MANCHESTER UNITED eye a Real Madrid starlet and prepare to sell a defender, while Manchester City and Barcelona fight over a key Arsenal player.

And Arsene Wenger is linked with a talented teenage Australian.

All that and more in Tuesday Rumour Mill!

WENGER EYES ANOTHER AUSSIE?

Arsene Wenger was linked with Tom Rogic during the recently closed window, now reports are linking Arsenal with a move for Udinese youngster Panagiotis “Panos” Armenakas, according to Tuttomercatoweb.

The attacking midfield talent, previously in Watford’s ranks, is starting to make an impression in the Under-19 in Italy, and scored on the weekend against Ascoli.

The American born but Australian raised 18-year-old has long been touted as a talent, and has been subject of scouting since his early years.

Armenakas has been seen in Australian colours at junior level, with the Sydney Olympic graduate playing at the 2015 Under-17 World Cup with the Joeys.

He extended his contract with Udinese last year, having joined the Italian club in 2014. He has also previously been at Brescia.

Control the controllables✋🏽 A photo posted by Panos (@panaldinho10) on Sep 15, 2016 at 4:00am PDT

A special moment for me on Saturday, making my professional debut for Udinese. Ever since I was a young boy I have dreamed of moments like this & I can't wait to create more memories in the future. Thank you for all the support👊🏽👊🏽⚽️ A photo posted by Panos (@panaldinho10) on Sep 6, 2016 at 1:50pm PDT

#Primavera Bella vittoria ad Ascoli per 2-1 dei ragazzi di Mister Mattiussi grazie ai goal di Armenakas e Halilovic. pic.twitter.com/RuKgOtMXNT — Udinese Calcio (@Udinese_1896) September 17, 2016

UNITED EYE ISCO MOVE, READY TO SELL JONES

Manchester United are considering a January swoop for Real Madrid midfielder Isco according to The Mirror.

The Red Devils are keeping track of Isco as manager Jose Mourinho prepares the next stage of his squad overhaul at Old Trafford.

The £25m-rated Spaniard has fallen down Zinedine Zidane’s pecking order but is on United’s radar as they pursue a player to add to their attacking creativity.

Isco is contracted at the Bernabeu until 2018, but is viewed as an attainable target mid-season target as he will reportedly be allowed to leave in the next transfer window.

Manchester City, Arsenal, and most recently Tottenham were all also keeping tabs on Isco.

Real Madrid's Isco (R). Source: Reuters

However, United flop Phil Jones is set to be sold by Mourinho in January, with Arsenal and Liverpool both interested according to The Sun.

The England defender is injured with a knee ligament problem, and United want to free up his £110,000-a-week wages while bringing in around £10 million to invest in his defence.

The 24-year-old is being monitored by the Reds and Gunners, while a United insider revealed: “Jose is looking to offload Jones. They have reached the end of the line with him.

“He cannot stay fit and that is why United tried to sign Jose Fonte from Southampton in the summer.”

Jones has another three weeks on the sidelines before he is ready to return to training, but hasn’t played in the first team since January.

Phil Jones and Zlatan Ibrahimovic. Source: Supplied

BARCA AND CITY BATTLE FOR BELLERIN

Manchester City and Barcelona are both preparing to move for Arsenal defender Hector Bellerin, with the clubs making the 21-year-old their top target according to The Mail.

City and Barca inquired about a move in the summer transfer and will again try in January, although it’s reportedly more realistic that he would sign a deal at the end of the season.

Bellerin was born in Barcelona and left the Nou Camp for Arsenal five years ago, but now the Catalan giants need a new right-back after Dani Alves’s shock departure.

Arsenal's Spanish defender Hector Bellerin (L). Source: AFP

However, City have a strong appeal with the presence of Mikel Arteta at the Etihad, who has taken up a coaching role.

Arteta helped Bellerin solidify his place at Arsenal after the pair signed for the club in the same season.

“Mikel and his wife adopted me when I arrived,” said Bellerin, in an interview in May.

“I was a kid and he has been like a father to me.

“He has been instrumental in my integration into the Arsenal.”

Bellerin has been in Arsenal contract talks for months but hasn’t extended his four-year deal that was signed in 2015 despite solidifying his spot as the club’s right-back.

Arsenal's Spanish midfielder Mikel Arteta (R). Source: AFP

LUKAKU TALKS START, BILIC TALKS STALL

Everton manager Ronald Koeman confirmed the Toffees have initiated talks with star striker Romelu Lukaku to secure his long-term future at the club, according to Liverpool Echo.

Lukaku opted not to pursue a move way from the club in the summer despite interest from some of the world’s biggest clubs.

“The club is always trying to keep their best players,” said the Blues boss.

“It’s difficult but Everton are trying to keep him at the football club.

“Romelu from the start of pre-season after the Euros was really confident for this season. It’s good that players have that ambition.

“But it always starts with your own performance. And everybody is happy to be part of Everton – that’s not so difficult at the moment.”

But the news isn’t so good for West Ham manager Slaven Bilic.

The Telegraph reported that the Hammers have postponed contract talks with their boss until he is able to turn around the club’s poor form.

West Ham are currently 18th in the Premier League with one win and four losses to start the season after a 4-2 loss to West Brom.

Slaven Bilic. Source: Getty Images

ICARDI WAS NEVER GOING TO LEAVE INTER

Mauro Icardi has revealed he never considered leaving Inter Milan despite interest from a number of Premier League clubs including Arsenal and Liverpool.

“The club invested heavily in the summer, bringing in quality players and this is an advantage for me,” he said.

“I want to win with this shirt. I want to stay here. I am comfortable in the city and I never thought about leaving this team.”