Rest easy, readers, Theo Walcott has reportedly made a decision on his Arsenal future. Meanwhile, Inter Milan's interest in Edin Dzeko could make room for Edinson Cavani at Manchester City and Ashley Cole has caught the eye of Sir Alex Ferguson. It could be an interesting Wednesday. Stay tuned.
- ESPN FC Transfer Centre
- All the DONE DEALS
23:59 GMT: That's a wrap for today, stay tuned for Thursday's paper round-up.
23:49 GMT:Internacional president Giovanni Luigi says Tottenham will need to make a "spectacular offer" if they want to sign Leandro Damiao in January. Story here.
23:19 GMT: Manchester United are ready to offer Crystal Palace £12 million for in-demand winger Wilfried Zaha, according to the Mirror.
22:43 GMT: QPR have reportedly made a bid in excess of £5 million to land West Brom defender Jonas Olsson.
22:32 GMT: Barcelona president Sandro Rosell has told RAC1 of the deal to sign Neymar from Santos: “I don’t think we’re his only option.” The transfer to take Neymar to the Camp Nou has been widely reported as a done deal, although there has been talk that the agreement is not set in stone...
22:15 GMT: Netherlands goalkeeper Maarten Stekelenburg is unlikely to be leaving Roma, according to agent Rob Jansen. "I spoke with [Roma general director] Franco Baldini, and at the moment there is no possibility that Stekelenburg leaves Roma," he told Calciomercato. "There are no offers from other clubs, but we are at the beginning of January and everything is still possible."
22:02 GMT: Saudi Arabian club Al-Hilal have confirmed they have received a bid from Sunderland for Kader Mangane which has been rejected. The player has expressed a desire to leave the club and join the Black Cats, with reports also claiming he recently submitted a transfer request. The 6' 5" defender was previously a target for West Ham and Arsenal and was once suspended for two months for breaking the leg of Valenciennes midfielder Jonathan Lacourt. "Today we received the official bid from Sunderland for Mangane, we will look into the offer and consider our position and we may see the player leave Al-Hilal this month," said their president Prince Abdulrahman.
21:52 GMT: Metalist Kharkiv boss Miron Markevich feels it might be wise to cash in on Chelsea target Taison. "He has a clause in the contract, according to which, if any club will offer $20 million (£12.4 million) or more, we will be forced to sell him,” he said, according to the London Evening Standard. "If this happens, I would urge the owner to part with Taison. I am sure that I can, for that money, buy two players to replace Taison and it will only strengthen the team."
21:25 GMT: Mainz have dismissed rumours Arsenal have made a move for Adam Szalai. "Arsenal haven't contacted us," Mainz general manager Christian Heidel said, according to Sky Sports. "We don't want to let our striker go in the winter transfer window. But that's another situation if someone willing to pay ¬20 million for him."
20:58 GMT: Croatia midfielder Ivan Rakitic does not plan to leave Sevilla despite reports Lokomotiv Moscow coach Slaven Bilic is keen to sign him. “Believe me, I know nothing about this,” Rakitic said in Sportske Novosti. “No one has contacted me. At the point, I don’t plan to leave Sevilla. Why should I? I love life here.”
20:45 GMT: Here is the full Wesley Sneijder story.
20:19 GMT: Inter Milan president Massimo Moratti has confirmed Galatasaray have agreed a transfer fee for Wesley Sneijder and it is now up to the player. Story to follow...
19:46 GMT: Sky Sports News reports that Manchester United have no interest in signing Chelsea midfielder Frank Lampard.
19:39 GMT: DONE DEAL: Malaga have announced that midfielder Recio has joined Granada on loan until the end of the season.
19:07 GMT: DONE DEAL: Celtic have confirmed Israel defender Rami Gershon has joined the club on loan from Standard Liege until the end of the season.
18:56 GMT: Abou Diaby has come through 65 minutes of a reserve game for Arsenal after his latest injury setback. HE'S LIKE A NEW SIGNING... Wenger will tell you.
18:45 GMT: Mario Gotze is happy at Dortmund and has no desire to quit yet. "I feel very comfortable in the city of Dortmund where I have friends and family," he told der Western. "That speaks volumes for BVB. My contract runs until 2016, so there's no reason for me to think about anywhere else."
18:33 GMT: Lee Camp has been told he can leave Nottingham Forest this month on a free transfer, according to Sky Sports. They may need to buy a backup goalkeeper though as they seem a little short of stoppers. However, new boss Alex McLeish has said: "In terms of players going out, we have not had any interest."
18:21 GMT: Napoli are poised to sign Udinese winger Pablo Armero on loan with a view to making the deal permanent at the end of the Serie A season. A statement on sscnapoli.it read: "Napoli have reached an agreement with Udinese that will see Pablo Armero wear the blue shirt. The left winger will arrive on loan with the option to buy out half of his contract at the end of the season."
18:14 GMT: Adriano Galliani says there is nothing happening at Milan, and that they are not keen to bring in Gaston Ramirez from Southampton. "There’s no need for Ramirez, we are fine as we are," he told Sky Sport Italia. "If someone leaves then we’ll see, but there are no 'gifts' on the horizon for the fans."
