Premier League - Paper Round: £200m to rebuild United

Manchester United will spend big in the summer after posting successful financial results; Barcelona are still tracking David Luiz; and Fernando could snub Manchester City for one of their rivals - here are the main stories making headlines in today's newspapers.

United to splash cash in overhaul of team: Manchester United are planning a summer of heavy spending in the transfer market after the club's latest financial results showed another "hefty jump" in commercial revenues in the second half of last year, reports The Independent. United’s chief executive Ed Woodward revealed United intend to step up their transfer activity "in a way we perhaps haven’t seen in recent years", although he added that does not necessarily mean signing a large number of players. The Daily Mirror puts a figure on the transfer kitty to be made available to Moyes - £200m - although that amount had already been reported by other newspapers earlier this month.

Paper Round's view: With so many players on their way out of Old Trafford in one form or another at the end of the season- Nemanja Vidic, Rio Ferdinand, Patrice Evra and Ryan Giggs to name just a few - United will certainly need to invest heavily to replace the lost bodies. But it will be encouraging for United fans to hear that their focus will be on quality, not quantity. All that remains is for David Moyes and his staff to identify and then convince those top targets to a club potentially without the lure of Champions League football. And that might be a big ask.

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Luiz saga to continue in summer: Barcelona's pursuit of David Luiz is set to continue this summer with the Chelsea defender again topping the Catalan club's wish list, reports the Daily Mirror. The paper claims that Barca coach Tata Martino is keen to add a centre-half and a goalkeeper to his squad and is likely to test Chelsea's resolve again over Luiz come the end of the season. The Spanish side's valuation of the player is £22m - a figure which may not be enough to tempt Jose Mourinho to cash in on the Brazilian.

Paper Round's view: Forgetting the cash for a moment - Chelsea are not the kind of club that needs to sell players to make money - is there really any way Mourinho would willingly offload one of his best players and a fan favourite to a club who he has had his fair share of run-ins with, despite having been a former employee? Unlikely.

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Fernando set for Premier League move: Manchester City target Fernando could still move to a Premier League club in the summer, according to the Daily Mail. But the Etihad may not be the final destination for the Porto midfielder, with Manchester United, Chelsea, Arsenal or Manchester City now also in the race to sign him, according to the Daily Star. City failed in a summer bid to capture the Brazilian and he penned a new deal with Porto that ties him to the club until 2017 after being threatened with being frozen out. But a buy-out clause of £25m has been included in his contract and "sources close to the player" insist he could still move in the summer, the Mail report.

Paper Round's view: Classic agent speak, this. "God willing, Fernando will play in the Premier League," his representative Antonio Araujo said."‘Manchester City were a strong candidate but were not alone in the race." In other words, City better stump up more cash if they are to beat off 'competition' from their rivals, meaning a better deal for the player and more cash for the agent. Or are we just being cynical?

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Nastasic targeted by Mancini at Galatasaray: Former Manchester City manager Roberto Mancini is considering a bid for Matija Nastasic, reports the Daily Mirror. The Serbia international may become surplus to requirements at Eastlands with City keen on signing Porto and France defender Eliaquim Mangala in the summer, and Mancini is ready to pounce, "if given any encouragement".

Paper Round's view: Mancini knows Nastasic well, having handed him his debut when in charge of City, so the interest in the 20-year-old is entirely plausible. And if City are to shake up their defence, as expected, next summer, a move to Turkey could well suit the youngster. This one may happen.

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