Liverpool and Arsenal are after the new Theo, while Stoke seem keen to add to their ranks in January and could take advantage of West Ham's predicament.
The new... and the old.
00:00 Right, that's all we've got time for today folks - but join us again on Thursday morning (GMT) for another action-packed days of real transfers and ridiculous rumours.
23.56: Apparently, AC Milan are looking to get some value for money in the transfer market in the form of Chelsea right-back Jose Bosingwa. The ÂŁ16.2 million signing from Porto is out of contract in the summer and the Blues may be tempted to cash in rather than let him go for free, according to the Mail.
23.36: Reader Matt believes that Manchester United should target a Belgian triumverate to help their quest for a treble of trophies:
I would love to see Man Utd go after a trio of young Belgians to help with the midfield in Steven Defour, Axel Witsel and Eden Hazard. The likes of Kompany, Vermaelen and Fellaini prove that Belgains can be useful in the Premier League.
23.28: BBC Sport is reporting that Wolves are close to tying up a deal for 20-year-old Dundee striker Leigh Griffiths, with a ÂŁ150,000 move set to be completed in the next 48 hours.
22.47: A few of the stories from tommorrow's papers are beginning to filter through now, with the Mail suggesting that Stoke will swoop for out-of-favour Aston Villa centre-back Curtis Davies for ÂŁ2 million. Apparently, the Potters are also tracking highly-rated Huddersfield winger Anthony Pilkington.
22.28: A nice friendly message from Daniel here:
As if I can be bothered reading all that to find out who's transferred where this summer. Surely there is a straight up list somewhere? I can't find it. Lift your game soccernet.
For your information, the list you speak of can be found here.
22.13: Palermo have just advanced to the Coppa Italia quarter-finals after beating Chievo, and it may be a day for a double celebration, as Corriere dello Sport claims that they have completed a deal for Novara striker Pablo Gonzalez at the end of the season.
21.59: Inter Milan fan Connor is hoping Leonardo is given some additional players to work with for the rest of the season and believes it's time for Massimo Moratti to dip into his pockets.
I think Inter need to buy some quality subs for the midfield. The biggest problem we had so far this season is that when our players get injured, we get messed because we have to call up half the reserve squad. I'd like to see some players bought and not sold. Moratti definitely has the money to do so, so why not spend it?!
21.38: Lyon have confirmed that they are in negotiations with Aston Villa over the possible trasnfer of Jeanm Makoun. A statement on Lyon's website read: "President Jean-Michel Aulas met Gerard Houllier in Paris this morning. The progress of such discussions remain subject to the agreement of the player.''
21.03: Inter Milan fans hoping that new boss Leonardo may be able to convince some of his former players at AC Milan to join him at the Nerazzurri will be disappointed to hear that one of them has no chance of making such a switch. Milan striker Alexandre Pato said: â€śI just want to win with this jersey, which I will wear as long as the club wants me to. Would I go to Inter? No, never. I only want Milan."
20.40: Peterborough supremo Barry Fry earlier described Aston Villa's bid for goalkeeper Joe Lewis as an "insult", but Villa have muddied the waters by insisting they never made a bid. "The simple truth is that we haven't made a bid for the Peterborough goalkeeper," Villa chief exec Paul Faulkner said. "I've seen some of the reports today linking us with a bid for this player, but I can confirm that no bid has been made by Aston Villa." Somebody must be lying!
20.17: Canadian football fans prepare yourselves, because Robbie Savage may be on his way to new MLS side Vancouver Whitecaps. The Derby captain has admitted that he is weighing up an offer to cross the Atlantic. He said: "The presentation they made to me was brilliant. To be honest, it blew me away. I am fully committed to Derby and seeing out the end of my contract there but Vancouver have asked whether they will release me so I can be ready for the MLS season starting in March."
19.43: PSV technical director Marcel Brands says the Dutch giants are 'open to discussions' with Hungarian winger Balasz Dzsudzsak about a possible new deal at the club.
19.31: Here's the full story on Wayne Bridge's move to West Ham. Here at ESPNsoccernet HQ we are wondering exactly how Manchester City's second-choice left-back can help keep the Hammers in the Premier League.
19.09: Arsenal's young Brazilian striker Wellington has gone out on loan to Spanish side Levante.
18.50: Gerard Houllier has already confirmed his interest in Jean Makoun today, but the Aston Villa boss has also stressed that he is still in the hunt for Blackpool captain Charlie Adam.
18.41: Arsenal are in need of a defender and West Ham captain Matthew Upson has refused to commit his future to the club before the end of the season. The Independent has put the two together and reckons that Arsene Wenger is ready to welcome the player he let go in 2003 back to the club.
18.29: Staying with Birmingham - and Blues' boss Alex McLeish is apparently considering moving for Leicester City star Richie Wellens.
18.09: David Bentley has completed his loan move to Birmingham until the end of the season after passing a medical. His first game for the club is likely to be be this weekend in what should be a tasty Midlands derby. Full story here.
