Paper Round: Manchester United want £50m Marko Arnautovic

Manchester United are interested in West Ham forward Marko Arnautovic. The 29-year-old Austria international joined West Ham from Stoke and has caught the eye of Jose Mourinho, who is rebuilding his side over the summer to challenge for the Premier League title. However, West Ham are reluctant to sell and a £50m price tag has been set.

Paper Round's view: Mourinho and Arnautovic had a difficult relationship when the two were at Inter Milan, but there does appear to be some degree of respect between the two still. However, if this move is really true, it smacks of Mourinho aiming for players that he can trust, rather than the very best players available in the market. Either way seems a risk: Arnautovic has never shown the quality to achieve at the very highest level.

Bayern Munich striker Robert Lewandowski has told the club that he wants to leave in the summer, and has hired Pini Zahavi as his agent in order to broker a move away. Zahavi told the press: "Robert believes he needs a change and a new challenge in his career, Bayern officials know it." Chelsea want to sign him regardless of their next manager, with Paris Saint-Germain and Real Madrid also considering a move for the 29-year-old Pole.

Paper Round's view: Lewandowski is probably the best traditional number nine in the world. For Real Madrid, he would prove a suitable replacement for Cristiano Ronaldo. For Paris Saint-Germain, he might be a decent replacement for either Edinson Cavani or Neymar. But for Chelsea, he would be a demonstrable upgrade on Alvaro Morata, who has struggled in his first season in England, and would be a world class talent to pair with Eden Hazard.

Liverpool have made their first bid for Lyon forward Nabil Fekir. They have offered 60 million euros for the 24-year-old France international striker, who will soon be at the World Cup. That might not be enough to persuade the French club to let him go, though. Lyon are in a comfortable financial position and have the windfall from next season's Champions League competition to come, so they feel little urgency over agreeing a deal.

Paper Round's view: Fekir is a promising and already occasionally brilliant player, who overcame serious injury to be Lyon's best performer last season. They are also probably right to wait for any deal to be included. A poor World Cup won't affect his asking price, but should he be at the heart of any success for the French national side, then Lyon would be able to ramp up their demands by millions.

Everton had been thinking of bidding for Patrick van Aanholt, a player that former manager Sam Allardyce had managed at both Sunderland and Crystal Palace. Despite Allardyce's departure, Everton may still be interested considering his impressive performances for Palace. The club are worried that they have no long-term successor for Leighton Baines, who is 33 and with an increasingly patchy injury record.

Paper Round's view: Baines has been a superb, reliable left-back for much of his time at Everton, but there are few full-backs who are capable of performing into their mid-thirties without exceptional luck and dedication. The injuries suggest that luck is deserting Baines, and Van Aanholt is both young enough to hold down a position for a few years, and has the Premier League experience to make sure he should fit in quickly.