We'll be keeping you as up-to-date as possible on the latest transfer talk in On The Move. You can catch the morning newspaper gossip in Paper Round, read up on all the Latest Transfers and then follow the developing stories in our constantly updated transfer blog here:
19.00pm Owen to United is confirmed, he's been pictured in the shirt and with a scarf. Angry scenes on message boards on Soccernet and among United and Liverpool fans. Owen's success with his brochure may yet give rise to a new trend.
17.50pm Seville striker Luis Fabiano looks as though he is close to joining AC Milan after his agent stated that "he cannot let an opportunity of this size pass him by".
17.18pm Chelsea have confirmed that they have signed Manchester City starlet Daniel Sturridge on a four-year contract, with the fee to be set by a tribunal as neither club can come to an agreement.
16.56pm Franck Ribery has apparently skipped a training session with Bayern, as he is desperate to make the move to Real Madrid.
16.49pm Galatasaray are strengthening and have confirmed the double signing of Atletico Madrid goalkeeper Leo Franco and Lyon winger Abdul Kader Keita.
16.35pm Arsenal have announced that Kieran Gibbs has signed a new long-term contract extension with the club. Adding to Jack Wilshere and Aaron Ramsey.
16.23pm Manchester United starlet Rodrigo Possebon has joined Sporting Braga on loan and immediately declared his love for the Estádio Municipal, which is built into a mountain. "I've never seen anything like it," said the 20-year-old.
15.56pm After a big 'get stuffed' from Chelsea in their pursuit of John Terry, Manchester City have now turned their attention to Valencia defender Carlos Marchena
15.13pm Patrick Vieira's agent has opened the door for a return to England after the Inter midfielder's move to PSG broke down. Roland Courbis says Vieira needs to play regular football ahead of next year's World Cup.
14.28pm Newcastle United winger Jonas Gutierrez insists he has not been contacted about a possible loan move to Porto, in his continued bid to instigate a loan move to Porto.
13.45pm Wolves have completed the signing of Sunderland utility belt, sorry, man, Greg Halford. Mick McCarthy is a busy man this week isn't he?
13.15pm Dynamo Kiev have offered Andriy Shevchenko an escape route from Chelsea. The Ukrainian champions want Shevchenko to come back as a player initially, then become a coach, and presumably educate youngsters how not to live up to a massive price tag.
12.47pm Bayern Munich haven't given up hope of signing Chelsea right-back Jose Bosingwa. Chairman Karl-Heinz Rummenigge says the book "isn't closed". Whether the Portuguese chooses to open that book is another matter.
12.15pm Linvoy Primus has penned a one-year extension at Portsmouth, but don't expect to see the veteran defender anywhere near the first team, he's staying on purely as a "mentor" to the youngsters, and so he can qualify for a testimonial. Who said there's no sentiment in football?
11.25am Former Man City midfielder Dietmar Hamann is ready to snub Hull CIty for a move to 1860 Munich. And why not? Meanwhile, Salif Diao is set to sign a one-year extension to his Stoke City contract.
10.45am Arsene Wenger has been busy this morning. Not content with fluttering his eyelids in Marouane Chamakh's general direction, the Arsenal manager now says he's confident Emmanuel Adebayor will still be a Gunner next season.
10.18am PSV want to complete the signing of Jan Vennegoor of Hesselink after he left Celtic.
9.58am AC Milan have made a 14m euros bid for Sevilla's Brazil international striker Luis Fabiano after missing out on Edin Dzeko, and Emmanuel Adebayor. He'll probably cost a bit more than that.
9.43am Reports from Italy claim that veteran Italian striker Christian Vieri is going to join Blackburn. What a result for the Rovers... not!
9.33am Niall Quinn has dismissed suggestions central defender Anton Ferdinand could be sold this summer.
9.23am More Gunners' news as Wenger is keen on Bordeaux striker Marouane Chamakh and also confirmed he was tracking Karim Benzema before his move to Real Madrid.
9.00am Barcelona president Joan Laporta has claimed he is interested in bringing Cesc Fabregas back to Camp Nou. Unsurprising, but Cesc still has to make up his mind.
8.40am Michael Owen, Michael Owen, Michael Owen. No, not Stoke, Hull or Olympiakos, but Manchester United. He'll complete a full medical later before completing his surprise free transfer switch.