With just 10 days left to go until the January window slams shut, Sports Mole takes a look at the latest news and speculation.
This morning's headlines:
Cole contract worth £200,000 a week?
Ashley Cole will reportedly become the highest-paid defender in world football when he puts pen to paper on a fresh Chelsea contract.
Liverpool told to increase Coutinho bid?
Inter Milan are understood to want £10m for midfielder Phillipe Countinho, who is thought to have been the subject of an £8m bid from Liverpool.
Cavani cools Arsenal interest
Edinson Cavani insists that he is "happy" at Napoli following reported interest from Arsenal.
Lampard 'undecided on future'
Chelsea midfielder Frank Lampard is believed to be open to offers from the Premier League as he searches for a new club.
QPR eye Malouda move?
Queens Park Rangers are reportedly considering offering Chelsea outcast Florent Malouda a lifeline.
Arsenal offered Gourcuff on loan?
Lyon midfielder Yoann Gourcuff is believed to have been offered to Arsenal on a loan deal until the end of the season.
Sneijder 'to end career at Gala'
Galatasaray chairman Unal Aysal reveals that new signing Wesley Sneijder wants to stay at the Turkish outfit until he decides to retire.
Report: M'Vila snubs QPR
Rennes midfielder Yann M'Vila is believed to have rejected the chance to move to Queens Park Rangers in favour of a switch to Rubin Kazan.
Arsenal target denied move
Bastia refuse youngster Florian Thauvin permission to speak to Arsenal over a transfer.
Report: Arsenal to bid for Yanga-Mbiwa
Arsenal are thought to be keen on snatching Montpellier defender Mapou Yanga-Mbiwa from Newcastle United's clutches.
Norwich City target Lee Camp?
Norwich City are believed to be eyeing a move for Nottingham Forest goalkeeper Lee Camp.
Reading consider Davies swoop?
Reading reportedly ponder a move for Birmingham City defender Curtis Davies.
Martinez wants new defender
Roberto Martinez reveals that Wigan Athletic are in the market for a new defender before the window closes.