For transfer news and gossip throughout the day, read our breaking news service Sportsday Live
Newcastle boss Alan Pardew has agreed a £10m deal for 25-year-old Marseille striker Loic Remy - paving the way for Magpies forward Demba Ba, 27, to leave in January.
Arsenal and Liverpool target Fernando Llorente is set to meet Juventus officials on Monday in a bid to thrash out a deal that will see the 27-year-old old Spain striker leave Athletic Bilbao.
Chelsea have been told to cough up £30m if they want to sign 28-year-old Corinthians striker Paolo Guerrero, who scored the winner against them in the Club World Cup final.
Manchester United want Benfica centre-back Ezequiel Garay to beef up their shaky defence. The club are ready to bid £15m for the 26-year-old Argentina defender at the end of the season.
Arsenal have turned down a bid of £2.5m from Turkish side Galatasaray for their Brazilian left-back Andre Santos. The Gunners want to recoup £5m of the £6.8m they paid Fenerbahce for the 29-year-old last term.
Former England goalkeeper Paul Robinson will be put up for sale by Blackburn Rovers. Southampton, West Brom, West Ham and Fulham are all reported to be interested in the 33-year-old.
Liverpool are set to add 19-year-old Birmingham and England keeper Jack Butland to deals for Daniel Sturridge and Thomas Ince, as Reds manager Brendan Rodgers targets a triple swoop of English talents. Chelsea striker Sturridge, 23 and Blackpool winger Ince, 20, are also expected to complete their moves in January.
However, Liverpool's initial offer for Ince is significantly short of Blackpool's valuation.
GLOBAL GOSSIP (sourced by BBC monitoring)
Zambian international Felix Stoppila Sunzu, 23, has reportedly chosen to sign for Reading, despite interest from Arsenal. The striker will travel to England to sign his new contract after a forthcoming international against Tanzania.
Argentina legend Diego Maradona is "one step away" from being named coach of the Iraq national team. A spokesman for World Cup winner said the deal would be done before the end of 2012.
Hours after Paris St Germain winger Nene, 31, wrote on his website of his desire for "freedom" from the club, coach Carlo Ancelotti said that the Brazilian has not made an official transfer request. "He has not asked for a departure officially," the Italian said. "You know, I do not have time to go online. He has not talked to me or the club."
Manchester United midfielder Paul Scholes plans to retire again at the end of this season, with fellow veteran Ryan Giggs also set to leave and defender Rio Ferdinand yet to indicate if he will extend his contract.
Former QPR striker Les Ferdinand is set to return to the club in a coaching role under manager Harry Redknapp.
Everton manager David Moyes has revealed his ambition to coach in a European league one day - and named Germany as the most appealing option.
Journalists, fans and Uefa officials were left stunned after the Champions League last-16 draw produced exactly the same ties in both the rehearsal and the real thing - the odds for which are 5,000-1.