Football transfer rumours and news: Friday, May 4

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SUNDERLAND, Newcastle United, Manchester City, Liverpool, Manchester United and Arsenal are among the clubs making the news today

Newcastle and Reading are in competition to sign Barnsley’s £2m-rated 21-year-old midfielder Jacob Butterfield – Daily Mail

Fabricio Coloccini today warned Manchester City that Newcastle United are looking to wreck their title hopes – and play in the Champions League – Shields Gazette

Martin O’Neill says he is looking forward to reshaping his squad this summer, with the search for strikers top of his shopping list – Sunderland Echo

FC Twente’s 19-year-old winger Ola John, wanted by Sunderland and Aston Villa, is thought to prefer a move to Benfica, who are likely to secure his services for £9m, according to Portuguese newspaper A Bola – talkSPORT

Swedish outfit Joenkoeping Soedra have told Sky Sports that Newcastle and Valencia have not made approaches for striking starlet Branimir Hrgota – Sky Sports

Barcelona full-back Dani Alves is poised to reject interest from Manchester City and stay with the Catalan giants – talkSPORT

Manchester United are believed to be close to finalising a move for Borussia Dortmund’s Japan international playmaker Shinji Kagawa, and the 23-year-old is expected to sign a three-year deal at Old Trafford – talkSPORT

Manchester City want Gareth Bale in a £40m cash plus player(s) deal – Daily Mirror

Leeds have announced the signing of Portsmouth defender Jason Pearce as their first arrival of the summer – Sky Sports

Arsenal are facing competition from Tottenham Hotspur for Junior Hoilett as well as Jan Vertonghen and Eden Hazard – The Telegraph

Liverpool are considering a move for Manchester City’s tough-tackling Netherlands international Nigel de Jong – Caught Offside

Arsenal’s hopes of holding on to Player of the Year Robin van Persie have been boosted by the fact Manchester City have valued him at just £20m – Daily Express