Transfer rumours and paper review with John Cross – Wednesday, November 7

Here is all of Wednesday’s transfer gossip and paper talk...

Arsenal manager Arsene Wenger admits contract talks with Theo Walcott, 23, are now "urgent" and wants to agree a deal with the forward by Christmas. (Metro)

Marouane Chamakh, 28, wants to return to Bordeaux from Arsenal after seeing his opportunities limited with the Gunners. (Daily Mirror)

Schalke striker Klaas-Jan Huntelaar is wanted by Tottenham, who could sign the 29-year-old for just £7m. (The Independent)

Manchester United manager Sir Alex Ferguson must pay £36m if he is to sign 21-year-old Porto winger James Rodriguez. (Daily Mail)

And here are the latest tales from talkSPORT.co.uk...

Tottenham’s hopes of landing Liverpool striker are dashed

Exclusive – Francis Benali urges Southampton to stick with manager Nigel Adkins

Liverpool hope Porto striker can solve shortage

Gerrard: Suarez is better than Torres

Ex-Man United keeper set for Ajax role

Exclusive – McLeish distances himself from Scotland job

Lille coach rules out making move for Joe Cole

Lille star keen on Newcastle move

Arsenal set to miss out on Serbian starlet

Juventus in pole position to land Arsenal and Liverpool target