Arsenal offer 'take it or leave it' deal for Draxler

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Arsenal have made a last-ditch bid to sign Julian Draxler.GettyImagesArsenal have made a last-ditch bid to sign Julian Draxler.

Arsenal have reportedly made a ‘take it or leave it’ offer for Schalke attacker Julian Draxler. The deal is expected to fall well short of the German international’s buy-out clause -- which, in any case, is not active until the summer -- but will include a number of add-ons.

Meanwhile, Southampton defender Luke Shaw is said to have his heart set on a move to Chelsea while Newcastle are already planning to spend their Yohan Cabaye millions.

Only days left in the January window...

23.00 GMT: That's your lot for today's On the Move. But wait! The PENULTIMATE day of the January transfer window is just around the corner, and we'll have a comprehensive round-up off all things gossip very soon.

22.07 GMT: The famous 'Sky Sources' are claiming "Fulham agree fee with Olympiakos for striker Kostas Mitroglou."

21.10 GMT: A line from European football guru Andy Brassell...

20.28 GMT: Tottenham's Paulinho has recently been linked with Real Madrid. Of the speculation, he told Sambafoot: "I leave these matters with my manager, but without doubt it is good recognition for any player to be coveted by a club with the history of Real Madrid. My head, however, is completely focused on returning to play and win at Tottenham."

19.44 GMT: Manchester United are still aiming to sign a midfielder before Friday’s transfer deadline -- but are virtually resigned to leaving their main targets until the summer. Full story.

19.12 GMT: Ignacio Scocco has tweeted a picture of hi signing a contract at Sunderland -- the Argentinian forward is joining from Brazilian club Internacional.

18.47 GMT: In Italy, Maxi Lopez has said he is glad to "be home again" after rejoining Sampdoria from Catania.

18.45 GMT: Reports in France suggest Toulouse are close to completing a move for Young Boys' Serbian defender Dusan Veskovac, 27.

18.30 GMT: Sunderland boss Gustavo Poyet isn't happy with Stoke, accusing the Potters and Mark Hughes of attempting to unsettle his players ahead of their Premier League meeting on Wednesday. “In the local paper, we haven’t thrown around any rumours that we are interested in any Stoke player -- which is what has happened down there for the last week,” Poyet told the Journal. “We have not had any formal approach or offer from Stoke, so for them to be linked with two very important players for us is very disappointing."

18.05 GMT: Here's what Schalke's press officer has said in response to rumours in Germany that Arsenal officials have arrived to talk about a potential move for Julian Draxler: "On Sunday, before and after the Hamburg game, our sporting director Horst Heldt told the press that there is nothing on the table with which, in his position as the sport executive and manager, he needs to be concerned . He could not rule out anything, but to underline the hypothetical character of his limitation, he added that he could also not rule out signing Cristiano Ronaldo. This position has not changed."

18.00 GMT: Sylvain Distin won't be going anywhere -- he has agreed a new deal with Everton, confirmed by the Merseysiders on Twitter:

17.40 GMT: Eldin Jakupovic has been recalled from Leyton Orient by Hull following the sending off of Allan McGregor against Crystal Palace on Tuesday night.

17.36 GMT: DONE DEAL! Millwall's promising striker Aiden O'Brien has joined League Two side Torquay United on a one-month loan deal.

17.32 GMT:Coventry City have terminated the contract of Leon Lobjoit by mutual consent, according to their official site.

17.28 GMT: DONE DEAL! Nottingham Nottingham Forest the signing of Algerian striker Rafik Djebbour from Olympiacos, the club have announced on their official website. The 29-year-old, who had been on loan at Turkish side Sivasspor from the Greek champions, has signed a two-and-a-half-year deal at The City Ground.

17.21 GMT: Barcelona youngsters Jean Marie Dongou and Macky Frank Bagnack have both agreed new long-term contracts with the club. Read more.

17.16 GMT: DONE DEAL! Newcastle have signed Borussia Moenchengladbach winger Luuk De Jong on loan until the end of the season, the Premier League club have announced on their website. The Magpies have the option to made the deal permanent, and the new No. 18's first game may well be the Tyne-Wear derby against Sunderland on Saturday -- talk about a welcome ...

