TODAY'S TRANSFER GOSSIPS

Here is all of Thursday's transfer gossip and paper talk...

Arsenal are set to make a £30m bid for Karim Benzema - who has one year of his contract remaining at Real Madrid - having failed to sign him on two previous occasions. (Daily Telegraph)

One player who could be returning to the Emirates is Carlos Vela, 25, after the Gunners reportedly activated a buy-back option in his Real Sociedad contract. (Metro)

Liverpool fear they could miss out on England international Adam Lallana, 26, this summer if Tottenham are successful in their attempts to poach Southampton boss Mauricio Pochettino. (Daily Star)

German champions Bayern Munich are poised to launch a £25m bid for Chelsea defender David Luiz, 27. (Daily Mail)

The Blues will consider allowing goalkeeper Petr Cech, 31, to leave if the Czech international does not want to be understudy to Belgium international Thibaut Courtois, 21, who is expected to return from his loan at Atletico Madrid to become first choice.(Daily Telegraph)

Tottenham are set to make an £8m offer for Real Betis winger Alvaro Vadillo, 19, after chairman Daniel Levy gave the green light to the transfer. (Metro)

Chelsea have joined Liverpool and Arsenal in the chase for MK Dons midfielder Dele Alli, 18, who has been dubbed the 'new Steven Gerrard'. (Daily Express)

Former England midfielder Joe Cole, 32, is being eyed by Major League Soccer chiefs after leaving boyhood club West Ham for a second time. (Daily Mirror)

Everton are keen on Hannover striker Didier Ya Konan, 29, as a replacement for Belgian Romelu Lukaku, 21, who has returned to Chelsea after a season-long loan at Goodison Park. (Daily Express)

Chelsea are set to offer striker Lukaku a new contract. (The Independent)

Billy Jones, 27, is set to leave West Brom on a free transfer after rejecting a new contract at The Hawthorns. (Birmingham Mail)

Liverpool hope to sign Sevilla left-back Alberto Moreno, 21, this summer for a fee in excess of £15m. (Liverpool Echo)