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Manchester United plan on signing Roma midfielder Kevin Strootman in January before setting up a mammoth deal to bring Cristiano Ronaldo back to Old Trafford next summer.
Arsenal will resume their efforts to sign Paris Saint-Germain midfielder Adrien Rabiot in the January transfer window.
Arsenal are set to make a January bid for Edinson Cavani. The Uruguay international is unhappy at PSG due to being played out of position by Laurent Blanc.
Former Celtic boss Neil Lennon has emerged as a contender to replace Ole Gunnar Solskjaer as manager of Cardiff with Lennon keen to enter discussions with the Welsh side.
Liverpool and Arsenal have turned their attentions to Isco after Juventus emerged as favourites to sign Pedro. The two Premier League clubs are monitoring Isco's situation at Real Madrid.
Liverpool winger Suso has already agreed personal terms with AC Milan and will either move to San Siro in January or when his Reds contract expires at the end of the season.
Chelsea and Liverpool have sent scouts to watch Julian Brandt in action for Bayer Leverkusen and manager Brendan Rodgers has also been to Germany to watch the starlet.
Arsenal are considering signing free agents Joseph Yobo or Diego Lugano as they seek defensive cover for Per Mertesacker and Laurent Koscielny.
Tony Pulis is set to replace Ole Gunnar Solskjaer at Cardiff with the former Manchester United striker set to leave the Welsh side on Thursday morning.
Arsenal are set to make a move for Lassana Diarra who is a free agent after leaving Lokomotiv Moscow. Arsene Wenger is keen to improve his midfield following his side's poor showing against Borussia Dortmund.