Liverpool striker Luis Suarez has raised doubts about his future at Anfield, saying: "We will see at the end of the season what Liverpool's position is - we're not the Liverpool of old."
Manchester United are tracking Benfica's Argentina international central defender Ezequiel Garay, 26.
Chelsea could meet the £5m buy-out clause for Santos youngster Neilton, 19 who has been described as the "new Neymar".
Billy Davies is set to become Championship side Nottingham Forest's third manager this season, while Wigan coach Graeme Jones is the shock name at the top of Huddersfield Town's managerial hit-list.
Manchester City midfielder Yaya Toure returned from the African Nations Cup and warned rivals United that the title race is far from over.
City want to sign Napoli striker Edinson Cavani, 25, but the Uruguay frontman has a buy-out clause of around £50m.
Bayern Munich will challenge Manchester United's bid to sign Borussia Dortmund striker Robert Lewandowski, 24, who is rated at £24m.
Arsenal striker Olivier Giroud insists he has made a bigger impact for the Gunners than Robin van Persie.
Luis Suarez claims that hearing the Liverpool fans sing 'You'll Never Walk Alone' makes him want to stay at Anfield for years to come.
Manchester City will have to battle it out with 10 European giants to sign Napoli striker Edinson Cavani, 25, who will cost as much as £55m.
City are also monitoring Atletico Madrid frontman Radamel Falcao, 26, with Chelsea also interested.
Birmingham have a 20 per cent sell-on clause included in the deal that took goalkeeper Jack Butland to Stoke City.
Liverpool defender Martin Skrtel is wanted by former club Zenit St Petersburg, with the Russian transfer window open until February 24.
Wigan midfielder James McCarthy has refused to rule out leaving the DW Stadium in the summer after being linked with Arsenal and Liverpool.
Atletico Madrid want to take Manchester United goalkeeper David de Gea on loan next season.
West Brom striker Peter Odemwingie is line for a move to Championship side Crystal Palace when the emergency loan window opens on Thursday.
Stuart Pearce is preparing to go into battle against Arsenal boss Arsene Wenger as he bids to include Jack Wilshere and Alex Oxlade-Chamberlain in his England Under-21 squad for this summer's European Championships.
Arsenal manager Arsene Wenger could return for Toulouse midfielder Etienne Capoue after failing with a move for the France international, 25, in January.
Tottenham are tracking Hamburg's South Korea striker Son Heung Min, 20, who has impressed in the Bundesliga this season.
Crystal Palace are interested in taking West Brom striker Peter Odemwingie, 31, on loan.