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Mauricio Pochettino is eager to bolster his frontline before the January window closes and is considering a £5 million bid for Burnley's Danny Ings, whose current deal expires in the summer. Harry Kane, meanwhile, is set for a bumper new contract.
Newcastle are set to offer €10 million (£7.5m) for Sporting winger Andre Carrillo. The Lisbon club only own around 50 per cent of the player's rights, however, and will hold out for closer to €15m.
Ravel Morrison has agreed to join Lazio in the summer on a free transfer. The West Ham midfielder's Upton Park contract expires at the end of the season.
Arsenal have made a £3.7m bid for Borussia Dortmund midfielder Kevin Grosskreutz. The 26-year-old has just 18 months left on his current contract and is believed to be a boyhood Gunners fan.
Inter are thinking of making a move for Manchester City midfielder, Yaya Toure who they are keen to recruit for next season. The Ivory Coast international is ready to leave teh Premier League champions.
Fiorentina boss Vincenzo Montella has threatened to quit the Serie A club if Juan Cuadrado is sold to Chelsea this month.
Everton striker Samuel Eto'o is set to undergo a medical ahead of his move to Sampdoria.
Paris Saint-Germain boss Laurent Blanc has told the club to sell Ezequiel Lavezzi this month. Liverpool are reportedly interested in the 29-year-old forward.
West Ham midfielder Ravel Morrison is willing to wait until the summer before leaving Upton Park and is considering offers from overseas clubs.
AC Milan have offered €8m for Cruzeiro midfielder Everton Ribeiro. The Brazilian club have also received offers from clubs in the United Arab Emirates, China and Ukraine.