Former Arsenal forward Andrei Arshavin agrees a two-year deal to return to his former club Zenit St Petersburg.

Arshavin, 32, scored 71 goals in 310 matches and won the Russian premier league titles as well as the Uefa Cup in 2008 with Zenit before moving to the Emirates.

A statement from the Russian club says: "One of the best footballers in Russia of the last decade is returning to his home city."

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Manchester City defender Micah Richards, 25, is a surprise target for Champions League winners Bayern Munich. The German champions are willing to pay £14m for Richards, who has two years remaining on his current contract, The Daily Star reports,

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Everton have set their eyes on attacking midfielder Keisuke Honda, but now have to face a challenge from Milan who, after losing Tevez, are looking at the Japanese rising star as a possible addition to their squad if they manage to sell Robinho to Santos.

The Japanese, out of contract in December with CSKA Moscow, could arrive already in July. Milan are also chasing Matri who might find little space at Juventus with the arrival of Tevez.

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Villareal are showing great interest in Italian veteran striker Alberto Gilardino, while Torino are chasing Sampdoria for the services of Maxi Lopez. Young defender Caldirola, captain of the Italian Under 21 side, has signed for Werder Bremen in Germany.