The transfer window sprung into life yesterday with news of Darren Bent's imminent move to Aston Villa, what developments await us on Tuesday?
David Luiz has long been linked with a move to Chelsea
08.38: Anderlecht general manager Herman van Holsbeeck has warned Romelu Lukaku will not be allowed to leave on the cheap.
"Our price will be around â‚¬30m," he said. "If you ask for between â‚¬20m and â‚¬30m for a footballer in Europe there are a maximum of 15 teams who can pay this amount. These 15 teams are all interested in Romelu Lukaku but it depends sometimes on what resources the team has at the time.
"We received one offer from an English club three days before the end of the August transfer period. It was â‚¬10m immediately and â‚¬10m in one year. We would not accept the offer because we want to keep the player."
08.26: Ryan Babel's agent has been talking up the prospect of a return to Ajax. We'll have more on that later.
08.10: Here is our look over the main transfer stories in the English press on Tuesday morning:
The Sun has an interesting transfer line as they report West Ham will attempt to sign their former player Joe Cole on loan from Liverpool. We will try and follow this one up and get the inside track from the East London club.
The Guardian reports Tottenham have stepped up their attempts to sign Ajax striker Luis Suarez, who is also believed to be attracting interest from Liverpool. Sevilla forward Luis Fabiano is an alternative target, while Liverpool are also pursuing Aston Villaâ€™s Ashley Young and Stephen Warnock.
According to the Daily Telegraph, Aston Villa are hoping to follow the imminent capture of Darren Bent by completing their pursuit of Blackpool midfielder Charlie Adam and also prising Maynor Figueroa from Wigan. The Honduran would be a replacement for Warnock. Sunderland, meanwhile, are expected to sign PSGâ€™s Stephane Sessegnon and possibly Stoke forward Tuncay.
The Daily Mirror is always a rich source of transfer rumour and does not disappoint this morning: David Wheater is to join Bolton from Middlesbrough for ÂŁ2.25 million; Fulham are confident of signing Manchester City winger Shaun Wright-Phillips in a ÂŁ4 million deal; and Chelsea are â€śincreasingly confidentâ€ť about signing Benfica and Brazil defender David Luiz for ÂŁ22 million.
Finally, in the Daily Mail it is reported that Sven-Goran Eriksson has made an audacious attempt to bring Thierry Henry to Leicester City on loan from New York Red Bulls. Good luck with that one, Svennis. In two more desperately unlikely stories from the newspaper, Arsenal are reported to have enquired about Aston Villaâ€™s Richard Dunne, while Manchester United are linked with Lyon star Michel Bastos. Not going to happen.
07.47: As well as possibly seeing the Darren Bent deal done today, we may also learn whether Steven Pienaar has chosen to join Tottenham or Chelsea in a ÂŁ3 million move from Everton. Watch out for that one.
07.30: Good morning, and welcome to what will hopefully be another busy day in the January transfer market. We will take an in-depth look through the morning's papers in a few minutes, but the lead story appears to be Chelsea's developing interest in Benfica defender David Luiz. More on that shortly.