Transfer rumors, news: Chelsea could sign Milan's Leao at discount

Jorge Mendes could orchestrate a transfer for Rafael Leão to join Chelsea or Barcelona, while Paris Saint-Germain are Juventus' main competition for Victor Osimhen. Join us for the latest transfer news, rumors and gossip from around the globe.

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TRENDING RUMORS

- Even though Rafael Leão has a €175 million release clause, Calciomercato has reported that €100m is more realistic for the winger and AC Milan could even accept €85m. Agent Jorge Mendes has previously helped Milan sign João Félix on loan from Chelsea and could help Leão go in the opposite direction to Stamford Bridge, a club that previous tried to sign him, per the report. Chelsea, Barcelona and several other unnamed clubs are interested in the 25-year-old.

- Juventus manager Cristiano Giuntoli is keen to sign Victor Osimhen with the futures of Dusan Vlahovic and Randal Kolo Muani uncertain, reports Gazzetta dello Sport, which adds that Paris Saint-Germain provide the main competition for the Napoli striker, who is currently on loan at Galatasaray. There are other obstacles to signing the 26-year-old, as it would be difficult to persuade Napoli chief Aurelio De Laurentiis to let Osimhen join a rival, and the striker's wage demands would be considerable.

- Manchester United and Manchester City could compete to sign Crystal Palace midfielder Adam Wharton in the summer, according to TEAMtalk, who add that the rivals are both tracking the 21-year-old. Wharton -- who has been training with England's senior squad -- has also received interest from Tottenham Hotspur, Chelsea and various clubs from across Europe.

- Arsenal's financial situation puts the Gunners ahead of their competition as they attempt to sign Athletic Club winger Nico Williams, according to Football Transfers. The North London club are prepared to offer the 22-year-old £200,000-per-week to move to Emirates Stadium, which the Spain international's representatives have already indicated would be accepted if he chooses to join Arsenal.

- Liverpool have decided to allow Federico Chiesa to leave in the summer, Calciomercato reports. The Italy international moved to Anfield from Juventus for €15m last summer but has struggled for game time -- playing just 387 minutes all season. The 27-year-old could return to Serie A, but will likely have to accept a drop in his salary to make it happen. Napoli are interested, and Liverpool could agree to a loan arrangement.

OTHER RUMORS

- Mainz striker Jonathan Burkardt is on Bayern Munich's shortlist as they look to sign a top back-up option for Harry Kane. Bayer Leverkusen, Eintracht Frankfurt and multiple Premier League clubs are also interested. (Sky Sports Deutschland)

- Arsenal are set to reward Ethan Nwaneri for his performances after breaking into the first-team squad by offering the 18-year-old a new five-year contract. (Daily Mail)

- Atlético Madrid see Villarreal midfielder Álex Baena as an ideal fit for Diego Simeone's squad. There will be lucrative offers from the Premier League and there have already been big-money approaches from Saudi Arabia. Over €50m will be required to complete a move with the 23-year-old having a €60m release clause. (AS)

- Juventus see former Real Madrid boss Zinedine Zidane as the perfect replacement for head coach Thiago Motta. The 52-year-old played for Juve for five years, winning the Scudetto twice. (Gazzetta dello Sport)

- Nottingham Forest, strongly positioned to qualify for the Champions League, could smash their transfer record by making a move for Wolves forward Matheus Cunha. The 25-year-old, valued at £63m, is also being tracked by Arsenal. (TBR)

- Forest will also make a new offer for Juventus midfielder Douglas Luiz, having failed to get a deal done in January. The Serie A club will look to recoup the €50m they paid Aston Villa to sign the Brazil international last summer. (Tuttosport)

- Napoli will look to sign Edon Zhegrova from Lille as the long-term replacement for Khvicha Kvaratskhelia, who joined PSG in January. The 25-year-old, valued at around €20m to €25m, is a Kosovo international who has also played for Genk and FC Basel. (Corriere dello Sport)