Friday's gossip column: Draxler, Valdes, Kagawa, Xavi, Khedira
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Barcelona goalkeeper Victor Valdes could be on his way to Manchester City after the 32-year-old failed to meet a deadline to sign a pre-binding contract with French league side Monaco.
Bayern Munich have emerged as favourites to land Arsenal transfer target Julian Draxler, 20, from Schalke in the summer transfer window. In January the Gunners refused to meet Schalke's £37m valuation of their 20-year-old midfielder.
Turkish club Besiktas are lining up a summer move for Manchester United's 24-year-old Japan international midfielder Shinji Kagawa.
Former England captain David Beckham has targeted signing Barcelona midfielder Xavi, 34, for his new Major League Soccer franchise in Miami.
Manchester City are interested in signing Angel Correa - likened to Sergio Aguero - from Argentine side San Lorenzo. Barcelona, Atletico Madrid, Napoli and Arsenal are also rumoured to be interested in the 18-year-old forward.
Manchester United are considering a move for Southampton midfielder Harrison Reed. The 19-year-old has made four appearances for the Saints.
Real Madrid will have a summer clear-out of stars with Germany midfielder Sami Khedira, 26, sparking interest from a number of Premier League clubs including Manchester United.
Tottenham are hopeful of signing Chelsea's highly-rated 20-year-old striker Patrick Bamford in the summer. Bamford is currently on loan at Derby County in the Championship.
Chelsea manager Jose Mourinho is keen to take veteran Inter Milan midfielder Javier Zanetti, 40, to Stamford Bridge this summer in a dual player-coach role.
Everton and Liverpool face competition from Spanish side Sevilla for Levante goalkeeper Keylor Navas, 28, who reportedly has an £8.2m release clause.
Newcastle United defender Mathieu Debuchy, 28, has cast doubt over his future with the Magpies by refusing to rule out a move to Paris St-Germain.
Injured Manchester City striker Sergio Aguero hopes to return to training next week and has targeted a comeback in time for the League Cup final against Sunderland on 2 March.
Manchester United will on Friday announce a £70.2m deal which will keep striker Wayne Rooney, 28, at Old Trafford for the rest of his career.
Wojciech Szczesny, 23, is unlikely to be punished for the gesture he made as he exited the pitch following his dismissal in Arsenal's Champions League defeat by Bayern Munich. The referee did not include the incident in his report.
Norwich manager Chris Hughton could be sacked if the Canaries slip into the Premier League relegation zone with a heavy defeat against Tottenham this weekend. The Canaries sit only one point above the bottom three, having won just one of their last 10 league games.
Everton manager Roberto Martinez believes former striker Duncan Ferguson will become a "special" part of the first-team coaching set-up at Goodison Park.
Crystal Palace manager Tony Pulis says he is "desperate" to get striker Glenn Murray, 30, back in his team after his return from serious injury.
Welsh League Division Three side Pontypridd Town are set to play a summer friendly against La Liga giants Valencia. The Welsh club's manager Dominic Broad has strong contacts in Spain and is set to take his team to Valencia for a pre-season friendly on 29 July.
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