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AC Milan are hoping to offload Fernando Torres to Atletico Madrid. Chelsea have refused to cancel the Spaniard's two-year loan, so the Italian side are trying to offload the striker themselves and hope to get Alessio Cerci in exchange.
Newcastle United midfielder Moussa Sissoko is wanted by Arsene Wenger. The Gunners are prepared to bid £16 million for the Frenchman, who recently admitted that he "loved" Arsenal.
Arsenal have revived their interest in Frenchman Yann M'Vila. The central midfielder, currently on loan at Inter is set to become available as Roberto Mancini continues his pursuit of Lucas Leiva. The 24-year-old is on Rubin Kazan's books.
QPR have opened talks with Charlie Austin over a new contract. The 25-year-old has scored 11 goals in 15 Premier League games this season.
QPR are set to launch a new bid for Tottenham winger Aaron Lennon. The 27-year-old pulled out of a loan move to Loftus Road on deadline day in September.
Barcelona are talking with Neymar's father to sign an extesion of his contract until 2020. The club expect that they can close the agreement before of the end of the season.
Bayern won't sell Pierre-Emile Hojbjerg. The only option for the midfielder is a loan deal. In this case, Bayern wants to extend his contract till 2018 and loan him till 2016. Gladbach was interested in him, but only in signing him permanently.
AC Milan are on the lookout of an attacking midfielder. Keisuke Honda will leave team for Asian Cup and the Rossoneri are thinking of signing Alessandro Diamanti.
AS Roma is in search of a new winger with Gervinho expected to leave for African Cup of Nation (AFCON). The Giallorossi are monitoring Lukas Podolski who wishes to leave Arsenal this January.
Despite tying down highly rated youngster Matt Targett to a five-year contract, Southampton will make Chelsea loanee Ryan Bertrand's move permanent either in January or the summer.