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Wednesday’s transfer rumors – Arsenal’s summer transfer budget revealed

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The latest transfer rumors from around the footballing world, including Premier League, La Liga, Serie A, Bundesliga, Ligue 1, and much more.

Arsenal’s summer transfer budget revealed

Arsenal Stan Kroenke is pulling out all the stops to ensure the Gunners launch a Champions League title bid next season, with a whopping £200 million transfer budget.

From this substantial amount of funds – which includes such made from player sales – Arsenal hope to achieve greatness in Europe by mounting a determined pursuit for Champions League glory; something no other Gunners squad has been able to do before. [Football Transfers]

PSG to suspend Lionel Messi

Man Utd identify three Kane alternatives

Manchester United are actively pursuing a number of high-profile strikers. Tottenham’s Harry Kane is the top target. But if a deal isn’t possible, three alternatives have already been lined-up.

Eintracht Frankfurt’s Randal Kolo Muani is one option. AS Roma frontman Tammy Abraham and Inter Milan star Lautaro Martinez are also on the Red Devils’ radar. [FourFourTwo]

Nagelsmann-Tottenham talks stumble

Tottenham face an uncertain future. Their pursuit of Julian Nagelsmann has hit a roadblock amid questions surrounding their sporting director role.

Nagelsmann was a leading candidate to replace Antonio Conte as the next Spurs manager. The 35-year-old is available after his dismissal at Bayern Munich. But he wants assurance of who will lead recruitment and strategy in the wake of Fabio Paratici’s resignation as the club’s managing director of football. [Telegraph – subscription required]

Leeds set to confirm Sam Allardyce’s appointment

PSG won’t give Messi a new deal

On Tuesday, the news rocked the footballing world that Paris Saint-Germain had taken drastic action in response to Lionel Messi’s unauthorized trip to Saudi Arabia – a whopping two-week suspension without pay.

Now it looks as though his time with PSG is up. The club board has decided to not extend Messi’s contract. The 35-year-old forward can leave Paris on a free transfer this summer. [L’Equipe – in French]

Inter line-up move for potential Skriniar replacement

Fulham defender Tosin Adarabioyo has emerged as a possible transfer target for Inter Milan.

The Nerazzurri are considering replacements for Milan Skriniar. The 28-year-old is expected to join Paris Saint-Germain this summer. Inter like Adarabioyo and the way he performed against Manchester City striker Erling Haaland impressed them last weekend. [Daily Mail]