Fiorentina's Stevan Jovetic, 23, has replaced 31-year-old David Villa of Barcelona as the striker at the top of Arsenal's summer transfer target-list.
Contrary to previous reports Frank Lampard, 34, has not been approached by Chelsea about a new deal and no negotiations have been scheduled.
Lampard has offers from around the world for when his deal expires this summer, and the midfielder currently favours a switch to Premier League leaders Manchester United.
Tottenham manager Andre Villas-Boas has admitted that Spurs must qualify for the Champions League in order to keep winger Gareth Bale, 23, from the clutches of other clubs, with Real Madrid preparing an offer for the player in the summer.
Brazil forward Neymar, 21, will not be joining Manchester City, his club Santos have said.
West Brom are expecting several bids to be made for striker Peter Odemwingie, 31, and out-of-favour winger Jerome Thomas, 29, by Football League clubs now the loan transfer window has opened.
Aston Villa top scorer Christian Benteke, 22, plans to leave the relegation-threatened club at the end of the season. Arsenal are believed to be favourites to buy him, although Chelsea and Manchester City are also interested.
Stoke goalkeeper Jack Butland, 19, may go out on loan for all of next season after the club said it would take an enormous offer to convince them to sell current keeper Asmir Begovic. Both Manchester United and Manchester City have been linked with the 25-year-old Bosnian international.
Fulham want to turn 29-year-old full-back Sascha Riether's loan spell at the club from Cologne into a permanent deal.
Patrick Vieira, 36, is in line for a surprise return to Arsenal after manager Arsene Wenger spoke to him out about the job of replacing Liam Brady as head of youth development.
Nottingham Forest chairman Fawaz Al Hasawi says that his decision to name Billy Davies, 48, as the club's fourth manager in seven months does not mean he is an interfering owner.
Newcastle intend to continue concentrating on foreign markets to buy footballers as they insist British players are too overpriced.
Roy Hodgson has closed the door on a return to the England team for 34-year-old Manchester United defender Rio Ferdinand, in spite of the continuing problems the side are experiencing in central defence, including Gary Cahill's error against Brazil.
Chelsea striker Demba Ba, 27, returned to training on Thursday wearing a face mask to protect the broken nose he suffered against former club Newcastle United last weekend.
Arsenal midfielder Jack Wilshere, 21, has taken a swipe at former England manager Fabio Capello, claiming the atmosphere has improved under Roy Hodgson and the national team are now reaping the benefits.
Mario Balotelli, 22, has appeared to make peace with AC Milan's Paolo Berlusconi after the vice-president of his new team was accused of making racist remarks about the former Manchester City striker.
Tottenham have confirmed they will help former player Paul Gascoigne, 45, in his latest bid to seek rehabilitation for his problems.
Liverpool's 35-year-old defender Jamie Carragher, who has announced he is retiring at the end of the season, is weighing up several offers from television companies keen to see the knowledgeable player perform a similar role to that played by former Manchester United full-back Gary Neville at Sky.
Former Everton winger Andy van der Meyde, 33, warned fellow Dutchman Royston Drenthe, 25, not to move to the club in 2011 as there are too many temptations for footballers on Merseyside in his opinion.