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Hargreaves has found a club according to reports. JON SUPER/AP/Press Association Images
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The Departures Lounge: your daily lunchtime transfer round-up

Find out what two players United will offer Spurs in exchange for Luka Modric, which Irish player is set for a move this weekend and the latest news on YouTube sensation Owen Hargreaves.

IS STEWART DOWNING really worth £18m? Even in the notoriously express-prone English transfer market? Liverpool apparently think so.

Liverpoool fans will also be happy to hear that the player who was ahead of Downing in the World Cup pecking order just last summer – Joe Cole – is all of a sudden no longer the best thing since sliced bread and will be sold to West Ham, along with Paul ‘at least my mum thinks I’m good’ Konchesky.

United will offer Tottenham around £12m plus Dimitar Berbatov and Jonny Evans for Luka Modric. Given that the last time Berbatov played for Tottenham, he went on strike in order to secure a move to United, something tells me Spurs fans wouldn’t exactly welcome him back with open arms.

If Tottenham aren’t impressed by the prospect of the sulky Bulgarian returning to the club, they may opt to sign Pablo ‘who?’ Osvaldo from Espanyol.

Meanwhile Fiorentina are interested in Spurs’ winger, Niko Kranjcar, but the £12m asking price may cause them to baulk.

In addition, the club’s former defender Jonathan Woodgate will sign for Stoke, who are signing the ex-England international as they’re worried that their physio has been severely under-worked of late.

Barcelona will offer Maxwell or Eric Abidal as a form of compensation for Cesc ‘nothing original about him to say about him at this stage’ Fabregas.

Fellow big-spenders Man City are also busy today. Goalkeeper Shay Given will definitely sign for Aston Villa this weekend. No honestly, it’s actually true this time, The Sun’s reporting it.

Finally, Owen Hargreaves has found a club, with former England boss and current Leicester manager Sven Goran Eriksson agreeing to sign him. Looks like those YouTube videos were an inspired idea after all.

Read: Man City rename stadium following Etihad sponsorship deal >

Read: Juego Bonito: the best bits (and the worst) from last night’s Copa America action >

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