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Real Madrid coach Carlo Ancelotti is said to be unhappy with the performance of young striker Alvaro Morata. The 21-year-old could seek a move elsewhere as a result.
The Premier League champions are set to encounter stiff competition from Arsenal for the services of the 21-year-old Basel defender.
Bayern Munich recently announced that a number of clubs have shown an interest in signing Jan Kirchhoff and Schalke are keen bring in the centre-back on loan.
Juventus are keen to sign Manchester United winger Nani in the January transfer window and are ready to include Mirko Vucinic in the deal.
Manchester United defender Rio Ferdinand is ready to retire from football at the end of the season ahead of becoming a television pundit.
Jeremy Menez appears to be on his way out of Paris Saint-Germain this winter, with Juventus, Inter and Monaco all keeping tabs on the versatile attacker.
The Sevilla midfielder is believed to have caught the attentions of the Premier League rivals, but both clubs have been told they will not get the 25-year-old on the cheap and will have to pay his €40 million release clause in full.
Stoke City boss Mark Hughes is eyeing a January loan move for Manchester United youngster Nick Powell, who can be recalled from his current loan spell at Wigan next month.
Tottenham have been dealt a double blow as both former Holland boss Guus Hiddink and Ajax manager Frank de Boer have rejected the chance to succeed Andre Villas-Boas at White Hart Lane.
Roma are considering making a move for Everton defender John Heitinga to replace Nicolas Burdisso, while Fiorentina are also monitoring the Dutchman's situation.