All the latest football gossip from Wednesday's papers.
Arsenal are on the verge of accepting a �10m bid from Real Madrid for winger Jose Antonio Reyes. (The Sun, The Mail)
Michael Owen could be heading the other way, leaving the Bernabeu for Highbury in a deal worth �12m. (The Sun)
Charlton are competing with Bolton to sign Paris St Germain's �1.5m-rated Portguese international striker Pauleto. (The Mirror)
Manchester United are preparing an offer for Ajax's 20-year-old Holland midfielder Nigel De Jong, thought to be worth �2m. (various)
Tottenham have agreed a �2.5m fee with Ajax for their 21-year-old winger Daniel de Ridder. (The Sun)
Bolton boss Sam Allardyce has been told the club's owner, Eddie Davies, will not be making funds available for summer signings. (The Sun)
Inter Milan coach Roberto Mancini believes striker Adriano will not leave the club, despite reported interest from Chelsea. (The Independent)
Newcastle are keen on signing Twente's Swedish central defender Daniel Majstorovic. (The Independent)
Everton are tracking Spurs winger Simon Davies and Fulham midfielder Papa Bouba Diop. (The Independent)
Manchester United are interested in signing �6m-rated Espanyol defender Albert Lopo. (The Independent)
Bayern Munich are set to launch a raid on Celtic defender Bobo Balde. (Daily Record)
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