Sports Mole compiles all of the transfer news and gossip that has emerged throughout the day.
This evening's headlines:
Arsenal confirm Walcott deal
Theo Walcott finally ends speculation over his future by signing a long-term contract at the club.
AC Milan "struggling" with Kaka deal
AC Milan vice-president Adriano Galliani confirms their interest in Real Madrid's Kaka but admits that they are "struggling" to finalise a loan deal.
Celtic reject Hooper bid
Celtic turn down an offer from Norwich City for striker Gary Hooper.
Southampton seal Forren capture
Southampton announce the capture of Molde defender Vegard Forren, who snubbed a trial at Liverpool.
Mackay: 'Cardiff in talks to sign Campbell'
Cardiff manager Malky Mackay reveals that the club are in negotiations to sign striker Frazier Campbell from Sunderland.
Lambert: 'No big spending this month'
Aston Villa boss Paul Lambert suggests that the club does not have enough funds to bring in many players before the close of the January window.
Hull complete Stockdale signing
Fulham goalkeeper David Stockdale joins Hull City on a loan deal until the end of the season.
Zola hopes for more permanent signings
Watford boss Gianfranco Zola says that the club are hoping to give a host of their loan players permanent contracts.
Fraser completes Bournemouth switch
Bournemouth announce that they have secured the signature of Aberdeen winger Ryan Fraser for a fee of £400,000.