The Daily Echo brings you a round-up of the transfer gossip making the headlines in today's newspapers...

Saints are plotting an £8m move for Valencia midfielder Éver Banega (Daily Star).

The Argentine international, 24, is under contract at the Mestalla until 2015, having signed a new deal 18 months ago.

Valencia’s former president, Manuel Llorente, has hailed the player as “one of the great talents in Spanish football”.

Banega made 40 appearances for his club last season, scoring four times.

As well as his football, he is also known for a rather unfortunate run of luck when it comes to his cars. Early last year, he suffered a broken ankle that kept him out for six months, after forgetting to put the handbrake on his car, which led to it rolling back onto his foot while he was filling up at a petrol station.

Then, last summer, his brand new Ferrari went up in smoke because of a “short circuit”.

Manchester United are ready to spend a world record £85m to sign Tottenham’s Gareth Bale (The Sun).

United boss David Moyes is refusing to give up hope of signing Barcelona midfielder Cesc Fàbregas (Daily Star).

Everton will make Leighton Baines their best-paid player in a bid to stop him joining Manchester United (Daily Mirror).

Manuel Pellegrini’s appointment as Manchester City boss is being held up by a contractual issue with his former club, Malaga (Daily Mirror).

Chelsea are set to bid £45m for Napoli striker Edinson Cavani (Daily Express).

Chelsea will not enter a bidding war for Cavani, and have instead turned their attentions to Borussia Dortmund’s Robert Lewandowski (Telegraph).

Manchester City are going head-to-head with Real Madrid for... Edinson Cavani (Daily Star).

Hull are set to sign Wigan defender Maynor Figueroa on a free transfer (Various).

Swansea are keen to sign Espanyol defender Jordi Amat (Various).

Stoke have tabled a £3m offer for PSV Eindhoven left-back Erik Pieters (Daily Mail).

Norwich and Fulham are interested in Sporting Braga defender Elderson (Daily Mail).

Sunderland want to bring Brazilian striker Paulinho to the Stadium of Light (Telegraph).