Hull City have emerged as the surprise sportsbook betting favourites to sign Newcastle United striker Michael Owen.
The former Liverpool and Real Madrid forward is out of contract at St James' Park at the end of this month and seems certain to be leaving the Magpies at some time this summer.
Meanwhile, Manchester United striker Fraizer Campbell is still to decide whether to move to the Tigers.
Campbell, who spent the 2007-08 on loan at the KC Stadium will not announce his decision until after the European Under 21 Championship in Sweden finishes later this month.
Manchester City goalkeeper Joe Hart is on the verge of agreeing a season-long loan switch to Birmingham City.
The 22-year-old was Mark Hughes' first-choice shot-stopper in the first half of last term but made way for Shay Given when the Republic of Ireland international moved to Eastlands from Newcastle United in January.
Chelsea striker Didier Drogba fully expects to still be at Stamford Bridge when the new season kicks off.
So far this close season, the 31-year-old frontman has already seen his name linked with Internazionale, where he would be reunited with former Chelsea manager Jose Mourinho.
But the Ivory Coast striker claims he has every intention of at least seeing out the remainder of his Blues contract which still has 12 months left to run.
Xabi Alonso has refused to rule out the possibility of leaving Liverpool this summer.
The Spain international was expected to leave Anfield 12 months ago when Reds boss Rafael Benitez attempted to sign Aston Villa midfielder Gareth Barry.
Alonso ultimately stayed on Merseyside and saw his stock rise on the back of an impressive season.
That has led to suggestions that Juventus and Real Madrid could be back in for the midfielder and Alonso is remaining non-committal on his future.
In cricket, South Africa captain Graeme Smith will be sidelined for three months after deciding to finally undergo surgery on an elbow problem.
The left-handed batsman has battled a chronic tendonitis problem for the past 12 months but will finally go under the knife following the Proteas' semi-final exit at the ICC World Twenty20.
In rugby union, British and Irish Lions head coach Ian McGeechan has called England prop Tim Payne in to his squad for the remainder of the tour of South Africa.
Payne has been drafted in as cover for fellow England prop Andrew Sheridan, who is currently struggling with the back problem he picked up in Tuesday's tour match against the Southern Kings.
In rugby league, Wigan Warriors have failed in a bid to bring New Zealand national coach Stephen Kearney to the JJB Stadium.