Marko Arnautovic, the 20-year-old FC Twente striker, will be in Milan today for talks with Inter.
Arnautovic, an Austria international, is also attracting interest from Chelsea after a superb season in Holland, scoring 14 goals and inspiring FC Twente to second place.
According to Il Corriere dello Sport, Inter have offered to loan Arnautovic until January when they will pay £9m to sign him outright.
The deal is still in its early stages, though. Arnautovic only signed a contract extension last summer and could prove more expensive than Inter expect.
Daum leaves Cologne for Fenerbahce
Christoph Daum has left Cologne after being given an opportunity to return to Turkish side Fenerbahce, the Bundesliga club said yesterday.
"We are sad that Christoph Daum is leaving," Cologne chairman Wolfgang Overath said in a statement.
The 55-year-old Daum will join a side who sacked former Spain coach Luis Aragones on Monday after a disappointing fourth-place finish.
As well as his previous three-year stint at Fenerbahce from 2003, Daum also had two spells at newly crowned Turkish champions Besiktas, winning a total of three championships and one cup before signing a four-year contract with Cologne in 2006.
Valdano unaware of Ronaldo deal
Real Madrid's new director general Jorge Valdano said he was unaware of any agreement to sign Manchester United winger Cristiano Ronaldo.
It has been widely reported in Spain that a pre-agreement set up by former Real president Ramon Calderon was in place to sign the Portuguese playmaker but this was denied by the club last month.
Valdano, who was brought in to join the team of new president Florentino Perez, said when asked about the reported Ronaldo deal: "I still don't know."
"I don't know if Florentino had any physical contact with any contract that is said to exist," he added.
"I still haven't seen it."
CL trophy starts tour of Africa
Ivorian midfielder Yaya Toure took the Champions League trophy he won with Barcelona to his native Abidjan on Monday, the first stop on a three-nation tour with the club's African players.
Toure was greeted by crowds of people in Ivory Coast's main city where he also met the President.
The trophy is also due to go to Mali and Cameroon, the other African nations to produce players who helped the Catalan club beat Manchester United last week.
Many of Africa's top players play for top clubs in Europe while the game in their home nations struggles.
After Ivory Coast, the trophy will be taken to Seydou Keita's Mali and Cameroon, home country of striker Samuel Eto'o who scored the opening goal in Barcelona's 2-0 win in Rome.
Kaka requests some peace
Brazil playmaker Kaka wants to stay at Milan despite fresh interest from Real Madrid following the election of Florentino Perez as president.
"I say it for the last time, I don't want to leave Milan. In this period I prefer to stay quiet because I don't want to be misinterpreted," he told reporters yesterday.
"To the millions of Rossoneri fans I say my decision has been made. I have said I want to stay. Now please leave me in peace."
Kaka almost joined Manchester City in January for a world record fee in excess of €100 million.
Celtic eager to speak to Martinez
Celtic have requested talks with Swansea City's Spanish coach Roberto Martinez over the manager's job left vacant by Gordon Strachan.
"I had a call off their chief executive (Peter Lawwell) making me aware that they'd like to talk to Roberto," Swansea chairman Huw Jenkins told BBC Wales.
"Like I've always done I refused that until I've spoken to Roberto myself and talked things through."
Martinez, 35, took Swansea into the Championship and steered them to eighth place last season, just missing out on the play-offs.
Jenkins said he would not stand in the way of Martinez, who has been linked in the media with Premier League club Wigan, if he wanted to consider the Celtic job.
Dubai ruler to bid for Milan stake
The ruler of Dubai is preparing an offer to purchase 40 per cent of Milan for about €400 million, MF business newspaper reported yesterday.
Milan's owner Fininvest SpA, the holding company of Prime Minister Silvio Berlusconi's family, could get the offer this week, MF said.
The bid from Sheikh Mohammed bin Rashid al-Maktoum could include an option to buy the rest of Milan in two years, it said.
Milan have denied any talks were under way.
Asked in a television interview late on Monday about the sale of the club, Berlusconi said: "You, like all other journalists, are completely divorced from reality."