Friday's transfer clockwatch

23.00 What a day it has been. Join skysports.com on Saturday for what could be another 24 hours of thrills and spills in the transfer market.

22.56 One last news story before we sign off for the evening. Ian Morris has joined Kevan Hurst and Joe Murphy in signing a new contract at Scunthorpe.

22.45 Things are steadily winding down after what has been an extremely dramatic day in terms of transfer activity. Michael Owen's move to Man United certainly has got everyone talking.

22.26 Karim Benzema has spoken of his mixed feelings ahead of his proposed move from Lyon to Real Madrid.

21.55 West Bromwich Albion have played down rumours that Jonathan Greening could leave the Championship club.

21.00 Luis Fabiano's agent has claimed AC Milan have made an official approach to Sevilla for the Brazil striker.

20.50 Michael Owen is eager to put his "poor spell" at Newcastle United behind him by scoring goals and lifting silverware at his new club Manchester United.

20.13 Former Newcastle United manager Joe Kinnear has backed Manchester United boss Sir Alex Ferguson to get the best out of Michael Owen.

19.26 Not transfer news as such, but Milton Keynes Dons have confirmed the return of Paul Ince as the club's new manager.

18.48 Michael Owen has signed for Manchester United. It is a done deal with the former Newcastle United striker inking a two-year deal at Old Trafford.

18.04 Defender Simon King has penned a new three-year contract with Gillingham.

17.54 Leeds have signed former Cheltenham goalkeeper Shane Higgs on a one-year deal.

17.36 Real Madrid president Florentino Perez feels that "two more signings" will complete his overhaul at the Santiago Bernabeu. Reports continue to suggest Liverpool midfielder Xabi Alonso is high on Perez's agenda.

17.23 Rennes midfielder Stephane Mbia is hopeful he will complete his 'dream move' to Marseille as soon as possible.

17.13 Skysports.com understands Tranmere are weighing up a move to bring Alan Mahon back to Prenton Park.

17.03 Chelsea have confirmed the signing of Daniel Sturridge on a four-year contract from Manchester City, with the fee likely to be decided by a tribunal.

16.53 Galatasaray have confirmed the double signing of Atletico Madrid goalkeeper Leo Franco and Lyon winger Abdul Kader Keita.

16.49 Arsenal have announced that Kieran Gibbs has signed a new long-term contract extension with the club.

16.38 Dutch midfielder Anduele Pryor has been offered a trial at Bristol City, according to Vitesse general director Paul van der Kraan.

16.34 Grimsby Town have completed the signing of Chester City defender Paul Linwood on a three-year contract, while Peter Sweeney is expected to sign a two-year deal at Blundell Park on Monday.

16.29 The agent of Iceland international Solvi Ottesen has claimed his client is attracting interest from both England and Scotland, with Birmingham City and Celtic linked in the past.

16.26 Leicester are lining up a swoop for Manchester City youngster Ryan McGivern, skysports.com understands.

16.21 Carlisle United have announced that the proposed swap deal involving Ben Williams and Colchester United's Scott Vernon has broken down.

16.13 Danish striker Peter Lovenkrands says he is in no rush to find a new club after leaving Newcastle United.

16.07 Lyon chairman Jean-Michel Aulas has confirmed the club's interest in signing Juventus striker David Trezeguet and could be prepared to allow Fabio Grosso to move in the opposite direction.

15.55 Veteran midfielder Claude Makelele has ended speculation over his future by signing a new contract at Paris St Germain.

15.38 Accrington Stanley have conceded defeat in their attempts to sign Leeds United's back-up keeper Alan Martin.

15.28 Reading are lining up a loan move for Chelsea defender Ryan Bertrand, skysports.com understands.

15.21 Blackburn boss Sam Allardyce has informed Paul Gallagher he could yet have a future at Ewood Park after spending last season on loan at Plymouh.

15.14 Former Reading captain Graeme Murty has linked up with Southampton for a trial during pre-season.

14.59 Wolves have dismissed talk that Leicester City have tabled a bid for striker Andy Keogh.

14.51 Not a new deal for a player, but a manager as Darren Ferguson is to be offered a contract extension at Peterborough in the wake of his rejection of West Brom's advances.