17.10 GMT: Liverpool are pushing ahead with a bid to sign Ukraine winger Yevhen Konoplyanka before the transfer window shuts on Friday. Sources have told ESPN FC that Liverpool are in talks with Ukrainian Premier League club Dnipro Dnipropetrovsk to sign Konoplyanka, who would be likely to cost around 15 million pounds. Read more.

Take a look at the forward in action against England below ...

17.04 GMT: The Magpies have explained Cabaye's departure on their official website: "The Club wanted to keep him but the lure of Champions League football and the prospect of being involved in the sporting project at PSG was an opportunity that Yohan made very clear to us he wanted to take. Yohan leaves the Club with our best wishes for his future at PSG and, hopefully, as part of the French national squad for this summer's World Cup."

17.01 GMT: DONE DEAL! Yohan Cabaye has joined PSG on a three-and-a-half-year deal for an undisclosed fee, both clubs have confirmed on Twitter accounts.

16.58 GMT: DONE DEAL! Crystal Palace full-back Jack Hunt has joined Championship side Barnsley on loan until the end of the season.

16.56 GMT: Schalke striker Klaas-Jan Huntelaar says he is open to a move to the Premier League in the future and believes he can continue playing for another decade: “I have a year and a half left on my contract. I think I'll make a decision six months before the contract runs out." Read more.

16.51 GMT: Pictures have emerged of Yohan Cabaye in a PSG shirt [albeit superimposed] with the Newcastle midfielder set to be unveiled in Paris at 17:30 -- stay tuned for that one. https://pbs.twimg.com/media/BfKUnvICcAAcd_U.jpg:large16.46 GMT: Bayer Leverkusen are closing in on Valencia left-back Andres Guardado, with the player set to join the Bundesliga side this week according to the German media. “[Guardado] is an interesting man -- every coach wants to have good players,” Hyypia told Bild on Tuesday. Rudi Voeller, the club's sporting director, said: “We've known this player for a long time. That's, right now, all I have to say.” Read more.

16.42 GMT: Here's our full story on Dortmund's reaction to speculation over Lewis Holtby -- BVB press officer Sascha Fligge said at a news conference today: "You have made our day with your live coverage from the Dortmund hospital -- as good as a play." Read more.

16.32 GMT: Arsenal are looking to Blaise Matuidi to bolster their defensive midfield ranks, according to Goal. The PSG player's contract is up this summer, and Arsene Wenger could be tempted to bid for the French international given Mathieu Flamini's red card last night and ongoing injury problems for Aaron Ramsey and Jack Wilshere.

16.25 GMT: Swansea have recalled Kyle Bartley from his loan spell at Birmingham City. The 22-year-old has returned to the Welsh club as Michael Laudrup seeks to bolster his defence with a potential relegation battle looming.

16.17 GMT: Speaking to Surface magazine, Lyon president Jean-Michel Aulas has confirmed a bid from Newcastle for Clement Grenier has been received by the club.

16.12 GMT: Reports in his homeland claim Danish midfielder William Kvist will join Fulham on loan for the rest of the season. The former FC Copenhagen player has made just 12 league appearances for Stuttgart this season, and looks set to be joined by Greek striker Kostas Mitroglou.

16.02 GMT: With his move to Tyneside set to be confirmed in the coming hours, photos have already surfaced of Newcastle's new signing Luuk De Jong in a black and white shirt. http://pbs.twimg.com/media/BfKAFsUCIAAe47o.jpg15.55 GMT: Sky Sports reports that James Ward-Prowse believes the right decision for Manchester united and Chelsea target Luke Shaw is to stick with Southampton. "Obviously there is a little bit of banter flying around about the headlines, but that is just normal in football. He is settled, that is the main thing. You can see the fans love him as well, which is a good thing. This is the best club to be at at the moment." The Saints left-back could still make a move before Friday, but the signs seem to point to a bidding war in the summer for the Englishman's services.

15.47 GMT: Cardiff are set to take a big hit on Andreas Cornelius according to Wales Online, who reports that the Bluebirds are looking to sell the 8.5 million-pound striker back to FC Copenhagen for as much as five million pounds less than they paid this summer. The Danish club took to Twitter to reveal that they are in negotiations with the Premier League side over the player, and may complete a move before the January window shuts on Friday.

