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Louis van Gaal is considering re-signing Nemanja Vidic barely six months after he left Manchester United. The centre-back is out of favour at Inter and would be available for nothing, with the United boss ready to end his Italian nightmare.
Chelsea have jumped ahead of Arsenal and Manchester United in the race to sign Corinthians teenage sensation Malcolm Silva. The 17-year-old has been tipped to emulate Brazil superstar Neymar and will cost around £20 million.
Arsenal are preparing a €7.5 million bid for Saint-Etienne's Loic Perrin. Arsene Wenger is eager to bolster his midfield in January, but has had to look for alternatives to No.1 target Morgan Schneiderlin due to Southampton's reluctance to sell.
Liverpool are planning a double raid on Aston Villa in January and are ready to launch a €20m double bid for Ron Vlaar and Fabian Delph. The duo are out of contract in the summer but the Villans are prepared to risk losing them for free.
QPR boss Harry Redknapp is plotting an audacious bid for Atletico Madrid attacker Cristian Rodriguez. The Uruguayan has featured only sparingly for the Liga champions this season and would welcome a move to Loftus Road.
Arsenal are ready to make a fresh bid to sign Sporting midfielder William Carvalho, having previously been rebuffed by the Portuguese outfit. The Gunners are willing to pay €25m and hope Sporting's Champions League exit will force them to sell.
Real Madrid are ready to test how much Manchester United want Gareth Bale by demanding David De Gea in exchange. The Red Devils are ready to offer over €125m to land the Welshman but los Blancos want the Spaniard as part of any deal.
Real Madrid are mulling over the possibility of selling Gareth Bale to Manchester United for €150 million before snapping up Marco Reus for just €25m. The Dortmund star has a cut-price release clause and Los Blancos could cash in on the Welshman.
Serie A side Lazio are hoping to sign Liverpool's Italian striker Fabio Borini and have offered out-of-favour midfielder Ogenyi Onazi in exchange. The 21-year-old is thought to be keen on a move to the Premier League, while Inter also want Borini.
Arsenal have been given a boost in their pursuit of a striker with the news that PSG are ready to listen to offers for Edinson Cavani. The Gunners will need to make a €65m bid to land the Uruguayan, while Lukas Podolski is likely to join Inter.