Arsenal are tracking Adrian Lopez, Newcastle are chasing Peter Odemwingie and Modibo Maiga, while Liverpool are eyeing Josip Ilicic.
Tottenham manager Andre Villas-Boas is interested in Brazil pair Leandro Damiao and Willian.
Liverpool are close to finalising the deal that will bring Daniel Sturridge to Anfield from Chelsea for around £12million.
Meanwhile, the Blues are prepared to send Marko Marin on loan to Bayer Leverkusen as a sweetener for a summer move for Andre Schurrle.
Arsenal are keen on Atletico Madrid striker Adrian Lopez, 24 - but not so keen on his £14million buy-out clause.
Southampton have rejected an offer from West Ham for 30-year-old striker Rickie Lambert, who has scored eight goals in 19 games this season.
Championship high-flyers Hull City are set to land Sunderland's Republic of Ireland midfielder David Meyler in a deal rising to £1.5million.
Sir Alex Ferguson, who was 71 on New Year's Eve, is eyeing two more years as Manchester United boss.
Newcastle boss Alan Pardew is lining up West Brom striker Peter Odemwingie as a replacement for Demba Ba.
Chelsea and Arsenal have both snubbed the chance to sign Inter Milan attacking midfielder Wesley Sneijder.
Winger Wilfried Zaha - linked with a January move to Arsenal, Spurs, Chelsea and Manchester United - has vowed to stay at Crystal Palace and help them win promotion to the Premier League.
Sir Alex Ferguson hailed Robin van Persie as perfect after watching the Dutchman hit a double in Manchester United's 4-0 romp at Wigan.
Manchester City's title hopes have been hit by the news that Sergio Aguero is out with a hamstring injury.
Newcastle will move for West Ham striker Modibo Maiga, 25, if a proposed deal for Marseilles's 25-year-old Loic Remy fails to go through.
Liverpool hope Inter Milan will take midfielder Nuri Sahin on loan as they want him to return to parent club Real Madrid to free up wages for the potential signings of Daniel Sturridge and Thomas Ince.
Meanwhile, the Reds have been linked with Palermo midfielder Josip Ilicic, 24, but loan target Kevin Gameiro does not want to leave Paris Saint-Germain.
Sunderland have added Anderlecht's Hungary defender Roland Juhasz to their list of targets.
Championship side Millwall have made a bid for Reading striker Simon Church who is out of contract in the summer.
Sir Alex Ferguson claimed he always knew Robin van Persie would make Manchester United a championship-winning side.
Paul Lambert claims his Aston Villa young guns deserve credit for the way they have responded to their Christmas nightmare.