Transfer rumours, Wednesday August 29, 2012: Newcastle, Manchester United, Arsenal, Manchester City, Chelsea, Tottenham, Stoke, Swansea, Crewe, Aston Villa, Queens Park Rangers, West Brom, Middlesbrough, Fulham, Celtic, Motherwell

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WAYNE Rooney, 26, fears Manchester United are preparing to offload him for £40millon – Daily Mirror

England winger Theo Walcott has rejected a new Arsenal contract and could be sold for £15million with Manchester City and Liverpool favourites to sign the 23-year-old – The Times

Former Chelsea strikers Didier Drogba, 34, and Nicolas Anelka, 33, could be sold by Shanghai Shenhua because of an escalating row among the Chinese club’s shareholders – Guardian

Turkish club Fenerbache are preparing an £8million bid for Chelsea midfielder Michael Essien, 29, and have enquired about his Portuguese team-mate Raul Meireles, 29 – Daily Mail

Newcastle will only accept offers for Argentine defender Fabricio Coloccini, 30, Ivorian midfielder Cheick Tiote, 26, or French playmaker Yohan Cabaye, 26, if they are too good to turn down – Independent

Tottenham have been warned they may miss out on 22-year-old France international midfielder Yann M’Vila after having a £12m bid rejected earlier this summer – Daily Telegraph

Tottenham manager Andre Villas-Boas wants to sign 25-year-old Portugal midfielder Joao Moutinho from Porto and Russia striker Alan Dzagoev, 22, from CSKA Moscow, but could lose Jermain Defoe, 29, and Rafael van der Vaart, 29 – Daily Mirror

German club Hamburg hope an offer of around £9million will be enough to tempt Tottenham to sell midfielder Van der Vaart – Daily Mail

Dimitar Berbatov’s agent is due in Florence to secure the 31-year-old Bulgarian’s switch from Manchester United to Fiorentina – The Sun

Stoke City manager Tony Pulis is hoping to revive his loan deal for Tottenham midfielder Tom Huddlestone, 25 – Stoke Sentinel

Swansea are to make a £2million bid for Crewe midfielder Ashley Westwood, 22 – Daily Mail

Aston Villa boss Paul Lambert is considering a move for 30-year-old Southampton striker, and namesake, Rickie Lambert – Daily Mirror

SPL side Celtic are eyeing a move for Motherwell winger Chris Humphrey, 24, with Neil Lennon expecting to pay £200,000 – Daily Record

QPR and West Brom are tracking Argentine Cristian Ansaldi, 25, who is currently on the books of Rubin Kazan – The Sun

Paul Lambert is paying £2.75million to take Middlesbrough left-back Joe Bennett, 22, to Aston Villa – Daily Mail

Fulham have made a £6.5million bid for Lyon striker Bafetimbi Gomis, 27, who was a target for Newcastle – Daily Mail