Andre Villas-Boas has turned down the chance to manage Paris Saint-Germain next season according to reports.
Fabio Capello is now favourite to take over the Ligue 1 giants.
Arsenal have moved to secure the future of Arsene Wenger according to the Daily Express, who claim negotiations with the Frenchman over a new contract have begun.
Wenger's current deal is up in 2014.
Borussia Dortmund are keen on landing Chelsea pair Kevin de Bruyne and Romelu Lukaku, according to Bild.
Their interest could pave the way for Robert Lewandowski to head in the opposite direction, claim the German newspaper.
Malaga have warned that they will not sell Isco on the cheap this summer.
The young Spaniard has a £30 million release clause in his contract, and has offers from Real Madrid & Manchester City.
Manchester United transfer target Robert Lewandowski has been urged to snub a move to Old Trafford and join Arsenal instead - by Lukas Podolski.
Manchester United have been heavily linked with a move for the Dortmund man for some time.
And finally, Barcelona have confirmed that Carles Puyol will be fit to start the new season - after the Spanish defender underwent an operation to remove a cyst from his knee.