Frank Lampard could be heading out of Chelsea, with Demba Ba's arrival set to continue an eventful start to the month for the club. Joe Cole is leaving Liverpool it seems, and will head back to familiar turf as he is set to rejoin West Ham.
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- All the DONE DEALS
23:00 GMT: That's all for tonight people, so make sure you land yourselves right back here tomorrow morning for more of the same.
22:45 GMT: Lampard's agent has told @bbc5live that he has not given any interview about his client, so we're back to square one. Read here
22:28 GMT: Rennes' bad-boy Yann M'Vila - a target of Arsenal - could move if a good offer is made. "I am at Rennes at the moment so let's see what happens," M'Vila told reporters. "If the club receives a good offer and I like the destination then I will go, there is no doubt about that. Until that happens, nothing can be said."
22:13 GMT: DONE DEAL: Swiss champions Basle have confirmed the signing of Argentinian striker Raul Bobadilla from Young Boys.
22:09 GMT: Our man in the North East has found quotes from the dad of Fabricio Coloccini. Looking like there may be something in this after few weeks of speculation linking him with a move away.
"Fabricio wants to play for San Lorenzo and he is trying his best to find an elegant way to leave Newcastle," Coloccini's father told Indirecto on TyC Sports. We don't know what Newcastle will come up with, but Fabricio is trying to rescind his contract because he wants to be back at San Lorenzo. His contract is very good and that could complicate things in an attempt for him to leave Newcastle."
21:55 GMT: DONE DEAL : Pato has decided to move to Corinthians for ¬15 million from AC Milan. Full story here.
21:42 GMT: West Ham owner David Gold's son Jack has seemed to confirm the deal for Joe Cole when he tweeted: "Joe cole is now a #whu player ones again #hammercominghome."
21:39 GMT: BREAKING: Chelsea midfielder Frank Lampard will leave the side at the end of the season, according to his agent Steve Kutner.
21:00 GMT: DONE DEAL Gremio have signed former Lyon defender Cris on a one-year deal.
20:50 GMT: Atletico Madrid are keeping Falcao. You should know this already, but here's another denial that the striker will move this window from president Enrique Cerezo. He said: "It's totally false that Falcao is linked to [Real] Madrid. Falcao has a contract with Atletico Madrid and there's nothing more to say. It seems there is an attempt to de-stabilize Atletico."
20:22 GMT: Mauro Zarate’s representative Luis Ruzzi insists that his client will leave the club in January. "Now the war begins," he told Tuttomercatoweb. "We will not accept a loan because we have no intention of returning to Lazio."
19:42 GMT: Reports suggesting that West Ham have made a bid for Arsenal back-up striker Marouane Chamakh. One to watch... but it seems Joe Cole's move may not happen until Friday. No DONE DEAL yet.
19:17 GMT: Sir Alex Ferguson has confirmed the loan of Bebe to Rio Ave. He told the club's official website: "We feel the boy has got to get good experience at a better level than our reserve team. He’s gone to Rio Ave who are fifth in the Portuguese league at the moment – they have a young coach [Nuno] who has a very good reputation. Hopefully his spell in Portugal, where he is from anyway, could help him."
18:44 GMT: DONE DEAL:Juventus have announced the signing of defender Federico Peluso from Atalanta on a six-month loan deal.
18:14 GMT: AC Milan have ended their interest in Roma striker Pablo Osvaldo, according to club president Silvio Berlusconi. "Osvaldo exceeds the age limit we have set ourselves for a young team," the Rossoneri chief told La Gazzetta Dello Sport. "We could use [Mattia] Destro instead."
17:51 GMT: DONE DEAL: West Ham have signed Republic of Ireland Under-19 striker Sean Maguire from Waterford United.
17:45 GMT: BREAKING: Tottenham have revealed they have agreed to sign former Manchester United defender Zeki Fryers from Standard Liege.
17:30 GMT: Numerous reports suggesting Seattle Sounders striker Fredy Montero might be on his way to Millonarios of Colombia. It will be a 6-month loan deal, with the option to buy for £2,800,000.
17:20 GMT: Welshpremier.co.uk reporting that Airbus UK Broughton have signed goalkeeper Jamie Stephens on-loan from Liverpool. The club's chief operating officer, Stewart Roberts, said: "Airbus UK Broughton are delighted to welcome Jamie to the Hollingsworth Group Stadium for the remainder of the season."
17:15 GMT: All gone a little quiet on the gossip now. Still waiting for official word on Cole, Ba and Debuchy.
