Transfer rumours Friday July 20, 2012: Tottenham, Manchester City, Manchester United, Liverpool, Arsenal, Chelsea, Queens Park Rangers, Blackburn, Queens Park Rangers, Birmingham, Leeds, Dundee

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REAL Madrid will not pay more than £27million for Luka Modric, 26, despite Tottenham revealing they will let the Croatian playmaker leave for £35million – Daily Mirror

Spurs are eyeing Malaga’s Spain midfielder Santi Cazorla, 27, as a replacement should Modric leave White Hart Lane – talkSPORT

Tottenham have also begun negotiations to bring Lyon and France goalkeeper Hugo Lloris, 25, to White Hart Lane but the move has stalled as the French club are demanding £16million – Daily Mirror

Manchester City and Zenit St Petersburg have been alerted to Martin Skrtel’s possible disenchantment with Liverpool after the defender revealed that contract extension talks with the Merseyside club had stalled.

– The Times

QPR are trying to secure a work permit for Junior Hoilett before signing the 22-year-old forward, who is out of contract at Blackburn – Daily Mail

Arsenal boss Arsene Wenger will send his scouts to watch Brazilian midfielder Ganso, 22, in his country’s London 2012 warm-up game with Team GB on Friday – Daily Mirror

But Wenger will refuse to sell star striker Robin van Persie, 28, to rivals Manchester United – The Sun

However, Arsenal have lined up Athletic Bilbao striker Fernando Llorente, 27, if Van Persie leaves the club.

Qatari side Al-Sadd hope to beat Zenit St Petersburg to the signature of Arsenal forward Andrey Arshavin, 31 – Daily Mail

Chelsea are set to land another Hazard this summer as they look to sign Eden’s younger brother Thorgan, 19, from French club Lens – Metro

Liverpool manager Brendan Rodgers is hoping to sign midfielder Joe Allen, 22, from his former club Swansea for £15million – Daily Star

Manchester City are willing to offer Birmingham midfielder Foday Nabay the most attractive package for a 13-year-old ever in British football as they bid to gazump Manchester United to his signature – Daily Mail

Leeds United are keen on Dundee United forward Johnny Russell and Hearts winger David Templeton – Scottish Sun