Manchester City have given up hope of signing Roque Santa Cruz from Blackburn and have instead switched their intentions to Real Zaragoza's Argentine striker Diego Milito. (The Guardian)
But Aston Villa manager Martin O'Neill is ready to test R
overs' resolve with a £16m bid for the 27-year-old Paraguay striker. (Various)
O'Neill is also set to up his bid for Newcastle's James Milner to £9m after already having a £7m bid rejected. (The Sun)
Liverpool will not be held to ransom by Espanyol for winger Albert Riera after the Spanish club said the 26-year-old is available for £16m, but the Anfield club are only willing to pay £10m. (The Times)
If the Reds fail to sign Riera, manager Rafael Benitez will turn his attentions towards Middlesbrough winger Stewart Downing. (The Times)
Chelsea striker Andriy Shevchenko, who has scored just nine league goals in 47 appearances, is set to re-join AC Milan on a season-long loan deal, but his wages could prove to be a stumbling block. (Various)
Zenit St Petersburg have pulled the plug on Andrei Arshavin's move to Tottenham after Spurs refused to match the Russian club's £20m valuation of the 27-year-old. (Various)
Tottenham could also miss out on Arshavin's Russian team-mate Roman Pavlyuchenko, 26, who has said he does not want to leave Spartak Moscow. (Daily Star)
Everton will pay Juventus midfielder Tiago's £4m-a-year wages in order to take the 27-year-old on a season's loan. (Daily Mirror)
But David Moyes' side have missed out on signing Sporting Lisbon midfielder Joao Moutinho as they cannot afford the £20m asking price. (Daily Star)
Hull City have made a £1.5m for 6ft 8in Rapid Vienna striker Stefan Maierhofer. (The Times)
Sunderland manager Roy Keane has turned his attentions to West Ham striker Carlton Cole, 24, after securing a loan deal for Marseille's Djibril Cisse. (The Sun)
Keane has also stepped up his pursuit of Blackburn's Benni McCarthy and David Healey from Fulham. (Daily Mail)
Bolton manager Gary Megson has made a £3m bid for Fulham's 29-year-old midfielder Jimmy Bullard. (Various)
MK Dons captain Keith Andrews looks set to join up with former boss Paul Ince at Blackburn after Rovers bid £1.3m for the 27-year-old Irish midfielder. (Daily Mirror)
Burnley will offer Derby £500,000 for defender Dean Leacock who is also a target for Preston. (Daily Star)
Fulham striker Eddie Johnson is line for a loan switch to Cardiff after the Championship side failed in a similar bid to sign team-mate David Healey. (Daily Star)
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