Here's what Stoke defender Robert Huth had to say on his teammate signing a new contract on Twitter: "Stoke have confirmed today that there will be 5 own-goals per season guaranteed over the next 6 years #Shawcross"
17:00 GMT: tutosport are reporting that Juventus want to sign Alexis Sanchez, or Liverpool forward Luis Suarez, during the summer transfer window.
16:50 GMT: Regarding Joe Cole transfer. Official statement and quotes will be out shortly. But the deal is certainly done.
16:44 GMT: Alexandre Pato will move to Corinthians very soon. "The decisive meeting with Adriano Galliani will be this afternoon or tomorrow morning," Corinthians director of sport Duilio Monteiro Alves has told Globoesporte.
16:32 GMT: DONE DEAL Joe Cole has completed his move to West Ham from Liverpool. The 31-year-old has signed a 2-and-a-half-year deal.
16:25 GMT: thisisstaffordshire.co.uk are reporting that Chris Birchall has signed a contract at Port Vale until the end of the season. The 28-year-old has signed up to Vale's promotion campiagn after leaving Columbus Crew in the MLS.
16:22 GMT: PA journalist Simon Peach has tweeted to say that Nigel Adkins has confirmed that Southampton will "not" be bringing in a new goalkeeper this month.
16:19 GMT: More Italian news from Football-Italia.net. Cagliari captain Daniele Conti has signed a new contract that ties him to the Rossoblu until 2014. Conti has played over 250 League games for the club since 1999.
16:14 GMT: Crystal Palace boss Ian Holloway has played down reports linking him with a loan move for Norwich's Jacob Butterfield report clubcall.com.
16:12 GMT: Bolton fans! burndenaces.co.uk are reporting that Bolton look set to make their first move of the January transfer window by opening talks with Barnsley over the transfer of Craig Davies. Dougie Freedman is hoping to open talks tomorrow.
16:06 GMT: More and more reports regarding Spurs' pursuit of Ezekiel Fryers. The youngster was almost snapped in the summer after leaving Manchester United. Looks like the defender will sign sometime this month.
15:55 GMT: Another Napoli player on the move? Christian Maggio's agent believes that his client could leave the club if the right offer is made, report Football-Italia.net. Maggio's agent is quoted: "He feels good at Napoli, but he has the ability to attract the attention of any top clubs in Europe." Sounds like Maggio and Eduardo Vargas (see below) are looking for new deals at the club, with their agents speaking out in this way.
15:46 GMT: More on Falcao: Atlético Madrid's managing director, Miguel Ángel Gil Marín, is quoted as saying: "Falcao has earned the right to decide his future." It looks like they have reached some sort of agreement, but nothing will happen until the summer.
15:43 GMT: BREAKING Phil Jagielka has signed a new 4-year contract at Everton.
15:42 GMT: BREAKING Interesting story emerging from Spain. AS are reporting that "Falcao has some kind of deal with Real Madrid."
15:40 GMT: More news on youngsters. Stevenage boss Gary Smith has confirmed the capture of Southampton youngster Sam Hoskins on a loan deal until the end of the season.
15:38 GMT: The Daily Mail are reporting that Liverpool striker Adam Morgan has been allowed to join Rotherham United on loan following the arrival of Daniel Sturridge at Anfield.
15:30 GMT: Crewe Alexandra have confirmed that loan midfielder Brad Inman has extended his stay with the Railwaymen for a further month. The Newcastle United loanee has been in impressive form since arriving and will stay until February 11th.
15:25 GMT: News for Brentford fans. Shaleum Logan has signed a new 18-month contract that will keep him at the club until 2014.
15:10 GMT: A lot has been said of Marko Marin and his poor time at Chelsea so far. More reports are suggesting he'll be loaned to Bayer Leverkusen in order to strike a deal for Andre Schurrle.
15:07 GMT: Thisisbristol.com are reporting that Bristol Rovers have signed Tranmere defender Mark McChrystal.
14:55 GMT: Still waiting for official word on Joe Cole, Demba Ba and Mathieu Debuchy. Still expect all 3 to go through today. But will there be any last minute complications?
14:37 GMT: AC Milan owner Silvio Berlusconi has admitted he would like to sign Roma starlet Mattia Destro. Whilst also giving more details on Alexandre Pato's situation: "Pato has promised to return to Milan in 2-3 years. I would like to sign Destro."
14:31 GMT: Update on Ryan Shawcross' contract. The 25-year-old defender signed a 5-and-a-half-year deal. It would take a huge offer to prize him away now, if the likes of Chelsea and Liverpool will still be interested in the summer, or perhaps next January.
