Found on mangahelpers:
Verification: Pending
Type: Japanese Script with translation
Source: unknown
Credits: unknown


This one correlates with the picture, and may thus assumed to be real.

No.371:旧知・・・!!

No. 371: An old acquaintence

マダラはサスケの成長を楽しみにしている

Madara's looking forward to Sasuke's development.

影分身ナルトがサスケと接触も瞬殺

A bunshin Naruto finds Sasuke but is "destroyed" on the spot.

自来也は敵忍Aに変化し蝦蟇にイビキのもとへ帰れと命令

Jiraiya transforms into one of the Ninja he interrogated and orders the toad to go to Ibiki.

その様子を子南目撃

Konan witnesses this scene.

ペインに報告 ペイン「そうか・・・自来也先生か・・・」

She notifies Pain, who says "I see... Jiraiya-Sensei..."

ペインの体は自来也小隊の写真の目つきの悪いやつに見えなくもない

The spoiler provider informs us that Pain's body is not unlike the "kid with the nasty look in his eyes" who appears in the picture of Jiraiya's former team.

ペイン、子南に案内させるが到着までに殺してもいいと指示

Pain tells Konan to lead him to Jiraiya, but that she's free to kill him before he gets there.

子南が自来也に仕掛けるが「蝦蟇平影操りの術」で回避

Konan attacks Jiraiya, but he dodges it with a toad jutsu (the name of which I don't understand.)

自来也「術のキレも良くなったが いい女にもなったのオ・・・子南」

Jiraiya: "Not only have you gotten better with your jutsu, but you've grown into a mighty fine woman as well, Konan."

This last line appears clearly legible on the spoiler picture.