Newcastle have agreed a £10m deal for Marseille's Loic Remy and Manchester United are prepared to pay £15m to land Benfica's Ezequiel Garay.
Newcastle boss Alan Pardew has agreed a £10m deal for 25-year-old Marseille striker Loic Remy - paving the way for Demba Ba to leave in January.
Blackpool have rejected an offer for winger Tom Ince from Liverpool, who are weighing up whether to make an improved bid.
Veteran Spurs keeper Carlo Cudicini, 39, is set to finish his career in the United States with LA Galaxy.
Arsenal's Brazilian left-back Andre Santos may return to Turkey in January with Galatasaray ready to pay £2.5m - half of what the Gunners paid for him 18 months ago.
QPR have enquired about taking former Chelsea striker Salomon Kalou on loan from French side Lille.
Meanwhile, former Rs striker Les Ferdinand is set to return to the club in a coaching role under manager Harry Redknapp.
Chelsea have been told to cough up £30m if they want to sign 28-year-old Corinthians striker Paolo Guerrero, who scored the winner against them in the Club World Cup final.
Arsenal forward Theo Walcott will dig his heels in for a new £100,000-a-week deal after becoming fed up at his treatment by boss Arsene Wenger.
West Ham have confirmed they are interested in signing striker Nicolas Anelka who is reportedly unsettled at Chinese club Shanghai Shenhua.
Manchester United midfielder Paul Scholes will quit football next summer - and this time there will be no coming back.
Meanwhile, the Red Devils are prepared to pay £15m to land Benfica's Argentina central defender Ezequiel Garay.
Brazilian star Willian, 24, is still hopeful of joining Chelsea next month despite Shakhtar Donetsk blocking a £20m move last summer.
Arsenal have rejected a £2.5m bid from Galatasaray for left-back Andre Santos and are set to sign Zambian international defender Stoppila Sunzu, 23.
Southampton and West Ham will lead the chase to sign Blackburn's former England goalkeeper Paul Robinson.
Manchester United midfielder Paul Scholes plans to retire again at the end of this season, with fellow veteran Ryan Giggs also set to leave and defender Rio Ferdinand yet to indicate if he will extend his contract.
Everton manager David Moyes has revealed his ambition to coach in a European league one day - and named Germany as the most appealing option.
Aston Villa have resumed their interest in Porto's Senegal international defender Abdoulaye Ba, 21, and hope to agree a loan deal.
His Porto team-mate, 27-year-old Rolando, is attracting interest from QPR and Spurs with £8m the asking price.
The Rs are also being linked with Paris Saint Germain's Uruguay international defender Diego Lugano, 32.
Reading are exploring the possibility of signing Tottenham midfielder Tom Huddlestone.
Arsene Wenger has told Theo Walcott it is time to pay back the faith Arsenal showed him as a teenager by signing a new contract.
Arsenal and Liverpool have been warned that Derby midfielder Will Hughes, 17, will not be sold in the January transfer window.
Diego Maradona is on the brink of becoming coach of Iraq and wants to take the country to the 2014 World Cup finals in Brazil.
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