Premier League - Paper Round: Suarez's epic release clause

Luis Suarez can leave Liverpool - but only for an astronomical fee, according to the New Year's Day papers.

Suarez's stunning new release clause: The Sun reports that Luis Suarez has a release clause in his new contract which will allow him to walk away from the club. The only hitch for the likes of Arsenal and Real Madrid is that the release fee in question is an astonishing £120 million. Before you write such talk off as idle speculation, the source for the story is another Anfield legend, Ian Rush.

Paper round says: If the story is true, it makes total sense. That's not to say that Suarez would be worth £120m to a buying club, but that his value to Liverpool is in that sort of ballpark. There's a good chance the Uruguayan will be the difference that will put them in the Champions League for the next few seasons, which is likely to be worth at least £25m a season in prize money, TV cash and sponsorship bonuses. They'd be crackers to let him go for much less.

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Mourinho to be frozen out of January market: Jose Mourinho will have no money to spend in the January transfer window after Chelsea lost nearly £50 million in the last year, putting them at risk of falling foul of the UEFA Financial Fair Play rules. The Blues boss will also be told that he must sell before he buys in the summer.

Paper Round says: The Blues needed some clever accounting to bring their losses under the Financial Fair Play threshold - the limit on annual losses is £37m a year, and Chelsea lost £49.4m. As tough as it will be for Blues fans to see Mourinho hampered, it's good to see the new rules having some sort of tangible effect. But will the change mean that Abramovich gets bored with Chelsea? We're talking about a man who sees the club like a giant Scalextric set and who gets enthusiastic only about being able to buy a stream of cool new cars to drive round it.

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Chelsea dodge FFP bullet

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West Ham want £8m Lambert: The Hammers are to abandon their transfer policy and make an £8m bid for Southampton striker Rickie Lambert in a bid to avoid relegation, the Daily Mirror reports. With Andy Carroll's fitness still in doubt, the Hammers need to

Paper round says: It's a lot of money for a 31-year-old, but West Ham are desperate - while Lambert will take a move down the table in order to keep playing regularly, and thereby keep himself in the reckoning for a place at the World Cup.

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Palace raid for Zaha could be scuppered by red tape: Crystal Palace want to re-sign Wilfried Zaha on loan from Manchester United, who they sold the winger to this time last year. But Palace already have two players on loan from other top flight sides - the maximum allowed under league rules. Jason Puncheon (Southampton) and Cameron Jerome (Stoke) are the other players in the Palace squad right now.

Paper round says: Palace will move mountains to bring Zaha back - he was the player who sent them up in the first place, and could be the difference keeping them up. Tony Pulis will no doubt try to make a permanent deal for either Puncheon or Jerome to smooth the process.

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