Wednesday's gossip column - transfers and rumours

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TRANSFER GOSSIP

Frank Lampard, 34, and Ashley Cole, 31, will not be handed new long-term contracts by Chelsea. The Blues are only prepared to offer one-year deals to the pair - even if it means losing them as free agents at the end of the season.

No long-term deals for Frank Lampard and Ashley Cole

Full story: the Sun

Inter Milan are interested in Arsenal's 29-year-old defender Bacary Sagna, according to Corriere dello Sport. The Italian paper claims the Serie A club are monitoring the right-back's rehabilitation from a broken leg with a view to a summer move.

Full story: talkSPORT

Long-term Manchester United and Liverpool midfield target Mesut Ozil, 23, has dismissed speculation linking him with a move away from Real Madrid.

Full story: Daily Mirror

Ajax midfielder Christian Eriksen, 20, says he is flattered by the interest shown in him by Liverpool but insists a move to Anfield is unlikely.

Full story: Metro

Liverpool are also keen on Hamburg's 20-year-old South Korea forward Son Heung-min.

Full story: Daily Mail

Chelsea are ready to make a second move in January to capture Marseille's 25-year-old striker Loic Remy.

Full story: Daily Express

Manchester City and Chelsea are on alert after Atletico Madrid general manager Miguel Angel Gil Marin admitted the Spanish club would benefit if Colombian striker Radamel Falcao, 26, were to be bought out of his contract in the summer.

Full story: Goal.com

Arsenal have written off £5.5m in their accounts to cover the wages of ­transfer flop Park Chu-young, 27, who is on loan at Celta Vigo.

Full story: London Evening Standard

OTHER GOSSIP

John Terry, 31, is considering ending the fight to clear his name and accept a four-match ban for racially abusing Anton Ferdinand.

Full story: Daily Mail

Former Barcelona coach Pep Guardiola has been tipped to replace Arsenal manager Arsene Wenger.

Full story: Daily Star

Pep Guardiola could replace Arsene Wenger at Arsenal

Newcastle United's £24m shirt sponsorship deal with Wonga has been engulfed in fresh controversy after the club's Muslim players were warned that wearing the new shirts would infringe Sharia law.

Full story: Independent

Blackburn Rovers will draw up a shortlist of potential managers on Thursday, although the club's Premier League-winning striker Alan Shearer, despite expressing interest in the job, has had no contact with the owners Venky's.

Full story: Guardian

Mick McCarthy is hot favourite to be the new Bolton boss following the sacking of Owen Coyle.

Full story: Daily Star

Liverpool manager Brendan Rodgers has been filmed playing a psychological game on his players involving three envelopes.

Full story: Daily Mirror

Meanwhile, Rodgers has taken exception to Alan Shearer's analysis of Joe Allen, 22, and believes it shows the former England striker does not grasp how his Liverpool team operate.

Full story: Guardian

AND FINALLY

Tottenham forward Clint Dempsey says fishing is one of his favourite pastimes because it reminds the 29-year-old of his childhood.

Full story: Daily Mail