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Another day, another rumor – and this morning it appears John Terry, despite his club asserting otherwise last week, could be wearing a lighter shade of blue soon, as a hefty $65m has been thrown in Chelsea's direction to capture the England captain.

Could Chelsea main-man Terry be upping-sticks for Manchester City?

Word from the rumor mills of The Daily Star, say that Chelsea owner Roman Abramovich will not be raising the skipper's $226,000-a-week paycheck, which would allowing the billionaires at Manchester City to wedge their foot in the door.

If Terry decides to join recent signings Santa Cruz and Gareth Barry at Eastlands it could make City's ambitions of breaking into the top four of the Premier League more realistic, but will Chelsea cut the umbilical cord that's been attached since 1998?

New boss Carlo Ancelotti finally takes to his Stamford Bridge throne today and top of his tasks-to-do-now-king-list will be to resolve this very issue according to The Guardian. Is Terry worth holding onto or should the Blues cash in their chips? Let us know your thoughts by adding a comment below.

Also being slapped with a $65m price tag is well-known Spaniard Cesc Fabregas, so says British tabloid The Sun.

Arsenal have finally named their price for the diminutive midfield dynamo and are now sitting back to see if Real Madrid and Barcelona will put their money where there mouth is.

The paper goes on to say that Gunners' boss Arsene Wenger is in need of some fast cash to help strengthen his title-starved squad for the coming campaign. Last week Barcelona revealed their interest in the Spanish international, but if they want to bring him home they will have to battle it out with their Madrid-based rivals who have a seemingly endless supply of the dollar bills.

Elsewhere there are reports from El Mundo Deportivo in Spain say that Florentino Perez is looking to add a dash of American to his Spanish paella of playing talent.

After helping his side to knock Spain out of the Confederations Cup, Oguchi Onyewu will become the fall back plan if Real Madrid are unsuccessful in signing Alvaro Arbeloa. The U.S. international's contract expired last month, so the transfer would not cost president Perez a penny, plus Los Merengues hope bringing Onyewu would help them tap into the large North American market.

Finally, it seems a little confession is in order today, as Franck Ribery speaks to German newspaper TZ about the frenzy surrounding his proposed transfer.

Ribery wants fans to know that he is committed to Bayern Munich, but if offers come knocking on his door, they would be discussed before any rash decisions are made. There it is ladies and gentlemen. Word straight from the horse's mouth. But is it all just a ruse to calm the growing storm?