14:30 GMT: football-italia.net are reporting that Napoli forward Eduardo Vargas is close to a move away. The player's agent is quoted saying: "It is very likely that he'll leave. That decision however, is entirely down to Napoli. The player just wants to play again in order to feel important."
14:24 GMT: Sky Sports are reporting that Spurs are after Al Ittihad midfielder Anas Sharbini. The player's agent is quoted saying: "His club and Tottenham are in talks about a transfer and I can only say that Spurs really want Anas. It is now up to clubs to agree transfer."
14:19 GMT: BREAKING Ryan Shawcross has agreed a new deal at Stoke City. Tony Pulis is quoted on the official Stoke Twitter page saying: "I'm delighted that Ryan sees his future here. It's fantastic news for us."
14:10 GMT: Molde manager Ole Gunnar Solskjaer has admitted that Vegard Forren is on his way out of the club. "We are in the final stage of talks with a club. It is possible that Vegard will travel for a medical and to negotiate a contract." Everton, Manchester United, and Fulham are reportedly interested.
13:57 GMT: The Daily Mail has linked Wigan with a move for Atletico Madrid goalkeeper Joel. The deal would be a loan move for the highly-rated Spaniard, in order to provide competition for Ali Al-Habsi.
13:55 GMT: Demba Ba is reportedly taking his Chelsea medical now. So the deal may be confirmed some time soon. Make sure you stay tuned!
13:50 GMT: Goal.com are reporting that Wayne Routledge has agreed to a new 4-year contract at Swansea. The 27-year-old has been excellent under Michael Laudrup, and has decided to commit to the Swans, with the signing to take place some time this week.
13:42 GMT: The Daily Express have reported that Arsenal have bid for "the new Michael Essien." Of course referring to Afriye Acquah, who is currently on loan at Parma from Palermo.
13:32 GMT: BREAKING The Mario Balotelli and Roberto Mancini training ground bust-up is sure to add to speculation linking the Italian international with a move away from the Etihad. Read the full story here: http://es.pn/XmkeoP
13:26 GMT: footballtransfertavern.com are reporting that Shakhtar Donestk's Fernandinho has played down links moving him away from Donetsk. But has said a future move is possible: "I’ll always want that, I can’t say I’ll never leave Shakhtar."
13:20 GMT: Some words from Sevilla president Jose Maria Del Nido: "Sevilla have no obligation to sell any player." Del Nido continued: "We decided to sign (Stevanovic) now so as not to lose out on him. We will not sell Negredo unless we receive a huge offer, nor Rakitic, Medel or Reyes. I can say we have offers for seven players and all have been turned down. For Negredo we rejected an offer of £13million."
13:12 GMT: DONE DEAL Update from earlier. It is now confirmed that André Hoffmann has signed for Hannover from MSV Duisburg.
13:07 GMT: The Daily Mail are reporting that if Crystal Palace midfielder Wilfried Zaha leaves the club this month, they will look to loan back the winger for the remainder of the season.
12:59 GMT: According to ghanasoccernet.com a number of clubs including West Brom, Chelsea, and Liverpool are chasing Ghana defender Samuel Inkoom.
12:55 GMT: DONE DEAL Colchester United have signed England Under-19 striker Dominic Samuel from Reading on a one-month loan. Samuel made his Premier League debut against Sunderland in December.
12:50 GMT: A number of sources claiming Stade Rennes midfielder Yann M'Vila may still make a move to England in this transfer window.
12:47 GMT: Update on Sunderland's reported pursuit of Guillaume Hoarau. The Times journalist Gary Jacobs has tweeted to say the PSG forward is now linked to a move to China.
12:45 GMT: Bluekipper.com is reporting that Everton want Belgian midfielder Vadis Odjidja-Ofoe on loan. This is said to be for replacing the injured Darron Gibson, and not the potentially outbound Marouane Fellaini.
12:39 GMT: Bad news for Millwall fans hoping for transfer movement anytime soon. Kenny Jackett is quoted in Newsshopper.co.uk saying: "There will not be anybody coming in this week. My estimate is if we bring any players in then it will be towards the end of January." The Lions are linked to Reading striker Simon Church.
12:28 GMT: Mark Lawrenson has told Liverpool Daily Post that he doesn't expect Everton to splash the cash in this transfer window. He went on to say: "I'm sure Arsenal and Tottenham fans find it a little sad they can’t challenge for the title."
