Man United chase 'The Octopus,' UCL final set to be moved, Aouar a target for City, Chelsea

Marcotti: Ighalo extension won't affect Man Utd's transfer plans (3:10)

Gab Marcotti and Julien Laurens discuss Odion Ighalo's proposed loan extension at Manchester United. (3:10)

Welcome to ESPN's Insider Notebook, featuring contributions from our reporters across the top leagues around the world.

In this edition, Manchester United are linked with a slippery customer in midfield. Plus: The Champions League final could be on the move.

Jump to: Aouar wanted by Man City, Chelsea | Arsenal's Zoom party | CL final on the move | Smalling needs a pay cut | English football's £1b question | Madrid's cheeky ticket request | Fans cash in on Bundesliga return | Transfer window dilemma

'The Octopus' on Man United radar

Benfica defensive midfielder Florentino Luis has been attracting attention from top European clubs, including Manchester United and AC Milan, sources have told ESPN.

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His agent, Bruno Carvalho Santos, met with United officials in January, and he has been fielding enquiries for the past few months.

Florentino, who turns 21 in August, established himself as a starter at Benfica in the latter half of 2018-19, when he enjoyed a breakout season. This season, injuries in the first part of the campaign, a change in formation and the arrival of Julian Weigl form Borussia Dortmund in January limited his playing time, though that could change with the Portuguese league returning this week.

Nicknamed "O Polvo" -- the Octopus -- for the way he covers ground and wins loose balls in midfield, Florentino was a key part of the Portugal team that won the European Under-17 Championship in 2016 and European U19 Championship in 2018.

Bayer Leverkusen, Real Betis and Leeds United have also been credited with an interest, and his agent told ESPN, "Florentino is one of the highest rated young defensive midfielders in Europe, so there is a lot of interest in him at the moment.

"There has been a lot of talk about Milan, but I can tell you that there is a lot of competition for his services, with clubs in England, Germany and Spain also following him closely."

Florentino has a contract to 2024, but Benfica could be willing to let him go on loan, with an option to make the move permanent. -- Gab Marcotti

Man City, Chelsea want Aouar

Houssem Aouar is attracting plenty of interest from clubs across Europe, with Manchester City and Chelsea keen on him, sources have told ESPN.

Having joined Lyon at the age of 11, Aouar was expected to leave Lyon last summer but decided to spend one final season at his hometown club, though he couldn't have imagined how it turned out.

The coronavirus pandemic led to the cancellation of Ligue 1 in France, and with Euro 2020 postponed until next year, Aouar has missed the chance to build on what was a promising campaign.

It has also been a setback for Lyon, who need to sell their top stars this summer to bring in more funds to improve the squad. They want around £45 million for the midfielder, who scored nine and set up a further seven goals in all competitions before football was suspended amid the pandemic. A starring role for Les Bleus this summer at Euro 2020 would have undoubtedly added to the 21-year-old's price.

-- The best players under 21: Where does Aouar feature?

Lyon are looking to cash in on Aouar, with Manchester City very keen on him. They see him as a replacement for David Silva, who will leave City when his contract expires this summer. Chelsea are also interested, and Juventus could target him. The clubs are especially impressed by his versatility, as Aouar can play in various positions across midfield.

As well as Aouar, Lyon are also looking to cash in on Moussa Dembele, who was one of Chelsea's top targets until they made a breakthrough in their pursuit of Timo Werner. -- Julien Laurens

Matondo: Players need to be as strong as McKennie

Rabbi Matondo praised Schalke teammate Weston McKennie and other players for their tributes to George Floyd.

Arsenal's Zoom party

On Thursday, Arsenal made a bit of history by organising the biggest online gathering of fans in football.

Hosted by British comedian and huge Arsenal fan Matt Lucas and broadcast on the club's channels, the evening raised money for their foundation, which funds a variety of projects.

Among the guests via Zoom were Mikel Arteta, Pierre-Emerick Aubameyang, Hector Bellerin, Leah Williamson, Olympic champion Sir Mo Farah, Game of Thrones actor Alfie Allen, rappers Tinie Tempah and Lethal Bizzle, and front-line heroes in the fight against COVID-19. Former players Ian Wright, Alex Scott, Lee Dixon and David Seaman also joined the party.

The theme of the evening was "Do you remember the first time?" Players, legends and supporters reminisced about their first memories of Arsenal, their first games and players who left lasting impressions.

It was funny and poignant, all with the aim of getting the Arsenal family together in a challenging time. -- Julien Laurens

Germany a backup plan as Champions League final host

Sources have told ESPN that Germany is likely to step in as an alternate Champions League final host country amid doubts over Turkey's ability to take on European football's showpiece event.

The Ataturk Olympic Stadium in Istanbul could be stood down as this season's host during the next UEFA Executive Committee conference call on June 17. It had been due to host the final for the first time since 2005, but sources have told ESPN that the coronavirus has led to a number of issues being raised by the Turkish city. The game is expected to be moved elsewhere, with other locations under consideration.

International travel to Turkey is extremely limited because of the coronavirus pandemic, and sources have said the Istanbul authorities are focusing on more pressing concerns than staging a high-profile match between two foreign teams behind closed doors at the Ataturk. The loss of a multimillion-pound windfall from an influx of football supporters has also been raised as a factor in Istanbul's waning enthusiasm for hosting the final.

With the Bundesliga up and running again following the shutdown, Germany has emerged as a viable alternative. Bayern Munich's ongoing involvement in the competition might rule out the Allianz Arena as a potential venue, as those still in the Champions League would likely oppose hand-picking a ground from one of the quarterfinalists at the last eight stage.

