For a list of confirmed transfers, check out the transfers page.
Follow breaking sports news every weekday with Sportsday.
ENGLAND V GERMANY
Germany boss Joachim Low has dismissed suggestions his decision to rest several key players for Tuesday's friendly against England is in any way disrespectful and the 53-year-old was generous of his praise for his opposite number Roy Hodgson.
Tottenham midfielder Andros Townsend, 22, has been marked out by Germany as England's danger man ahead of the friendly, with Low describing England's wide players as "very impressive".
But former Germany and Liverpool midfielder Dietmar Hamann has mocked the way Townsend has emerged from relative obscurity to become England's new "saviour".
England boss Roy Hodgson, 66, has said learning abut his players is more important than beating Germany.
England captain Steven Gerrard is hoping a series of special back injections will extend his career for at least two seasons after crediting the procedure for his return to top form.
Barcelona are considering a surprise January bid for Fulham striker Dimitar Berbatov. The Spanish champions want the ex-Manchester United man, 32, to provide experienced cover for the injured Lionel Messi.
Newcastle must fight off six other top-flight clubs to land Manchester United's Wilfried Zaha, 21, on loan.
Belgium forward Eden Hazard has told Chelsea team-mate and compatriot Kevin De Bruyne, 22, to quit Stamford Bridge to save his World Cup dream.
Galatasaray boss Roberto Mancini is thought to have dropped his interest in Chelsea captain John Terry after learning the 32-year-old has no intention of leaving Stamford Bridge in January.
Arsenal are closely monitoring Croatian starlet Alen Halilovic, 17, after Tottenham were unable to seal a deal for the Dinamo Zagreb attacking midfielder.
Fulham are interested in signing Brazilian midfielder Anderson, 25, on loan from Manchester United when the January transfer window opens.
Liverpool believe they have won the race for Derby County midfielder Will Hughes. It is thought the Championship club would allow the England Under-21 international, 18, to leave Pride Park for about £12m.
Manchester United, Arsenal, Tottenham and Liverpool are interested in Torino winger Alessio Cerci. The Italy international, 26, has scored eight goals in 12 Serie A games this season.
Liverpool owner John W Henry is sending his own private jet to Montevideo in order to ensure Uruguay international Luis Suarez returns to Merseyside in peak condition for Saturday's derby against Everton.
England midfielder Michael Carrick, 32, has agreed a two-and-a-half-year contract extension at Manchester United as he looks to end his career at Old Trafford.
Former Chelsea and Sheffield Wednesday defender Dan Petrescu is keen to be named as Crystal Palace's new manager. The Romanian, 45, impressed the Premier League club's hierarchy during talks in Russia, where he currently manages Dinamo Moscow.
However, Petrescu's appointment is far from complete as the two parties are yet to agree on the terms of the deal.
Chelsea midfielder Oscar, 22, says he almost signed for Real Madrid - then managed by current Blues boss Jose Mourinho - in 2012 before moving to Stamford Bridge.
Tottenham manager Andre Villas-Boas fears midfielder Christian Eriksen will miss three months with an ankle injury sustained on international duty with Denmark.
Germany's players and staff surprised London Underground travellers by taking the Tube to their Wembley training session for Tuesday's international match against England.