6pm Transfer Talk Update: Theo Walcott, Ryan Shawcross, Joe Cole

Sports Mole compiles all the latest transfer rumours that have emerged throughout the day as the January window hots up.

This evening's headlines:

Wenger confirms Walcott talks Arsenal manager Arsene Wenger reiterates that he is hopeful Theo Walcott will sign a new contract.

Shawcross signs new Stoke deal Stoke City announce that defender Ryan Shawcross has signed a new contract at the club.

Cole completes West Ham move? Joe Cole reportedly agrees terms with West Ham United over a move from Liverpool.

Jagielka pens Everton extension Phil Jagielka signs a two-year contract extension at Everton.

Cole to have West Ham medical? Liverpool midfielder Joe Cole reportedly undergoes a medical at West Ham United today ahead of a move.

Berlusconi not keen on Balotelli AC Milan president Silvio Berlusconi admits that he has ruled out a move for controversial Manchester City frontman Mario Balotelli.

Llorente in talks with Juventus Athletic Bilbao ace Fernando Llorente is reportedly in discussions with Juventus over a transfer.

Debuchy deal done? Mathieu Debuchy is believed to have finalised his move to Newcastle United from Lille.

Fryers seals Spurs switch Tottenham Hotspur clinch the signing of Zeki Fryers from Belgian outfit Standard Liege.

Wenger expects duo to leave Arsene Wenger says that Sebastien Squillaci and Johan Djourou are allowed to leave the club this month.

Palace expect Zaha stay Crystal Palace chairman Steve Parish says that in-demand winger Wilfried Zaha is likely to stay at the club.

West Ham won't keep Benayoun West Ham United confirm that Yossi Benayoun has returned to Chelsea following a loan spell at Upton Park.

Wolves loan pair recalled Wolverhampton Wanderers are believed to have recalled duo Jake Cassidy and defender Matt Doherty from their loan stints in League One.

Swindon won't enter transfer window Swindon Town chairman Sir William Patey confirms that the club do not have any money to spend in the winter window.