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Transfer rumours and paper review – Thursday, December 29: Arsenal identify Sanchez replacement, Everton set for £45m spending spree

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Here are the top transfer-related stories in Thursday's newspapers...

Arsenal are lining up a move for Borussia Dortmund forward Marco Reus should Alexis Sanchez leave over his contract dispute. (Daily Mail)

Arsenal will consider offers for out-of-favour full-back Carl Jenkinson next month. The defender has recovered from a long-term knee injury and has made five starts for the club this season. But he is set for a move away from the Emirates Stadium next month, with the Gunners ready to listen to permanent or loan offers for the right-back.