A round-up of the latest transfer speculation involving Chelsea and QPR…

Chelsea have offered Liverpool £40m for Raheem Sterling, according to The Sun.

Manchester City are keen to sign the England international but it is claimed that Chelsea have tabled what they have told Liverpool is their final offer for Sterling.

The Harlesden-raised 20-year-old has refused to sign a new deal at Anfield and has been tipped to move this summer.

He was signed by Liverpool in 2010 from QPR, who are in line for 20% of any transfer fee if Sterling joins an English club and 25% if he moves abroad.

Related West London Sport story: Sterling sale would bring QPR cash boost

Sky Sports say City have also lodged a bid in the region of £40m for Sterling, who is said to be valued at £50m by Liverpool.

Meanwhile, Jose Mourinho has been knocked back after an attempt to capture Alex Oxlade-Chamberlain from Arsenal in an exchange deal involving Petr Cech, the Daily Mirror say.

It is claimed that Chelsea manager Mourinho was keen to land the England international, 21, but that Gunners boss Arsene Wenger rejected the approach and wants to sign goalkeeper Cech for £10m.

The Daily Mail say Wenger is trying to sign Cech for £11m but that Mourinho does not want to sell to a Premier League rival and would rather the 32-year-old joined Paris St-Germain, who are apparently interested.

The Sun reports that Chelsea are planning a move for Oxlade-Chamberlain regardless of whether Cech joins Arsenal.

West Ham have moved ahead of Newcastle in a race to sign Charlie Austin, the Daily Star say.

Newcastle have been widely tipped to sign the striker but QPR, who want £15m for him, have not received an approach.

Now it is claimed that recently-appointed manager Slaven Bilic has told West Ham’s board he wants to sign Austin, who has a year left on his Rangers contract.

There has also been speculation over the future of Austin’s team-mate Matty Phillips in the wake of QPR’s relegation.

And The Sun say West Brom boss Tony Pulis is closing in on a £7m deal to sign the winger, who is keen to move on.

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