The Times

Arsenal forward Theo Walcott could leave the club this transfer window after he rejected a new contract. Walcott's deal expires at the end of next season, but Manchester City and Liverpool are monitoring the situation and could bid £12m in the next few days.

Daily Mail

Fenerbache are readying an £8m bid for Chelsea midfielder Michael Essien. The Turkish side are also considering a move for Essien's teammate Raul Meireles.

Frank Lampard reveals he dreams of one day managing Chelsea. The 34-year midfielder admits he wants to stay in football after retirement, but only the Chelsea job interests the England ace.

Didier Drogba returned to the Chelsea training ground yesterday to see his old teammates, and the Ivorian could return on a more permanent basis at Christmas. The former-Chelsea star is likely to train in England during the Chinese off-season, with Chelsea's Cobham facility the most likely destination.

Daily Telegraph

Rennes warn Spurs they risk missing out on 22-year-old Yann M'Vila after failing to increase their £12m offer for the French international.

Daily Mirror

Andre Villas-Boas is ready to splash the cash, using the proceeds of the Luka Modric sale to sign three new players. The Spurs boss wants to bring in Portugal star Joao Moutinho, Russia forward Alan Dzagoev and France goalkeeper Hugo Lloris.

The Sun

Dimitar Berbatov's agent has flown to Florence to discuss the Bulgarian's possible £5m transfer from Manchester United to Serie A side Fiorentina.

Guardian

Brendan Rodgers is considering moving England winger Stewart Downing to left-back. The Liverpool midfielder may have to make the switch to save his Anfield career following the emergence of Raheem Sterling.

Marca

Barcelona boss Tito Vilanova is struggling to find a role for Cesc Fabregas at the Nou Camp. And the door remains open for a return to the Emirates Stadium as the Spain star reportedly has a buyback clause in his contract allowing Arsenal to resign him for €35m - the same price Barca paid Arsenal last year.

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Theo Walcott