Transfer rumours frenzy! Arsenal, Manchester City, Tottenham, Liverpool, Rangers.

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Sportingo’s Mark Apostolou pours us another round of mulled yuletide rumours.

Arsenal’s in -form French midfielder Mathieu Flamini may be on his way out of the Emirates (The Times). After successfully taking Gilberto’s place in the Gunners’ starting line-up, it appears that the former Marseille man may be considering a new challenge, with Juventus reportedly interested in the 23-year-old.

Flamini has turned down the latest Arsenal offer and as his contract expires at the end of the season he is entitled to sign a pre-contract agreement with whomever he chooses. This could come as early as next month which would leave Arsenal getting pretty much nothing for the player who arrived three-and-a-half years ago after leaving his French side in similar circumstances.

It could be that Flamini just feels he is worth a great deal more than his current contract offer but it also seems that he has the north London side over a barrel, and it may be a case of who blinks first. One thing is for sure, Arsene Wenger will not be held to ransom so this could develop into an interesting story in the coming weeks.

Former World Cup winner and World Player of the Year Ronaldo is set to be released by AC Milan (Daily Star). This news is reportedly of interest to Manchester City, Liverpool and Spurs, among others.

The Brazilian is past his best and prone to injury but the 31-year-old could still do a good job in the short term. After all he managed seven goals in 14 Serie A games last season. Obviously the small matter of his wages could prove a stumbling block but as he would be leaving Carlo Ancelotti’s side for nothing, this saving could be passed on as his salary.

Would it be a gamble? Yes indeed, but if it were only for a short-term deal it could prove a success. Just don’t let him near the pies!

It appears that Walter Smith has convinced Nacho Novo to stay at Ibrox for another couple of years after after offering the Spaniard an improved contract. (Daily Record)

This is indeed good news for Rangers, even though the 29-year-old’s first-team starts have been limited by the arrival of Daniel Cousin and Jean-Claude Darcheville. Clearly Novo still has what it takes to do well in the SPL and even if he is only used as cover it would be very useful, especially with the UEFA Cup still to play for.

Read more Tottenham rumors on the Tottenham section. – Sports blog, Football blog offering Football news

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