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:
23.15: Arsene Wenger says Arsenal have not made contact with Marouane Chamakh since the summer and that he fully expects him to remain at Bordeaux until his deal expires at the end of the season.
22.30: Here's the news you've all been waiting for: Falkirk have confirmed striker Pedro Moutinho has signed on until the end of the season.
21.57: We are expecting a lot of speculation surrounding West Ham over the next few weeks and it appears that Valon Behrami is also concerned about seeing a number of his chums depart. The Swiss star has called for clarity over whether there will be a fire-sale at Upton Park.
21.22: More quotes are leaking out of the FA Cup post-match press conferences with Rafa Benitez claiming that Ryan Babel will not be sold in the January transfer window. More on that story here.
20.29: Portsmouth's superbly-named Paris Cowan-Hall is on the move having joined Grimsby Town on a one-month loan deal.
20.11: With the busy FA Cup schedule out of the way, we have a bit of transfer news to catch up on. Sochaux are hopeful of signing Kris Boyd from Rangers, Fiorentina have confirmed the capture of Udinese striker Felipe and Manchester City manager Roberto Mancini says a deal for Inter defender Ivan Cordoba is "possible". Interesting.
13.35 Update: It seems that the football is doing the talking today. Well, that and the snow. Some news from Germany though: Nurnberg have signed defender Breno and midfielder Andreas Ottl on loan from Bayern Munich until the end of the season and are linked with Dutch veteran Roy Makaay.
The FA Cup is the focus of course but it has to be said that the rumour mill is going strong. The papers' biggest story is The Daily Star's punt that Real Madrid want Wayne Rooney for £60 milliion. That's perhaps for another day and may continue to develop.
Real meanwhile seem set to lose Ruud Van Nistelrooy to Liverpool if a raft of publications are to be believed. Liverpool are also linked with Atletico Madrid's Maxi Rodriguez but need to sell Andriy Voronin first. Good luck with that...
Old favourite Marouane Chamakh is either going to Arsenal or not according to who you read but the the Daily Mirror say the Gunners want another striker. Wolfsburg's Edin Dzeko and Toulouse's Andre-Pierre Gignac are those mentioned.
Portsmouth's transfer dealing is in question considering their ban and they seem to have hit further trouble because regulations about transfer windows may mean they cannot cash in the much improved Kevin-Prince Boateng, say The Times. The Daily Mail says they will also lose Jamie O'Hara back to Spurs from whence he is on loan.
Benni McCarthy meanwhile, could be headed to Celtic for £2.5 million from Blackburn say the Mail who also pinpoint Victor Moses of Crystal Palace as a saleable asset who no less than eight Premier League clubs are scouting.