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Manchester United have put €150m (£120m) aside to sign Gareth Bale from Real Madrid in the summer. The Premier League giants are desperate to land the Welshman and Louis van Gaal is ready to table a world-record bid.
Roma are said to be looking at signing 28-year-old Schalke left-back Christian Fuchs, whose contract with the Bundesliga side runs out in the summer.
Borussia Dortmund are said to be in talks with Dynamo Kiev over the signing of Aleksandar Dragovic. The Germans are reportedly keen to add the young Austrian centre-back to their defensive pool.
Darren Fletcher's move to West Ham has been plunged into doubt after he failed to agree personal terms with the Hammers. The Manchester United midfielder wants €100,000-a-week at Upton Park.
PSV had been hopeful of signing Lucas Piazon on loan from Chelsea, but the Blues are keen to leave the Brazilian at Eintracht Frankfurt.
NAC Breda are keen to sign some of Manchester City's youngsters, trading first-team playing time for strength in depth as the Dutch side look to expand their squad for the second half of the season.
Manchester United are readying a €40m (£30m) bid for Roma midfielder Radja Nainggolan as they look to bolster their midfield options ahead of the January transfer deadline. The 26-year-old also interests Arsenal, Manchester City and Liverpool.
Bayern Munich will not move for Marco Reus due to his injury-prone nature and also the fact they have numerous attacking midfielders at their disposal.
Manchester City are ready to table a world-record bid to sign Cristiano Ronaldo if he decides to return to England. Director of Football Txiki Begiristain is in regular contact with the Real Madrid superstar's agent Jorge Mendes.
Liverpool and Arsenal are set to go head-to-head over the signing of Marseille striker Andre-Pierre Gignac. The 29-year-old's contract expires this summer, and he has also attracted interest from Inter Milan.