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Arsenal are preparing a £26 million (€33m) offer for Barcelona and Spain forward Pedro.
Manchester United and Chelsea will both try to sign Paul Pogba from Juventus in the summer. The midfielder is also wanted by Arsenal and Manchester City and could cost up to €90 million (£70m).
Manchester United could spend £30m in the January transfer window. Louis van Gaal's top targets remain Kevin Strootman and Ron Vlaar.
Rolando Aarons' Newcastle contract talks have broken down after the player rejected a six-year deal worth €7,500-a-week. Arsenal and Liverpool are interested in the teenager.
Liverpool are considering replacements for captain Steven Gerrard and could move for Aston Villa's Fabian Delph in January.
Manchester City defender Matija Nastasic is set to leave the club in January, with both Schalke and AC Milan interested in the centre-back, who could cost €12,5 million (£10m).
Manchester United have no plans to bring Nemanja Vidic back to Old Trafford from Inter. The defender is unsettled at San Siro but the Red Devils are not interested in re-signing the centre-back.
David de Gea will sign a new contract at Manchester United in the coming weeks with his new deal set to run until 2020. The goalkeeper as rejected interest from Real Madrid to stay at Old Trafford.
Augsburg left-back Abdulrahman Baba has not received any offers from AC Milan or Roma, despite recent speculation.
Manchester United are hopeful of signing Roma midfielder Kevin Strootman in January. Roma's elimination from the Champions League has left United optimistic they can negotiate a move despite Roma's insistence he will not be sold.