Reds tracking Spanish legend and other red-hot gossip

Liverpool are planning an audacious swoop for Real Madrid legend Raul. According to reports, Rafa Benitez wants to pair the 32-year-old with fellow Spaniard Fernando Torres up front for the Reds next season. However, the former Spanish international’s £8m annual wages could be a stumbling block for the cash-strapped Merseysiders. Elsewhere, Chelsea midfielder Deco is wanted by Brazilian giants Fluminese, Corinthians and Flamengo; Chelsea and Tottenham are eyeing up a £13m move for Everton's Steven Pienaar; and Arsenal are checking out Japanese striker Takayuki Morimoto and may try to prise him away from Serie A side Catania with a £9m bid.