Speculation continues to swirl around the future of Manchester United and its manager David Moyes, with the Sun suggesting graduates from The Class of 92 are being lined up to front a £2bn takeover of the club "backed by Arab oil cash". Earlier this month, Gary Neville, Ryan Giggs, Paul Scholes and Nicky Butt were rumoured to be plotting the purchase of non-league Salford City FC in the hope of establishing it as an academy to develop young players, so these latest rumours indicate quite a leap in ambition. Quite where Phil Neville, a card-carrying member of the gang who is an assistant to Moyes, fits into the equation remains to be seen. We're not so sure it's a deal the Glazers would have much truck with, but if the price is right ... who knows?

Jamie Jackson, the Guardian's "Reni" hat and Kappa tracksuit-wearing man on the Manchester football beat, reckons another bad performance against Aston Villa this Saturday will "further cast Moyes as a moribund man walking towards what could prove the final reckoning". The Rumour Mill doesn't know if football scribe Duncan Castles wears a Reni hat, but he's certainly been responsible for a scoop or two in his day and writes that "Manchester United's senior hierarchy is "evaluating all possibilities as it attempts to arrest the club's steep descent under David Moyes". One of those possibilities? Handing the Scot his P45, rolling him up in that "The Chosen One" banner and bundling him out the Old Trafford exit door before appointing somebody from their Big List of Potential Replacements to get the club back on track.

Meanwhile in the Telegraph, it's reported that the Arsenal hierarchy also have concerns. They're worried Arsène Wenger might decline to ink a new deal and choose instead to walk off into the sunset, leaving them facing similar levels of upheaval currently being experienced by their good friends at Old Trafford.

It could be a long summer.

The Lazio central midfielder Ogenyi Onazi is wanted by Spurs and Liverpool. The 21-year-old Nigerian learnt his trade playing with such exotic sounding teams as El Kanemi Warriors and My People FC before moving to Rome, where he has made 32 appearances for the Biancocelesti this season.

Real Madrid have decided to muscle in on some Luke Shaw action, in a state of affairs that probably won't go down so well in Old Trafford or Stamford Bridge. Manchester United and Chelsea suits have been engaged in an unseemly tug-of-love over the young Southampton full-back's affections. The London club have also been giving Rumour Mill regular and Atlético Madrid striker Diego Costa the glad eye and could shell out £40m to convince officials at the Vicente Calderón Stadium to let him leave the Spanish league leaders this summer.

Having just returned to training after being sidelined with a back injury since the end of January, Tottenham's Romanian centre-half Vlad Chiriches is being linked with a summer move to Borussia Dortmund. Should he head for the Bundesland of North Rhine-Westphalia, Spurs may offer his dressing-room peg to the Swiss striker Josip Drmic, a right-winger and striker who has scored 15 times for Nürnberg in the Bundesliga, including both goals in the crucial win over Stuttgart last night. Arsenal are also prepared to give the 21-year-old a home in north London.

And today's Rumour Mill goes full circle to Old Trafford, where the Mirror reports that "Manchester United are close to agreeing a deal for highly-rated Benfica centre-half Ezequiel Garay" as part of "a summer shake-up" that could register 9.5 on the Richter scale. A native of Rosario, Sante Fe in central Argentina, Garay made his way to Benfica via Newells Old Boys, Racing Santander and Real Madrid. The release clause on the 27-year-old Argentina international's contract is €20m but as there's just a year left on that particular legal document, United are hoping they can get him for considerably less.