14.41 Swindon Town manager Danny Wilson is hoping to wrap up the signing of former Hibernian winger Alan O'Brien on Sunday.

14.34 Bolton new boy Sean Davis has accused Portsmouth of 'mucking him about' after leaving Fratton Park for the Reebok Stadium.

14.21 Newcastle United winger Jonas Gutierrez insists he has not been contacted about a possible loan move to Porto.

14.06 Perth Glory are hoping to win the chase to sign Colchester United's unsettled defender Chris Coyne.

13.48 Millwall have told Zak Whitbread they want him to sign a contract extension by the end of the month.

13.30 Wolves have completed the signing of utility player Greg Halford from Sunderland for an undisclosed fee. Halford has signed a three-year contract and the figure is understood to be in the region of £2million.

13.26 Southampton boss Mark Wotte has confirmed Stern John has returned to the club to try to earn a new contract.

13.18 Dynamo Kiev's president Igor Surkis has revealed the club have made an offer to re-sign Chelsea striker Andriy Shevchenko, with a view to the Ukrainian eventually taking up a coaching position with the club.

13.10 Don't forget that our dedicated Transfer Centre gives you all the details you will need on what has happened so far this summer and you can check out the individual activity of every club or look at the completed deals in each league. If you want to know about the latest rumours and gossip, then head for our Paper Talk feature, where you can let us know of any whispers you have heard. Finally, the Sky Sports Scout gives you the lowdown on the hottest emerging talent in the global game.

12.58 Kilmarnock manager Jim Jefferies is hoping to sign ex-Rangers keeper Lee Robinson after losing Frenchman Damien Rascle.

12.50 Lee Camp has completed his return to Nottingham Forest from QPR, signing a four-year deal after the two clubs agreed an undisclosed fee for his services.

12.44 Bayern Munich have not given up hope of signing Jose Bosingwa from Chelsea, according to their chairman Karl-Heinz Rummenigge.

12.39 Gus MacPherson has confirmed Argentine defender Franco Miranda will not be returning to St Mirren.

12.32 Skysports.com understands Australia international defender Lucas Neill is in talks with West Ham about returning to the club.

12.29 Gillingham boss Mark Stimson says he will not be increasing his bid for Dagenham & Redbridge striker Paul Benson.

12.19 Linvoy Primus will spend a 10th season at Portsmouth after agreeing a new one-year deal. The veteran defender, who arrived at Fratton Park on a free transfer in July 2000 and is the longest-serving member of the squad, will see his duties expanded to an ambassadorial and advisory role.

12.06 Derby County have rejected two bids from Norwich City for striker Liam Dickinson. The Championship club are willing to do business for the 23-year-old but only at the right price.

12.03 Bristol City have won the race to sign former Celtic midfielder Paul Hartley, skysports.com understands.

11.54 Ecuador international striker Felipe Caicedo is still waiting for Mark Hughes to decide if he is in Manchester City's plans for next season.

11.42 Shrewsbury have signed left-sided winger Lewis Neal on a two-year deal. The 27-year-old arrives on a free transfer after being released from a short-team deal with Carlisle.

11.27 Carlisle United manager Greg Abbott is keen for Scott Vernon to join the club as part of the deal which would see Ben Williams move to Colchester United.

11.17 West Brom full-back Paul Robinson could be on his way to Bolton as Baggies chairman Jeremy Peace has softened his stance on the player's valuation.

11.09 Stoke City midfielder Salif Diao is 'very close' to signing a new one-year contract at the Britannia Stadium.

10.58 Reported Hull City target Dietmar Hamann has confirmed his interest in a possible move to 1860 Munich following his release from Manchester City.

10.45 A further update on Michael Owen comes from Sky Sports News' roving reporter James Cooper, who has spotted the diminutive striker at Manchester United's Carrington training ground ahead of his extensive medical.

10.35 Wigan Athletic boss Roberto Martinez insists he is not worried about other clubs showing an interest in England Under-21 international midfielder Lee Cattermole.

10.28 Derby chairman Adam Pearson has revealed the club have rejected two bids from Norwich for striker Liam Dickinson - but is willing to do business for the right price.

10.26 Cardiff City have fought off competition from Scunthorpe to sign centre-back Anthony Gerrard from Walsall for an undisclosed fee.

