1- Arsenal close to €16m Gustavo swoop
Arsenal are close to signing midfielder Luis Gustavo from Bayern Munich, as they near agreement over a €16 million deal to gazump Chelsea and Wolfsburg. Source: Daily Mirror

2- Arsenal draw up £160,000-per-week contract for Suarez
Arsenal are prepared to make Luis Suarez their highest-ever-paid player should they secure his move from Liverpool, with Arsene Wenger drawing up a four-year contract at £160,000 per week to capture him. Source: Metro

3- West Ham near €7m Downing buy from Liverpool
Liverpool winger Stewart Downing is set to call time on his disappointing spell at Anfield as West Ham near a €7 million deal to sign the former Aston Villa midfielder. Source: Daily Star

4- Real Madrid worry over ability to pay Bale fee
Real Madrid are trying to convince Tottenham to let them pay for Gareth Bale in instalments as they are worried about their chances of securing the cash to pay a world-record transfer fee up front. Source: Daily Star

5- Tottenham to move for Suarez if Bale leaves
Tottenham are preparing to move for wantaway Liverpool star Luis Suarez should their asking price for Gareth Bale be met by Real Madrid. Source: The Sunday People

6- Spurs chase Coentrao independent of Bale
Tottenham are pursuing the signature of Fabio Coentrao from Real Madrid regardless of whether or not Gareth Bale ends up moving to the Santiago Bernabeu, while Tom Ince of Blackpool is considered as a replacement for the Welshman. Source: Daily Mirror

7- Liverpool fear Barca Agger raid but bid for starlet Hughes
Liverpool are braced for Barcelona to turn to centre-back Daniel Agger after being rebuffed by Chelsea over David Luiz, while the Reds are bidding for Derby starlet Will Hughes. Source: Daily Mirror

8- Tottenham make €17.5m bid for Eriksen & Alderweireld
Tottenham want to beat Liverpool to the signings of two Ajax stars, Christian Eriksen and Toby Alderweireld, and have made a €17.5 million double bid for both of them. Source: Daily Mirror

9- Everton eye Echiejile as potential Baines successor
Everton have an eye on Braga left-back Elderson Echiejile as a potential replacement, should they end up selling star man Leighton Baines to Manchester United this summer. Source: Daily Mirror

10- Rooney not in Manchester United's Community Shield squad
Manchester United striker Wayne Rooney will miss Sunday's Community Shield against Wigan because of a shoulder injury. The 27-year-old has been training with the club's reserves this week but was not deemed fit enough for Wembley. Source: BBC

11- Chelsea set Luiz asking price at €58m
Chelsea do not want to see centre-back David Luiz to Barcelona and have set an asking price of €58 million for the Brazil star. Source: Daily Mirror

12- Barcelona turn to Vertonghen
Barcelona could turn to Tottenham defender Jan Vertonghen should Chelsea refuse to sell David Luiz. Source: Het Laatste Nieuws

13- Pirlo to stay on at Juventus
Veteran midfielder Andrea Pirlo will sign a new deal with Juventus, though the two parties will only begin to discuss terms in March. Source: Corriere dello Sport

14- LA Galaxy in Eto'o race
Chelsea, Inter and Napoli are all interested in Anzhi striker Samuel Eto'o, but MLS outfit LA Galaxy also want the Cameroon ace. Source: Tuttosport

15- Man Utd consider Modric swoop
Manchester United manager David Moyes is weighing up a bid for Real Madrid midfielder Luka Modric. Source: The Guardian

16- Valencia target Ba & Lukaku
Valencia are targeting a loan move for Chelsea's Demba Ba or Romelu Lukaku. Source: Daily Mail

17- Rooney wants to join Chelsea ahead of Arsenal
Wayne Rooney's representatives have told Arsenal that the striker wants to join Chelsea this summer. Source: ESPN

18- Tottenham sign Capoue
Tottenham have completed the €10.5 million (£9m) signing of Etienne Capoue from Toulouse. Source: Daily Telegraph

Either way, 5m is peanuts to Chelsea. That's a tidy bit of business, there.

Yeah, But I don't think we will pay his wage 350k a week he is the world's top earning footballer I think we will only sign him if he accepts a wage of 100k a week up to 200k since we will only need him for 1 year or 2 maximum.