Sven-Goran Eriksson will accept a �3m pay-off to step down as England coach after this summer's World Cup finals. (Daily Express, The Times)

Michael Owen has denied Eriksson's claims that he is unhappy at Newcastle. (Daily Mirror)

Robbie Fowler will have to halve his �37,500-a-week wages if he wants a new contract with Manchester City this summer. (The Sun)

Norwich have told West Ham that Dean Ashton will cost them �8m. (The Sun)

Chelsea have offered a downpayment of �7.5m that could rise to �15m for teenage Southampton striker Theo Walcott. (The Times)

Arsenal's bid for Walcott is �5m, rising to �12m (The Times) or �4m rising to �10m. (Daily Mirror)

Chelsea have rejected a �6m bid from Tottenham for Wayne Bridge, who is set to join Fulham on loan. (The Times)

Or, Bridge is set to join Tottenham on loan for the rest of the season. (Daily Star, Daily Mirror)

Manchester United are lining up a �3m bid for Getafe winger Riki. (Daily Mail, Mirror)

Cristiano Ronaldo could leave United in a �20m summer move after his bust-up with Ruud van Nistelrooy. Juventus and Valencia are both interested. (Mirror)

Leeds will use David Healy as a bait to sign Jason Koumas from West Brom. (The Sun, Daily Express)

Portsmouth are keen on Charlton's Dean Kiely, Aston Villa's Lee Hendrie. (Daily Express)

Middlesbrough hope to buy Rory Delap from Southampton for �750,000 and may also bid �250,000 for his Saints team-mate Chris Baird. (Daily Mirror)

Tottenham have had a �1m offer for Middlesbrough winger Adam Johnson rejected. (Independent)

Birmingham are still interested in Euell - and are also targeting out-of-favour Boro striker Jimmy Floyd Hasselbaink. (The Times)

Middlesbrough want to sign Charlton's Jason Euell on loan. (The Times)

Newcastle are closing in on a swap deal for Fenerbahce striker Nicolas Anelka, with Albert Luque moving in the opposite direction. (Mirror)

Anelka will join the Magpies on loan ahead of a permanent move in the summer. (Express)

Everton have renewed their interest in Rangers striker Peter Lovenkrands, along with Birmingham City (The Herald and Mirror)

Hearts have taken Marseille goalkeeper Rais M'Bolhi on trial but could face competition from Metz, Sochaux, Panathinaikos and AEK Athens for the 19-year-old's services. (Express)

Birmingham boss Steve Bruce will wait until the end of the January transfer window before deciding whether or not to bid for Peter Lovenkrands. (Daily Record)