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QPR are hoping to beat a host of Premier League clubs to the signing of Jermain Defoe. The former Tottenham striker is keen to leave Toronto and return to England, with the MLS side hoping to get around €7.6 million for the 32-year-old.
Manchester City boss Manuel Pellegrini is eager to bolster his injury-hit attacking options and is ready to greenlight a €32 million move for Mario Mandzukic. The Croatia international only moved to Atletico Madrid in a €21.5m deal in the summer.
Liverpool are planning to offload Mario Balotelli to Inter in January before opening talks with West Brom over Saido Berahino. The 21-year-old has caught the eye of Manchester United and Spurs but the Reds hope to land €30m-rated striker.
Liverpool have begun negotiations with Paris Saint-Germain over a loan move for midfielder Adrien Rabiot. The 19-year-old is thought to be close to joining Tottenham on loan but Brendan Rodgers hopes to gazump Spurs to the Frenchman.
Arsenal have been given the green light to launch a £50 million January move for Edinson Cavani. The Paris Saint-Germain striker, who remains behind Zlatan Ibrahimovic in the pecking order, has been made available by Laurent Blanc.