Transfer Speculation: Arbeloa, Itandje, Fernandez

Alvaro Arbeloa

Real Madrid have made a five million Euros bid for Alvaro Arbeloa claims today's Echo. Rafa Benitez yesterday claimed he would like for the player to stay at Anfield stating the player had "a very good season but he has one year left on his contract,” said the Reds boss. “If he signs that will be good because we will have more competition," however Rafa admitted that "if we get a good offer we will have to consider it.”

The deal is worth £4.2m at current exchange rates and the article claims "Benitez is holding out for £5m pounds, and with Arbeloa's agent, Manuel Garcia Quilon, at the Bernabeu yesterday to facilitate the move, a deal looks imminent."

Real Madrid director, Jorge Valdano speaking to Spanish newspaper 'AS' said:

"The lad only has a year left on his contract with Liverpool, and this gives us more possibilities. He can play in two or three positions, and this versatility is good. He is another option to evaluate."

Reported by Sky Sports, Arbeloa has spoken about Real Madrid to Spanish newspaper 'Marca':

"I am especially proud of what the club is doing," said the Spain defender, who is in South Africa for the Confederations Cup. It is a big project with the return of Florentino (Perez) - and obviously if Madrid is fixed on you it makes you proud. I would be lying if I said I was sure to start the season with Liverpool. I'll be able to think about all this by next Monday."

Charles Itandje

Malaga are reported to be interested in signing reserve keeper Charles Itandje. Scouts have reported positive feedback and an official move is now expected to be made, claim Sky Sports.

Leandro Fernandez

Liverpool are interested in Dynamo Moscow defender Leandro Fernandez reports website football. The article says the "Reds and Lazio have both held preliminary talks with Dynamo." But the club is "reluctant to let the Argentine leave for less than £8.5million."