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Manchester United have the option to break their loan agreement with Monaco for forward Radamel Falcao. The Colombian has only recently recovered from a serious knee injury and if it were to happen again, United can cancel the loan.
Arsenal and Tottenham are battling to sign Fabian Schar in January. The Basel centre-back, 22, featured for Switzerland in the World Cup.
Chelsea and Arsenal are in the hunt for Ipswich Town full-back Tyrone Mings and will compete with Crystal Palace for his signature. Mings is expected to cost £2.5 million.
Arsenal are keeping tabs on Lyon striker Clinton N'Jie. The 21-year-old Cameroonian has been touted as the next Samuel Eto'o and has a release clause of £800,000.