Crystal Palace have reportedly tabled a bid for Arsenal defender Calum Chambers.
The Daily Telegraph say Palace have offered around £16m for the 22-year-old, who was loaned to Middlesbrough last season.
The Telegraph believe Arsenal could raise up to £50m by selling fringe players this summer.
Meanwhile, Alexis Sanchez wants to join Manchester City and believes Arsenal will cave in and let the move happen, the Daily Mail say.
Gunners boss Arsene Wenger has repeatedly insisted that the club will not sell Sanchez to a Premier League rival.
The Mail say Sanchez, who has been linked with a number of other clubs, including Paris St-Germain, thinks he is likely to end up moving to the Etihad Stadium.
The Daily Mirror say Arsenal will have to break their transfer record and pay £80m if they are to sign Thomas Lemar from Monaco.
The Mail say Arsenal are ready to sell a number of fringe players in order to fund the signing of Lemar.
Newcastle are said to be interested in Kieran Gibbs and Carl Jenkinson.
The Mail also say West Brom are keen on Gibbs, who has been linked with Watford too.
West Brom apparently do not want to pay Arsenal’s asking price for England international Gibbs, which the Mail say is £12m.
Goalkeeper Wojciech Szczesny is tipped to join Juventus for £10m, while forward Lucas Perez has also been widely tipped to move on after being unable to establish himself as a first-team player.