ARSENAL: RIBERY IN, REYES OUT

Arsenal's Reyes was yesterday pictured posing in a Real Madrid shirt, increasing the likelihood of him signing for them according to the Mirror. That would surely finish off Ronaldo's hopes of a move to the Bernabeu.

From the Mirror:

Real Madrid plunged Arsenal's Champions League ambitions into turmoil last night as the Bernabeu club insisted they will hold transfer talks over Jose Antonio Reyes this week.

Real's belief that the player will join them for around £9m before the start of the new term is unshakable. Sources close to Real president Ramon Calderon maintain that sporting director Pedrag Milosevic will hold transfer talks with Arsenal in the next 48 hours.

And with Reyes determined to quit north London to return to his homeland, Arsenal know that the fee they can demand for the 22-year-old will be severely reduced if he is ineligible to play for the Spanish giants in the Champions League.

It leaves Wenger and the Gunners board in a quandary as they weigh up the merits of putting the club's prospects of taking part in the group stage - worth a minimum £15million - against the potential loss of cash from a transfer. Real believe that, irrespective of Wenger's insistence last night that Reyes does not want to leave, Arsenal are ready to talk terms.

From the Guardian:

Arsenal will this week tie up the signing of the Marseille and France midfielder Franck Ribéry in a deal that is expected to cost the Gunners a minimum £13.5m.

Although sources close to the player insisted yesterday that nothing has been finalised, his agent Bruno Heiderscheid declared on Sunday that "a transfer offer for Franck" would be "registered with [Marseille's chairman] Pape Diouf within 24 or 48 hours." That offer is from Arsenal and this morning's edition of France Football, a publication close to Wenger, confirms the move.