Here is all of Friday’s transfer gossip and paper talk...
Roman Abramovich is ready to concede his £50million gamble on Fernando Torres has failed, with the Chelsea owner planning to ditch the Spanish striker and step up his pursuit of Atletico Madrid sensation Radamel Falcao. (Daily Mail)
And Chelsea expect to finalise the £4.5m signing of Brazilian right-back Wallace, 18, over the weekend. The Blues will keep him at Stamford Bridge rather than loan him back to Fluminense. (Daily Mail)
Stewart Downing has been told he can leave Liverpool in January. The winger is not part of manager Brendan Rodgers’ first-team plans, and the Kop boss wants to get the £70,000-a-week winger off the wage bill to free up some cash for new signings. (Daily Mirror)
Robbie Keane is poised for another Premier League loan move - with a return to Aston Villa on the cards. (Daily Mirror)
Schalke sporting director Horst Heldt has revealed that the club are working hard to convince Lewis Holtby and Klaas-Jan Huntelaar to remain in Germany and shun interest from the Premier League. Arsenal and Everton are keen on German international midfielder Holtby, while Huntelaar is wanted by Liverpool and Tottenham. (Daily Mirror)
Everton manager David Moyes was among scouts monitoring Molde defender Vegard Forren during Norway’s 2-0 win over Hungary on Wednesday. (Daily Mail)
And here are the latest tales from talkSPORT.co.uk...