Arsenal manager Arsene Wenger has run his eye over Crystal Palace starlet Wilfried Zaha, but then so has Manchester United and AC Milan, according to "le Professeur". Chelsea are willing to let Florent Malouda exit Stamford Bridge on a free transfer, but have not received a single enquiry about the forward. Meanwhile, fellow Frenchman Yann M'Vila could be making his way to the Premier League to play alongside Loic Remy, and Blackpool have barred phone calls from Liverpool over Tom Ince.
23:59 GMT: That's all we have for today, stay tuned for Friday's paper round-up with some interesting rumours floating about.
23:36 GMT: Galatasaray president Unal Aysal claims that Wesley Sneijder only has a matter of days to finalise a deal with the Turkish side. Sneijder's wife is reportedly hesitant to move to Turkey and Aysal said: "We'll wait another three or four days for Sneijder. If the deal collapses, we have alternatives. The player knows our proposals."
23:05 GMT: Toulouse coach Alain Casanova has expressed concern that midfielder Moussa Sissoko, 23, will leave the club on a free in the summer. "President (Olivier) Sadran has done all he could to keep him, for 18 months now," he said. "I find it strange that players developed by a club can, of their own volition, leave for nothing."
22.36 GMT: Barcelona midfielder Thiago Alcantara says he has no intention of joining Pep Guardiola at Bayern Munich. “I am playing for the best club in the world so I have no plans to move to Bayern,” he told reporters.
22.20 GMT: Paris Saint-Germain boss Carlo Ancelotti has batted away the latest round of questions about the club’s interest in Real Madrid star Cristiano Ronaldo. “Ronaldo is a fantastic player but, today, I do not think of him,” he told RMC.
22.09 GMT: Philadelphia Union manager John Hackworth, asked if Freddy Adu will be leaving the club in the imminent future, replied: “Possibly.”
21.46 GMT: CNN and Gazzetta dello Sport journalist Tancredi Palmeri tweets: “What solid alternative around for Victor Valdes? Looking at big clubs that want a keeper, I only see Arsenal (or Mufc if De Gea goes)”
21.27 GMT: And here is the story about Valdes and his refusal to consider contract offer from Barca.
20.59 GMT: Reports are coming out of Spain that Barcelona goalkeeper Victor Valdes’ agents told the club he won’t even consider signing a new deal at a metting today. Valdes seemingly wants to move abroad, but it is very rare indeed that a player of his standing wants to leave the Camp Nou. Onda Cero believes Valencia goalkeeper Vicente Guaita will be the top target for Barca.
20.51 GMT: Inter Milan president Massimo Moratti has provided an update (of sorts) on Wesley Sneijder’s potential move to Galatasaray.
“We are waiting for Sneijder’s decision, as we are agreed with Galatasaray on everything he told Turkish television channel NTV Spor. “Now it is up to the player and we hope he’ll decide soon. We hope he will make his decision as soon as possible.”
The Turkish club's director of sport Bulent Tulun said: “Sneijder has to resolve a €2 million problem with Inter. There is an agreement between Galatasaray and the player’s entourage. Based on the clause we signed, until February 5 the player cannot join another club.”
20.29 GMT: MLS side Seattle Sounders have taken 23-year-old Danish winger Philip Lund on trial as he searches for a new club.
20.02 GMT: DONE DEAL Wigan have signed Atletico Madrid goalkeeper Joel Robles on loan until the end of the seasonn. Story here.
19.42 GMT: AC Milan vice-president Adriano Galliani told Sky Sport Italia on Thursday that there had been no significant developments in the club’s bid to re-sign Kaka from Real Madrid.
“I have no news to give you today,” he said. “It’s true, I was very, very pleased with Kaka’s words. There is contact with Real Madrid, but at the moment I haven’t got any news for you.”
Asked if a deal was possible, he replied: “It will be difficult, very difficult. How hard will I try? We’ll see.”
18.57 GMT: It seems Sunderland striker Fraizer Campbell could be set to complete a move away from the club. Following earlier speculation of a return to Hull City, defender Matthew Kilgallon posted a photo on instagram earlier in the day of his team-mate’s locker with the caption: "Good luck in Cardiff."
18.28 GMT: Fulham boss Martin Jol has denied reports he has had a bust-up with John-Arne Riise but indicated that the left-back could leave Craven Cottage if interest materialises.