15.38 GMT: Arsenal and Liverpool are still hot on the trail of Barcelona starlet Isaac Cuenca, according to talkSPORT. The 22-year-old midfielder has been interesting the Premier league duo for a while now, and while he has just returned to full training following an injury, he could look to move for more game time given Barca's talent in his position.

15.25 GMT: The Guardian reports that Arsenal's chief transfer negotiator Dick Law is in Germany to open talks over a possible January deal for Schalke's Julian Draxler. Arsene Wenger seemed coy on transfer deals last night but suggested a signing could be made, and the young German could just swing the Premier League title race in the Gunners' favour.

15.15 GMT: Borussia Dortmund are seemingly after any striker with a pulse these days, as Bild reports that BVB are edging towards a deal for Manchester City's Edin Dzeko. The ex-Wolfsburg player would have to take a pay-cut to join Juergen Klopp's side, but he has been in fine form this season and may fancy being top dog at Dortmund given Sergio Aguero and Alvaro Negredo are first-choice for Manuel Pellegrini.

15.05 GMT: Paris Saint-Germain president Nasser Al Khelaifi has categorically told L'Equipe there is no chance of Lionel Messi joining the Ligue 1 club. "If we didn't have any limit, we'd bring in Messi. If Messi isn't coming to Paris, it's because some limits really exist." Read more.

14.50 GMT: Juergen Klopp has taken a predictably wry approach to rumnours over a bid for a certain Tottenham midfielder: "I've heard of Lewis Holtby, if that's enough for a rumour, there you go," he told a news conference today, while a Dortmund press officer says no Premier League player has had a medical in Dortmund today.

14.36 GMT: Goal reports that Victor Valdes is still set to leave Barcelona at the end of the season regardless of the situation surrounding the club's hierarchy. There had been speculation the goalkeeper could have stayed following Sandro Rosell's departure as president, but the shot-stopper looks intent on seeing out his contract with the Catalan giants before finding a new challenge elsewhere.

14.25 GMT: Borussia Dortmund want Manchester United striker Javier Hernandez to replace Robert Lewandowski, according to Sport Bild. The Mexico international could be tempted by a fresh start at BVB as his Old Trafford career has stalled this season.

Here he is in happier times for the Red Devils...

14.15 GMT: One Manchester United player who looks sure of his future is Sam Johnstone -- the 20-year-old goalkeeper has signed a new long-term deal at the club.

14.00 GMT: Brighton are valuing Sunderland and Crystal Palace target Will Buckley at 4 million pounds, according to the Mirror.

13.49 GMT: Fulham want to sign Kostas Mitroglou according to gianlucadimarzio.com, and will pay Olympiakos 11.5 million pounds for the Greek striker who will sign a four-year contract at Craven Cottage.

13.37 GMT: Juventus are still keen on Manchester United captain Nemanja Vidic Juventus according to Tuttosport, with the Bianconeri keen on taking the Serbian defender on a free transfer in June when his contract expires.

13.25 GMT: DONE DEAL! Dagenham & Redbridge have extended the loan of Lawson D'Ath until the end of the season, according to the club's official website. The 21-year-old Reading midfielder initially joined on a one-month loan deal in November.

13.15 GMT: Christoph Metzelder has weighed in on the Lewis Holtby saga by tweeting that the player has landed in Duesseldorf, and now is on the A40 motorway, but it's unclear which exit he'll take (Dortmund and Gelsenkirchen both have an A40 exit). This is what the January transfer window is all about...

13.00 GMT: Sky Sports are reporting that Liverpool's head of recruitment Dave Fallows has flown to Ukraine for talks with Dnipro winger Yevhen Konoplyanka.

12.52 GMT: The Daily Star reports that Arsenal's new 150 million-pound sponsorship deal with Puma could be their most important signing in January, as they could potentially use the extra cash and their new connections to secure a summer deal for fellow Puma advocate Radamel Falcao. The Monaco forward is out for the season after suffering a bad ACL injury last week, but may be tempted by a move to London after the World Cup.

12.40 GMT: More Sunderland news for you now -- the Black Cats will consider all possibilities for Alfred N'Diaye before deciding whether to sanction a fresh loan move for the midfielder. Meanwhile Connor Wickham -- recalled from a loan spell at Sheffield Wednesday -- may come into Gus Poyet's plans for tonight's crunch clash with fellow strugglers Stoke.

