According to Bild, he is stalling on a contract (runs out in 2013) and they have confirmed he would like to play in England... but are trying to keep him. With his contract he could be signed for around £12.5million if he decides to leave.
Every time I see him I think he is fantastic and he is pure entertainment. Fast, tricky, skillful, and 100% workrate. He also scores tons of goals, is an attacking midfielder or wide forward, and also has outstanding dribbling skills.
But what you get with a player like this is a door into the Japanese market, where there's always money to be made.
Unfortunately he's linked with United and Chelsea, and would improve both a lot, but I wonder if he is someone we could be after as he is one of those players that can unlock teams with pure skill. I think he is a top class talent and would be cheap because of his contract IF he decides not to sign a new one.
A good article on him: <a class="postlink" href="http://footballsnewtalent.wordpress.com/tag/shinji-kagawa/" onclick="window.open(this.href);return false;">http://footballsnewtalent.wordpress.com ... ji-kagawa/</a>