Monday's gossip: Echeverri, Varane, Carvalho, Sarr, Kehrer, Lookman, McKenna

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Claudio EcheverriImage source, Getty Images

Manchester City have agreed a deal to sign River Plate's Argentina Under-17 midfielder Claudio Echeverri on a six-year contract, with the 17-year-old set to remain with the South American club until December 2024. (Fabrizio Romano), external

Manchester United have decided against activating the option to extend Raphael Varane's contract by a further 12 months, meaning the 30-year-old France defender can hold talks with overseas clubs over a summer free transfer move from 1 January. (Mail), external

Leicester want to sign Liverpool winger Fabio Carvalho on loan after the 21-year-old Portugal Under-21 international was recalled from his loan spell at RB Leipzig. (Sky Sports), external

Liverpool have sent scouts to watch Crystal Palace's England-born former France Under-21 winger Michael Olise, 22, in recent weeks. (Football Insider), external

Tottenham's Senegal midfielder Pape Matar Sarr, 21 - who limped off during Sunday's game against Bournemouth with a hamstring problem - is close to agreeing a new long-term contract. (Athletic - subscription required), external

Arsenal will allow English winger Reiss Nelson, 24, to leave the club on loan in January. (Football Insider), external

Monaco are closing in on deal to sign 27-year-old Germany defender Thilo Kehrer from West Ham. (Fabrizio Romano), external

Juventus, Nice and several Premier League sides are interested in Atalanta's 26-year-old English winger Ademola Lookman. (Mail), external

Sheffield United want to sign a goalkeeper on loan in January, with Anderlecht's 37-year-old Denmark international Kasper Schmeichel a potential target. (Sun), external

Brentford have made a 25m euros (£21.6m) bid for Real Betis' 18-year-old Spain Under-21 winger Assane Diao. (Mundo Deportivo - in Spanish), external

Southampton are considering a move for Burnley's 26-year-old Belgian midfielder Manuel Benson. (Daily Echo), external

West Ham have activated a one-year contract extension for Vladimir Coufal, but the 31-year-old Czech Republic defender wants a longer deal. (Sun), external

Eintracht Frankfurt are close to agreeing a loan deal with Wolves for 26-year-old Austria striker Sasa Kalajdzic. (Bild - in German), external

Brighton and Crystal Palace both want to bring in Ipswich boss Kieran McKenna as their new manager. (Sun), external

Image source, BBC Sport
Image source, BBC Sport