The transfer window slams shut at 11pm on Thursday evening, with clubs all over Europe looking to finalise their squads for the remainder of the season.
There's more often than not a late flurry of activity, and who can forget deadline day two years ago when Fernando Torres and Andy Carroll both made record-breaking transfers to Chelsea and Liverpool respectively.
While, we're not expecting the same level of last-minute transfer madness, there are bound to be a few deals left until the 11th hour.
Here, TT's James Marshment picks out five likely movers on Thursday.
1. Tottenham buy Leandro Damiao
Spurs' need for a new striker was never more evident than on Sunday as they crashed out of the FA Cup with a whimper - and without a recognised senior striker on the field during their 2-1 defeat at Elland Road.
With fitness concerns mounting over Jermain Defoe, and Emmanuel Adebayor currently away on African Cup of Nations duty, the club have relied on Clint Dempsey as a makeshift centre-forward.
While the American has performed admirably - scoring eight goals so far for the club and five in his last five - his best position remains as an attacking midfielder, or on the left-hand side of a front three.
All of which leaves Andre Villas-Boas still seeking a goalscorer - and the club could finally push through their long-running interest in Internacional striker Leandro Damiao by making a concrete bid for the Brazilian.
An offer of £20million could persuade Internacional to sell, and judging by this clip of his talents it's easy to see the quality Spurs admire so much.
2. Balotelli moves to Milan
It's probably been the saga of this transfer window so far, but now it seems, finally, that Manchester City are set to say arrivederci to Mario Balotelli.
Love him or loathe him, Balotelli has constantly been in the public eye since his move to the North-West in August 2010.
But while his on and off-field shenanigans have been a constant source of amusement to us all in TEAMtalk Towers...
...it is clear something has been amiss with Mario this season.
As much as City deny it, it does seem a parting of the ways is inevitable this time around - and don't be surprised to see Balotelli finalising a move to AC Milan before Big Ben chimes for 11pm.
3. Leeds sell Becchio and loan Morison
I love Luciano Becchio as much as any other Leeds fan and the fact that he's the club's 10th record goalscorer (having only been at the club since 2008) tells it's own story.
But Becchio seems determined to quit Elland Road for pastures new, and the club admitted last week that they will not be increasing their contract offer to him.
A move to Wigan, and an unnamed Turkish club, have been mooted as suitors, while clubs in China appear to be sniffing around - but wherever he ends up, I can't help but feeling that the player won't be missed.
OK, so he's very much adored by the fans and his goals (75 goals in 190 appearances) will be hard to replace. But, with just 18 months left on his deal, Leeds would be advised to cash-in now on a striker who is currently very much playing at the peak of his powers. His lack of pace is obvious for all to see and he'd get badly found out should Latics follow-up their interest and bring him into the Premier League. Leeds insist they won't sell unless it matches their valuation, and while £3million has been mentioned, a fee of half that would convince the club to sell.
With the money, however, Leeds would be advised to bring in another striker and ideally I'd like the club to revive their interest in Norwich striker Steve Morison, who has found himself well down the pecking order at Carrow Road this season.
Despite his lack of chances, Morison has a decent goals return for the Canaries and would bring out the best alongside Ross McCormack - a striker I believe who has a better all-round game than Becchio.
With Leeds also closing in on a deal for Stephen Warnock, it promises to be a busy end to the window for the Whites.
4. Peter Odemwingie to QPR
Let's face it, it wouldn't be transfer deadline day without Harry Redknapp doing a late deal. The man just loves it - but don't call him a wheeler dealer!
His interest in West Brom striker Peter Odemwingie is well documented, with the player outlining his desire to leave the Baggies via his Twitter page on several occasions over the past week.
Whilst Albion have been treated abhorrently by the Nigerian, whom then-manager Roberto Di Matteo took something of a transfer punt to bring him in from Lokomotiv Moscow in August 2010, they'd be ill-advised to keep hold of a player who has not held back in making clear his intentions to move to QPR.
Albion have so far rejected bids of £2million and £2.5m for the player - but expect Harry to make it third time lucky with a £3m deal set to go through.
5. Hooper stays at Celtic - but agrees summer move
The Canaries' interest in Gary Hooper is well documented and Chris Hughton has already seen two bids rejected for the English striker.
The player seems intent on trying his luck in the Premier League to further his England ambitions, but the Bhoys are reluctant to cash in on a striker who has an impressive haul of 57 goals in 80 games for the club.
And with a Champions League last-16 double-header against Juventus just around the corner, the Bhoys look likely to resist the temptation to sell the striker now.
However, a deal could be put in place which gives the Canaries first refusal to sign Hooper in the summer for a club record fee - a move which would suit all parties.
What do you think? Use the story comment box below to let us know your thoughts about the January transfer window and who you can see making a late move.
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