Transfer window gossip: Second edition
Follow the latest transfers news all week with Sportsday.
For a list of confirmed transfers, check out the transfers page.
Arsenal suffer a major blow in their attempt to sign Julian Draxler, 20, with Schalke sporting director Horst Heldt insisting that the Bundesliga club have no intention of selling the midfielder.
Ipswich Town have not made an approach to sign Sunderland striker Connor Wickham, 20, on loan.
Manchester City defender Joleon Lescott, 31, has turned down a chance to move to West Ham or Fulham, and will see out the remaining six months of contract at the Etihad Stadium.
Swansea City have pulled out of the race to sign Blackpool midfielder Tom Ince, 21. The Welsh side had agreed a deal with the Championship club on Monday to sign the former Liverpool youngster on loan.
England Under-21 international Ince is likely to join Crystal Palace on loan until the end of the season.
Manchester City striker Edin Dzeko, 27, is ready to accept a pay cut to join Borussia Dortmund. The Bundesliga side want the Bosnian as a replacement for Robert Lewandowski, 25, who has signed a pre-contract agreement to join Bayern Munich in June.
Norwich City are in talks with Turkish side Fenerbahce over a loan deal for former Everton defender Joseph Yobo, 33.
Manchester United have been thwarted in their attempt to sign Fabio Coentrao, 25, from Real Madrid in January. Real manager Carlo Ancelotti does not want the Portugal defender to leave.
Newcastle manager Alan Pardew is still "hopeful" of signing Lyon's Clement Grenier, 23, but admits time is running out to complete the deal. Lyon want £12m for the midfielder, but Newcastle have offered only £8m.
Everton manager Roberto Martinez says Dutch defender John Heitinga, 30, is in talks over a move to Turkish side Galatasaray.
Serie A champions Juventus are interested in signing Southampton striker Daniel Osvaldo. The Italy international, 28, is serving a two-week suspension as punishment for a training-ground fight.
Meanwhile, Southampton have warned Swansea City off making a £3m move for midfielder Jack Cork, 24.
Bayern Munich boss Pep Guardiola has opened the door for Toni Kroos to join Manchester United. Asked about the 24-year-old Germany midfielder's potential move to Old Trafford, Guardiola said: "He is an important player but things can move fast in football. Here today, gone tomorrow."
Arsenal have reached an agreement with Juventus to sign striker Mirko Vucinic on loan for the rest of the season. The 30-year-old Montenegro international will have a medical at the London club on Thursday.
St Etienne are holding out for £18m from Chelsea for their 19-year-old French centre-back Kurt Zouma.
Netherlands international defender Daryl Janmaat, 24, is hesitating over signing a new contract at Feyenoord as he awaits a bid from Arsenal in the summer.
Lewis Holtby's agent has confirmed the 23-year-old midfielder wants to leave Tottenham before Friday's transfer deadline.
Liverpool and Arsenal have revived their interest in 22-year-old Barcelona forward Isaac Cuenca.
Liverpool face competition from two unnamed Premier League clubs for the signature of Ukraine forward Yevhen Konoplyanka, 24, despite opening negotiations with his club Dnipro Dnipropetrovsk on Wednesday.
Cardiff are set to sell Andreas Cornelius back to Copenhagen for £5m less than they paid for the striker, having bought the 20-year-old for £8.5m in the summer.
Manchester United defender Phil Jones has said the United squad wants to impress club record signing Juan Mata, adding that the Spain forward, 25, has "lifted spirits" in the dressing room.
Manchester City's accounts revealed the club spent £639,000 per day on employee wages during 2012-13.
Newcastle's new signing Luuk de Jong says it would be a "dream come true" to score the winning goal in Saturday's Tyne-Wear derby. The 23-year-old striker joined from Borussia Monchengladbach.
Southampton are interested in recruiting Cagliari's 27-year-old Italian defender Davide Astori.
Sochaux's French striker Cedric Bakambu, 22, could join Watford before the end of the transfer window.
Argentine footballer Ignacio Scocco, 28, is leaving Internacional Porto Alegre to join fellow countryman Santiago Vergini at Sunderland in a 5m euro (£3m) transfer deal.
AS Monaco have initiated talks with Inter Milan for loaning their Argentine striker Mauro Icard, 20, as cover for the injured Radamel Falcao.
Galatasaray are lining up a bid for Manchester United's 32-year-old defender Nemanja Vidic.
Lyon defender Henri Bedimo, 29, has expressed a desire to play in the Premier League, saying it "fascinates" him.
A match in Argentina between Estudiantes and Gimnasia got so out of control the referee decided to 'retire' his yellow card and only show reds.
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