12.31 GMT: Hull defender Jack Hobbs has a trio of clubs to pick from this January, according to Tigers boss Steve Bruce. "We have accepted a bid from Forest, we have accepted a bid from Wigan and we have accepted a bid from Reading, so I would expect him by Friday to take up one of those options," he told Sky Sports.

12.20 GMT: Iker Casillas says his new Real Madrid record of over 11 hours without conceding is testament to how well the players are defending as a team, and suggests he will stay with Los Blancos in the long-term. “For me it was important to go through as then I can play the two games in the semifinals,” Casillas said. “I have already said I am going to stay, that is my dream, my idea, and my necessity. I am with this team since I was small. I want to enjoy the three years I have left [on contract] and, if I can, to play even beyond that for Real Madrid.” Read more.

12.14 GMT: French midfielder Elliot Grandin has left Crystal Palace by mutual consent, the club revealed on their official website. The 26-year-old joined the Eagles on a free transfer in the summer but only played one game for the side.

12.10 GMT: After ending negotiations to sign Mirko Vucinic amid pressure from fans, and with a move for Lazio's Hernanes stalling, Inter Milan could turn their attention to Manchester United's Nani, according to the Corriere dello Sport. Inter president Erick Thohir is in Milan, discussing potential transfer targets with club management and at least one new arrival is expected before the transfer window closes this Friday.

12.05 GMT: Lewis Holtby may be on his way to Dortmund, but the Times has other ideas -- the paper reports that Dimitar Berbatov will move to Tottenham, and Holtby will join Fulham on loan. BVB or the Cottagers? A tough choice...

12.00 GMT: Alan Pardew insists there is life after Yohan Cabaye -- and revealed last night he has been in crunch talks with Mike Ashley and Joe Kinnear in order to break into the huge transfer fee banked from the French international's exit. Read more.

11.51 GMT: Le Parisien has tweeted a picture of Yohan Cabaye in Paris -- it seems the Newcastle midfielder's move to PSG could well be completed today.

11.47 GMT: Some Sunderland news for you now -- Gustavo Poyet is unhappy with Stoke for unsettling his players with the Tigers after Lee Cattermole and Steven Fletcher, but the Black Cats boss is confident Mark Hughes will not succeed in signing the duo. Meanwhile Poyet hopes impending signing Nacho Scocco will help solve Sunderland's goalscoring problems.

11.43 GMT: Hull doesn't look like a likely destination for Thomas Ince, with the Tigers having already spent big on strike duo Shane Long and Nikica Jelavic.

11.39 GMT: The future of Juventus forward Mirko Vucinic remains unresolved after his move to Inter Milan broke down last week.said the player's agent Alessandro Lucci in the Corriere dello Sport. "He is at the centre of possible transfer negotiations, but he never asked to be sold before and he's not asking that now either." Read more.

11.35 GMT: Nacional defender Edson Andre Mexer, 26, and Auxerre's promising attacking midfielder Paul-Georges Ntep, 21, are expected to complete their moves to Rennes today.

11.25 GMT: DONE DEAL! TSG Hoffenheim send midfielder Andreas Ludwig, 23, on loan to second tier club TSV 1860 Munich until the end of the season. Ludwig has not played any Bundesliga football this season, and only featured for Hoffenheim reserve.

11.16 GMT: The future of Pablo Osvaldo is still up in the air, though the Mirror reports that West Ham will miss out on the Southampton striker as he begins negotiations with Juventus.

11.05 GMT: Napoli coach Rafael Benitez says new players are on their way and he's pleased that some of the names have not even appeared in the papers -- the perfect January transfer window for the former Liverpool boss, it would seem, as his side are set to sign Henrique from Palmeiras.

10.57 GMT: In one of the more curious deals of the January transfer window, Milan are set to seal a loan deal for Fulham's Adel Taarabt with Christian Zaccardo moving to Craven Cottage in exchange.

10.48 GMT: Arsenal manager Arsene Wenger has given his broadest hint yet that he may yet seal a major transfer in the January window after all after claiming he may "have a surprise" to announce before Friday’s deadline. “I hope we have something to tell you [on transfers], but not tonight,” was his cryptic response to a question about his transfer plans after his side's 2-2 draw at Southampton on Tuesday. “We lose a few players now and I have to think about it.” Read more.

