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Borussia Dortmund forward Marco Reus has agreed a deal with Real Madrid. The Germany international is set to sign a five-year deal with the European champion.
Tottenham has made West Brom striker Saido Berahino its No.1 transfer target in January and will lodge a bid as soon as the window reopens. The 21-year-old is seen as the ideal partner for emerging star Harry Kane.
Laurent Blanc will stay at the helm of PSG at least until next summer despite PSG's bad results according to L'Equipe.
Manchester City is lining up a bid for ex-Chelsea midfielder Kevin De Bruyne. The Belgian failed to make the cut at the Blues and was sold to Wolfsburg but the Premier League champion is readying a £20m bid.
Gareth Bale has reportedly given his approval on a move to Manchester United. The Welshman would command a fee of £80 million should he leave Madrid in the summer.
Arsenal will test the waters by offering Bayer Leverkusen £20 million for World Cup winner Christoph Kramer. The German midfielder, on loan at Gladbach, is believed to be available but for no less than £25m.
Napoli will launch a loan bid for Mario Balotelli in January. The Liverpool forward has struggled since moving back to England in the summer and is expected to be moved on sooner rather than later.
Liverpool is strongly considering a move for Fernando Torres in January. The Spaniard is currently struggling on loan at Milan and reports suggest he may be sent back to Chelsea, opening up an opportunity for the Reds.
Tom Cleverley will make his loan move from Manchester United to Aston Villa permanent. Paul Lambert's side will spend £7.5 million to snap up the England international when the January transfer window opens.
Southampton is leading the chase for Netherlands winger Eljero Elia. The 27-year-old is currently at Werder Bremen but is believed to be available for a transfer in January.