"That is speculation unless there is a club coming in for him, and I told him I have got a few other options there,” Jol said. “If he is doing better in certain areas he will be a very good player for me and if not I have got other options.”
18.01 GMT: DONE DEAL Bolton have confirmed that Martin Petrov has joined Espanyol. You might have thought it was a done deal when he gave a press conference for Espanyol on Monday, but apparently it was actually done today. Story here.
17.38 GMT: Sky Sports News is reporting that Norwich have bid "in the region of £5 million" for Swansea striker Danny Graham.
17.30 GMT: Lyon president Jean-Michel Aulas claims that Bafetimbi Gomis has turned down the chance to leave the club this month. "We had offers for Gomis, but he refused," Lyon's president told BeIn Sport.
Gomis himself has reiterated that he is settled at Lyon. "I want to finish the season here but the club also has their say, let's wait and see. Until the window closes there will be speculation," he told Sky Sports.
17.14 GMT: Besiktas have had an offer for Lyon striker Jimmy Briand accepted according to Lyon president Jean-Michel Aulas: "We accepted a proposal from Besiktas. But, before any transfer or a loan can be realised, it is essential that all three parties are in agreement. This is not yet the case." he told BeIn Sport.
17.01 GMT: Inter Milan defender Matias Silvestre's agent Eugenio Ascari: "He has refused moves to Genoa and Atalanta because he wants to try and get in the national team. Silvestre's ambition though, is to play for Napoli."
16.50 GMT: DONE DEAL Maurice Edu has completed a loan move to Turkish club Bursaspor - in a bid to prove he still has a long-term future at Stoke City. Story here.
16.36 GMT: Talks between Real Madrid and AC Milan are apparently underway to see Kaka return to Italy. We reported earlier that Kaka would be open to a move back to the San Siro, and it appears as if a loan deal could be struck before the end of the week. Full story.
16.14 GMT: Fulham have completed the signing of Cameroon-born wonderkid Noe Baba, Goal.com have reported. The 16-year-old prodigy has signed for the Craven Cottage club, who are waiting for international clearance from Fifa before formally announcing the deal.
15.55 GMT: Manchester United striker Federico Macheda's agent Giovanni Bia has said: "We are at an advanced point with Stuttgart. Negotiations are going well, he is a player who is liked by a lot of clubs. Two Spanish ones, for example, are looking to intervene. There are Italian sides too, from Siena to Bologna and others, but I think that Sir Alex Ferguson wants to send him to a foreign side outside of the peninsula. He’ll join a club on loan with the option to be signed outright as his contract expires in June 2014.”
15.31 GMT: West Ham midfielder Alou Diarra is reportedly going to switch to Espanyol in Spain. The Catalan club would be his 11th professional team.
15.18 GMT: DONE DEAL: Louis Saha has joined South African outfit Wits University. The former France international was recently released by Sunderland.
15.12 GMT: DONE DEAL: Udinese have officially announced the signing of Chilean wing-back Matias Campos from Granada on a four-and-a-half-year deal.
14.50 GMT: Bidding for Danny Graham: Colin Randall on when signing for Sunderland means crossing a tribal divide. Read the blog here.
14.42 GMT: Riccardo Saponara will be playing for AC Milan next season. The Rossoneri have signed Empoli’s share in the wide player for around £3.3 million, with Parma still owning the other half of his contract.
Empoli director general Pietro Leonardi has said: "There was no need for a face-to-face meeting with Milan, a telephone conversation was all it took to define the situation regarding the future of Saponara. He will join Milan in pre-season but will remain a co-owned player between our clubs."
14.24 GMT: Barcelona target Neymar could follow Pep Guardiola to Bayern Munich, according to report TalkSPORT.
The Brazil forward is under contract at Santos until 2014 and has of course said on numerous occasions that he will not leave until after his country has hosted the 2014 World Cup.
14.06 GMT: According to Goal.com, Tottenham are in talks with Schalke to accelerate Lewis Holtby's move to White Hart Lane and sign the midfielder in the current transfer window. This is of course something that has been rumoured before, but now Goal.com is reporting that talks are happening for the move to happen before the summer.
13.47 GMT: Wigan manager Roberto Martinez has played down speculation linking the club with a move for Leeds striker Luciano Becchio.
