The usually reliable yahoo.it has two stories saying the deal is practically done. http://it.sports.yahoo.com/040610/8/1g9t.html "Genova is about to score the first big goal of the transfer season, with which it intends to build up for a promotion in Serie A. The red-and-blue are about to sign Alan Shearer, 34 years old, forward from Newcastle United. The deal isn't yet official but by now it appears a certainty... He will sign a two-year contract."
Turns out this was just an attention-grabbing hoax orchestrated by Genoa's owner, Enrico Preziosi. http://www.channel4.com/sport/football_italia/jun11c.html His idol must be Luciano Gaucci.