Transfer news and rumours LIVE: Arsenal table £60m bid for Caicedo

David Ornstein has suggested on the Football Daily podcast that in order to balance their books Chelsea could sell Trevoh Chalobah before the transfer window deadline.

Big outlays on Mykhailo Mudryk and Benoit Badiashile could be countered by the sale of a homegrown player in the coming days.

Croatian head coach Zlatko Dalic has turned down an approach from Ajax to fill their vacant managerial position. Dalic has achieved a second and third placed finish with Croatia in the last two World Cup.

Kieran Trippier has signed a contract extension at Newcastle keeping him at the club until the 2024/25 season. He has lead Newcastle's march for Champions League football, and is part of a defensive unit that has kept 12 clean sheets in the Premier League this season.

According to French outlet FootMercato, PSG are preparing a third bid for Lyon attacker Rayan Cherki. PSG are conscious that Lyon could definitively shut the door on a potential deal so they are treading carefully with the deal.

He has a goal and an assist to his name in Ligue 1 this season and would provide cover to their attacking department after the sale of Pablo Sarabia earlier this month.

Fabrizio Romano has confirmed that Chris Smalling is still in talks with Roma regarding a new contract, with his current deal expiring this summer.

He led them to their first ever continental success last season as Roma won the inaugural UEFA Europa Conference League.

PSV are looking to strengthen their forward line and Manchester United's 20-year-old Swedish winger Anthony Elanga is an option. He has two assists in 19 appearances for United this season and is seemingly out of favour with Erik ten Hag.

Leicester have agreed a deal for Brazilian winger Tete from Shakhtar Donetsk according to John Percy from The Telegraph. He is currently on loan at Lyon in the French top division, but is expected to be Brendan Rodgers second signing of the January window despite interest from Leeds.

Chelsea and Liverpool look set to battle it out for the signature of Sheffield United midfielder Sander Berge late on in the January transfer window, according to Football London.

The 24-year-old boasts four goals and three assists for the Blades this season, and is thought to have been scouted by the Blues since mid-December.

Chelsea have agreed a deal for 19-year-old Malo Gusto from Lyon. The defender will provide cover for Reece James and also follows the Blues recent transfer strategy of signing young players for the future.

Inter are looking at Liverpool's Roberto Firmino as a potential replacement for the struggling Romelu Lukaku, Italian outlet Gazzetta dello Sport reports.

The Belgian has failed to recreate his form since returning to Italy on loan from Chelsea in the summer, while Firmino sees his contract expire at the end of the season.

Despite both player and manager Jurgen Klopp stating their desire for him to stay, no deal has been reached, meaning Inter are available to open talks with the Brazilian over a pre-contract.

Gabriel Martinelli is set to sign a new four-and-a-half year deal with Arsenal, David Ornstein has revealed, taking his stay in North London up to the summer of 2027.

Morocco international Azzedine Ounahi looks set to join Olympique Marseille from Angers, despite being linked with a move to Leeds United.

Bournemouth are in talks with Roma midfielder Nicolo Zaniolo over a potential move to the South Coast, 90min reports.

The 23-year-old has also been approached by AC Milan and Tottenham, but thus far these deals have stalled.

The talks come after the Cherries launched a €35 million (£30.7m/$38m) bid on Monday after the Italy international made himself available for a January transfer.

Former Chelsea full-back Marcos Alonso has committed his future at Barcelona until June 2024, the club have confirmed.

Borussia Dortmund have announced the signing of Belgian starlet Julien Duranville from Anderlecht. The 16-year-old pens a long term contract with the club, meaning Dortmund have tied down yet another promising star.

"We are very pleased that Julien and his family have placed great trust in us and that he is now wearing our colours," BVB sporting director Sebastian Kehl said. "Julien is a fast, technically strong and creative winger in whom we see great potential. Our main focus is now on integrating Julien into our professional squad and the new environment as quickly as possible and gradually bringing him up to the level of the Bundesliga.”

With Chelsea and Arsenal showing a keen interest in securing his signature, the Daily Mail reports that Brighton midfielder Moises Caicedo is considering handing in a transfer request to force a move this January.

Read the full story on GOAL here.

Sunderland have completed the loan signing of Leeds United starlet Joe Gelhardt, who boasts 15 Premier League appearances for Jesse Marsch's side this campaign.

Gelhardt said on the switch: “I know how big the club is and I’m really looking forward to meeting the lads and trying to help. I spoke with the Head Coach and the playing style seemed a perfect fit for me. I’ve watched Sunderland on the TV this season and seen some positive, attacking football and I can’t wait to get involved.”