West Ham have completed the signing of Barcelona midfielder Alex Song on a season-long loan deal.
West Brom have completed the signing of Argentina winger Sebastian Blanco from Metalist Kharkiv for an undisclosed fee.
Alonso is out of contract at the end of the season and a host of clubs are thought to be weighing up moves for the defender.
The likes of Stoke, Celtic and Fiorentina are all thought to be keen on Alonso having expressed an interest in the left-back during the January transfer window.
Bolton have tabled a new contract offer to Alonso and Freedman is optimistic of keeping the former Real Madrid youngster.
"Marcos is playing by the rules," said Freedman. "He has been offered a new contract and it's so far so good."