"We are looking for the right player, somebody that can help us. But the focus is on the players we already have here. I will never go into a position of mentioning names of other players that are involved with other football clubs. I don't think it is respectful. I don't like it when people do it about our players in the middle of a season and I would never do that."
13.30 GMT: Brighton and Hove Albion have received no offers for Craig Mackail-Smith and have no desire to lose their top scorer this month, reports TheArgus.co.uk.
13.17 GMT: Liverpool managing director Ian Ayre believes the club can still attract top players from around Europe.
"Can Liverpool still attract the best? Absolutely. Not only attract the best there is but also retain the best there is. Look at the commitment shown by the likes of [Luis] Suarez, [Daniel] Agger, [Martin] Skrtel and [Raheem] Sterling, who have all signed new deals," he told Liverpool's official website.
"I certainly have never been in any negotiation over the past year or so where any player or agent has told us that they don't think Liverpool is big enough or bright enough as an opportunity. We remain a world-class club and a world class attraction to players."
13.02 GMT: Update on Stoke striker Kenweyne Jones' future. Apparently the club have put a £5 million price tag on the striker. Full story.
12.51 GMT: ESPN FC contributer James Horncastle has tweeted: "Cavani signed new contract until 2017 in the summer. Buy-out clause worth £50 million included. De Laurentiis in no need to sell. Good luck, Arsene."
12.42 GMT: Dominic Poleon has committed his future to Leeds United by signing a new two-and-a-half year deal at the club reports Sky Sports.
12.29 GMT: Read the latest reaction to Pep Guardiola's move to Bayern Munich for the summer. His ex-players are pleased for him. Full story.
12.17 GMT: We have the latest news on Arsenal midfielder Theo Walcott, who will sign a new deal, according to Arsene Wenger. It's been a consistent transfer story this month, but Wenger thinks he'll certainly remain an Arsenal player. Full story.
12.01 GMT: DONE DEAL: Thomas Rogic has signed for Celtic on a four-and-a-half-year deal from A-League side Central Coast Mariners.
11.54 GMT: Manchester United chief executive David Gill has played down reports of Cristiano Ronaldo rejoining the Premier League giants. Full story.
11.37 GMT: Sky Sports are reporting that Sunderland have made a bid for Swansea striker Danny Graham.
11.22 GMT: Some quotes from Arsenal manager Arsene Wenger: "We are looking at [Wilfried] Zaha, but there is no bid yet. Whenever you call about any player, Man United or Milan are also interested. The truth is it's difficult. [Edinson] Cavani is a player I like, but he would cost a lot, our banker lives nearby, he's ready if we need him. Prices go up at the start of the window but mostly go down in last week. 90 percent of activity happens in the last week."
11.10 GMT: Sky Sports are reporting that Southampton defender Dan Seaborne is poised to join Bournemouth on loan.
11.00 GMT: Palermo vice-president Guglielmo Micciche on reported bids for Lazio pair Sergio Floccari and Mauro Zarate: "Floccari is a player who could have been of interest to us this month, but Lazio are right to keep a tight grip on him. As for Zarate, we are not looking for a player with his characteristics."
10.46 GMT: The injury to Spurs midfielder Sandro may mean that Tom Huddlestone and Jake Livermore stay at the north-London club. Both centre midfielders have been linked with loan moves to QPR and Fulham, but their cover may be needed by Spurs now.
10.24 GMT: Sky Italia is reporting that Siena midfielder Gaetano D'Agostino has agreed to join Pescara in a deal expected to be announced shortly.
Also, Juventus defender Reto Ziegler is reportedly a target for Genoa. Their sporting director Rino Foschi has said "We are talking with Juventus about him but it won’t be easy. At the moment there is no competition for him and he would complete our wide options were he to arrive."
10.13 GMT: Wolves have extended the loan deal of Leigh Griffiths at Hibernian until the end of the season. The striker is being investigated by Lothian and Borders Police for tweeting an allegedly racist remark last week, but he will be allowed to continue playing in the SPL for now.
09.58 GMT:We have seen Toulouse star Etienne Capoue compared to Marouane Fellaini and linked with Everton and Arsenal in recent weeks. However, there are claims that Arsenal are finally ready to make a £10 million bid to bring another Frenchman to the club.