17.52: BREAKING NEWS: Wayne Bridge has passed a medical at West Ham.
17.48: Portsmouth are hoping to keep on-loan Wolves defender Greg Halford at Fratton Park until the end of the season. Halford has scored four goals in 12 appearances for Pompey, but was due to return to Molineux this month.
17.33: Sky Sports News is reporting that Blackburn have approached Barcelona about signing teenage forward Ruben Rochina. But Rovers have yet to make a formal offer for the 19-year-old, who plays for Barcelona B
17.16: Wolfsburg defender Andrea Barzagli has confirmed that Juventus are interested in signing him. The 29-year-ld former Palermo centre-back said: â€śJuve are certainly an interesting option and I am pleased to see their interest in me. I donâ€™t know anything about the details of the negotiations, but the two clubs are talking and then weâ€™ll see what happens.â€ť
16.53: Osasuna right winger Juanfran Torres has signed for Atletico Madrid in a in a deal the Spanish press believe is worth in the region of €4 million.
16.30: Stephane Sessegnon is to meet with PSG to determine whether he has a future at the club. Clubs in England and Italy are said to be showing interest.
16.16: The Manchester Evening News reports that Tottenham, Sunderland, Blackburn, Everton, Birmingham and Newcastle are all interested in Manchester United defender Wes Brown.
16.03: Newcastle's pursuit of Birmingham winger Sebastian Larsson appears to
have run into the buffers over the player's wage demands.
15.52: Jose Mourinho is continuing to grumble loudly about his lack of options at Real Madrid now Gonzalo Higuain's been officially ruled out for at least four months. "The club know my opinion on a new striker," Mourinho said. "Most great teams have many strikers, but we only have Benzema.â€ť
15.28: David Trezeguet could return to Italy just six months after joining Hercules. The Spanish side have been struggling to pay players and agent Antonio Caliendo told Ilsussidiario.net: "He could head back to Serie A, but it all depends on Hercules. There are economic problems, but everything can be resolved in a week as there is a big sponsor coming in that could help the Spanish club."
15.14: Kaiserslautern goalkeeper Tobias Sippel has signed a two-year contract extension to keep him at the club until June 2013.
15.09: Scotland international Kris Commons has been linked with a ÂŁ750,000 move to Rangers or Celtic this month with his Derby contract due to expire at the end of the season. Commons ran down his contract at Nottingham Forest in 2008 but Rams chief executive Tom Glick told the Derby Telegraph: "We remain optimistic. We are focused right now on signing an extended contract with Kris. That is priority one and we haven't moved to plan B yet."
15.02: Juventus sporting director Giuseppe Marotta has confirmed they are looking for a striker to replace the injured Fabio Quagliarella and did little to deny talk of a move for Diego Forlan.
â€śWe have lost Quagliarella, our goalscorer, and it's a big absence for us,â€ť he said. â€śOur aim is to replace him. Have we made an offer to Diego Forlan? I can only say that we will evaluate until the end the best that this market can offer us."
14.52: Aston Villa manager Gerard Houllier remains confident of bringing Lyon midfielder Jean Makoun to Villa Park. Read the full story here.
14.31: Doncaster have completed the signing of defender Matt Kilgallon on loan from Sunderland.
14.17: Harry Redknapp believes David Bentley can resurrect his career when he completes his loan move to Birmingham. More here.
14.09: Newell's Old Boys midfielder Mauro Formica wonâ€™t be joining Geno, but it seems Fiorentina striker Adrian Mutu might be.
â€śThe deal fell through and it was partly our fault,â€ť club president Enrico Preziosi told Sky Italia. â€śHowever, we are looking at other possibilities. Like others, we are waiting to see what happens with Mutu. Mutu is a player that does interest us but we have not spoken to Fiorentina yet.â€ť
13.45: Canal+ seems to believe Emmanuel Adebayor is on his way to Real Madrid on loan. It wouldn't be the first time we'd heard that one, and it would solve a problem for both clubs. To an extent.
13.35: Wolves boss Mick McCarthy insists he is not worried about the prospect of midfielder David Jones running down his contract at Molineux. He told the clubâ€™s official website: â€śIt's Jonah's prerogative to see his deal out and see what's out there but who's to say he doesn't sign for us next year? It's nothing for us to get uptight about and I know Jonah will give his best when he plays.â€ť
13.24: Mark van Bommel's agent, the ubiquitous Mino Raiola, is now adopting a coy approach to the idea his client could join AC Milan. "If Milan are interested then I don't know as I have not heard from them," he told Sky Sport Italia. "Will I meet [Milan vice-president Adriano] Galliani? This is my business, not yours."
13.08: Gazzetta dello Sport claims Inter are close to tying up a deal for 18-year-old Feyenoord striker Luc Castaignos. The deal is likely to go through by the end of the week.
12.51: Reports in Germany suggest Chelsea will move for Borussia Dortmund centre back Neven Subotic. Bild reckons they've bid â‚¬21 million and that, unlike many of the transfer rumours doing the rounds, sounds entirely plausible.
