Arsenal manager Arsene Wenger wants to sign Schalke playmaker Julian Draxler, 20, for £35m and then turn him into the new Robin van Persie.
Julian Draxler has earned 10 caps for Germany
Manchester United will not be allowed to re-sign midfielder Paul Pogba from Juventus in January, but a deal for the 20-year-old could be revived in the summer.
Full story: Manchester Evening NewsÂ
But Pogba is bitter about his time at Old Trafford and refuses to return to the club.
Liverpool have joined the race to sign Porto midfielder Fernando, 26.
Turkish club Galatasaray want to sign Stoke City midfielder Charlie Adam, 28, for £5m.
Sunderland manager Gus Poyet has been told he must pay £6.5m to land Argentine forward Ignacio Scocco, 28, from Internacional.
Tottenham Hotspur may be preparing to take a £1.5m loss on Etienne Capoue just six months after signing the 25-year-old French midfielder from Toulouse for £9m.
The White Hart Lane club are also set to let midfielder Lewis Holtby leave. The 23-year-old only signed for them last January from Schalke, who are believed to be interested in taking him back.
Manchester City are ready to reignite their interest in £42m-rated defender Eliaquim Mangala, 21, from Porto.
Everton are hopeful 29-year-old left-back Leighton Baines, who has been linked with a move to Manchester United, will sign a new deal with the club which will keep him at Goodison Park for the rest of his career.
Cardiff manager Ole Gunnar Solskjaer is keen on bringing in Manchester United winger Wilfried Zaha, 21, and West Ham midfielder Ravel Morrison, 20, to help the club’s relegation fight.
Spanish clubs Valencia and Real Betis want to sign 26-year-old Liverpool striker Iago Aspas, who signed for the Reds from Celta Vigo for £7m last summer, on loan.
OTHER GOSSIP
Barcelona star Lionel Messi says he expects to be back to his best for the Spanish club’s last-16 Champions League knockout tie against Manchester City in February.
Chelsea owner Roman Abramovich has shown his faith in manager Jose Mourinho by allowing him to decide whether the club offer Frank Lampard, John Terry and Ashley Cole new contracts.
Mourinho, meanwhile, claims to have “inside information” that all is not well at Manchester United, although the Old Trafford club’s manager David Moyes is not under pressure.
Ole Gunnar Solskjaer is on a one-year rolling contract with Cardiff City
Norwegian manager Ole Gunnar Solskjaer has been told he has a job at Cardiff for the next five years by chairman Mehmet Dalman.
GLOBAL GOSSIP (sourced by BBC Monitoring)
Chelsea could sell 26-year-old centre-back David Luiz to Barcelona for 35 million euros (£29m), after having rejected the Catalan club’s earlier offer of 25 million euros (£21m) last summer.
Full story: Lefigaro (in French)Â
Newcastle and Stoke City are emerging as potential destinations for Borussia Monchengladbach’s Swiss forward Luuk de Jong, 23.
Full story: Kicker (in German)Â
AND FINALLY
