Let's start at Chelsea where their search for a striker could finally be over.
The Telegraph report that AC Milan's Gonzalo Higuain is set to join on loan until the end of the season with the option of making the move permanent in the summer.
With the Argentine currently on loan at the San Siro parent club Juventus would have to rubber stamp the switch, however, and are more keen on a permanent sale.
More from Chelsea where the club are said to have rejected an approach from Barcelona for Willian this month.
The Catalan giants are long-term admirers of the Brazilian and - according to the Telegraph - have asked about a swap deal with fellow countryman Malcom heading the other way.
Jadon Sancho has no interest in a return to the Premier League and is loving life in Germany.
The former Manchester City youngster and England international has been linked with a move back - but he's more than happy where he is.
Asked by reporters if he plans to stay in the Bundesliga, Sancho said: "I will. I just want to play football and I'm getting that opportunity here. I'm happy right now."
Tottenham's Mousa Dembele is being linked with a move away this month, and Beijing Guoan are the latest club to show their interest in the Belgian.
Dembele has returned to training following an ankle ligament injury, but the midfielder's contract runs out in the summer.
And at 31, Dembele believes he is now struggling with the physical demands of the Premier League, which has ignited interest from the Far East according to the Daily Mail.
West Ham forward Marko Arnautovic is ready for a new challenge and wants the club to accept the £35m offer from a Chinese club, says his agent.
Danijel Arnautovic, the West Ham player’s brother and agent, believes the Premier League club have been presented with a ‘fantastic offer’ by an unnamed Chinese side and says the 29-year-old wants to leave.
In a statement, Danijel said: “It is his (Arnautovic's) great desire that West Ham accept the offer from China." However, determined to keep their talisman, a West Ham United spokesperson said: “Marko has a contract and we fully expect him to honour it. He is not for sale.”
To Liverpool where the league leaders are in the midst of something of an injury crisis. Virgil van Dijk is the Reds' only fit centre back after Dejan Lovren's injury at Wolves on Monday.
And The Sun report that Jurgen Klopp is considering a loan move for Burnley's James Tarkowski as cover.
The Clarets, however, have slapped a £50m price tag on him.
Ander Herrera appears set to sign a new deal at Manchester United, The Sun claims.
Despite interest from former club Athletic Bilbao, the 29-year-old is ready to commit himself to United after Ole Gunnar Solskjaer insisted he had a future with them.
Bayern Munich are still confident of signing Callum Hudson-Odoi despite Chelsea's insistence that they will hold on to the England youth international.
The Bundesliga giants most recently submitted an offer of £30m to sign the teenager, who is out of contract in the summer and looking for assurances over first-team minutes.
Hudson-Odoi is understood to initially have needed some convincing over a move to Germany but has been impressed by Bayern's commitment to trying to bring him to the Allianz Arena.
Real Madrid have made initial steps to prise Christian Eriksen from Tottenham Hotspur this summer, and are preparing what they hope will be a £100m deal.
The struggling European champions are planning a necessary overhaul of their squad this summer, and want one of Eriksen or Chelsea’s Eden Hazard to be their new playmaker, but the Dane is seen as more gettable.
While the contracts of both are up in 2020, Spurs’ way of doing business means they are seen by Madrid as likelier to sell for a fee in the last year.
Barcelona had previously been hugely interested in Eriksen, and saw him as an alternative to Philippe Coutinho before they signed the Brazilian a year ago, but do not now plan any move.
Valencia will make a move for West Ham United‘s Javier Hernandez in January, and believe the Mexican international wants to return to La Liga.
The Spanish club are eager to change their goal-shy attack due to the struggles of Kevin Gameiro and Michy Batshuayi, with the latter set to return to Chelsea after an unsatisfactory loan move.
Valencia’s financial situation means they would favour a similar temporary move for Hernandez, but that is seen as the main obstacle to any deal.
Meanwhile, United could finally land long-term reported target Ivan Perisic as Inter Milan look to raise money to fund a move for Luka Modric, The Sun reports.
The paper says a report in the Italian media indicates the Nerazzurri may look to sell Perisic in order to bring his Croatia team-mate Modric to Italy.