15th Jan 2014
Arsenal manager Arsene Wenger wants to sign Schalke playmaker Julian Draxler for £35m and then turn him into the new Robin van Persie.
Manchester United will not be allowed to re-sign midfielder Paul Pogba from Juventus in January, but a deal for the player could be revived in the summer.
Pogba is bitter about his time at Old Trafford and refuses to return to the club.
Liverpool have joined the race to sign Porto midfielder Fernando.
Turkish club Galatasaray want to sign Stoke City midfielder Charlie Adam for £5m.
Sunderland manager Gus Poyet has been told he must pay £6.5m to land Argentine forward Ignacio Scocco from Internacional.
Tottenham Hotspur may be preparing to take a £1.5m loss on Etienne Capoue just six months after signing the French midfielder from Toulouse for £9m.
The White Hart Lane club are also set to let midfielder Lewis Holtby leave. The player only signed for them last January from Schalke, who are believed to be interested in taking him back.
Manchester City are ready to reignite their interest in £42m-rated defender Eliaquim Mangala from Porto.
Everton left-back Leighton Baines who has been linked with a move to Manchester United, is on the verge of signing a new long-term deal that will commit his future to the Blues.
Cardiff manager Ole Gunnar Solskjaer is keen on bringing in Manchester United winger Wilfried Zaha and Wes Brom midfielder Ravel Morrison to help the club's relegation fight.
Spanish clubs Valencia and Real Betis want to sign Liverpool striker Iago Aspas, who signed for the Reds from Celta Vigo for £7m last summer, on loan.
Norwegian manager Ole Gunnar Solskjaer has been told he has a job at Cardiff for the next five years by chairman Mehmet Dalman.
Chelsea owner Roman Abramovich has shown his faith in manager Jose Mourinho by allowing him to decide whether the club offer Frank Lampard, John Terry and Ashley Cole new contracts.
Jose Mourinho claims to have "inside information" that all is not well at Manchester United, although the Old Trafford club's manager David Moyes is not under pressure.