Fulham have signed Bulgarian international Stanislav Manolev on loan from PSV for the rest of the season
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Phillip Cocu has been appointed PSV Eindhoven coach on a four-year deal, the Eredivisie club have announced.
The 42-year-old replaces Dick Advocaat, who had previously stated his intention to step down at the end of the season if PSV failed to win the league title.
Manchester City striker John Guidetti has dismissed out of hand the possibility of being part of a swap deal for Jetro Willems that would see him move to PSV Eindhoven.
Reports had claimed the Premier League club will look to make a summer move for defender Willems with Guidetti going to Holland.
– John Guidetti, speaking to Sportwereld AD
I will never, ever play for PSV. In the Netherlands, Feyenoord are the only club I would want to play for. Everyone knows that.
PSV Eindhoven technical manager Marcel Brands has admitted it is "unlikely" Dick Advocaat will stay with the club beyond the current season.
When asked whether Advocaat would still be at the club next season, Brands told Studio Voetbal: "It is unlikely that he will."
Philip Cocu, who was caretaker manager at the end of last season before Advocaat's appointment in the summer, is widely expected to replace him.
Andrey Arshavin's Arsenal struggles are set to end with PSV reportedly interested in bringing the Russian in on loan, say the Daily Mail. In addition, the newspaper reports that the Gunners are ready to offload Marouane Chamakh and Johan Djourou to Lille and Hannover respectively.