Friday’s Transfer Rumors

‘Former Liverpool and Newcastle striker Michael Owen will have to take a 50% pay cut – to £50,000-a-week – and pass a stringent medical before making a shock move to Manchester United.’ – The Sun

‘Actually, Owen could be offered a basic wage of a paltry £20,000-a-week, with performance-related bonuses taking him close to the £110,000-a-week he earned at Newcastle.’ – Daily Mail

‘Chelsea are the only club to have submitted a formal bid, of about £40m, for Bayern Munich’s Franck Ribery – but the French international wants to join Real Madrid.’ – Daily Telegraph

‘Real Madrid have put their bid for Liverpool midfielder Xabi Alonso on hold, until mid-July when his former club Real Sociedad will no longer be entitled to a percentage of the fee.’ – The Sun

‘Liverpool are steeling themselves for two bids worth nearly a combined £60m from Real Madrid and Barcelona for Alonso and his fellow midfielder Javier Mascherano.’ – Daily Telegraph

‘Manchester United will make a £16m move for Sevilla’s 28-year-old Brazilian striker Luis Fabiano, but face competition from AC Milan.’ -: Daily Mirror

‘Barcelona have risked the wrath of Arsenal by making an approach for midfielder Cesc Fabregas.’ – The Sun

‘Portsmouth defender Sol Campbell is considering a shock move to Championship club Newcastle United.’ – Daily Star

‘Chelsea are close to signing Man City youngster Daniel Sturridge and and CSKA Moscow left-back Yuri Zhirkov.’ – Daily Telegraph

‘AC Milan could make a remarkable £12m bid for Portsmouth striker Peter Crouch if they fail to sign Arsenal’s Emmanuel Adebayor.’ – The Sun

‘Fulham are also keen on Pompey’s giant hitman, preparing a £10m bid.’ – Daily Mail

‘Aston Villa are weighing up a potential £8m bid for 22-year-old Swedish striker Marcus Berg, who impressed at the recent Euro Under-21 Championship.’ – Daily Star

‘Tottenham will have to pay £12m to sign Lille’s 25-year-old Brazilian midfielder Michel Bastos.’ – Daily Mail

‘Goalkeeper Kelvin Davis, 32, will seal his move from Southampton to West Ham on Monday.’ – The Sun

‘Hull boss Phil Brown could be set to offer veteran midfielder Dietmar Hamann a 12-month contract after he was released by Manchester City.’ – Daily Mirror

‘West Brom have rejected a £2m bid from Fulham for captain Jonathan Greening.’ – Daily Star

‘Everton are set to raid Leeds to sign highly-rated defender Luke Garbutt in a £1m deal.’ – Daily Star

‘Wolves will complete the £2m signing of Sunderland defender Greg Halford, 24, on Friday.’ – The Sun

‘Stoke are set to make a £5m bid for Manchester City’s Zimbabwean striker Benjani.’ – Daily Star

‘Watford have accepted a £1.8m bid from Sheffield United for their player of the year Tommy Smith, 28.’ – The Sun

‘Nottingham Forest are set to sign Preston’s Paul McKenna and QPR’s Lee Camp in the next 48 hours.’ – Daily Star

‘Norwich are close to signing Crystal Palace striker Alan Lee, 30, in a deal which could take goalkeeper Stuart Nelson, 27, the other way. – Daily Star