Chelsea midfielder Frank Lampard is set to move to the United States and join LA Galaxy. Galaxy want the 34-year-old for the start of the new MLS season but the Blues could insist on keeping the midfielder until the end of the Premier League season in May.
But Lampard could still end up moving to Italian side AC Milan.
However, Lampard's England career could be in jeopardy if he moves to Los Angeles rather than staying at Chelsea or moving to Milan.
Barcelona are expected to move to re-sign Liverpool goalkeeper Pepe Reina in the summer after Victor Valdes's announcement last week that he will not be renewing his contract.
Alternatively, Barcelona are prepared to offer up to £10m for Chelsea's Belgian goalkeeper Thibaut Courtois, 20.
Manchester United's bid to sign Crystal Palace winger Wilfried Zaha, 20, is on the brink of collapse after Palace rejected a £10m bid.
AC Milan are interested in signing Manchester City striker Mario Balotelli, 22, but not at City's asking price of £31m.
New Bayern Munich boss Pep Guardiola is set to make Liverpool's Luis Suarez and Atletico Madrid's Radamel Falcao his top targets when he joins the German club in July.
Stoke have told Swansea they will have to pay £4.5m if they want to sign the Potters' 28-year-old Trinidad & Tobago international striker Kenwyne Jones.
Sunderland are lining up a loan deal for Lazio's Argentine forward Mauro Zarate, 25.
West Ham have yet to agree a new deal with midfielder Mohamed Diame, 25, and he could join Arsenal before the end of the transfer window.
Newcastle are chasing Bastia midfielder Florian Thauvin, 19, but face competition from Arsenal.
Derby County will not let 17-year-old midfielder Will Hughes leave the club this month, despite interest from Manchester City.
Carlos Tevez has rejected Manchester City's offer of a new contract after telling the club he wants to see out the 18 months on his current deal before returning to Argentina to play for Boca Juniors.
Arsene Wenger will be offered a £30m deal to leave Arsenal and join Paris Saint-Germain this summer, with current PSG boss Carlo Ancelotti interested in succeeding Wenger at the Emirates.
Wayne Rooney has designed a diamond-encrusted motorbike, inspired by his overhead-kick against Manchester City, to sell at auction for the charity KidsAid.