10am Transfer Talk Update: Ashley Cole, Fabricio Coloccini, Mario Balotelli

Sports Mole brings you the most recent transfer speculation with 20 days left to go in the winter window.

This morning's headlines:

Cole in talks with Real? Chelsea full-back Ashley Cole is believed to have begun negotiations with Real Madrid over a move to the Bernabeu in the summer.

Coloccini eager for Newcastle exit? Newcastle United captain Fabricio Coloccini reportedly tells the club that he wants to leave and return to Argentina.

Inter claim Balotelli first refusal Inter Milan reveal that they have first refusal option on Manchester City striker Mario Balotelli.

Spurs hold Negredo talks? Tottenham Hotspur are believed to be in talks with Sevilla over the capture of Alvaro Negredo.

Wenger: 'No more January departures' Arsenal manager Arsene Wenger insists that no more players will be leaving the Emirates this month.

Pardew: Santon is happy at Newcastle Newcastle United boss Alan Pardew says that defender Davide Santon has no intentions of leaving St James' Park.

European duo chasing Assaidi? Galatasaray and Ajax are thought to be keen on signing Liverpool midfielder Oussama Assaidi as Liverpool are believed to be open to sending the player out on loan.

Palace sign Nimely on loan Mancehester City forward Alex Nimely signs for Crystal Palace on a loan deal until the end of the season.

Nene reveals Milan interest Paris Saint-Germain forward Nene says that he is interested in a move to AC Milan.

Spencer joins Crawley on loan Crawley Town announce that they have clinched the signing of Huddersfield Town striker Jimmy Spencer on a loan deal.