Manchester United boss Sir Alex Ferguson will offer midfielder Frank Lampard, 34, and left-back Ashley Cole, 32, the chance to move to Old Trafford when their contracts are not renewed by Chelsea at the end of the season.
Tottenham are ready to offer £10m for 20-year-old Crystal Palace winger Wilfried Zaha, but the Eagles value him at nearer £20m.
Paris Saint-Germain have joined the race to sign Arsenal and England frontman Theo Walcott who is out of contract in the summer.
Reading are hoping to beat QPR to the signing of 31-year-old Liverpool midfielder Joe Cole.
Mario Balotelli is staying at Manchester City - because club owner Sheikh Mansour is his No 1 fan.
Theo Walcott has dropped his biggest hint yet that he is ready to sign a new Arsenal contract, while out-of-favour defender Johan Djourou is a target for German side Hannover.
Chelsea are homing in on Sevilla striker Alvaro Negredo with the Spanish club desperate for money.
Southampton are set to pip Liverpool and Everton to the signing of Birmingham City's England goalkeeper Jack Butland.
Tottenham and West Ham are weighing up £3m bids for Valenciennes' Cameroon international left-back Gaetan Bong.
Norwich are set to offer £3m for Crystal Palace striker Glenn Murray, 29, who has scored 22 goals in his last 21 games.
Everton boss David Moyes is eyeing up a six-month loan deal for Manchester City wideman Scot Sinclair.
Liverpool and Tottenham are leading the chase for Inter Milan attacking midfielder Wesley Sneijder.
Chelsea midfielder Frank Lampard is being targeted by Italian side Lazio as he heads for the exit door at Stamford Bridge.
West Ham are set to sign left-back Stephen Warnock from Premier League rivals Aston Villa.
Roberto Mancini fears missing out on Robin van Persie will ultimately cost Manchester City their Premier League title.
Demba Ba's agents expect talks with Chelsea to resume this week after a hitch in the Newcastle striker's move to Stamford Bridge.
Swansea are to revive their long-standing interest in Bristol City's £3m rated Ghana winger Albert Adomah.
Wigan are hoping to sign right-back John Stones from Championship side Barnsley, who rate him at £3m.
Leeds boss Neil Warnock wants to sign Clint Hill and Shaun Derry from former club QPR.
Liverpool have had a loan bid for Barcelona striker David Villa rejected. The Spanish club want a £16m permanent deal for the 31-year-old.
Tottenham, Fulham, Stoke, West Brom, West Ham and Aston Villa all turned down the chance to sign Michu. The Spanish striker, 26, instead moved to Swansea for £2.2m and is the joint-second top scorer in the Premier League, with 13.
Meanwhile, the Swans are keen on Bolton's 22-year-old left-back Marcos Alonso.
Newcastle are still keen on West Ham defender James Tomkins, with the Hammers weighing up a bid for Southampton striker Rickie Lambert.
German side Eintracht Frankfurt want to sign midfielder Thomas Hitzlsperger from Everton when his contract ends later this month.
Alan Pardew has torn into the agents chasing a staggering £5million in commission for the sale of Demba Ba, branding them "sharks".
Liverpool are set to push ahead with a move for Paris Saint-Germain striker Kevin Gameiro.
Billionaire owner Sheikh Mansour will not sanction the sale of Mario Balotelli because he is a great "worldwide advert" for Manchester City.
Alan Pardew insists Newcastle's top scorer Demba Ba must sign a new contract in the next seven days or move in this month's transfer window.
Tottenham are in pole position to sign Schalke defender Lewis Holtby, 22, whose contract runs out at the end of the season.
Liverpool manager Brendan Rodgers hopes to sign Paris Saint-Germain forward Kevin Gameiro, 25, on loan.
Roberto Mancini set the tone for the new year by stating that Manchester United use their "power" to "control" English football and that Manchester City are paying the price for their failure to act swiftly in transfer market last summer.
Newcastle boss Alan Pardew has called on Demba Ba to make his intentions clear after the breakdown of the striker's transfer discussions with Chelsea.
Manchester United, Arsenal, Chelsea and Tottenham Hotspur will fight it out for the signature of Crystal Palace's £10m-rated forward Wilfried Zaha, 20.
Alan Pardew has challenged Demba Ba to commit himself to Newcastle United by signing a contract extension or admit he wants to leave the club.
Arsenal are expected to sound out Southampton over their 17-year-old defender Luke Shaw, with manager Arsene Wenger having identified the left-back as one of his transfer priorities for 2013.
Demba Ba's £7million move to Chelsea has been held up over the club's refusal to pay his agents the £2million in fees they are demanding.