Midfielder Lowe, 18, has been with the club since the age of 12 and Jones is a 17-year-old defender who has been at Ewood Park for six years.
Jones was an unused substitute in the club's recent Carling Cup win over Gillingham.
Francesco Totti will call time on his 24-year career as a Roma player after the game with Genoa.
England's record goalscorer Wayne Rooney has been left out of Gareth Southgate's England squad for the second time in a
Manchester City players expect to be lining up alongside ALEXIS SANCHEZ and KYLE WALKER at the Etihad Stadium next season, according to the Mirror.
Sam Allardyce left his role as manager of Crystal Palace on Tuesday night, leaving the Selhurst Park hierarchy in the
Ajax stand between Manchester United and Europa League glory on Wednesday.
Champions Chelsea have made former striker ROMELU LUKAKU their preferred attacking signing this summer, according to the Evening Standard.