For updated transfer news and gossip throughout the day, read our breaking news service Sportsday Live.
Pepe Reina's future at Liverpool is under threat, with manager Brendan Rodgers considering January moves for Birmingham's England goalkeeper Jack Butland, 19, or German prospect Ron-Robert Zieler, 23.
Swansea striker Michu, 26, is a target for Napoli and Genoa after his fine start to the season.
Spanish striker Fernando Llorente, 27, has paved the way for a move to Manchester City, Arsenal, Chelsea, Tottenham or Liverpool next year by confirming he will leave Athletic Bilbao when his contract expires in the summer.
Chelsea and Liverpool have begun talks over the £15m transfer of Blues striker Daniel Sturridge, 23, who is keen to move to Anfield.
Manchester United boss Sir Alex Ferguson has reportedly cooled his interest in Inter Milan midfielder Wesley Sneijder, 28, which could leave Manchester City free to sign the Netherlands international.
Former England goalkeeper Paul Robinson, 33, will demand a transfer from Blackburn if Tottenham's Brad Friedel, 41, returns to Ewood Park.
Aston Villa, Newcastle and Norwich will have FC Cluj winger Modou Sougou, 27, watched at Manchester United on Wednesday.
Newcastle manager Alan Pardew is plotting a £5m bid for Southampton midfielder and captain Adam Lallana, 24.
Brazilian Serie A outfit Sao Paulo are weighing up a January move for out-of-favour Arsenal defender Andre Santos, 29.
West Bromwich Albion boss Steve Clarke has laughed off reports of a possible January move from Liverpool for striker and leading scorer Shane Long, 25.
Arsenal and Chelsea could be forced to step up their pursuit of Paris Saint-Germain's midfielder Marco Verratti, 20, after Juventus emerged as serious contenders to sign him.
Brighton are ready to strike a deal for Matt Sparrow, 31, to rejoin Scunthorpe United in January.
Manchester United manager Sir Alex Ferguson believes Real Madrid boss Jose Mourinho could be the man to succeed him at Old Trafford.
Stoke owner Peter Coates believes manager Tony Pulis could be the best defensive coach in the country as his side home in on a clean-sheet record.
Norwich chief executive David McNally has pledged to press ahead with plans to develop the next generation of young Canaries after the club's academy was officially granted category one status.
David Beckham has been earmarked as the prospective owner of an emerging Miami-based MLS franchise.
FC Twente midfielder Leroy Fer has become a laughing stock among his team-mates after buying his girlfriend a £22,000 pet horse - only to find out she can't keep it as she lives in a block of flats.
QPR players have decided not to hold a Christmas party this year because of their position at the foot of the Premier League table. A club spokesman said: "We won't be holding a Christmas party this year" and when asked why this was the case, added: "Have you seen the league table?"