Manchester City are preparing to smash their transfer record on CSKA Moscow's Brazilian forward Jo, 21, in a move that could cost close to £20m. (The Guardian and Daily Mirror)
Manager Sven-Goran Eriksson could have a mouthwatering attacking line-up next season as City believe they can successfully re-enter the race to sign Ronaldinho after a breakdown in negotiations between Barcelona and AC Milan. (Daily Telegraph)
Arsenal boss Arsene Wenger fears the Gunners could lose Alexander Hleb after the midfielder - who can buy out his contract for a knockdown fee - had a secret meeting with Inter Milan. (Daily Mirror)
Emmanuel Adebayor could also be on his way to Italy after the Arsenal striker was linked with AC Milan and Juventus. "Milan have looked at him and so have Juventus," said the player's agent Vincenzo Morabito. (The Independent)
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Tottenham are set to make a £3m offer for Getafe defender Daniel Diaz, 29. (Daily Mirror)
Spurs boss Juande Ramos is eager to boost his defensive options and is ready to end Tal Ben Haim's Chelsea nightmare. The 26-year-old has made only 17 starts for the Blues since his summer move from Bolton. (Daily Mail)
Manager Rafael Benitez wants Newcastle's Steve Harper to battle with Pepe Reina for the number one goalkeeping spot at Liverpool. The 32-year-old could cost as little as £500,000. (The Sun)
Portsmouth boss Harry Redknapp is ready to offer Fulham £5m for Jimmy Bullard if the Londoners are relegated. (The Sun)
Derby could sign Everton midfielder Lee Carsley as manager Paul Jewell prepares for the Championship. (The Independent)
Bayern Munich, Juventus and Fiorentina are interested in goalkeeper Mark Schwarzer, who is set to leave Middlesbrough in the summer. (The Sun)
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