Euell set for West Ham as Charlton agree to cut price to £2m

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Sunderland, Middlesbrough, Portsmouth and Fulham also made inquiries, but his most likely destination is Upton Park. "I think now is the right time for me to move on," Euell said, with his agent, Tony Finnigan, adding that now Charlton had set a price for Euell, who has been frustrated by his lack of opportunities at The Valley, he expected a move to be swiftly agreed.

Euell will probably be replaced by Damien Francis, who is set to finalise a transfer from Norwich City. It is understood that the midfielder is available at "£2m plus". Portsmouth have bid £1.75m and are set to increase their offer. However, they are likely to be trumped by Charlton, who yesterday signed Newcastle United's Darren Ambrose on a four-year deal. The fee is thought to be less than £1.5m.

Intriguingly, Andrew Cole is close to making a return to Blackburn Rovers a year after leaving. The striker has 12 months left on his contract at Fulham but wants to return to the North-west where his family still live. The Blackburn manager, Mark Hughes, believes the club, under predecessor, Graeme Souness, made a mistake by selling Cole in the first place.

A fee of £500,000 has been discussed although it is possible that Cole may be involved in a swap deal with Fulham taking one of Blackburn's players, or a free transfer. Fulham will also have to weigh up a renewed, imminent bid from Newcastle for their striker Luis Boa Morte.