Newcastle striker Demba Ba, 27, is set to complete a £7.5m move to Chelsea - the first of three new signings at Stamford Bridge.
The Magpies will pay Ba a £2m "loyalty" fee if he joins Chelsea in January.
Liverpool midfielder Joe Cole, 31, could be set for a January move to Queens Park Rangers as both clubs are set for talks.
But Liverpool have dismissed suggestions that they have bid £9.5m for Inter Milan's attacking midfielder Wesley Sneijder, 28.
Manchester United could sign former player Cristiano Ronaldo, 27, for as little as £60m from Real Madrid, with Old Trafford keeper David de Gea, 22, and winger Nani, 26, both part of the deal.
Former Italy manager Marcello Lippi has urged AC Milan to sign Shanghai Shenhua and ex-Chelsea striker Didier Drogba, 34.
QPR will give manager Harry Redknapp £20m to sign Rennes midfielder Yann M'Vila, 22, Marseille striker Loic Remy, 25, and West Ham midfielder Mohamed Diame, 25.
Southampton have offered £8m for Italy international defender Davide Astori, 25, but face fierce competition from Serie A duo Napoli and Juventus.
Sunderland are in talks to sign former Everton midfielder Tim Cahill, 33, on loan from current side New York Red Bulls.
Reading are interested in signing Ivory Coast defender Steve Gohouri, 31, from Maccabi Tel Aviv.
Standard Liege defender Rami Gershon is poised to join Celtic on loan until the end of the season.
Motherwell forward Jamie Murphy will hold talks about a proposed January move to Sheffield United.
Real Madrid and former Liverpool midfielder Xabi Alonso, 31, is considering a return to the Premier League.
Arsenal have given forward Theo Walcott, 23, two weeks to sign a new deal at the club.
Aston Villa manager Paul Lambert has held talks with the club's owner Randy Lerner and has been told he will only be given £10m in the transfer window to help address their slump in form.
Crystal Palace's sought-after winger Wilfried Zaha says he wants to move to a Premier League club in the January transfer window. Arsenal are reported to be one of the club's interested in the 20-year-old.
Liverpool manager Brendan Rodgers was struck down with the norovirus on Sunday before his side's win over QPR and was sent home while assistant boss Colin Pascoe was excluded from the dressing room at half-time for fear of passing it on.