Arsenal to raid Real Madrid for three stars, Chelsea want to sell Torres and Liverpool want former Newcastle keeper

Transfer rumours.
Transfer rumours.
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ARSENAL appear ready to part with their entire £70m transfer budget to sign three Real Madrid players, while Chelsea are ready to listen to offers for Fernando Torres.

With the Gunners yet to spend a penny this summer, fans have grown frustrated, but it appears manager Arsene Wenger is ready to splash the cash before Monday’s deadline, according to today’s newspapers.

Chelsea, meanwhile, signed Samuel Eto’o on a free transfer yesterday, leading many to question the future of Spanish striker Torres.

Read on below for a full round-up of all today’s transfer gossip.

Arsenal want to spend their entire £70m transfer kitty on Real Madrid trio Karim Benzema, Mesut Ozil and Angel Di Maria – Daily Mail

Chelsea are ready to sell 29-year-old Torres after Eto’o signed for the club – Daily Mirror

Liverpool are closing in on the signing of former Newcastle goalkeeper Shay Given from Aston Villa – Daily Mail

Middlesbrough are set to sell South Shields-born striker Curtis Main to Shrewsbury Town – Sky Sports

Everton have rejected Manchester United’s latest double offer for Marouane Fellaini and Leighton Baines, which was worth £36m – Daily Express

However, Fellaini has told Toffees boss Roberto Martinez he wants to leave the club – Daily Mail

Everton will need to reach a compromise with Gareth Barry about his £125,000-a-week wages if they are to sign the Manchester City midfielder on loan – Liverpool Echo

Arsenal have made an £8.5m bid for St Etienne midfielder Josuha Guilavogui as Newcastle remain desperate to hold on to Yohan Cabaye – Daily Express

West Brom manager Steve Clarke has confirmed his interest in Chelsea winger Victor Moses – Birmingham Mail

Liverpool’s bid to sign Sporting Lisbon’s Tiago Ilori and Paris St-Germain’s Mamadou Sakho has suffered a problem because of the transfer fees demanded by the players’ respective clubs – Daily Mirror

Former Arsenal and Chelsea defender William Gallas is considering a free transfer move to A-League side Melbourne Victory – Herald Sun