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Arsenal have agreed a deal in principle with Real Madrid for Sami Khedira. The Gunners have offered £11m for the Germany international who could move to north London in the January transfer window.
Liverpool are planning to make a move for Manchester City goalkeeper Joe Hart with the England international yet to discuss a new deal with the Premier League champions.
Manchester United, City and Arsenal are all keeping tabs on Fulham starlet Patrick Roberts with the Cottagers unlikely to be able to turn down an offer in the region of £10m.
Manchester United have the option to break their loan agreement with Monaco for forward Radamel Falcao. The Colombian has only recently recovered from a serious knee injury and if it were to happen again, United can cancel the loan.
Arsenal and Tottenham are battling to sign Fabian Schar in January. The Basel centre-back, 22, featured for Switzerland in the World Cup.
Chelsea and Arsenal are in the hunt for Ipswich Town full-back Tyrone Mings and will compete with Crystal Palace for his signature. Mings is expected to cost £2.5 million.
Arsenal are keeping tabs on Lyon striker Clinton N'Jie. The 21-year-old Cameroonian has been touted as the next Samuel Eto'o and has a release clause of £800,000.