09.47 GMT: Kaka seems open to a move away from Real Madrid. The former Milan midfielder could be tempted by a move back to the San Siro. "A future for me at Milan? I have a contract at Real Madrid, but the present situation is not good for me or Real," he said. "I’m at the club's disposal, but the two sides have to come to an agreement. I’m still very thankful to Milan, I love this city and I left many friends here. I'm open to any solution and I’ve already told this to Real Madrid."
09.38 GMT: Robert Lewandowski has promised "a suprise" to his fans on his facebook page. A new contract at Dortmund or a move to Manchester United?
09.36 GMT: Some news on Maurice Edu from ESPN's Ian Darke on Twitter: "Badly in need of a move - USA's Maurice Edu who rarely makes match day squad at Stoke and hasnt had a chance. Bursaspor in Turkey interested."
09.21 GMT: Swansea have reportedly made a bid of £2 million (with a further add-on of £1 million), for Kenwyne Jones. But it didn't match Stoke City 's valuation and they will have to try again.
09.13 GMT: Norwich City are set to receive a £1 million bid for striker Simeon Jackson from Championship side Wolves, according to the Express and Star.
09.06 GMT: QPR striker Djibril Cisse is set to join Qatar side Al-Arabi on loan until the end of the season for a fee of £400,000, according to reports. Sky sources claim that the club is actually Al-Gharafa .
08.54 GMT: French source LeSport10 claims that Ligue 1 big spenders PSG are ready to offer Fernando Torres an escape route from Chelsea. Could he reinvent himself in France?
08.26 GMT: In case you missed it from last night's quotes Arsenal boss Arsene Wenger was asked once again about Theo Walcott's contract. And it's even closer than the 'really close' it was a day or so ago. Now it's "I hope it will be soon. Very, very soon now."
08.15 GMT: Argentine side San Lorenzo want a decision over Newcastle captain Fabricio Coloccini next week. "We were always very clear and we said that it depends on the player," San Lorenzo president Matias Lammens told TyC Sports. "He [Coloccini] would be an emblem, we will wait until the end of this week - Sunday or Monday. But we do have a Plan B, and the preference of the coach is Mauro Cetto."
08.02 GMT: AC Milan are looking to sign Newcastle keeper Tim Krul, 24, and full-back Davide Santon, 22 apparently. Bit sceptical over that one though as Milan chiefs have said for weeks that they won't be doing any business this window.
07.46 GMT: Atletico Madrid coach Diego Simeone admitted that he does not know what will happen to Falcao in the near future. I think we might...
07.35 GMT: Ryan Giggs looks set to be offered an extension to his contract at Manchester United after manager Sir Alex Ferguson told MUTV the Welshman will "play for another year".
07.04 GMT: Standard Liege are poised to unveil Nagoya Grampus striker Kensuke Nagai as their latest signing. The Japan international is set to undergo a medical in Belgium, the club has revealed.
06.10 GMT: The Daily Mirror reports Norwich are plotting a January swoop for Celtic striker Gary Hooper.
04.40 GMT: Fulham are in talks with Roma over goalkeeper Maarten Stekelenberg, the Daily Mail reports.
03.35 GMT: Still in Australia, and Melbourne Victory have announced the signing of former Siena and Rangers forward Francesco Stella.
02.40 GMT: A-League club Adelaide United have granted a release to striker Sergio van Dijk so that the Dutchman can pursue an opportunity with Indonesian club PT Persib Bandung Bermartabat.
01.30 GMT: And we're back for another 24 hours of transfer goodness.
Florent Malouda appears to have outstayed his welcome at Chelsea, with a report in The Sun newspaper claiming the club are willing to release the forward for free in order to get his wages off their books. The only stumbling block, though, is that no other club has registered interest in signing him. Malouda currently earns £75,000 per week, and will likely need to lower his demands to complete a move in January.
Following their capture of Loic Remy, QPR are hot on the heels of another Frenchman in the form of Yann M'Vila of Rennes. Despite late interest from Everton, the Daily Mail states Harry Redknapp is close to securing a deal which would see his midfield bolstered considerably as they attempt to stave off relegation. Rennes are holding out for a transfer fee of £10 million.
In a bizarre twist in the Tom Ince saga, Blackpool have reportedly stopped taking Brendan Rodgers' calls, according to the Daily Mirror. Liverpool have been keen on the 20-year-old for some time, with a deal seeming imminent in recent months. However, Blackpool have evidently grown tired of fielding Rodgers' calls, opting instead to make the Kop boss sweat as the transfer window nears its close.