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8am Transfer Talk Update: Mario Balotelli, Wayne Rooney, Luis Suarez

Sports Mole brings you all the latest transfer news and gossip making the morning headlines.

With the January transfer window heading into its fifth day, Sports Mole brings you the latest gossip emerging from the rumourmill this morning.

This morning's headlines:

Report: Mourinho eyes Balotelli reunion
Jose Mourinho is reportedly monitoring Mario Balotelli's availability at AC Milan with a view towards a prospective reunion at Chelsea.

West Ham United target Rickie Lambert?
West Ham reportedly see Rickie Lambert as the ideal man to fire the club to safety this season.

Report: Queens Park Rangers, Norwich City target Jonas Gutierrez
Newcastle United winger Jonas Gutierrez is reportedly the target of Queens Park Rangers and Norwich City in the January transfer window.

Bayern Munich: 'We do not want David Luiz'
Bayern Munich chairman Karl-Heinz Rummenigge insists that the club have no intention of signing Chelsea defender David Luiz.

Luis Suarez 'has £70m release fee in Liverpool contract'
Luis Suarez can leave Liverpool if they fail to qualify for the Champions League and receive a bid of £70m, according to a report.

Galatasaray step up John Terry pursuit?
A report suggests that Galatasaray will try to entice John Terry to Turkey with a two-year deal worth £10m.

Chelsea, Borussia Dortmund rivals for Papy Djilobodji?
A report claims that Chelsea and Borussia Dortmund will go head-to-head for the signature of Nantes centre-back Papy Djilobodji.

Fabio Coentrao told he can leave Real Madrid?
Real Madrid tell Fabio Coentrao that he can leave this month in order to make Portugal's World Cup squad, according to a report.

Report: Ole Gunnar Solskjaer targets Wilfried Zaha loan
Cardiff City reportedly join the race to sign Manchester United winger Wilfried Zaha on loan for the rest of the season.

Tottenham Hotspur target Juventus duo
Tottenham Hotspur reportedly target Juventus forwards Fabio Quagliarella and Mirko Vucinic as possible replacements for Jermain Defoe.

Manchester United need top-four finish to keep Wayne Rooney, hints David Moyes
David Moyes says that he cannot guarantee that Wayne Rooney will sign a new Manchester United deal if the club don't qualify for the Champions League.

Quartet leave Bury
Teenage forward Tom Pratt leaves Bury after his contract is terminated by mutual consent. Loanees Shaun Beeley, Dean Howell and Scott Harrison also exit Gigg Lane.

Monaco complete Lacina Traore swoop, West Ham United eye loan deal?
Lacina Traore completes his move to AS Monaco, although reports suggest that he could be immediately loaned out to West Ham United.

Leicester City's Nigel Pearson hints at Kevin Phillips deal
Leicester City manager Nigel Pearson says that he could make a move for Kevin Phillips, who is currently a free agent.

West Ham United, Queens Park Rangers battling for Ishak Belfodil?
A report claims that West Ham United and Queens Park Rangers are rivalling Serie A side Sassuolo for Inter Milan's Ishak Belfodil.

Arsenal's Arsene Wenger coy on new striker
Arsene Wenger does not completely rule out signing a new striker for Arsenal in January.

Kevin Bond remains coy on Nikica Jelavic rumours
Kevin Bond reveals that Queens Park Rangers are in the market for a new striker during this window, but refuses to confirm if Nikica Jelavic is one of their targets.

Adam Reed returns to York City
Midfielder Adam Reed signs for York City until the end of the season, joining the Ministermen from League Two rivals Burton Albion.

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Jonas Gutierrez of Newcastle United takes a throw in during the Barclays Premier League match between Manchester City and Newcastle United at the Etihad Stadium on August 19, 2013
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