Former manager Kevin Keegan has told close friends he would return to Newcastle as soon as Mike Ashley sells the club. (Daily Express)

Sunderland chairman Niall Quinn has prepared a three-year business plan in a bid to convince boss Roy Keane he should stay at the club. (The Sun)

Manchester City boss Mark Hughes has made signing Blackburn striker Roque Santa Cruz his top priority in January. (Daily Mirror)

Wigan boss Steve Bruce is hopeful of signing loan striker Amr Zaki on a permanent deal from Cairo side Zamalek. (Daily Mirror)

Ipswich are interested in signing crocked Portsmouth striker David Nugent, who has just had a second hernia operation. (Sun)

James Milner insists he is not frustrated at playing a bit-part since his £12million move to Aston Villa from Newcastle. (The Sun)

Charlton Athletic could become the latest club in English football to move into foreign ownership after receiving a cash offer from a group of Dubai-based investors. (Various)

Pompey chief executive Peter Storrie believes the days of massive transfer fees could be over as football begins to feel the full effects of the credit crunch. (The News, Portsmouth)

West Ham owner Bjorgolfur Gudmundsson has assured the club's board that he is not going to sell, despite claims he has lost more than £300m in the Icelandic banking crisis. (Daily Express)

Chelsea owner Roman Abramovich is said to have lost £12bn on the Russian stock exchange. He saw his fortune dwindle as the value of two of his companies, steelmaker Evraz and mining company Highland Gold, plunged on the Moscow-based index. (Press Association)

But Abramovich's advisers played down suggestions that the Chelsea owner's personal wealth has been badly affected by the stock market crash. (Daily Telegraph)