10.13 PSV Eindhoven are set to discuss the possibility of signing Jan Vennegoor of Hesselink after the former Holland striker was release by Celtic this week.

10.10 The Italian press are reporting that AC Milan have made a 14million euros bid for Sevilla's Brazil international striker Luis Fabiano after missing out on Edin Dzeko, who has elected to remain with Bundesliga champions Wolfsburg.

10.01 Tranmere have taken former Liverpool midfielder John Welsh on trial, skysports.com understands.

09.58 Carl Finnigan has agreed a new contract at Falkirk, who are also hoping to bring Marc Twaddle back to the club.

09.56 Leeds youngster Luke Garbutt has claimed he is on his way to Everton, according to a posting on social networking site Facebook. I thought everything was all about Twitter these days?

09.48 Reports from Italy claim that veteran Italian striker Christian Vieri will join up with Blackburn for a trial spell during their pre-season training camp in Austria.

09.39 Skysports.com understands Liverpool are ready to loan out young defender Robbie Threlfall this season.

09.34 Scunthorpe have been given permission to open talks with Crewe midfielder Michael O'Connor over a possible switch to Glanford Park, with the Northern Ireland international due to undertake a medical and discuss personal terms.

09.31 Huddersfield have continued their busy summer in the transfer market with striker Theo Robinson signing a three-year deal after arriving for an undisclosed fee from Watford.

09.25 New Celtic boss Tony Mowbray has warned colourful goalkeeper Artur Boruc he must perform if he wants to remain at the club.

09.09 Sunderland chairman Niall Quinn has dismissed suggestions central defender Anton Ferdinand could be sold this summer.

08.53 Cardiff City look set to seal a deal for Motherwell defender Paul Quinn after agreeing a fee with their Scottish counterparts.

08.40 Sky Sports News understands that Michael Owen underwent an initial examination on his knee on Thursday and will undergo a full medical later today before completing his surprise free transfer switch to Manchester United.

08.28 As previously mentioned, Michael Owen's prospective move to Manchester United dominates the newspapers and is carried by every tabloid and broadsheet. This, and the rest of the transfer speculation in the press, can be found in our updated Paper Talk feature.

08.16 Wenger has admitted that he would consider Bordeaux striker Marouane Chamakh as a possible Adebayor replacement, and also confirmed he was tracking Karim Benzema before his move to Real Madrid.

08.01 Arsenal boss Arsene Wenger is confident Emmanuel Adebayor is not set to quit in order to join AC Milan, but accepts the striker could leave if he is not committed.

07.46 Barcelona president Joan Laporta is unlikely to be a popular man with Arsenal supporters, after again admitting his interest in bringing Cesc Fabregas back to Camp Nou.

07.34 More then one of the tabloids are claiming that Sol Campbell is considering a summer move to Newcastle. Given that the Portsmouth defender told Sky Sports News on Thursday that every club needs stability, his suggested switch to the North East seems a little far-fetched given the Magpies' current predicament.

07.31 Kaka has admitted he would be happy to see Liverpool midfielder Xabi Alonso join Real Madrid's new 'galactico' revolution. Rafa Benitez may have other ideas.

07.08 I hope those opened two stories have helped you wake up! In other news, Manchester United midfielder Rodrigo Possebon has joined Portuguese side Sporting Braga on a season-long loan.

06.59 All the national newspapers are united (no pun intended) in their opinion that England striker Michael Owen will join Manchester United, as reported by skysports.com on Thursday. What do you make of this shock switch?

06.57 Major news to kick-off the clockwatch this morning with Chelsea 'completely rejecting' an audacious offer from Manchester City to take England captain John Terry to Eastlands.

06.56 Our dedicated Transfer Centre gives you all the details you will need on what has happened so far this summer and you can check out the individual activity of every club or look at the completed deals in each league. If you want to know about the latest rumours and gossip, then head for our Paper Talk feature, where you can let us know of any whispers you have heard. Finally, the Sky Sports Scout gives you the lowdown on the hottest emerging talent in the global game.

06.50 Welcome to the skysports.com transfer clockwatch. Stay with us every day and we will bring you all the latest breaking news on any deals, offers and speculation as it happens.