18:00 GMT: Our man in the north east, Kristan Heneage, declares that reports in the Middle East claim Sunderland have submitted a serious offer for Al-Hilal's Kader Mangane. The 29-year-old only joined the club in July last year, but is said to be interested in returning to Europe. Mangane, previously of Rennes, can play in midfield or at the back and has six caps for Senegal.
17:43 GMT: DONE DEAL - Motherwell have announced the loan signing of Huddersfield forward Kallum Higginbotham until the end of the season.
17:24 GMT: Some transfer-related reading cometh your way. Alfred N'Diaye, Sunderland's first transfer window signing, has been handed a shirt number of historic significance, writes Colin Randall.
17:05 GMT: DONE DEALS - Sir Alex Ferguson has let his son Darren borrow two of Manchester United's young players to help Peterborough in their bid to escape relegation from the Championship. Defender Scott Wootton has joined Posh for the rest of the season while midfielder Davide Petrucci has agreed a one-month deal at London Road.
16:42 GMT: More from yer man Tancredi Palmeri, who states that Coutinho's agent has told FcInterNews: "Aston Villa contacted us, they want him. But with all due respect to the offer, still nothing concrete"
16:23 GMT: Cercle Brugge have confirmed Eidur Gudjohnsen may move to a foreign club on a free transfer this month, although Perth Glory have told ESPN they are not interested in the forward. Here's the full story.
16:01 GMT: From Tancredi Palmer on Twitter: "Confirmation that Sneijder is taking time accepting Galatasaray bid because his agent made him aware a bid from Premier (League) could come in next days."
15:33 GMT: Good news for West Brom. Their Twitter feed reads: "Albion are pleased to confirm Romelu Lukaku will remain at The Hawthorns for the rest of the season."
15.08 GMT Borussia Monchengladbach keeper Marc-Andre ter Stegen says he has read the stories linking him to Real Madrid, but insists he is focused on life in the Bundesliga.
14.55 GMT If you fancy making the second half of the season that little bit more interesting, you can pick your Premier League fantasy squad now and challenge your friends.
14.36 GMT Harry Redknapp is keen for a reunion with William Gallas, with the QPR boss keen to make the Frenchman his first signing of the transfer window - from old club Tottenham.
14.28 GMT Bursaspor and Sunderland have confirmed that midfielder Alfred N'Diaye has joined the Wearsiders, though the length of contract is as yet unclear.
14.06 GMT Porto have signed Marat Izmailov from Sporting, with Miguel Lopes moving in the other directon. Izmailov said: "Everybody knows that Porto are a great team with a big, strong structure. Their results are better than those of any other Portuguese club. I hope to win trophies at Porto and to progress as a player and person."
13.57 GMT Blackburn Rovers have snapped up Chelsea Under-21 captain Todd Kane has on a one-month loan as cover for injured defender Grant Hanley. Kane is well and truly a graduate of the Chelsea academy, having played for the Blues since Under-8 level!
13.41 GMT Some lunchtime reading for you in the form of a piece from John Brewin on Frank Lampard, and more specifically why the Chelsea man deserves more recognition for his achievements.
13.26 GMT With Reading and Sunderland believed to be chasing Swansea striker Danny Graham, the Mirror suggests Michael Laudrup is keen to sign Stoke's Kenwyne Jones as a replacement.
12.51 GMT AC Milan are reportedly keen to bring Gaston Ramirez back to Italy from Southampton. The 22-year-old Uruguayan has impressed for Saints since moving to the Premier League from Bologna last summer.
12.27 GMT Highly rated Toulouse striker Wissam Ben Yedder is the subject of a £12 million bid by Shakhtar Donetsk, according to Sport 24.
12.04 GMT Scout's Notebook: Amid all the transfer speculation Chris Atkins explores just what Damiao could offer Spurs?
11.45 GMT DONE DEAL Bolton have signed Barnsley top scorer Craig Davies on a two-and-a-half year deal for a fee believed to be in the region of £300,000.
11.22 GMT Andre Wisdom has penned a new long-term deal with Liverpool. FULL STORY HERE
11.06 GMT Didier Drogba has been continuously linked with Juventus but Mina Rzouki questions whether the club really need him.
10.45 GMT Former World Player of the Year Rivaldo thinks he can still offer something to the game at the tender age of 40, with the Brazilian set to play in his homeland for Sao Caetano - the 15th club of his career . Rivaldo had been playing for Angolan club Kabuscorp but left in November, suggesting he might retire. Not yet!
10.22 GMT FULL STORY HERE on Manchester United being linked with Rayo Vallecano's Leo Baptistao.
10.00 GMT Should the Davide Astori and Philipe Coutinho deals come off it will show the rest of the league that Southampton mean business, writes Chris Rann.
09.43 GMT Our Inter Milan blogger Mike Whittaker has been pondering his club's January transfer targets and it appears 'affordable' is the Nerazzurri buzzword at the moment.