Eintracht Frankfurt's Commerzbank Arena, Hertha Berlin's Olympiastadion and Schalke's Veltins Arena are all possible alternatives.

The Europa League final is still expected to go ahead as planned in August in Gdansk, Poland. -- Mark Ogden

Will Icardi deal set precedent for summer transfer window?

Julien Laurens explains why Mauro Icardi's permanent transfer to PSG could be an important deal.

Smalling needs pay cut to join Roma

The financial implications of the coronavirus pandemic are causing problems for Chris Smalling's proposed move to Roma, sources have told ESPN.

Manchester United are willing to extend Smalling's loan with the Serie A side until the end of the season, but the defender is keen to make the move permanent after impressing in Italy.

Smalling still has two years left on his contract at Old Trafford and would have to take a pay cut to help Roma finance a deal.

The COVID-19 outbreak has hit clubs across Europe, and Roma, fifth in Serie A, are in danger of missing out on Champions League football, which is likely to further reduce their options in the transfer market. -- Rob Dawson

English football's £1 billion question

A £1 billion fund put together by private financiers to help rescue English football is breaking up as the EFL waits for a government handout.

Sources told ESPN in April that a wealthy group, including at least one major United States bank, had formed an alliance to offer a facility to aid short- and medium-term cashflow issues for the clubs hit hardest by the pandemic.

Huddersfield Town owner Phil Hodgkinson has perhaps gone the furthest in outlining the gravity of the situation many face below the Premier League, claiming that "50 or 60" clubs could go bust if no fans are allowed in stadiums for the 2020-21 season.

Eighteen members of Parliament and two former Football Association chairmen last week wrote to the government, the FA and the Premier League to "save professional football in this country as we know it."

The EFL has recognised the severe difficulties ahead for many but has so far resisted any help from the private sector, in the belief that the government's £330 billion business support scheme will eventually extend to football.

Those state-backed loans are interest-free for 12 months, and the £1b package was offering funds with an annual interest rate in the region of 8%, lower than the market average of 12-14%.

There are understandable concerns that clubs might struggle to pay that money back in the longer term, but that is irrelevant if they cannot resist the more immediate cash flow pressures in the coming months.

At the moment, a game of brinkmanship is taking place. Some clubs are taking things into their own hands by exploring individual deals with lenders, but either the government needs to act or the EFL has to accept help from wherever it is available. Otherwise, English football will change forever. -- James Olley

Madrid talk up riches ... before asking fans to dip into their pockets

Real Madrid might have been named Europe's most valuable club last week (in a KPMG report promoted on their website), but that hasn't stopped them from asking season-ticket holders to consider turning down a refund for games played behind closed doors.

The club contacted members on Tuesday offering three compensation options for six remaining home games: a 25% refund now, a 25% discount next year or, "as many socios have already," giving up the amount "to help the club ease the financial effects of the pandemic, joining the collective effort of the players, coaches, directors and staff who gave up part of their salaries."

La Liga clubs have taken varying approaches to compensating fans, with some, such as Getafe and Leganes, offering next year's season tickets for free, and others, most notably Barcelona, yet to announce their plans.

Another source of concern at the Bernabeu has been speculation that some fans could be allowed back into stadiums later this month, which Spain's government has said will happen only if conditions throughout the country allow it.

Clubs were previously warned to expect behind-closed-doors games until 2021, and Real Madrid took that opportunity to increase the pace of redevelopment work at the stadium, which resembles a construction site at present.

For now, Zinedine Zidane's team will play home games at the 6,000 capacity Estadio Alfredo di Stefano, which could accommodate only a tiny proportion of club members. -- Alex Kirkland

Fans (and bookmakers) cash in on Bundesliga return

When the Bundesliga returned amid the coronavirus pandemic before other major European leagues on May 16, the betting industry was awash with gamblers looking for a quick win.

Sportradar, a sports analytics company that services bookmakers and counts the NBA, NFL and MLB among its partners, told ESPN that there was a huge spike in interest with top-level football back in action.

The returning weekend saw a 112% increase in turnover, compared to the opening day of the season, and a 103% increase on the last round of matches before the shutdown took effect.

"The return of the Bundesliga was a big moment for sport and for the sports betting industry," a Sportradar spokesperson told ESPN.

"Given the lack of competitive football taking place, the Bundesliga coming back is proving popular with our clients and punters alike. We have seen a significant increase in turnover on Bundesliga betting compared to pre-crisis levels."

But remember: Please gamble responsibly. -- Tom Hamilton

Transfer window could expand

The fixture chaos caused by the COVID-19 crisis looks certain to affect timing in the European transfer window, which could lead to a significantly expanded period to trade players.

As dates for restarting European leagues are announced, the attention turns to the summer window, and under normal circumstances, it would open at various points in June and July and close around Sept. 1 in most European countries.

With the remainder of seasons lasting well into July, the completion of the club competitions still to be determined and the starting date of 2020-21 campaigns still up in the air, football's legislative bodies face a real dilemma.

One possibility that has been mooted at the highest legislative levels is to hold back the registration period in the leagues that are still to complete their seasons until Aug. 1 or Sept. 1, with one scenario allowing clubs to carry out player transactions until Dec. 1 or even the end of the year. Countries that ended their league seasons prematurely -- such as Belgium, France and the Netherlands -- might also be brought in line with an expanded transfer period.

Although the respective national Football Associations are generally at liberty to decide their deadlines, there's a strong interest in synchronising the registration period across Europe to provide equal conditions for teams taking part in UEFA club competitions.

Although the increased flexibility has been well-received in some countries, other leagues have expressed worries about the prospect of losing their best players in the middle of the season, thereby losing the appeal of their product and potentially causing discontent with broadcasters and rights holders. -- ESPN staff