Transfer rumours and paper review – Wednesday, May 18: Manchester City want £30m winger to kick off Guardiola era, West Ham turn to Benteke?

Here are the top transfer-related stories in Wednesday’s newspapers and online…

Manchester City are ready to make £30million-rated winger Leroy Sane the first signing of the Pep Guardiola era. Bayern Munich boss Guardiola, who takes over at City this summer, has hailed Sane as the most exciting young talent in German football. (Daily Mirror)

West Ham have had a record £31million bid for Lyon striker Alexandre Lacazette rejected. The 24-year-old France international, who scored 23 goals this season as his club finished second behind Paris Saint-Germain in Ligue 1, is one of several names on the Hammers’ shopping list as they try to land a high-class frontman for next season’s move to the Olympic Stadium. (Daily Mirror)

West Ham are now ready to turn their attention to Christian Benteke — who is another long-term target for Slaven Bilic. The club hope Liverpool may agree to a loan deal for the unwanted Belgian. (The Sun)

Theo Walcott will have showdown talks about his future – but Arsene Wenger will make it clear he is not for sale. Arsenal boss Wenger is planning a shake-up of his squad this summer but pacy forward Walcott remains firmly in his plans. (Daily Mirror)

Arsenal have submitted a huge offer to sign Alvaro Morata in the summer transfer window. Morata, 23, notched up 11 goals and 10 assists for Juventus this season but is being heavily linked with a move to the Emirates. (Metro)

Rafa Benitez wants to ‘hit the ground running’ after verbally agreeing to stay on as Newcastle manager in the Championship and spent Tuesday working on a list of transfer targets. (Daily Mail)

Tomas Rosicky hopes to put himself in the shop window if he appears for Czech Republic at the European Championship finals next month. The midfielder will be a free agent this summer, having left Arsenal on Sunday after ten years at the club. (The Times)

Claudio Ranieri has launched a bid to bring £15million-rated Ajax goal machine Arkadiusz Milik to Leicester. Foxes boss Ranieri is in talks with the Amsterdam club over a deal that could significantly boost the new Premier League champions ’ firepower. (Daily Mirror)

Everton have been offered Swiss coach Lucien Favre – who is big pals with Arsene Wenger. The 58-year-old has held discussions with Goodison officials and is now among the contenders to succeed Roberto Martinez. (The Sun)

Liverpool striker Mario Balotelli is wanted by Espanyol. The maverick Italy international has spent the season on loan at AC Milan but has not impressed. (Daily Star)

Swansea are planning to make Junior Hoilett their first signing of the summer on a free transfer. Canadian international Hoilett is out of contract at Queens Park Rangers and the Championship club are happy to offload the winger, who is on £45,000 a weekthanks to a deal signed when they were in the Premier League. (Daily Mirror)

And here are the latest headlines…​

Bournemouth boss Eddie Howe blasts ‘bizarre’ timing of West Ham’s double bid for Matt Ritchie and Callum Wilson

Edinson Cavani weighs up Paris Saint-Germain contract extension with Arsenal and Manchester United waiting in the wings

Liverpool FC transfer report: Trabzonspor lead the race to sign Anfield flop Samed Yesil

Arsenal FC transfer report: Lyon prepare Mathieu Debuchy swoop

Manchester United transfer news: Long-time target Nicolas Gaitan closing in on £35m move… to Atletico Madrid!

Wojciech Szczesny: Roma deal in doubt as Arsenal demand £15m for goalkeeper after loan spell

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