Transfer Rumours May 23, 2012: Arsenal, Manchester United, Blackburn, Stoke, Tottenham, Wolves

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Arsenal will offload seven stars including Nicklas Bendtner, Denilson, Sebastien Squillaci and Johan Djourou to free up cash to bid for Blackburn’s 21-year-old winger Junior Hoilett – Daily Mirror

Arsenal will offload seven stars including Nicklas Bendtner, Denilson, Sebastien Squillaci and Johan Djourou to free up cash to bid for Blackburn’s 21-year-old winger Junior Hoilett – Daily Mirror

Arsenal have switched their attention to Toulouse captain Etienne Capoue, 23, as a cheaper alternative to Rennes’ 21-year-old Yann M’Vila as the club step up their efforts to sign a holding midfielder for next season – The Times

Arsenal will offload seven stars including Nicklas Bendtner, Denilson, Sebastien Squillaci and Johan Djourou to free up cash to bid for Blackburn’s 21-year-old winger Junior Hoilett – Daily Mirror

Manchester United have opened talks with Everton over a £12m move for full-back Leighton Baines – Daily Mirror

And United are hoping to take advantage of Rayo Vallecano’s financial problems after targeting Michu, 26, the highest-scoring midfielder in Spain last season, who could move to the Premier League for as little as £3m this summer. – Daily Mail

England striker Jermain Defoe admits he is heading into Euro 2012 considering his future at Tottenham – talkSPORT

Dynamo Kiev have opened talks over a double move for Tottenham’s Niko Kranjcar and Vedran Corluka, which could be worth up to £10m – Daily Mail

Wolves winger Matt Jarvis, 25, is a shock £5m target for Udinese – Daily Mirror

Stoke striker Cameron Jerome has snubbed an offer from Wolves to step down to the Championship and help their promotion battle – Daily Mail