Top five transfer rumours - City look to swap El Shaarawy for Tevez, and Real Madrid value Bale at over £80m

Stephan El Shaarawy has great hair. Photo: PA

Pens are at the ready, as lots of cheques need signing with Manchester City and Real Madrid the closest to parting with money.

Spurs winger Gareth Bale will cost more than £80million, according to Real Madrid sporting director Zinedine Zidane, which would see the club break the world transfer record if they decide to go after the Welshman (Daily Mail)

Due to the limitations of Manchester City players' hairstyles, the club are looking to bring in the mohicaned Stephan El Shaarawy from AC Milan, with Carlos Tevez going in the opposite direction (Gazzetta Dello Sport)

Ian Holloway's search for a quality striker has seen him turn to Portugal to sign Amino Balde from Vitoria Guimaraes, who had looked set for a £2.5million move to Celtic, but the lure of the Premier League have put Crystal Palace in pole position for his signature (Daily Mirror)

New Napoli boss Rafa Benitez wants another spell managing the indifferent Chelsea striker Fernando Torres, which could allow Edinson Cavani to move the other way (Daily Express)

With all the money flying around Monte Carlo, they seem quite happy to let 20-year-old midfielder Nampalys Mendy join David's Moyes' youthful Manchester United (Metro)