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Manchester City are preparing to revive their pursuit of Chelsea right-back Malo Gusto in the upcoming January transfer window after the Londoners lowered their hefty summer valuation. The Etihad Stadium outfit previously walked away from negotiations when the Blues demanded a fee that would have shattered the world-record price for a full-back.

Premier League rivals Chelsea and Liverpool are leading the chase to sign highly-rated Benfica right-back Daniel Banjaqui after his rapid rise through the Portuguese club's academy ranks. The 18-year-old defender could be available for an initial fee of around £30 million as elite sides across Europe monitor his progress.

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Chelsea boss Xabi Alonso has reflected on his whirlwind tenure at Real Madrid, admitting that his dismissal from the Santiago Bernabeu dugout felt premature. The Spaniard, who arrived with a burgeoning reputation from Bayer Leverkusen, saw his stint in the Spanish capital cut short despite being active in multiple competitions.