Cristiano Ronaldo is reported to refuse the new contract from Real Madrid FC

Premier league transfer news suggest some surprises for Real Madrid FC. In Manchester United transfer news, Cristiano Ronaldo is reported to alert the Red Devils by refusing to sign a new contract with the Spanish side. Paris Saint-Germain are also in the hunt for the Portugal striker as speculations about his transfer arise.

Cristiano Ronaldo is reported to be unhappy with the support he has received from the Spanish side in his pursuit to win the coveted Ballon d’Or award. The striker’s contract at Bernabeu runs until 2015, but it could be cut short if the player refuses to agree to the terms of a new contract.

In Chelsea transfer news, the Blues received another jolt as their long-time target Radamel Falcao expressed his intentions of staying at Atletico Madrid till summer ruling out speculations of a transfer during the January window. Roman Abramovich was reported to pay £48 million for the purchase of the striker, which is out of the question now.

The 26-year-old Colombian was awarded the ‘Excellent Citizen Award’ from Colombian Police General Director, Jose Leon in Bogota as the player thanked club president, Enrique Cerezo for appreciating his presence at the club and his efforts to retain him at Atletico Madrid. With Sturridge gone, Chelsea FC has one known striker in its ranks, Fernando Torres.

In Arsenal transfer news, the Gunners are reported to agree terms with Atletico Madrid winger, Arda Turan with only fee details left to be decided between the two clubs. The Turkish player is reported to be keen to hone his football skills under Arsene Wenger.