12:24 GMT: DONE DEAL Sheffield United have completed the transfer of winger Jamie Murphy from Motherwell. Blades manager Danny Wilson said of the deal: "Jamie has a real eye for goal and will give us that bit extra quality in the final third that we need to unlock some stubborn League One defences."
12:22 GMT: DONE DEAL Ipswich Town have signed Australian central defender Patrick Kisnorbo on loan from Leeds until January 29th.
12:20 GMT: Insidefutbol.com are reporting that Atletico Madrid midfielder Arda Turan may join either Arsenal or Chelsea this month. Atletico manager Diego Simeone is quoted in Voetbal Primeur saying: "I have not heard anything... he has a contract with us."
12:17 GMT: More news on Spurs. It seems Danny Rose is looking to extend his stay at Sunderland. The 22-year-old joined on loan in the summer, and with an extended run in the team, is hoping to stay with the Black Cats beyond his loan agreement.
12:10 GMT: Numerous sources are now saying that Spurs are very close to securing a deal to sign Lewis Holtby. The Schalke midfielder will leave the club on a free in the summer, and Spurs are hoping to sign a pre-contract in the coming days.
11:59 GMT: According to TalkSPORT Real Madrid are looking to offload defender Fabio Coentrao. The Portugal international was wanted by Chelsea and Manchester City before joining Madrid for £27million in 2011.
11:50 GMT: Bild are reporting that Hannover are set to sign André Hoffmann, from second tier club MSV Duisburg. Hoffmann is a centre-back and can also play defensive midfield. He featured in 13 Bundesliga II matches this season and is a Germany Under-20 player. Transfer fee is reported to be £650,000.
11:48 GMT: According to Spanish website AS.com Chelsea, despite just agreeing terms with Demba Ba, are also looking to bid £24million on Real Madrid striker Gonzalo Higuain.
11:42 GMT: Harry Redknapp is quoted in The Metro saying that his team's win over Chelsea will attract some top players. "After that result people suddenly think 'maybe they do have a chance' and 'maybe it would be nice to go there and help get them out of the mess they’re in'." QPR are linked to Jake Livermore, Michael Dawson, Tal Ben Haim, and Anthony Réveillère.
11:39 GMT: Further quotes from Willian suggest he would also like a move to Chelsea. The 24-year-old told FourFourTwo.com: "I think I could well be playing at Chelsea with Oscar, but I'm trying to concentrate on my game at Shakhtar and forget about the offers."
11:38 GMT: FourFourTwo.com are reporting that Willian is open to a move to Spurs this month. The Brazilian has said: "Tottenham are a big team with a great structure and great players too. I would rate them with Chelsea, Arsenal and Manchester United." He continued: "Maybe next season, or even this month, but it's difficult to say anything because I'm totally focused on my work here, and I prefer not to lose my grip."
11:35 GMT: BREAKING NEWS Sky Sports are reporting that Demba Ba has agreed to join Chelsea on a 3-and-a-half-year deal.
11:30 GMT: BREAKING NEWS Athletic Bilbao have issued a statement on their club website stating that Juventus have contacted them about Fernando Llorente. The statement says that Juventus hope to "open negotiations" when Llorente's contract runs out on June 30th.
11:28 GMT: According to TalkSPORT Norwich are leading the chase for Celtic striker Gary Hooper. Sunderland and Stoke are both apparently in for the former Scunthorpe striker.
11:25 GMT: The Liverpool Echo are reporting that the Red's are looking to sign Ricardo Quaresma. The Portugal international paid out his contract at Besiktas in December, and is currently unattached.
11:18 GMT: Rumours are circulating on Vitalfootball.co.uk that Aston Villa are looking to sign Scott Parker on loan from Spurs.
11:14 GMT: Some news from Scotland now. Sky Sportsare reporting that Rangers are hoping to extend Neil Alexander's contract at the club. Assistant manager Kenny McDowall has said: "Will it be sorted soon? Hopefully. It's up to those upstairs. We've told them we're happy with him so it's a matter of getting the numbers right."
11:10 GMT: Gianluigi Buffon is set to extend his Juventus deal according to Soccerway.com, the veteran goalkepper has expressed his desire to end his career with The Old Lady.
11:07 GMT: Some words about new Reading signing Daniel Carrico from Brian McDermott: "He`s a really good person. He was captain of the side at Sporting Lisbon, there was a lot of interest in Europe for him and I know the two big clubs in Portgual were looking to sign him. He`ll come in on Thursday, I don't know about when he can play, we'll assess him in training and go from there."
