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Porto striker Jackson Martinez is looking to leave the club next summer but is deciding whether to join Tottenham or Napoli.
QPR will allow Adel Taarabt to leave the club in the January transfer window. AC Milan is monitoring his situation and could make a permanent move for the winger after taking him on loan last season.
Juan Cuadrado is in contract talks with Fiorentina and has agreed a £27 million release clause with the Serie A side. The Colombia international still has to agree contract length and salary before a new deal is completed.
Stoke is ready to begin talks with Peter Crouch over a new contract. The striker is out of contract in the summer and the Potters do not want to lose him in the January transfer window.
Manchester United boss Louis van Gaal is resigned to missing out on Borussia Dortmund center back Mats Hummels, but is ready to move for BVB teammate Nevan Subotic instead, while Aston Villa's Ron Vlaar is also on his radar.
Manchester United will reignite its bid to sign Juventus' Arturo Vidal this January, though it also wants to sign the Chilean's teammate, Angelo Ogbonna. The Red Devils are eyeing a £51 million deal as Louis van Gaal looks for reinforcements.
Premier League giants Arsenal and Chelsea lead the race to sign Sami Khedira on a free transfer at the end of the season. The German World Cup winner has yet to sign a new deal at Real Madrid and is chasing a huge cash sum should he move.
Liverpool boss Brendan Rodgers is ready to launch a bid for Napoli striker Gonzalo Higuain, who is unsettled in Naples. The Serie A side is already plotting a move for Jackson Martinez as a replacement, who had been high on Arsene Wenger's wishlist.
Liverpool has stolen a march on its Premier League rivals and is close to agreeing a deal to sign in-demand MK Dons midfielder Dele Alli. The English wonderkid will cost around £8 million, though could be loaned back to his League One club.
David Moyes is on Newcastle United's radar to replace under-fire boss Alan Pardew. The 53-year-old saw his side succumb to Stoke City on Monday and the Scottish coach, who flopped at Manchester United, leads the race to replace him.