Arsenal have successfully applied for a work permit for Russian playmaker Andrei Arshavin so it would seem reasonable to assume that Zenit St Petersburg have received the £15m bid they were demanding.
The Gunners' previous offer of £12m, with £3m in conditional add-ons, was rejected because the Russian club wanted all the cash up front but, according to Sky Sports, the on/off/on/off/on/off deal is back on and close to completion.
Meanwhile, Blackburn Rovers have rejected an improved bid of £18.5 million from Manchester City for striker Roque Santa Cruz and he now looks almost certain to stay at the Lancashire club.
Earlier in the day Sam Allardyce had ruled out the sale of the Paraguay striker because he would not have time to find a suitable replacement; but that has not stopped the canny UK press from keeping the deal alive by manufacturing a number of possible swap deals.
Tottenham Hotspur will tempt Rovers' resolve by offering striker Darren Bent as part of the deal to lure Santa Cruz to White Hart Lane, according to The Times.
If there is a sale and no swap deal then Allardyce will launch a last minute bid to sign Portsmouth's Peter Crouch in a £10m deal before the transfer window slams shut on February 2, says the Daily Mirror.
And maybe the fact that the Rovers have completed the signing of Senegal international El-Hadji Diouf from Sunderland will keep the door ajar for Santa Cruz's exit.
In today's episode of the Newcastle United soap opera Charles Insomnia ... erm, I mean N'Zogbia ... has used manager Joe Kinnear's mispronunciation of his name in a TV interview as his latest reason to reiterate his desire to leave the club.
"Having been insulted by Joe Kinnear, I will never play for him again while he remains Newcastle manager," the want-away Frenchman told the Daily Star.
Also, heading for the St James' Park exit are goalkeeper Shay Given, who has been granted permission to speak to Manchester City after the Magpies accepted an £8m bid and Damian Duff will leave as the Magpies attempt to raise funds to finance a swoop for Derby County midfielder Kris Commons.
On the way into Newcastle, and needing an appointment with the head doctor for agreeing to sign a four-and-a-half-year deal with the crisis club, is Bolton Wanderers skipper Kevin Nolan on a £4m deal. £3m-rated Toulouse defender Albin Ebondo (The Times) is set to follow.
In a desperate bid to bolster their porous defence Manchester City have added Kolo Toure to their extensive shopping list and are willing to let Micah Richards join Arsenal as a makeweight, so says the Daily Mirror. However, the hacks at the Daily Mail disagree and insist either Chelsea defender Alex or Inter Milan's Marco Materazzi are their real targets.
Tottenham manager Harry Redknapp has called a halt to his mission to re-sign every player Spurs sold last season so Robbie Keane will have to continue to ride the pine on the Liverpool bench, report The Independent.
Real Madrid are at it again and have signed a long-term agreement with Manchester United star Cristiano Ronaldo worth about £91m, says The Times, and AC Milan have been told they do not have to lodge a bid for David Beckham before the transfer window closes on Monday, claims the Daily Telegraph.
In the best of the rest... Fulham have signed Derby County starlet Giles Barnes as a replacement for injury prone midfielder Jimmy Bullard who joined Hull City earlier this week. Meanwhile, Chelsea are closing in on the transfer of Fiorentina defender Branislav Ivanovic.
And finally... Bolton have resigned themselves to missing out on Sporting Lisbon defender Miguel Veloso after the highly-rated Portugal international declared his undying love for his current club in light of the interest from the Premier League strugglers.