09.16 GMT Sevilla are believed to be chasing Hugo Almeida from Besiktas, but will probably have to loan out Manu del Moral first. They did loan reserve left back Luna, 21, to Mallorca on Tuesday until end of the season. Sevilla coach Michel has admitted that some other players might leave, with Slaven Bilic’s Lokomotiv Moscow circling around Ivan Rakitic. "Until January 31 anything could happen, a spectacular offer could arrive and nobody knows," he said. "(But) we will not lower the level of the squad, we are not that needy."
08.55 GMT AS reports that Manchester United scout Martin Ferguson was at Vallecas on Monday to spy on Rayo Vallecano attacker Leo Baptistao. The 20-year-old has been the revelation of the season but it it believed he has already agreed to move to Atletico Madrid this summer for about ¬6m.
08.32 GMT Italian website Tuttomercato claims Cagliari midfielder Radja Nainggolan is interesting Wolfsburg, with the Bundesliga club reportedly ready to splash out ¬10 million to land him.
08.11 GMT River Plate president Daniel Passarella has confirmed his trip to Milan is to sign Inter Milan's Ricky Alvarez: "I am here for Alvarez, Inter want to sell two players: one is Wesley Sneijder, the other could be Alvarez. I will meet one of their directors and then we’ll see what happens."
07.43 GMT Borussia Dortmund chief executive Aki Watzke has rubbished rumours that former midfielder Nuri Sahin is to re-sign for the Bundesliga champions.
07.26 GMT Lloyd Sam has penned a new deal with New York Red Bulls. The club's sporting director Andy Roxburgh said: "Lloyd showed our team and fans at the end of last season that he has the potential to be a very good player for us. We are happy to sign Lloyd, who is recovering well from his knee injury he sustained last year. He will be fit for pre-season."
07.01 GMT Hannover have confirmed they will sign 20-year-old Polish winger Pawel Wszolek from Polonia Warszawa and Brazilian defensive midfielder Franca from Coritiba FC.
06.30 GMT David Beckham is one of the most in-demand footballers on the planet at present but could his next career step be a move to Qatar? Officials from the Qatari Star League have offered him a bumper package according to the Sun - we can only imagine what 'bumper' entails. FULL STORY HERE
06:01 GMT: Danny Welbeck could be on his way out of Old Trafford, with Reading reportedly keen to sign the striker on a loan deal.
05:28 GMT: Some movement in the A-League today with Michael Marrone from Melbourne Heart headed to China for a trial with Shanghai Shenxin, while rivals Melbourne Victory have released Petar Franjic and Julius Davies.
04:19 GMT: Norwich have offered Celtic striker Gary Hooper £30,000-a-week to lure him away from Scotland, according to the Mirror.
03:47 GMT: Manchester City assistant coach Angelo Gregucci insists the club is still hopeful of signing Edinson Cavani, although Napoli's president wants a Balotelli-Cavani partnership in Serie A. Story here.
03:00 GMT: Manchester United are ready to swoop for Crystal Palace striker Wilfried Zaha, the Telegraph says. It is believed rival clubs have dropped their pursuit of Zaha "because, privately, they believe Sir Alex Ferguson has already secured the player."
01:14 GMT: Australian youngster Tom Rogic will join Scottish side Celtic at their mid-season training camp this Thursday. Story here
00:34 GMT: Here's today's transfer round-up from England's newspapers.
The most monotonous transfer saga in recent memory could soon be coming to an end, with reports that Theo Walcott is set to sign a five-year deal with Arsenal. The 23-year-old has toyed with Gunners fans by failing to commit his future to the club, but reports from a number of English newspapers suggest Arsenal have finally made an offer to please the winger. The Mirror, Daily Mail and Guardian all report that Walcott is set for a mega pay day with talks underway to finalise a £25 million deal, keeping him at the club until 2018. It seems Walcott has taken the driver's seat since refusing Arsenal's take-it-or-leave-it proposal last month, with his form and the improved offer of £90,000-a-week proving he is a vital part of the Gunners' long term plans.
£25m seems to be the going rate for forwards in the transfer window and Edin Dzeko is the latest Premier League star linked with a mammoth price tag. Inter Milan are reportedly contemplating a move for the Manchester City striker, according to the Daily Mail, although he is competing with Marseille's Loic Remy and Internacional's Leandro Damiao for a move to the Serie A giants. Remy and Damiao are both linked with Premier League clubs, meaning Dzeko could be at the top of Inter's hit list as City continue their pursuit of Napoli's Edinson Cavani.
The rivalry between Chelsea and Manchester United could intensify even further, with Ashley Cole the latest Blues player linked to the league leaders, the Sun says. Cole could join team-mate Frank Lampard at Old Trafford after the midfielder was linked with a switch to United on Tuesday. Sir Alex Ferguson is likely to offer a 12-month contract to Lampard and Cole, although the latter could be persuaded by a bumper deal from big-spending Paris Saint-Germain if the Ligue 1 leaders continue their interest in him.