11:05 GMT: Some news for Chelsea and West Ham fans. Yossi Benayoun has returned to Chelsea after his loan spell at Upton Park. The Isreal international will likely find it hard to break into the Chelsea team, so expect to see more movement from the midfielder in this window.
11:00 GMT: According to reports from Goal.com Swansea striker Danny Graham is set for showdown talks with Michael Laudrup. The 27-year-old is quoted as saying: "I'm 27, it's a short career and I want to be playing games. This could be my last big move...or it couldn't."
10:56 GMT: The Daily Mail are reporting that Chelsea may step up their pursuit of Manchester City defender Micah Richards. Chelsea boss Rafa Benitez would only say this however: "We don’t discuss other teams’ players."
10:50 GMT: Teamtalk.com are reporting that Fulham will attend a work permit hearing on Friday, to learn the fate of their proposed move for midfielder Derek Boateng. If successful, the 29-year-old will complete his move from Dnipro.
10.44 GMT: Some more from our friends at PA: "Cole will have a medical at West Ham today and the London club hope to have him
registered before midday tomorrow so that he can play in Saturday's FA Cup clash
against Manchester United."
10:36 GMT: BREAKING - According to the Press Association, Liverpool midfielder Joe Cole is having a medical with West Ham.
10:25 GMT: Oh, we do certainly have a French flavour this morning. Oui: The agent of Mathieu Valbuena has said only "one of the two Manchester clubs" could tempt the creative Marseille midfielder to leave his beloved Stade Velodrome.
10:01 GMT: A little more from Wenger: "If Squillaci finds a Club, he might go. Djourou might go as well."
09:45 GMT: Arsene Wenger has been speaking to the press this morning. On Walcott, he has said: "I'm convinced it will have a positive effect on the rest of the team if we sign him".
09:11 GMT: In Germany, Marco Russ has passed his medical at Frankfurt and is set to sign a loan deal today. The deal will include a buy-out option for Frankfurt.
08:50 GMT: More from France now, as reports claim Guillaume Hoarau has left PSG's winter training camp and returned to Paris to discuss a transfer to an undisclosed club. Everton, Sunderland and a 'Chinese side' have been linked.
08:23 GMT: How's this for a rumour - we cannot stress the latter word enough. Le Parisien quotes an unnamed Qatari source saying the owners want Cristiano Ronaldo and Jose Mourinho at PSG next season.
08:02 GMT: More from yer man Pards. The Newcastle United manager has said the club are on the verge of clinching a deal for Mathieu Debuchy, who is already being lamented by his soon-to-be former Lille team-mates. Full story.
07:44 GMT: And the transfer wheel keeps on a-spinning, despite these tender hours of the morning. Queens Park Rangers manager Harry Redknapp has confirmed the club's intent to hand Tal Ben Haim a contract until the end of the season. The defender is currently a free agent after leaving Portsmouth. Read.
07:16 GMT: Full story alert! Newcastle United boss Alan Pardew is confident he can cope with the departure of Demba Ba after confirming he expects the striker to join Chelsea. Here are all the details.
07:00 GMT: Here's this morning's paper round-up
Inter Milan have joined the race to sign Chelsea midfielder Frank Lampard, according to the Sun. With Wesley Sneijder likely to depart the San Siro, Lampard would be the ideal replacement for the Serie A club, offering the 34-year-old a chance to continue playing in Europe. The sale of Lampard would also free up some cash for the Blues, who are ready to snap up Demba Ba on Thursday. Alan Pardew confirmed Ba is close to completing a move to Stamford Bridge, insisting Newcastle can get their season on track despite the Senegal international's departure.
Tottenham have joined the race to sign Barcelona striker David Villa, the Daily Mail reports. Liverpool's request to acquire Villa on a loan deal was rejected earlier this week and it now seems Spurs and Arsenal are in a two-horse race for the Spaniard. Barca are only willing to sell Villa for an estimated fee of around £16 million. Chelsea are no longer in the hunt for the 31-year-old after signing Ba and the Catalan giants will only accept major offers for Villa to depart Camp Nou in January.
Mathieu Debuchy is set to complete his move to Newcastle today, according to the Daily Mirror. The Toon have reportedly struck a deal with Lille worth £5 million - much less than the Magpies were willing to spend on the Frenchman. Debuchy is expected to undergo a medical this morning and could be fit for Newcastle's FA Cup trip to Brighton on Saturday. "A player of his quality and stature will boost everybody - our senior players, our staff, everybody," Pardew said. "Defensively, we are so short. We need some defenders and that is what I have given as my message to the board."