Lampard and Cole are set to exit from Chelsea FC at the end of summer

Premier league transfer news hint at signing of emerging players during this transfer window. In Chelsea transfer news, Frank Lampard has been intimated by the new manager, Rafa Benitez, that his contract would not be renewed. Ashley Cole has also joined the list with Lampard. Monaco boss, Claudio Ranieri, is looking to sign Lampard after his contract expires.

In other Chelsea news, the Blues are looking to offer more than £20 million in a bid to sign Marouane Fellaini from Everton next month. Fellaini is currently facing a ban for head-butting Ryan Shawcross during three-off-the-ball incidents on Saturday. Radamel Falco and Theo Walcott also appear in Abramovich’s plan for revitalising Chelsea FC.

In Liverpool transfer news, the Reds were placed on alert after Anfield target, Arda Turan voiced his intentions of leaving his present club, Atletico Madrid. Brendan Rodgers is looking for a winger and Turan might serve the purpose, though the £19.5million release clause in the Turkish international’s contract might prove be the deciding factor.

In other Liverpool news, the Anfield side has joined the race for signing Valencia winger, Sofiane Feghouli after Alexis Sanchez’s agent ruled out a move to Liverpool FC. Reports suggest that the timing of the Reds interest in the left-winger was spot-on as Valencia FC was trying to extend the player’s contract.

In Arsenal transfer news, Arsene Wenger has expressed his admiration for AC Milan’s Stephan El Shaarawy skills on the football field. However, Wenger deflected a question about the transfer of the player, who might cost more than £20 million.