For all the latest reports and transfer rumours, visit our dedicated section here.
Queens Park Rangers are closing in on a deal that will see Sao Paulo star Henrique move to Loftus Road on loan, according to reports in Brazil.
Lancenet reports that the London based club will pay around £400,000 to take the youngster on loan, with an option to buy the Brazilian starlet for £5 million.
Henrique was named the Under-20 World Cup player of the tournament, which Brazil won back in August last year, with the award being presented to him at the prestigious Ballon d'Or gala.
Mark Hughes replaced Neil Warnock as QPR manager on Tuesday and has already suggested that he is looking to bring top players to the club in the January transfer window - with Chelsea defender Alex strongly linked with the Championship champions.