Man Utd are lining up a move for Brazilian striker Luis Fabiano who has scored 33 goals in 38 games for Sevilla this season. They are also reportedly weighing up a sensational summer swoop for Newcastle striker Michael Owen.
Chelsea striker Didier Drogba has agreed a three-year deal with AC Milan to link up with boss Jose Mourinho, who is likely to replace Carlo Ancelotti next season. They are also ready to bid £20m to take striker Dimitar Berbatov from Tottenham.
Arsène Wenger has also agreed a £16m deal to land Lyon winger Hatem Ben Arfa, beating Liverpool and Manchester United to his signature.
LA Galaxy is looking at the possibility of signing FC Barcelona midfielder Deco.
Sunderland manager Roy Keane will have £50m to spend in the summer and is lining up bids for Atletico Madrid striker Diego Forlan, Celtic's Aiden McGeady and Manchester City captain Richard Dunne
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