The top stories and transfer rumours from Wednesday's newspapers...

PREMIER LEAGUE

Arsenal are reportedly interested in signing Como star Nico Paz, but Mikel Arteta's chances of landing the creative midfielder have suffered a blow before talks have even gotten off the ground - Daily Star

Manchester City have seen teenage sensation Charlie Holt quit for Cardiff - just days after the Premier League giants were found guilty of breaching financial rules - The Sun

Ambitious plans to redevelop the Emirates Stadium by increasing its capacity have been shelved by Arsenal - The Sun

Ex-Premier League star James McClean has released a statement slamming his treatment by Derry City as a contract war with his hometown club rages on - The Sun

Former Arsenal winger Willian claims he was promised the earth by Mikel Arteta and the Gunners hierarchy ahead of his switch from Chelsea - Daily Star

ENGLAND

Gary Lineker has warned Declan Rice that his England place could be under threat thanks to the emergence of Alex Scott - Daily Mirror

SCOTTISH FOOTBALL

Tony Docherty and Steven Naismith were both sent off during a chaotic two-minute spell that saw the referee brandish four red cards during Scotland Under-21s' clash against Bulgaria - The Scottish Sun

ELSEWHERE

Cristiano Ronaldo lashed out at Portugal manager Jorge Jesus and apologised to his international team-mates in an extraordinary 2,000-word statement - Daily Mail