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Real Madrid is preparing to bid £20 million for Tottenham goalkeeper Hugo Lloris as it seeks a long-term replacement for Iker Casillas.
Liverpool will offer Steven Gerrard a new contract in the coming weeks - but the club captain may be forced to accept a reduced role at Anfield beyond the current campaign.
Klaas-Jan Huntelaar is set to end speculation surrounding his future by penning a new deal at Schalke. Reports had linked Arsenal, Liverpool and Tottenham with the Dutchman.
Arsenal could replace manager Arsene Wenger with Pep Guardiola when the Spaniard's contract with Bayern Munich expires in 2016. His expected departure from the German giant could coincide with Wenger's decision to leave Arsenal.
Barcelona defender Gerard Pique is wanted by Chelsea, Manchester City and Manchester United. The Spain international is believed to be available for £25 million in the January window.
Samuel Eto'o is set to be offered a new one-year deal with Everton after impressing since arriving at Goodison Park in the summer.