Mario Balotelli is ready to join AC Milan in a £24m deal. The 22-year-old striker has given notice on his rented house in Cheshire and started flying his possessions back to Milan. (The Sun)

Liverpool have launched an £8m bid for Inter Milan's Brazilian midfielder Philippe Coutinho, 20, after becoming increasingly frustrated in efforts to sign Blackpool's former Reds youngster Thomas Ince. (Daily Telegraph)

Queens Park Rangers are chasing Porto and Portugal defender Rolando, even though the 27-year-old Europa League winner has turned them down three times already. (Daily Mirror)

Meanwhile, QPR's hopes of signing Rennes and France midfielder Yann M'Vila, 22, have been complicated by interest from Rubin Kazan and Tottenham Hotspur. (The Times)

Chelsea midfielder Frank Lampard, 34, is close to agreeing a deal with LA Galaxy for next season - but he will definitely remain at Stamford Bridge for the rest of the current campaign. (London Evening Standard)

Stoke City are close to signing 22-year-old United States and FC Dallas winger Brek Shea. (nbcsports.com)

Arsenal want 20-year-old French midfielder Gilbert Imbula, who has starred for French second-tier side Guingamp in recent seasons and holds the record as the youngest player to play in the division, at 17 years, one month and four days. (Daily Mail)

West Bromwich Albion defender Craig Dawson, 22, is attracting attention from a number of Championship clubs, including Black Country neighbours Wolves. Blackburn, Bolton and Leeds are also keen on taking him on loan. (skysports.com)

West Ham are ready to abandon their pursuit of Blackburn left-back Martin Olsson, 24, as they are not keen to offer more than the £2m bid which has been rejected. (London Evening Standard)

West Bromwich Albion manager Steve Clarke has held talks with striker Peter Odemwingie, 31, and defender Jonas Olsson, 29, after interest from Queens Park Rangers, and told the pair to forget about leaving the club. (Daily Express and Daily Star)