Roberto Mancini will ask Manchester City's new director of football Txiki Begiristain to prepare a £50m bid to bring Brazil forward Neymar, 20, to the club from Santos next summer.
Theo Walcott is set to leave Arsenal because of manager Arsene Wenger's continued refusal to start the 23-year-old England forward in Premier League games.
Manchester United and Arsenal face a struggle to sign Germany midfielder Lars Bender, 23, after Bayern Leverkusen's director Wolfgang Holzhauser said: "We won't sell anyone".
Ajax midfielder Toby Alderweireld, 23, reportedly a target for Tottenham and Newcastle United, will only be allowed to leave in January if the Dutch club receive a "super transfer fee", according to coach Frank De Boer.
Liverpool manager Brendan Rodgers, 39, says he has recruitment staff scouring the world for talent to bring to the club during the January transfer window.
And the Anfield side are ready to make a £6m bid for Klaas-Jan Huntelaar, 29, after discovering that the Dutch striker is set to reject a final contract offer from Schalke.
Manchester United will not open talks about renewing the contract of 39-year-old midfielder Ryan Giggs until the end of the season.
Spurs striker Emmanuel Adebayor, 28, is wanted by Atletico Madrid, while the Spanish club are ready to part company with striker Radamel Falcao, a target for Chelsea and several other top clubs around Europe.
Former Barcelona manager Pep Guardiola, 41, is ready top open talks about coming out of his self-imposed exile, putting Chelsea, Manchester City and Manchester United on managerial alert.
Manchester United striker Robin van Persie, 29, says his respect for Arsenal stopped him from celebrating after he scored against his former club at Old Trafford on Saturday.
However, some Arsenal fans chanted abuse at the club's chief executive Ivan Gazidis during that game after watching Van Persie open the scoring for United.
Meanwhile, Arsenal fans and ex-players have criticised Andre Santos after the defender asked former team-mate Van Persie for his shirt during half-time of the Londoners' 2-1 defeat by Manchester United.
Former Arsenal defender Mikael Silvestre believes Jack Wilshere's return to fitness can help end the club's long wait for a trophy in the Capital One Cup.
Ajax midfielder Christian Eriksen has no regrets about turning down an offer to join Manchester City in the summer of 2011. The 20-year-old scored against City in the recent Champions League win for the Dutch club.
Swindon manager Paolo Di Canio wants to fine his players and has called his squad into training at 07:30 GMT on the morning after their FA Cup exit to non-League side Macclesfield.