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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.
Juventus have joined the race for Barcelona winger Pedro, putting Liverpool and Arsenal's pursuit of the 27-year-old into doubt. The Premier League duo were confident of snapping up Pedro in January but now face serious competition.
Arsenal are poised to sign Real Madrid goalkeeper Iker Casillas with the 33-year-old ready to leave the Santiago Bernabeu for pastures new.