10.44 GMT: Danilo D'Ambrosio is set to complete his move from Torino to Inter. The Nerazzurri are also expected to make more moves [such as Hernanes] on the transfer market after Thohir spent yesterday in talks in Milan.

10.35 GMT: Bundesliga II leaders 1.FC Köln have signed Poland international Pawel Olkwoski from Gornik Zabrze. The 23-year-old will join the club in the summer and has signed a contract until 2017, and Koln CEO Jorg Schmadtke is delighted to have “a very talented defensive player” on board. Olkowski can play at right back, and also on the right wing.

10.30 GMT: Inter Milan are close to signing Lazio player Hernanes, according to la Gazzetta dello Sport. The new club president Erick Thohir will pay around 13 million euros [£10.7m], and allow Lazio to keep full ownership of Ibrahim Mbaye.

10.20 GMT: Liverpool are pushing ahead with a bid to sign Ukraine winger Yevhen Konoplyanka before the transfer window shuts on Friday. Manager Brendan Rodgers is looking to make a high-profile signing after missing out on Egypt international Mohamed Salah, who instead joined Chelsea last weekend. And sources have told ESPN that Liverpool are in talks with Ukrainian Premier League club Dnipro Dnipropetrovsk to sign Konoplyanka, who would be likely to cost around 15 million pounds.

10.07 GMT: Juan Mata described his debut for manchester last night Read more.

10.00 GMT: Manchester City have launched a massive late bid for Porto defender Eliaquim Mangala, according to Goal. The Blues want the young centre-back and are prepared to part with 38 million pounds to land their man, though as with Fernando, it remains to be seen whether the Portuguese side will let a star player leave so late in January.

09.50 GMT: Borussia Dortmund are set to sell youngster Koray Gunter to Galatasary. "The negotiations have reached a final stage," BVB sporting director Michael Zorc told Ruhr Nachrichten. The 19-year old centre-back did not make it past Marian Sarr, the other Dortmund youngster, and could earn Dortmund some 2.5 to 3 million euros. Turkish media meanwhile claim Gunter, who is in Turkey already, will cost only 1 million euros. The Germany youth international is also eligible to play for Turkey.

09.44 GMT: Here's our full story on Ole Gunnar Solskjaer confirming that Cardiff are set to sign Wilfried Zaha on loan from Manchester United, while Fabio has joined on a permanent deal from the Red Devils. Read more “Hopefully we will get Wilf on loan signed from this place [Manchester United] and then we are looking good. Fabio is done, that was done late yesterday."

09.38 GMT: Goal reports that Manchester United have failed with late bids for Real Madrid left-back Fabio Coentrao and Porto midfielder Fernando, with neither side willing to let their players go so late in the January transfer window.

09.34 GMT: Luuk de Jong's move to Newcastle should be made official today, although Bild reports that the striker will only be leaving Borussia Moenchengladbach on loan as the Magpies did not offer enough money to buy De Jong outright. That will hopefully be cleared up later on today.

09.29 GMT: According to a tweet from Sat1, Lewis Holtby is for a medical at Borussia Dortmund today. The Tottenham midfielder has struggled for game time this season, and Spurs boss Tim Sherwood said he will let certain players leave due to a plethora of options in Holtby's preferred positions.

09.25 GMT: Young Barcelona striker [and Aston Villa loan target] Jean Marie Dongou has agreed a new deal with club until June 2017. The Cameroonian arrived at La Masia in 2008 at the age of 13 from the Samuel Eto’o Foundation, and currently plays for the Barça B team “This is a very important day in my career, I'm very happy," said Dongou. "When I came to La Masia and the day I made my debut at the Camp Nou are my two most memorable moments since I came here. I'm very excited to stay at the Club."

09.20 GMT: Lazio are keen on signing Helder Postiga, with coach Edy Reja saying at press conference that the Portuguese is a player who can partner Miroslav Klose. "If he comes, I'll be particularly happy." Meanwhile, he says goalkeeper Federico Marchetti "is not leaving", but Hernanes could.

09.15 GMT: L'Equipe says Nantes are interested in 24-year-old Esbjerg defender Kian Hansen and De Graafschap forward Piotr Parzyszek, 20.

