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Here are the top transfer-related stories in Wednesday's newspapers and online...
Everton are challenging Southampton in the race to land Theo Walcott for £20million. Arsenal may consider letting the England forward leave this month, with Walcott on the periphery of Arsene Wenger’s first-team plans. (Daily Mail)
Manchester City have made a £20m offer for Arsenal forward Alexis Sanchez. A contract worth £13m a season until 2023 – or £250,000 a week – is understood to have been offered to Sánchez’s representatives.