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Arsenal are poised to sign Real Madrid goalkeeper Iker Casillas with the 33-year-old ready to leave the Santiago Bernabeu for pastures new.
Manchester United chiefs are hoping Sir Alex Ferguson's special relationship with Cristiano Ronaldo can be used to lure the Real Madrid superstar back to Old Trafford. The Red Devils have the funds in place to signing the Portugal international.
Juventus have 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 confident of snapping up Pedro in January but now face serious competition.
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 are considering signing free agents Joseph Yobo or Diego Lugano as they seek defensive cover for Per Mertesacker and Laurent Koscielny.
Ole Gunnar Solskjaer is set to leave Cardiff after discussions with the club over his future. The club are currently 17th in the Championship but owner Vincent Tan wants the club to quickly return to the Premier League.
Arsenal are 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.
Chelsea and Arsenal's hopes of signing Valencia hotshot Paco Alcacer look doomed to fail after it emerged that the Liga club are readying a new contract offer for the 21-year-old striker.