Transfer rumours and paper review – Thursday, July 6: Alexis Sanchez demands £400k-a-week from Arsenal, Manchester United turn to Dortmund star?

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

Alexis Sanchez is demanding a staggering £400,000-a-week to sign a new deal at Arsenal. It leaves Arsenal at a contract stand-off as they have so far offered in excess of £275,000-a-week but Sanchez holds the aces as he has got one year left on his current deal. Manchester City are keen to sign him but Arsenal are desperate not to sell to a Premier League rival. (Daily Mirror)

Manchester United are ready to focus their transfer efforts at signing Borussia Dortmund midfielder Julian Weigl after failing to land either Nemanja Matic or Eric Dier. (The Sun)

Chelsea midfielder Nathaniel Chalobah is in talks with Watford about a permanent £5m switch to Vicarage Road. England under-21 starlet Chalobah, 22, has held talks with Chelsea boss Antonio Conte, who rates him highly but was not able to give him any assurances about first team opportunities. (Daily Mirror)

Atlético Madrid are preparing to table a first formal bid with Chelsea of around £22million for Diego Costa in the hope they can re-sign the Spain striker before his scheduled return for pre-season training at Cobham at the start of next week. Costa cannot play for Atletico until January, however, because they cannot register players due to a FIFA ban. (Guardian)

French giants Paris Saint-Germain are ready to pursue a £70million move for Liverpool's Philippe Coutinho. (Daily Express)

West Ham manager Slaven Bilic is emerging as the front runner to sign Burnley striker Andre Gray for £15million. Bilic is keen to inject some pace into his squad this summer, especially with the bigger pitch at London Stadium in mind. (London Evening Standard)

Huddersfield Town are on the verge of signing Danish defender Mathias Jorgensen. The Copenhagen has played seven times for his country and could cost up to £3.5million. (The Sun)

Middlesbrough are eyeing up Newcastle star Dwight Gayle - as an alternative to Britt Assombalonga. Garry Monk wants a striker to lead Boro’s promotion charge and is battling Burnley for Nottingham Forest’s £15million-rated Assombalonga. But should Boro fail to land the City Ground ace, they are prepared to make a move for Gayle. (The Sun)

And here are the latest talkSPORT.com headlines...?

Former Rangers star Ray Wilkins has slammed the current Gers stars for their ‘absolutely disgraceful’ Europa League exit to Luxembourg minnows Progres Niederkorn

Joey Barton says Wayne Rooney's return to Everton will be a 'phenomenal move for both parties'

Neil Warnock believes Wayne Rooney’s return to Everton may spell the end of Ross Barkley’s career at Goodison Park

Joey Barton says Rangers’ defeat to Progres Niederkorn may be the ‘worst result in British footballing history in Europe’ - but insists it will be forgotten about if they finish above Celtic this season

Arsenal may have found their new Ian Wright in Alexandre Lacazette, Gerard Houllier has told talkSPORT

Rangers' embarrassing exit to Luxembourg part-timers Progres Niederkorn has been described as a 'disaster', by former Gers goalkeeper Cammy Bell

Juventus have joined Chelsea and Manchester United in the race for teen sensation Cengiz Under

Everton have reportedly lodged a big-money offer for Raul Jimenez

Chelsea defender Kurt Zouma would prefer to join a London club if he is asked to go out on loan

Manchester City and Manchester United target Douglas Costa could be back on the market with his move to Juventus on the verge of collapse