez, according to the president of Italian side Palermo. Maurizio Zamparini said: "At this moment he has already signed for the Gunners." Full story: Metro
AC Milan want to sign five Chelsea players this summer, with Nicolas Anelka, Alex, Salomon Kalou, Didier Drogba and Michael Essien all wanted by Milan vice president Adriano Galliani. Full story: talkSPORT
Liverpool are ready to offer Brazilian midfielder Diego an escape route out of Wolfsburg. Diego was handed a huge fine this week for storming out of the team hotel before the last game of the season. Full story: Caught Offside
Newcastle boss Alan Pardew is keen to lure Paris Saint-Germain's Turkish international Mevlut Erdinc and AIK Stockholm's striker Teteh Bangura to St James' Park. Full story: the Mirror
But PSG - who are now bankrolled by Qatar Sports Investments (QSI) - are keen on strengthening their squad and have started the bidding for QPR playmaker Adel Taarabt at £10m. Full story: talkSPORT
New Aston Villa boss Alex McLeish has set his sights on ADO Den Haag's Wesley Verhoek as he searches for a replacement for Ashley Young. Full story: talkSPORT
But McLeish will not be allowed to spend all of the £20m Manchester United paid for Young on bringing in new players.Full story: Daily Express
Stewart Downing could become the next big name to leave Aston Villa as he wants to join Liverpool. Full story: Daily Mirror
Liverpool are close to agreeing a double deal for Aston Villa's Stewart Downing and Blackpool's Charlie Adam. (The Times, subscription required)
Samir Nasri has given Arsenal hope he may be willing to stay at the club by agreeing to talks with manager Arsene Wenger over a new contract. Full story: Daily Telegraph
Newcastle have yet to receive any offers for midfielder Joey Barton, who had previously indicated he was on his way out of the club. Full story: Daily Star
West Ham midfielder Radoslav Kovac has become the latest departure post-relegation, joining Swiss side FC Basel. Full story: Daily Mail
Blackburn are ready to pay a club record £11m for Roma striker Mirko Vucinic. Full story: the Sun
OTHER GOSSIP
The judge who rejected Tottenham's legal attempts to block West Ham's move to the London Olympic Stadium has warned them against a "knee-jerk" appeal against his decision. Full story: Daily Telegraph
Guus Hiddink blew his chance of a return to Stamford Bridge as Chelsea manager because he insisted on bringing Ray Wilkins back to the club if he got the job. Full story: Independent
Everton striker Louis Saha is sleeping in an oxygen tent to help him recover from an ankle injury in time to train for the new season.Full story: Daily Star
Everton midfielder Jack Rodwell says he would love to be part of a Great Britain Olympic football team next year. "The chance to win an Olympic medal would be amazing," said the 20-year-old. Full story: the Sun
AND FINALLY
League One side Leyton Orient are enjoying a holiday of a lifetime on chairman Barry Hearn in Las Vegas as a reward for their FA Cup draw with Arsenal back in February. Full story: Daily Mail
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