Top five transfer rumours - Arsenal offer £20m for Rooney, Chelsea struggling to pay £50m for Cavani, City want Fred

Wayne Rooney has been linked with the Old Trafford exit door. Photo: PA

Arsene Wenger seems to be getting all excited and considering parting with £60million, which is novel.

Arsenal are to start a bidding war with Chelsea for Wayne Rooney, by opening up with a £20million offer for the Manchester United and England striker (Sunday Mirror). But the former Everton man has already had a secret meeting with new boss David Moyes, as the Scot tries to convince Rooney to stay at Old Trafford (Sun)

For some reason or other Wenger's dream strikeforce consists of Chelsea's Fernando Torres and Real Madrid forward Gonzalo Higuain, with the Frenchman hoping to bring both to the Emirates in time for the start of the season (Sunday People)

Edinson Cavani's £52million valuation could be too much for Chelsea, after Napoli told the west London outfit to up their £46million bid for the Uruguayan striker (Mail on Sunday)

As Romelu Lukaku returns to Stamford Bridge, West Brom are looking to replace the big Belgian by bringing in his fellow Chelsea striker Demba Ba on a season-long loan (Sunday Times)

Manuel Pellegrini is struggling to find a suitable striker to fill Carlos Tevez's void, and so is now considering making a bid for Brazil international Fred (Mail on Sunday)