Goal.com Transfer Talk is your 24/7 source for all the latest rumours in the global transfer market.
Arsenal boss Arsene Wenger wants James Rodriguez and Alvaro Morata, with Real Madrid keen on securing a deal for Alexis Sanchez.
With Arsenal's negotiations for Valencia defender Shkodran Mustafi seemingly having hit a snag, the Gunners have returned their attention to Roma centre-back Kostas Manolas.
Premier League champions Leicester have registered their interest in Monaco defender Marcel Tisserand, a player Arsenal have been lining up as a deal for Valencia's Shkodran Mustafi continues to stall.
Crystal Palace are set to sign Chelsea striker Loic Remy on loan which includes a £10m million option to buy.
Juventus have made their first official bid of €22 million, plus €5m in add-ons, for Blaise Matuidi. Paris Saint-Germain are holding out for €30m.
Real Madrid have received no offers for James Rodriguez and do not expect further movement before the end of the transfer window.
Chelsea are ready to make an improved bid of €35 million plus bonuses for Alessio Romagnoli with Antonio Conte desperate to sign a new central defender.
West Ham can only sign Wilfried Bony on a six-month loan deal because the Manchester City striker has a deal in place with an unnamed Chinese Super League side to join in January.
Tottenham are considering using Nabil Bentaleb as a makeweight in their attempts to land Newcastle United wantaway winger Moussa Sissoko.
Watford have stolen a march on West Ham by agreeing a £7.5 million fee with Newcastle United for Daryl Janmaat, with the player now set to undergo a medical.