EPL: Top transfer news and rumours on October 27

London, Oct 27: Manchester United want Chelsea defender Cole, Real Madrid want to sign Spurs' Bale for £50m, Chelsea eye £48m swoop for Falcao, Arsenal are ready to dump unwanted stars, all the transfer news and rumours from the Barclays Premier League on Oct 27.

• Manchester United boss Sir Alex Ferguson is plotting a move for Chelsea left-back Ashley Cole next summer. Cole, 31, had rejected a one-year offer from the Blues and will be allowed to run down his contract.

• Real Madrid are eyeing a whopping £50 million move for Tottenham Hotspur winger Gareth Bale. The 23-year-old Welshman is also being targetted by Real's rivals Barcelona. La Liga champions recently signed playmaker Luka Modric and could lose Bale if a huge offer is made.

• Chelsea are open to bid £48m for Atletico Madrid striker Radamel Falcao. However, the reigning European champions face competition from their closest rivals Manchester City while Paris Saint-Germain are believed to be interested in the 26-year-old.

• Arsenal are ready to offload their unwanted stars during the January transfer window. Theo Walcott, Marouane Chamakh, Andrey Arshavin, Johan Djourou and Sebastien Squillaci.

• Former Scotland striker James McFadden has completed his move to Sunderland on a short-term contract.

• Celtic boss Neil Lennon has slapped a £25m price tag on midfielder Victor Wanyama as Chelsea and Manchester United eye January swoop.

• Aston Villa boss Paul Lambert is set to drop £24m striker Darren Bent to the bench when he faces former club Norwich City.

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