Manchester United have suffered a major transfer setback as long-term target Ruben Neves is reportedly on the verge of signing a new contract with Al-Hilal. Despite holding talks with the Red Devils in December, the midfielder is in advanced negotiations to remain in Saudi Arabia, ending Michael Carrick's hopes of a January reinforcement.

Manchester United are set to accelerate their pursuit of Ruben Neves after reaching an agreement in principle with Michael Carrick to take over as interim manager. With the 44-year-old winning the race against Ole Gunnar Solskjaer to succeed Ruben Amorim, INEOS are preparing to release funds immediately to land the £20m-rated Al-Hilal star in the January transfer window.

The January transfer window has become an increasingly frugal period in modern times, as leading clubs largely save their pennies for extravagant summer splurges. Instead, many will be looking to the free-agent market and the possibility of laying the groundwork to sign a potentially key player for absolutely nothing. As it stands, there are plenty of big names who could be available on a free transfer in the summer.

The January transfer window is fast approaching, and clubs will once again be scrambling to strengthen for the second half of the season. In the 2025 winter market, £1.2 billion ($1.4bn) was spent across Europe's top leagues and the English Championship, the highest mark in seven years, with Manchester City accounting for £191 million ($256m) of that amount alone.