Chelsea and AC Milan have agreed terms for the two-year loan deal of Fernando Torres to the Italian club.
QPR have announced the signing of highly rated goalkeeper Alex McCarthy from Reading.
The 28-year-old, who joined in July 2010, has struggled with injury during his time at the Riverside and managed 56 appearances.
Only 12 of those came this season, with his last outing coming in the 1-0 defeat Leicester earlier this month.
Elsewhere, teenage striker Jake Fowler has joined Blue Square Bet Premier outfit Stockport on a month's loan.