12.38: More City news, in that Mancini has said the club won't move for Juventus goalkeeper Gigi Buffon. ''We have decided for some time to point on [Joe] Hart, who is a young player with enormous potential,' he said. ''Hence, I can categorically say that we will never make any offers for Buffon.''
12.26: Manchester City midfielder Michael Johnson accepts he might have to go out on loan for the remainder of the season. â€śWe have a lot of world class players,â€ť he told the clubâ€™s official website. â€śIt is better for me to go and get games now.â€ť
12.15: Tottenham seem pretty adamant that Gareth Bale is going nowhere, but Roberto Mancini has been discussing the possibility he will be up for sale in the summer in an interview in Italy. Read the story here.
11.52: Promising Blackburn striker Nick Blackman has signed a new two-and-a-half-year deal, which will keep him at Ewood Park until the summer of 2013.
11.40: Corriere dello Sport believes Juventus may have a deal in place for 29-year-old Wolfsburg centre-back Andrea Barzagli.
11.29: Skysports.com reports that Liverpool have entered the race to sign Blackpool midfielder Charlie Adam. He's a fine player, but possibly not the man the fans had in mind.
11.09: Former Chelsea, Newcastle and Real Madrid midfielder Geremi, 32, has been
released by Greek club Larissa. A club statement read: "The club were very satisfied with Geremi's attitude but unfortunately he had difficulties adapting to life in Greece." The 32-year-old had signed a two-year contract in August.
11.00: Norway star Erik Huseklepp - who scored twice in a 2-1 victory over France in August - has his heart set on a move to Celtic. The Brann forward told Bergens Tidende: "I really want to play for Celtic and to get my chance in the Scottish league." He's willing to give up a bonus to push the move through, he says.
10.47: It appears there's nothing in the rumours Mark van Bommel could be heading to Milan. More here.
10.34: Rumours in Spain suggest Real Madrid could move for Atletico Madrid forward Kun Aguero. Aguero signed a new deal until 2014 recently, but it's claimed that new deal saw his release clause brought down to â‚¬45 million.
10.23: ONA FM believes Malaga and Genoa are in pole position to sign Barcelona defender Gabriel Milito.
10.06: River Plate legend Ariel Ortega is set to sign for All Boys. More here.
10.02: A Bola has it on good authority that Maritimo striker Kleber, on loan from Atletico Mineiro, will join Porto in the summer.
09.52: Gazzetta dello Sport claims Juventus have opened talks with Atletico Madrid over Diego Forlan.
09.49: Werder Bremen goalkeeper Tim Wiese has urged the side to invest if they are to get out of their current slump. "We could really use some quality new players," he said.
09.36: Portuguese newspaper Record claims Real Madrid are keen to tie up a deal for Benfica left-back Fabio Coentrao.
09.16: Wayne Bridge was at the West Ham game last night, and sources at the club have told Harry Harris the move is now 95% done.
08.57: Scottish clubs are starting to receive bids from abroad once more - Andy Moir takes you through the latest from the SPL here.
08.24: Real Zaragoza are keen to sign Man City striker Roque Santa Cruz, but City want to get rid of him on a permanent deal and may want to wait to see the full extent of Mario Balotelli's injury first.
08.16: West Brom are also keen to bring in Papa Bouba Diop from his spell in Greece and are preparing a bid of ÂŁ400,000.
08.06: Other Premier League clubs will be put on alert as West Brom could be ready to sell Scott Carson. The Baggies are keen to bring in a new No. 1 and Carson could be on the way out, with a host of others interested.
07.49: Ian Holloway thinks that the transfer window makes clubs sack managers. What do you reckon?
07.39: Everton have reportedly agreed a deal with Tottenham over Steven Pienaar with a contract worth ÂŁ70,000 a week over four years. They are just deciding whether to pay ÂŁ2 million now, or wait for him to become a free agent in the summer.
07.28: Aston Villa have been put off by Newcastle midfielder Joey Barton's wage demands of around ÂŁ67,000-a-week and won't make a move for him. Possibly a lucky escape there.
07.10: Much talk over Manchester United's move for a left-back and it could be Lyon's Michel Bastos apparently.
07.00: Morning all, and welcome to the day's transfer gossip. We'll begin with some paper talk as usual.
The Daily Mirror have news that Liverpool are chasing 'the next Walcott', as Southampton look set to lose another young star at an early age - 17-year-old Alex Oxlade-Chamberlain. Arsenal are also chasing him for ÂŁ10 million, but they do already have the current Walcott.
There is also news that West Ham midfielder Mark Noble is on the radar of Stoke, who want to pick him up for ÂŁ4 million, while also keeping their eyes on striker Carlton Cole. And Everton fans could be pleased to see the back of the Yak as he has been persuaded to move to Sven Goran Eriksson's Leicester.
The Daily Mail think that Villa's striking woes can be fixed by Spurs' Roman Pavlyuchenko and Nigel Reo-Coker could be on the way to Turkey to join Galatasaray.