Former Wolves owner Sir Jack Hayward dies

Former Wolves owner Sir Jack Hayward has died at the age of 91, the club have announced.

Hayward, who ran the club for 17 years from 1990 to 2007, passed away in Fort Lauderdale in the United States on Tuesday after battling illness for several months.

Paying tribute, current chairman Steve Morgan said: "Wolves are a family and we're united in mourning at the loss of one of the club's, and the city's, most cherished sons."

Transfer Rumours And Paper Review - Saturday, January 3

Here's the top transfer-related stories in Saturday’s newspapers...

Liverpool are already considering re-signing captain Steven Gerrard, 34, on loan next January after the end of the Major League Soccer season. (Daily Telegraph)

Gerrard will command a £20m salary from Los Angeles Galaxy to end his career in the MLS. (Daily Mirror)

Former Everton and Manchester United manager David Moyes has told Gerrard he would be welcome at Real Sociedad next season if he decides to play in Spain rather than the United States. (Daily Mail)

West Brom are looking to sell striker Saido Berahino for £20m, with Tottenham and Liverpool both interested in the 21-year-old. (The Sun)

Liverpool have been offered the chance to sign Toronto striker Jermain Defoe, 32, to boost their forward options. (Daily Telegraph)

Alternatively, Leicester lead the chase to secure Defoe's services. (The Guardian)

Tottenham are set to offload midfielder Paulinho, 26, with Brazilian club Cruzeiro a likely destination, while 27-year-old winger Aaron Lennon could also leave if any club meets his asking price of £7m. (Daily Mirror)

New Crystal Palace boss Alan Pardew is poised to make immediate signings, with a loan deal for Arsenal striker Yaya Sanogo, 21, his top priority. (The Times)

Chelsea and Manchester United's pursuit of winger Gareth Bale, 25, has come to an end, with the Welshman set to sign a new and improved deal at Real Madrid. (Daily Express)

Arsenal are set to pip Manchester United to Ipswich's £10m-rated 18-year-old midfielder Teddy Bishop. (The Sun)

Leicester City are on the verge of signing 42-year-old Chelsea goalkeeper Mark Schwarzer. (Daily Star)

Borussia Dortmund are ready to listen to offers for Manchester United target Ilkay Gundogan, with Arsenal, Chelsea and Liverpool also interested in the 24-year-old midfielder. (Daily Express)

Mainz boss Thomas Tuchel, 41, is a leading contender to take over from Alan Pardew at Newcastle. (The Guardian)

Midfielder Frank Lampard, 36, is in talks to extend his stay at Manchester City until 2016. (Daily Star)