Liverpool manager Rafael Benitez has hinted Craig Bellamy will be the striker to pay the price for Fernando Torres' arrival at Anfield.

The 23-year-old Spain international has completed his move from Atletico Madrid, for a fee believed to be just under £20 million, and signing a six-year contract.

While Benitez confirmed he wants Peter Crouch to stay, he admitted there is interest from other clubs in Wales international Bellamy.

Meanwhile, Arsenal's board is so confident that Arsene Wenger will extend his contract in the autumn that it has not considered looking for a successor. Wenger is approaching the final season of his current deal but talks on a two-to-three-year extension have progressed smoothly. It is expected he will put pen to paper between October and December.

Everton last night completed the £4 million signing of Phil Jagielka from Sheffield United. Everton have also given Scottish international Gary Naysmith permission to talk to the Bramall Lane club and it is expected he will join them today.

Aston Villa are set to finally complete the signing of West Ham midfielder Nigel Reo-Coker after agreeing a £8 million with the London club.

Reading's Ireland striker Shane Long (20) has signed a new contract until 2011. Compatriot Stephen Hunt, who has reportedly been attracting the interest of Premier League rivals Bolton, Sunderland and West Ham, is set to agree a new contract by the end of this week.

Sheffield United yesterday launched a High Court appeal against an arbitration panel's decision to dismiss their claim against the Premier League. The panel on Tuesday turned down their claim for a new disciplinary commission to be set up to deal with West Ham over the Carlos Tevez affair. The three-man tribunal refused to order a new disciplinary hearing because they said the original decision to fine West Ham £5.5 million could not be judged "perverse or irrational".