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Arsene Wenger has been handed an increased January budget as Arsenal look to bring in midfielder reinforcements following injury to Jack Wilshere. The Gunners will turn to PSG's Yohan Cabaye, while they are also looking at James McCarthy.
Lionel Messi will reject bids from Arsenal and Manchester United in favour of a move to Jose Mourinho's Chelsea this summer. The Barcelona superstar will move to west London for €250 million.
With Gerard Pique reluctant to leave Barcelona, and doubts over Ron Vlaar's long-term fitness, Manchester United will make a move for Real Madrid centre-back Raphael Varane.
Roberto Mancini is hoping to make Robin van Persie the first signing of his second stint at Inter. The Italian manager famously missed out on the Dutchman while in charge of Manchester City, though may have to wait until summer to get his man.
Hull City are ready to make a move to sign Manchester United midfielder Darren Fletcher should the Scot leave Old Trafford in January. The 30-year-old, though, still hopes to be handed a new contract despite falling the pecking order.
Arsenal's pursuit of a central midfielder could see them turn to Lazio's Cristian Ledesma. In a deal not dissimilar to last January's loan move for Kim Kallstrom, the Gunners hope to bring in the Argentine on a six-month deal.
Manchester United have no intention of making Falcao's loan move permanent due to his ongoing injury problems and will instead turn their attention to signing PSG striker Edinson Cavani. The Red Devils are mulling over a £50 million bid.
Manchester United have been dealt another injury blow, with Luke Shaw set to be sidelined for up to SIX weeks. The teenager suffered ankle ligament damage against Arsenal and will not feature again for the Red Devils until 2015.
Roma will rival Liverpool for Fiorentina goalkeeper Neto. The Brazilian is out of contract at the end of the season and is reportedly keen on a move to the Serie A side.