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Arsenal have reportedly matched Chelsea's bid for Loic Remy, activating the QPR striker's release clause and will attempt to hijack his move to Stamford Bridge.
Real Madrid are considering a move for Manchester United forward Javier Hernandez. The Mexican is seen as the contingency plan if Madrid cannot seal a deal for either Radamel Falcao or Alvaro Negredo.
Sergio Romero's agent has flown to England in a bid to push through the goalkeeper's transfer to Liverpool. The Reds had agreed a few but the transfer has stalled due to his wage demands.
Paris Saint-Germain are keen to take Chelsea goalkeeper Petr Cech on loan for the rest of the season after Jose Mourinho selected Thibaut Courtois ahead of the 32-year-old.
Manchester City right-back Micah Richards is on the verge of joining Sunderland on a season-long loan deal after finding opportunities limited at the Etihad.
Tottenham and Everton are in pole position to snap up Manchester United striker Danny Welbeck. The forward is available for €19 million.
Hatem Ben Arfa has turned down a move to Besiktas and is keen to stay at Newcastle and fight for his place. The Frenchman was left out of the Magpies' squad for the 3-3 draw with Crystal Palace.
QPR striker Loic Remy has agreed a move to Chelsea in an €10m deal. The Blues triggered the France international's release clause, following Fernando Torres' departure, with Remy subsequently agreeing terms with the Blues.
Birmingham are interested in taking Newcastle's Hatem Ben Arfa on loan. Blues boss Lee Clark can offer the Frenchman regular football and a fresh start at St Andrew's.
Arsenal have made a new €20m bid for Borussia Dortmund defender Sokratis Papastathopoulos. The Gunners originally offered €14m for the Greek international who is valued at £25m.