Alexis Sanchez is demanding £400,000 a week to stay at Arsenal, the Daily Mirror claim.
The Chilean’s contract expires next year and there has been speculation that he will be sold unless he agrees to sign a new deal.
The Mirror say he has been offered £275,000 a week by Arsenal but is looking for significantly more.
Sanchez continues to be linked with Manchester City, but Arsenal boss Arsene Wenger has insisted the club will not sell to a Premier League rival.
Meanwhile, Manchester United are ready to use Wayne Rooney as a makeweight in a move for Romelu Lukaku, again according to the Mirror.
The Mirror say United boss Jose Mourinho “believes Rooney could be the key to prising the Everton striker away from Chelsea’s clutches.”
Former Chelsea man Lukaku has been tipped to return to Stamford Bridge this summer, but United have also been linked with the Belgian.
Rooney has recently been linked with a return to Everton, who sold him to United 13 years ago.
The Mirror also say Chelsea’s Nathaniel Chalobah is in talks about a permanent move to Watford.
Chalobah, who was previously on loan with the Hornets, is reported to have been told Blues boss Antonio Conte is unable to offer him first-team football.
Newcastle want Ruben Loftus-Cheek, the Daily Mail say.
The promoted Magpies are said to be keen to take Loftus-Cheek on loan from Chelsea, where his first-team opportunities have been limited.
A number of other clubs, including Brighton and West Ham, have been linked with the midfielder in recent months.
And Chelsea have renewed their interest in Swansea’s Fernando Llorente, according to The Times.