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Schalke are keen to add defensive reinforcements to their squad and want to take Chelsea centre-back Kurt Zouma on loan before the end of the transfer window.
Leicester City are in advanced talks over a club-record £25 million move for Sporting striker Islam Slimani.
Crystal Palace are hopeful of signing Everton midfielder James McCarthy before the end of the transfer window, though the Toffees want £20 million for the Republic of Ireland international.
Loic Remy is on the verge of signing for Crystal Palace on a season-long loan. The 29-year-old is yet to figure for Chelsea this season, with his chances of playing time further limited by Michy Batshuayi's arrival.
Chelsea are set to complete a move for Fiorentina defender Marcos Alonso, with the Blues set to pay €25 million for the left-back.
Tottenham winger Nacer Chadli is set to undergo a medical with West Brom after the Baggies agreed a club-record £13 million fee for the Belgium international.
Real Madrid president Floretino Perez has rejected Chelsea's loan offer for James Rodriguez as he would prefer to sell the Colombian on a permanent deal.
Everton will make a new bid for Joe Hart if they can offload back-up goalkeeper Joel Robles.
Bundesliga champions Bayern Munich are weighing up a £10 million move for Nottingham Forest's 19-year-old attacking midfielder Oliver Burke.
Despite public advances from Sam Allardyce, John Terry will not make a return to the England national team due to a preference for concentrating on Chelsea.