The Times claims that PSG's Qatari backers want another big name striker in the summer. "The French league leaders want to sign another star forward to strengthen their burgeoning attacking options and have identified Rooney as a potential target to partner Zlatan Ibrahimovic," the paper claims.
Could it really happen? 27-year-old Rooney's current contract - worth £1 million a month - runs until the summer of 2015, and as The Times points out he has "been usurped by Robin Van Persie as the focal point of United’s attack".
"A bid of about £40 million would demand some discussion at Old Trafford," they add. "United must also weigh up the merits of awarding another hugely lucrative, long-term contract to a player approaching his late twenties, whose fitness, physique and form have been a source of considerable debate over the past 12 months in particular."
Those fitness issues, The Times point out, have only really come about because Rooney has been marginalised to a degree within the team, with Alex Ferguson himself conceding that the England striker's weight struggles have only ever really been dealt with by ensuring that he plays constantly.
PSG are also interested in trying to sign Cristiano Ronaldo, the report adds, but Rooney is thought to be "a cheaper and more attainable target".
The Daily Star claims it has a "world exclusive" with its report that Gareth Bale is to open talks with Real Madrid about a summer move to the Spanish champions.
Real's interest in the Welsh winger is hardly new, but the paper claims to have a few solid details: the offer will be £30m up front followed by a further £10m over the next few years, and Bale will be granted permission to discuss a move with Real thanks to a clause in his contract which gives him clearance to talk to a certain number of named clubs about potential transfers.
Needless to say, the paper also speculates that Bale's arrival would pave the way for Ronaldo to leave the Bernabeu.
The Sun, Daily Telegraph and Express also run stories about Bale going to Madrid.
All quote former Real Madrid chief Roman Calderon, who told TalkSport radio that: "I think he is a fantastic player. He is one of those players you would always like to have in your team. It’s true we have spent a lot of money in the last three or four years but I think we are in a position to pay the money they are going to ask for.
"There is always a limit but Real Madrid is in a very healthy situation, economically speaking, so it would be in the position to sign him."
The Express claims that Calderon's words suggest that Real will pay £70m for the 23-year-old, but with valuations across the papers of anything between £30m-£70m - the one thing for certain is nobody knows exactly what he'd cost.
The Daily Mail reports that Everton will have four clubs clamouring to buy Marouane Fellaini in the summer: Real Madrid, Chelsea, Manchester City and Manchester United all want the bouffant Belgian.
The same paper also claims that Manchester United sent scouts to watch Porto's Colombian star James Rodriguez at the weekend. The 21-year-old winger is said to be rated at an extraordinary £36m.
There is more good news for Swansea following their League Cup win at the weekend as the Daily Mirror reports that manager Michael Laudrup is keen to sign a new contract.
Laudrup's existing deal runs until next summer, but with Real Madrid, Manchester City and Arsenal all said to be keen on securing his services rumours have been flying that will leave in the summer.
The Mirror says otherwise, however, claiming that the 48-year-old Dane is "close to signing a 12-month extension".
As well as rewarding Laudrup for his success so far, the deal would also apparently ensure Swansea healthy compensation when the seemingly inevitable bigger job comes up.
The fact that all this news emerged out of the heady joyousness of Swansea's victory parade on Tuesday should in no way make you think that it's just a case of everybody getting carried away with themselves.
And finally, the Mirror and Sun both lead their back pages with Rafa Benitez insisting that the Chelsea players are right behind him. "Er, are you sure, Rafa?" asks the Mirror's sub-headline.
The tone of both pieces suggests that Benitez will soon become a quickly-forgotten piece of Chelsea's history - much as is the case with Roberto di Matteo already, according to the Daily Mail. The paper reports that Di Matteo has been "airbrushed out of history" after a picture outside Stamford Bridge of him with the Champions League trophy was replaced by one of the players alone with the trophy, and Di Matteo nowhere in sight.