Football Transfer Rumours - May-01-2011

Liverpool are tracking 18-year-old Atletico Bilbao winger Iker Muniain and may make a move for him in the summer.

Chelsea are preparing a £40m bid for Manchester City striker Carlos Tevez but City are unlikely to contemplate selling their captain and top goalscorer to another Premier League club - even if the Stamford Bridge outfit meet the asking price.

Arsenal boss Arsene Wenger will have to top Bayern Munich's £7.8m-a-year offer to Manuel Neuer to have a chance of luring the Schalke goalkeeper to the Emirates.

Spurs are set to revive their interest in Joe Cole only 12 months after he rejected a move to White Hart Lane and completed a free transfer to Liverpool.

Tottenham and Manchester City will lead the battle to sign midfielder Scott Parker this summer for a fee of about £10m if West Ham are relegated from the Premier League.

Manchester United have made a dramatic late swoop to hijack Manchester City's deal to sign highly rated Chile winger Alexis Sanchez. The 22-year-old, who plays for Italian side Udinese, is valued at about £26.5m.

Manchester City are lining up a £15m bid for 25-year-old Bolton defender Gary Cahill - using Shaun Wright-Phillips as a makeweight in the deal.

Manchester City and Manchester United are set for a £35m summer battle to sign 26-year-old Dutch midfielder Wesley Sneijder from Inter Milan.