We'll be keeping you as up-to-date as possible on the latest transfer talk in On The Move. You can catch read up on all the Latest Transfers and then follow the developing stories in our constantly updated transfer blog here:

22.00: So, the first day of the transfer window ends and it was a bit of a damp squib. But we promise fireworks, drama and intrigue as the month goes on. Honest. Join us On Saturday.

21.27: Another Arsenal link now, with Belgian youngster Romelu Lukaku linked. He's a prolific 16-year-old Anderlecht striker who has also been linked with Chelsea, Real Madrid and AC Milan.

20.54: Chelsea and Tottenham are both being linked with 20-year-old Dinamo Zagreb defender Dejan Lovren.

19.04: Marca reports than Ruud van Nistelrooy has been told to find a new club by Real Madrid.

18.33: Tottenham and Man City are both being linked with West Ham's Matthew Upson.

17.11: Portsmouth have rubbished talk of Asmir Begovic moving to Tottenham. Why would they want him? Just because Harry's there?

16.44: Corriere dello Sport claims that AC Milan will make a move for Liverpool's Fernando Torres. Move along.

16.05: Liverpool are said to be weighing up a bid for Atletico Madrid midfielder Maxi Rodriguez, who is out of contract in the summer,

15.56: Japan midfielder Keisuke Honda has joined CSKA Moscow on a four-year contract.

15.21: Atletico Madrid striker Sergio Aguero has distanced himself from speculation over a move to Chelsea. He told Atletico's website: "I have always made my commitment to Atletico clear and the whole world knows it."

15.01: Fulham want to sign Roma striker Stefano Okaka on loan.

14.44: Sir Alex Ferguson has stated he will not sign a defender in the winter window.

14.01: Bolton want Owen Coyle as their new boss, but the Burnley man has already poured cold water on any chance of him leaving Turf Moor.

13.41: Brazilian striker Jo has been suspended by Everton and could be about to end his Premier League nightmare with a return to CKSA Moscow in January.

13.26: Chelsea boss Carlo Ancelotti has described Petr Cech as one of the best goalkeepers in the world and expects him to bounce back from his recent jitters. Looks like he won't be sold in January then.

13.10: David Healy has admitted he is planning to leave Sunderland in this month's transfer window. The Northern Ireland international is frustrated with his lack of first-team action at the Stadium of Light as he can't displace Darren Bent.

12.52: Birmingham boss Alex McLeish has been told he has no chance of signing goalkeeper Joe Hart on a permanent basis after the stopper impressed in his few months at St Andrew's.

12.36: Fulham boss Roy Hodgson has revealed he is considering a move for Roma striker Stefano Okaka on loan.

12.06: Leeds chairman Ken Bates has laughed off Middlesborough’s quest to sign Robert Snodgrass for £3 million. Bated told ESPN Soccernet: “Yes, its true Snodgrass is going to Middlesborough - when he plays there as a Leeds United player next season!”

11.56: Arsenal have announced that young midfielder Henri Lansbury has signed a long-term contract with the club. The 19-year-old is currently on loan at Watford and is impressing.

11.36: Tottenham Hotspur manager Harry Redknapp is, however, not looking to launch January bids for West Ham United defender Matthew Upson and Portsmouth goalkeeper David James.

11.16: A leading agent has informed ESPN Soccernet that Spurs have had a deal for highly-rated Internacional midfielder Sandro ever since the summer and have only been held up signing him because of work permit difficulties.

10.39: Lomana Lua Lua has returned to Olympiakos on a six-month loan deal, the Greek club have confirmed. The former Newcastle man could sign a two-year deal if he impresses.

10.27: Manchester City are the latest club to show an interest in teenage Crystal Palace star Victor Moses, but will refuse to meet the Eagles' £5m asking price. Odd, given the amount of cash they have at their disposal.

10.03: Liverpool could move for Olympiakos right-back Vasilis Torosidis as a replacement for their injured defender Glen Johnson. Perhaps another Philipp Degen?

09.33: Chelsea are reportedly set to smash the British transfer record with a £40m swoop for Valencia striker David Villa. Don't get too hopeful though, as it would mean Carlo Ancelotti running around naked for a bit.

09.13: Arsenal have reportedly completed the £3.5 million signing of Brazilian striker Wellington Silva. The 16-year-old, who plays for Fluminense, will not join up with his Arsenal team-mates until his 18th birthday in January 2011 due to FIFA regulations.

09.00: It's the start of a new year and a bad one for Pompey. Steve Finnan thinks the Portsmouth players cannot help but be worried by the club's current financial plight, meaning sales are coming.