The Dutchman is set to leave Inter Milan, who are keen to offload him due to his high wages.
Italian reports suggest that Sneijder is stalling on agreeing a move to Galatasaray to see if a Premier League club make an offer – with Liverpool claimed to be interested.
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.