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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 is considering signing free agents Joseph Yobo or Diego Lugano as it seeks 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.
Ole Gunnar Solskjaer is set to leave Cardiff after discussions with the club over his future. The club is currently 17th in the Championship but owner Vincent Tan wants the club to quickly return to the Premier League.
Arsenal is 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 has 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 looking to snap up Pedro in January but now face serious competition.
Arsenal could be set to snap up Real Madrid goalkeeper Iker Casillas in the January transfer window.
Arsenal is poised to sign Real Madrid goalkeeper Iker Casillas with the 33-year-old ready to leave the Santiago Bernabeu for pastures new.