14th Dec 2012
Chelsea have emerged as favourites to land £15m-rated striker Theo Walcott from Arsenal.
Chelsea owner Roman Abramovich is willing to offer Atletico Madrid striker Radamel Falcao a £10m-a-year contract to bring him to Stamford Bridge.Full story: Daily Mail
Real Madrid are willing to pay up to £56m to land Tottenham winger Gareth Bale during the next two transfer windows.
Manchester United and Arsenal are battling to capture PSV Eindhoven's £17m-rated midfielder Kevin Strootman.
Liverpool's hopes of signing Barcelona winger Cristian Tello appear to be over after he signed a new contract with the Spanish club - but he does have an £8m buy-out clause.
Wigan boss Roberto Martinez will not sell midfielder James McCarthy in January. Liverpool manager Brendan Rodgers is thought to be keen on signing him.
Arsenal and Manchester City are preparing to test Athletic Bilbao's resolve to keep hold of striker Fernando Llorente in the January transfer window.
Schalke striker Klaas-Jan Huntelaar would prefer a move to Inter Milan this January over Arsenal or Liverpool, according to the player's agent.
Swansea want to sign West Bromwich defender Craig Dawson.Full story: Daily Mail
Newcastle are in competition with Juventus to sign Toulouse midfielder Moussa Sissoko.
Everton are unlikely to try to bring United States international Landon Donovan to Goodison on loan for a third time in January.
Roma are leading the race to sign Portuguese winger Nani from Manchester United when the transfer window re-opens in January.
Fiorentina will make a £5.6m bid for QPR midfielder Esteban Granero next month.
Frank Lampard accepts he will be leaving Chelsea at the end of the season.
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