Transfers: Arsenal, Chelsea, Man United, Reading, AC Milan

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ARSENAL flop Andrey Arshavin could be heading back to Zenit St Petersburg after the Russian club claimed they were in negotiations over a loan move – Sovetsky Sport

Former Chelsea manager Carlo Ancelotti is interested in taking Frank Lampard across the Channel to Paris Saint-Germain – Daily Mirror

Arsene Wenger is considering splashing out £55million on German duo Mario Gotze and Lukas Podolski as he looks to reinvigorate Arsenal’s attack – Bild

AC Milan have joined Manchester United in the race to sign £17m-rated Benfica midfielder Javi Garcia – talkSPORT

Reading striker Mathieu Manset is set to join countryman Nicolas Anelka at Shanghai Shenhua after the Chinese outfit made an approach to take the hitman on loan – Daily Mail