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Transfer rumours and paper review – Wednesday, October 19: Roy Hodgson set for £8m-a-year China job? Pepe heading to Chelsea?

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Here are the top transfer-related stories in Wednesday's newspapers...

Real Madrid defender Pepe is ready to consider a move to Chelsea after his ugly contract stand-off. Portuguese hardman Pepe, 33, is a free agent at the end of the season and is able to talk to and sign a pre-contract with foreign clubs from January 1. (Daily Mail)

Pep Guardiola has insisted that he has not tried to sign Lionel Messi for Manchester City but said that if the Argentinian ever decides to leave Barcelona, he will be among those waiting in the queue for him.