Harry Redknapp will begin his Queens Park Rangers revolution by moving for former Manchester United and England midfielder David Beckham, 37, who is leaving Los Angeles Galaxy.
Redknapp also wants Tottenham's Scott Parker, 32, and Stoke's 31-year-old former QPR, Spurs and Pompey striker Peter Crouch.
And Mark Hughes's replacement at QPR will also move for Tottenham striker Jermain Defoe, 30, as he looks to bring in three new faces during the January window.
Crystal Palace's board have told manager Ian Holloway that he will not have to sell Wilfried Zaha in the January transfer window. Several Premier League clubs are interested in the £20m-rated winger but Palace want the 20-year-old to spearhead their push for promotion from the Championship.
Netherlands striker Klaas-Jan Huntelaar, 29, has set his sights on a cut price £6m January transfer to Arsenal now Robin van Persie is no longer there.
Manchester City Roberto Mancini is interested in Chelsea striker Fernando Torres, 28, and is preparing to make a move for the Spanish striker if new Blues boss Rafael Benitez fails to get the best out of him.
Full story: Sunday Telegraph
Italian Mancini also reveals that he nearly brought Torres to City two years ago but the price was too high so he opted for £27m striker Eden Dzeko.
Manchester United believe they can secure the £8m signing of Everton and England left-back Leighton Baines, 27, in the January transfer window.
And United manager Sir Alex Ferguson is eyeing a move for the teenage son of former loan signing Henrik Larsson. Liverpool and Manchester City are also interested in midfielder Jordan Larsson, 15, who plays for Swedish side Hogaborgs BK.
Liverpool are also stepping up their interest in Borussia Dortmund winger Kevin Grosskreutz. The 24-year-old, who would cost around £8m, has already said he would like to play in English football.
Arsenal manager Arsene Wenger is ready to make a shock £10m move for Liverpool's out-of-favour winger Stewart Downing, 28, in the January transfer window.
Ashley Cole's big-money move away from Chelsea moved a step closer when Paris Saint-Germain let slip on Twitter that the 31-year-old is on his way to the French capital.
Former Chelsea boss Roberto Di Matteo, 42, is tipped to replace Nigel Adkins as manager of struggling Southampton.
Former Barcelona manager Pep Guardiola, 41, believes Chelsea owner Roman Abramovich is too 'trigger-happy' to be his boss.
Guardiola, who is on a self-imposed sabbatical from football, will snub Chelsea because he wants to succeed Sir Alex Ferguson as Manchester United manager.
Real Madrid's Cristiano Ronaldo, 27, claims Manchester City will not defend their Premier League title and believes his former club Manchester United will finish top.
Referee Mark Clattenburg may never officiate a Chelsea match despite being cleared of using "inappropriate language" towards Chelsea midfielder John Mikel Obi.
Having taken a swipe at new Chelsea manager Rafael Benitez, Manchester United manager Sir Alex Ferguson has launched a scathing attack on the London club over their accusation of racial language by referee Clattenburg.
Wolves have come up with a novel way of raising money for charity - auctioning a dugout panel with a hole in it that manager Stale Solbakken made after becoming livid when a last-minute penalty was awarded against his side in a Championship match against Brighton.