09.10 GMT: Sky Sports sources are reporting that Newcastle have made an "undisclosed but substantial" bid for Lyon midfielder Clement Grenier -- we'll have more for you as and when we find out, but it looks like Alan Pardew could be putting the Yohan Cabaye's imminent transfer fee to use straight away.

09.00 GMT: Speculation still shrouds the future of Julian Draxler, but there's some good news for Schalke fans now as they have signed Joseph Boyamba from MSV Duisburg. The 17-year-old attacker will join the Knappenschmiede, Schalke’s youth academy, and has signed a contract until 2017.

08.38 GMT: Mirko Vucinic is training individually for Juventus, according to his agent. Alessandro Lucci in the Corriere dello Sport: "He is at the centre of possible transfer negotiations, but he never asked to be sold before and he's not asking that now either." The Monenegro striker had come close to a move to Inter this month and was previously linked with Arsenal and Tottenham.

08.07 GMT: Rummenigge also told Sport Bild that Bayern are not looking to sign Borussia Dortmund pair Ilkay Gundogan and Marco Reus. The European champions have already secured Mario Goetze and Roberto Lewandowski from BVB but Rummenigge insisted Bayern "are not interested in destroying Dortmund as a rival." On Gundogan and Reus, he added: "Who knows? Maybe those responsible will manage to prolong the contracts."

07.39 GMT: DONE DEAL A-League leaders Brisbane Roar have re-signed the club's former striker Jean Carlos Solorzano until the end of the season. FULL STORY.

07.35 GMT: Pep Guardiola suggested yesterday that Toni Kroos -- linked with Manchester United after David Moyes' scouting trip on Friday -- could leave Bayern Munich as he has yet to agree an extension to his current contract, which expires in 2015. However, the club's CEO, Karl-Heinz Rummenigge, has now told Sport Bild: "I hope we can reach an agreement with Toni. He is a player who we in principal want to keep. We now have to see if we can agree a contract that suits both Toni and FC Bayern in the end." Sport Bild reports that all talks have been put on hold until the summer.

06.30 GMT: Sky Sports is reporting that West Bromwich Albion are readying a bid to secure Valencia forward Jonas.

05.50 GMT: Arsenal manager Arsene Wenger has given a broad hint that he may yet seal a major transfer in the January window. READ THE FULL STORY.

04.00 GMT: According to the Daily Mirror, Fulham are in advanced talks to sign Olympiakos striker Konstantinos Mitroglou for 11 million pounds.

03.00 GMT: Cardiff manager Ole Gunnar Solskjaer confirmed his club will sign Wilfried Zaha on loan from Manchester United for the rest of the season, with Brazilian full-back Fabio also arriving from the Old Trafford club. READ THE FULL STORY.

Arsenal have made a final ‘take it or leave it’ 24.7 million pound offer to Schalke for the services of Julian Draxler, according to the Daily Star. The Germany international has long been linked with a move to North London and Gunners boss Arsene Wenger is now said to have made his move for a player that he believes can emulate club great Thierry Henry. It is believe that the 20-year-old has a buy-out clause of 37 million pounds at the Bundesliga club, which comes into effect during the summer, but Arsenal have reportedly proposed a deal that includes various add-ons that could finally prompt Schalke to hand over the star.

Southampton defender Luke Shaw is set to decline the advances of Manchester United with the Mirror reporting that the youngster wants to move to Chelsea. ESPN reported that United recently made a substantial offer for the 18-year-old but, according to the Daily Mirror, Shaw is willing to wait until Chelsea make the right offer for his services. The two Premier League giants have been hoping Shaw can fix their woes at left-back -- United hoping to replace Patrice Evra, while Chelsea’s Ashley Cole is entering the twilight of his career -- but a Blue at heart, Shaw appears to be hoping for a dream move to London.

And finally, Newcastle are already spending the money they should receive from the sale of Yohan Cabaye with The Sun reporting that Magpies have made a 8.5 million pound move for Lyon midfielder Clement Grenier. Paris Saint-Germain reached an agreement with Newcastle for the sale of Cabaye with the Premier League expected earn 23 million euros. And Newcastle boss Alan Pardew is wasting little time filling the void of the departing France international with the 23-year-old Grenier at the top of the club’s wish-list.

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