Arsene Wenger is prepared to pay 12m to bring Portsmouth midfielder Niko Kranjcar to Arsenal as a replacement for Alexander Hleb. (Daily Mirror)

Wenger is also interested in signing Newcastle striker Obafemi Martins for around 15m.(Daily Telegraph)

Juventus are reportedly interested in signing Liverpool midfielder Xabi Alonso. (Daily Telegraph)

Wolves' Welsh international goalkeeper Wayne Hennessey is a 5.5m target for Everton. (Daily Mirror)

Arsenal midfielder Mathieu Flamini is in Italy finalising his free transfer to AC Milan. (Various)

Newcastle are lining up a 4m bid for Fulham midfielder Steven Davis who has impressed while on loan at Rangers this season.(Daily Mirror)

Kevin Keegan is also keen to bring Everton striker Andrew Johnson to St James' Park. (Daily Mirror)

Nottingham Forest winger Kris Commons will join rivals Derby County on a free transfer in the summer. (Various)

Derby striker Robert Earnshaw could head in the opposite direction for 1.5m. (Daily Mail)

Sunderland manager Roy Keane will re-launch a 5m bid for midfielder Stephen Hunt if Reading are relegated. (Daily Mirror)

Frank Lampard is set to sign a one-year contract extension to stay with Chelsea. (Daily Express)

Manchester United's players will each pocket a 250,000 bonus if they win the double. (The Sun)

Stoke City's promotion to the Premier League will earn the club between 50m and 60m.

Stephen Warnock and Matt Derbyshire have been offered new four-year deals to stay at Blackburn. (The Sun)

Survivors of the Munich air disaster will be invited to the Champions League final as guests of Man Utd. (Various)