For updated transfer news and gossip throughout the day, read our breaking news service Sportsday live.
Manchester United made a £38m bid for Brazil star Neymar on transfer deadline day but the 20-year-old wanted to stay at Santos until after his country host the 2014 World Cup.
Liverpool are rumoured to be set to make a shock move for former Juventus forward Alessandro Del Piero, 37.
However, Australian A-League side Sydney FC are also reportedly set to announce they have signed the Italian World Cup winner.
Liverpool manager Brendan Rodgers was prepared to swap midfielder Jordan Henderson, winger Stewart Downing or left-back Jose Enrique to land Fulham striker Clint Dempsey, who instead moved to Tottenham.
Arsenal are understood to have offered Andrey Arshavin a free transfer in the hope that the 31-year-old midfielder will finally find a new club before the Russian transfer window closes on Thursday, with Dynamo Moscow the favourites for his signature.
Tottenham Hotspur and Porto submitted an agreed deal sheet for Joao Moutinho, 25, on deadline day but a third party with a stake in the Portuguese midfielder is reported to have scuppered the deal.
Newcastle will try again to sign winger Tom Ince, 20, from Blackpool in January after having a £4m bid rejected.
Lyon have asked Chelsea to name their price for out-of-favour Blues winger Florent Malouda, 32.
GLOBAL GOSSIP FROM BBC MONITORING
Corriere dello Sport reports that Alessandro del Piero will be announced as a Sydney FC player at a press conference on Wednesday.
England striker Andy Carroll, 23, faces six weeks out with the hamstring injury he suffered in his first game for West Ham after joining the Upton Park club on loan from Liverpool.
In extracts from his new book, Manchester United striker Wayne Rooney says that being dropped by manager Sir Alex Ferguson was a tough lesson.
Striker Sergio Aguero has risked upsetting manager Roberto Mancini by making himself available for international duty with Argentina even though he is not fit enough to play for his club side Manchester City.
Arsenal chairman Peter Hill-Wood admits the Gunners cannot compete in the transfer market with Chelsea and Manchester City.
Liverpool supporters' group Spirit of Shankly have called on American owners Fenway Sports Group to appoint a Liverpool-based chief executive.
Double Olympic gold medallist Mo Farah has urged his beloved Arsenal to sign him up as their fitness coach when his athletics career comes to an end.
Manchester City boss Roberto Mancini wants striker Mario Balotelli to take hypnosis and have counselling to help him stop smoking.