Madonna is reportedly planning to move near her close friend GWYNETH PALTROW in London's exclusive Belsize Park area.

The MATERIAL GIRL, 46, has put in an offer of $9 million (GBP5 million) for an Italian white-terraced house, so that she can be close to the OSCAR-winning beauty and her Coldplay husband Chris Martin, reports Britain's DAILY EXPRESS newspaper.

A source says, "It's an impressive building and has just been renovated.

"At least $3.6 million (GBP2 million) must have been spent and it had an amazing conservatory.

"It's got to be worth around $9 million (GBP5 million) and has been decorated in sumptuous style, presumably to be sold to a celebrity.

"It's a prominent position and you can imagine Madonna and her husband GUY RITCHIE moving into it."

17/09/2004 14:04