Manchester United could be priced out of a move for Gremio’s 18-year-old midfielder Douglas Costa, who has been called the new Cristiano Ronaldo. His agent says there is a £13.5m get-out clause in his contract and he will be worth double his current price by the end of the Brazilian season.

Hull have confirmed they will speak to Michael Owen’s representatives within the week about the possibility of signing him from Newcastle.

Portsmouth’s Sean Davis is expected to join Bolton when his contract at Fratton Park expires on June 30 after the Trotters fought off competition from Blackburn Rovers for the midfielder’s signature.

Manchester United’s Darron Gibson says he is keen to sign a new contract despite a lack of first-team opportunities lessening his chances of playing in next year’s World Cup, should the Republic of Ireland qualify.

AC Milan midfielder Andrea Pirlo says he wants to follow coach Carlo Ancelotti from the San Siro to Chelsea, and Milan chairman Silvio Berlusconi has hinted they could let him go.

Atletico Madrid, Sunderland and Sevilla are all chasing Tottenham midfielder Didier Zokora.

West Ham, Aston Villa, Everton and Fulham are all in the running to sign former Chelsea striker Eidur Gudjohnsen after Barcelona confirmed he can leave for the right price.

Wolves are ready to break their club’s transfer record with a £6.5m move for Reading’s Republic of Ireland striker Kevin Doyle.