Former Liverpool and Newcastle striker Michael Owen will have to take a 50% pay cut - to £50,000-a-week - and pass a stringent medical before making a shock move to Manchester United.
Full story: The Sun

Actually, Owen could be offered a basic wage of a paltry £20,000-a-week, with performance-related bonuses taking him close to the £110,000-a-week he earned at Newcastle.
Full story: Daily Mail

Chelsea are the only club to have submitted a formal bid, of about £40m, for Bayern Munich's Franck Ribery - but the French international wants to join Real Madrid.
Full story: Daily Telegraph

Real Madrid have put their bid for Liverpool midfielder Xabi Alonso on hold, until mid-July when his former club Real Sociedad will no longer be entitled to a percentage of the fee.
Full story: The Sun

Liverpool are steeling themselves for two bids worth nearly a combined £60m from Real Madrid and Barcelona for Alonso and his fellow midfielder Javier Mascherano. (Daily Telegraph)

Manchester United will make a £16m move for Sevilla's 28-year-old Brazilian striker Luis Fabiano, but face competition from AC Milan.
Full story: Daily Mirror

Barcelona have risked the wrath of Arsenal by making an approach for midfielder Cesc Fabregas.
Full story: The Sun

Portsmouth defender Sol Campbell is considering a shock move to Championship club Newcastle United.
Full story: Daily Star

Chelsea are close to signing Man City youngster Daniel Sturridge and and CSKA Moscow left-back Yuri Zhirkov.
Full story: Daily Telegraph

AC Milan could make a remarkable £12m bid for Portsmouth striker Peter Crouch if they fail to sign Arsenal's Emmanuel Adebayor.
Full story: The Sun

Fulham are also keen on Pompey's giant hitman, preparing a £10m bid.
Full story: Daily Mail

Aston Villa are weighing up a potential £8m bid for 22-year-old Swedish striker Marcus Berg, who impressed at the recent Euro Under-21 Championship.
Full story: Daily Star

Tottenham will have to pay £12m to sign Lille's 25-year-old Brazilian midfielder Michel Bastos.
Full story: Daily Mail

Goalkeeper Kelvin Davis, 32, will seal his move from Southampton to West Ham on Monday.
Full story: The Sun

Hull boss Phil Brown could be set to offer veteran midfielder Dietmar Hamann a 12-month contract after he was released by Manchester City.
Full story: Daily Mirror

West Brom have rejected a £2m bid from Fulham for captain Jonathan Greening. (Daily Star)

Everton are set to raid Leeds to sign highly-rated defender Luke Garbutt in a £1m deal. (Daily Star)

Wolves will complete the £2m signing of Sunderland defender Greg Halford, 24, on Friday. (The Sun)

Stoke are set to make a £5m bid for Manchester City's Zimbabwean striker Benjani.
Full story: Daily Star

Watford have accepted a £1.8m bid from Sheffield United for their player of the year Tommy Smith, 28. (The Sun)

Nottingham Forest are set to sign Preston's Paul McKenna and QPR's Lee Camp in the next 48 hours. (Daily Star)

Norwich are close to signing Crystal Palace striker Alan Lee, 30, in a deal which could take goalkeeper Stuart Nelson, 27, the other way. (Daily Star).