Football Transfer Rumours - Apr-05-2015

Southampton are interested in signing Chelsea goalkeeper Petr Cech, 32, on loan this season as injury cover for Fraser Forster, 27, who is out for up to a year with a broken kneecap

Real Madrid are preparing a £32m bid to sign Monaco striker Radamel Falcao, currently on loan at Manchester United, when fellow striker Javier Hernandez, 26, heads back to Old Trafford after his loan spell with Real ends this summer

Palermo striker Paulo Dybala, 21, described as "the new Sergio Aguero" by club president Mauricio Zamparini, is set to be on his way to the Premier League, with Liverpool and Arsenal interested in the Argentine youngster.

Chelsea are set to activate the £13.6m release clause in the contract of Valencia's 29-year-old defender Jose Luis Gaya.

Ings has been offered a £60,000-a-week deal to join David Moyes' Real Sociedad, which would mean he would earn more in a month than the £197,000 compensation the Clarets would recoup if he moves to the La Liga side when his contract expires in the summer.

Newcastle hope to beat a hike in prices before the £5bn TV deal starts by signing strikers this summer. Among their targets are Anderlecht's £15m-rated Aleksandar Mitrovic, 20, Burnley's Danny Ings, 22, and West Brom's Saido Berahino, 21.

Manchester United have been offered the chance to sign Germany midfielder Sami Khedira, who is out of contract at Real Madrid this summer - but they will have to pay the 28-year-old £200,000 a week.

Former Newcastle midfielder Yohan Cabaye, 29, is a £10m target for Arsenal after failing to secure a regular first-team place at Paris St-Germain.