Real Madrid warn PSG over $1.1bn Ronaldo release clause

Every day we'll bring you the very latest tabloid rumors as the biggest clubs around look to splash the cash to bolster their rosters. True or not, they're always entertaining...

Paris Saint-Germain have been told that they will have to pay 1 billion euros ($1.1bn) to prise Cristiano Ronaldo from Real Madrid.

The French Ligue 1 club had been linked with a move for the 30-year-old this summer, and were rumored to have made a last minute offer of 110m euros ($124m) for the striker.

However Real Madrid president, Florentino Perez, has warned PSG that they will have to smash the world record transfer fee in order to sign the Portuguese captain.

Florentino Perez told Spanish radio: "If PSG want Cristiano Ronaldo it's simple: they have to pay the 1 billion euros release clause."

Rumours of Ronaldo's possible exit from the Bernabeu began to surface with reports that the former Manchester United man was unhappy with Rafa Benitez and his training methods.

Neymar is set to open contract talks with Barcelona over doubling his salary and making him the club's second highest-paid player behind only star striker Lionel Messi.

The Brazilian, 23, was linked with Manchester United in the summer transfer window and reportedly told friends that he was considering a move to Old Trafford.

However, Barca believe that this is purely a negotiation tactic as Neymar's father looks to double his son's after-tax salary to over £200,000 ($308,000) per week.

The 23-year-old has a clause in his current contract, signed in summer 2013, that states his contract must be renegotiated in its third season. Neymar's next deal at the Nou Camp could run until at least 2020.

Everton chairman Bill Kenwright insists the Toffees are not a selling club and never have been, after fending off interest in John Stones, Leighton Baines and Kevin Mirallas in the summer.

Chelsea bosses have insisted they have learned from Josh McEachran's time at Stamford Bridge after the player failed to make the grade at the club.

McEachran, 22, insisted that he had to leave the Blues in order to save his career, ahead of signing for Brentford in the Championship this summer.

Arsene Wenger has told anxious Arsenal fans that simply signing players is not a magical solution to all of their problems and has called on them to back the players who are already at the club.

Derby head coach Paul Clement has confirmed he has enquired about Manchester United striker James Wilson.

Burnley have formally requested the Premier League sets up a compensation committee to establish the fee Liverpool must pay for Danny Ings.

Aston Villa boss Tim Sherwood is convinced he has a bargain after Liverpool stunned him by letting Tiago Ilori leave on loan.

Watford new-boy Victor Ibarbo has had to leave England to sort out visa problems. The Colombia international forward, 25, was signed 10 days ago on loan from Roma.

Mark Hughes is ready to bring contract rebel Jon Walters in from the cold. The Stoke forward is set for a recall at Arsenal on Saturday.

Bournemouth are to hand striker Yann Kermorgant a new contract.

Free agent striker Shola Ameobi will sign a contract with Huddersfield for the rest of the season.

Crystal Palace insist Mile Jedinak still has a future at the club after the collapse of a deadline day move to Stoke.

Sunderland forward Duncan Watmore has become only the second Premier League player to receive a first-class honours degree - in Economics and Business Management.