Could Cristiano Ronaldo really return to Manchester United? And if so, how much would he cost his former employer?
Could Arsene Wenger really leave Arsenal after all these years? And if so, where will he go?
Those stories lead this Tuesday edition of the B/R World Football Gossip Roundup. Inside we also have updates on Manchester City's managerial situation, a potential new MLS team in New York City and more.
Keep reading for all the details.
Paris Saint-Germain have made a "substantial offer" for Real Madrid's Cristiano Ronaldo, according to The Sun.
According to the report, the offer has prompted Manchester United to contact Real Madrid as well. United sold Ronaldo to Real for £80 million in 2009.
United are reportedly willing to offer Real £65 million and one player, probably Nani. Ronaldo would be made the club's joint-top earner with Wayne Rooney.
Paris Saint-Germain officials are "confident" they will bring Arsenal manager Arsene Wenger to France this summer, according to the Daily Telegraph.
Wenger's contract with Arsenal expires at the end of next season, but according to the Telegraph, PSG believe they can persuade him to join this summer. Wenger took over as Arsenal's manager in October 1996.
PSG's current manager, Carlo Ancelotti, is expected to become the next manager of Real Madrid, according to the report.
Manchester City director of football Txiki Begiristain has met with the agent of Malaga manager Manuel Pellegrini, who is City's preferred candidate to replace Roberto Mancini if Mancini leaves the club, The Guardian reports.
Pellegrini, 59, has managed Malaga since 2010. He previously managed Real Madrid and Villarreal among several other clubs.
Mancini, 48, has managed City since 2009, winning the FA Cup in 2011 and the Premier League title last season.
Midfielder Ilkay Gundogan (pictured) and goalkeeper Roman Weidenfeller likely will extend their contracts with Borussia Dortmund, according to German reports cited by ESPN FC.
Gundogan, 22, is currently under contract until 2015 but had reportedly drawn outside interest from several clubs. Bild reports that he will sign a new deal that will tie him to the club until 2017. He has made 25 Bundesliga appearances this season, scoring three times.
Weidenfeller, 32, has been with Dortmund since 2002. He is reportedly set to sign a deal that will tie him to the club until 2015.
Manchester City's owners are reportedly close to finalizing a $100 million deal to buy Major League Soccer franchise to be based in New York City (via The Independent).
The club would be called New York City FC and would be located in Queens. It could give City a chance to develop players and establish a presence the American market.
MLS commissioner Don Garber (pictured) said the final decision will be made in four to six weeks. New York City FC would begin playing an MLS schedule in 2016.
The agent of PSG's Argentine forward Ezequiel Lavezzi (pictured) says Lavezzi does not want a return to Serie A this summer (via ESPN FC).
Galatasaray are interested in Bayern Munich winger Arjen Robben and Manchester City defender Gael Clichy (via Daily Mail).
Tottenham plan to offer Blackpool £6.5 million for Thomas Ince (via Daily Mirror).
Juventus and Manchester City are interested in Sampdoria midfielder Pedro Obiang (via talkSPORT).
Arsenal want to replace injury-prone midfielder Abou Diaby with Southampton's Morgan Schneiderlin (via The Sun).
Liverpool are targeting London-born Sporting Lisbon defender Tiago Ilori to replace the retiring Jamie Carragher (via Daily Mail).
Djibril Cisse is considering a return to Marseille after admitting he won't play with relegated QPR in the English League Championship (via Sky Sports).