22:05 - Modric happy with Real talks
Luka Modric says contract talks with Real Madrid are "going in a good direction."
The Croatian's present commitment expires at the end of the season, but talks are taking place and it seems Modric is happy with how things are going.
'It’s a lot of money for one player' - Haaland cool on talk of £150m Chelsea bid talk
"I can’t say much," Goal quotes Modric as saying. "I’m speaking with the club and everything is going in a good direction."
21:35 - Milan talks continue for Meite
AC Milan are in talks with Torino over the signing of Soualiho Meite.
Torino left him out of their squad for the Coppa Italia clash with Milan as reports over a move swirled.
And Gianluca Dimarzio says talks are continuing over whether the deal will be a loan or a permanent agreement.
21:05 - Ozil ready to forego money to secure Arsenal exit
Mesut Ozil is considering foregoing a portion of the remainder of money owed to him by Arsenal in order to smooth through a move to Fenerbahce in January.
of the Athletic says Ozil is owed £7 million, but will walk away from a chunk of it if the Gunners let him leave on a free transfer.
20:35 - Wednesday closing in on Green
Sheffield Wednesday are on the brink of signing former Aston Villa winger Andre Green.
The 22-year-old is a free agent, and Yorkshire Live claims he will undergo a medical this week before putting his name to a contract with the Championship side.
20:05 - Brighton in talks to sign Caicedo
Independiente del Valle have confirmed they are in talks with Brighton over the transfer of midfielder Moises Caicedo.
"We are talking with Brighton for the transfer of Moises Caicedo," Independiente general manager Santiago Morales told Machdeportes. "It is not signed yet."
19:35 - Holding was close to Newcastle move
Rob Holding has revealed that he came close to joining Newcastle on loan in the summer.
The defender felt he would not have got much playing time at Arsenal, but he impressed in the Community Shield and that persuaded manager Mikel Arteta to keep him at the club.
"There was a loan opportunity that had come up,” Holding told the Telegraph. "I played the game, we did well and we won, and then on the Monday, he called me into his office. He said it made no sense to let me go if my end goal was to play here. He was saying I was going to play, that it was my shirt to lose.”
19:00 - Slimani completes Lyon move
With Moussa Dembele heading out of Lyon, the seat in the dressing room was not allowed to get cold as the club have confirmed the arrival of Islam Slimani.
The forward has made the move from Leicester, signing an 18-month contract.
18:40 - Valencia set sights on Torreira
Valencia are in talks with Arsenal over a move for Lucas Torreira.
The midfielder is currently on loan at Atletico Madrid, but has cut little ice in the Spanish capital and could be set to switch Liga clubs.
As is reporting that Valencia are talking to Arsenal chief Edu, and that Sevilla have also expressed interest.
18:00 - Garcia agrees terms with Barcelona
Eric Garcia has agreed personal terms with Barcelona ahead of a proposed move from Manchester City.
The defender is in the final months of his City contract, and could leave on a free in the summer.
However, Barca want to sign him in January and Goal is saying the players has agreed terms, but that there is still some way to go to get the deal over the line.
17:30 - Atletico sign Dembele on loan
Atletico Madrid have boosted their attacking options with the signing of striker Moussa Dembele on loan.
The forward arrives from Lyon until the end of the season, with Atletico having an option in place to make the deal permanent.
16:50 - Juve bring in Nantes youngster
Juventus have made a signing! They've brought in Abdoulaye Dabo on loan from Nantes with an option to buy.
Dabo is a 19-year-old midfielder who is extremely highly thought of.
16:35 - Dembele a done deal
And if that isn't good enough Romano has very kindly confirmed that the Slimani and Dembele deals will be completed.
Now all we really need is official confirmation.
16:23 - Hold fire on Balogun
Mr transfer window himself, Fabrizio Romano is back for a couple of updates.
First let's look at Folarin Balogun, Romano says that he has around 15 offers and there's been no official bid from RB Leipzig.
16:13 - Arsenal line up summer move for Solomon
A report from the Guardian says that Arsenal are eyeing up a summer move for Shakhtar Donetsk winger Manor Solomon.
Solomon has really shone over the last couple of seasons and Arsenal have already have initial talks with the player's representatives.
There will be no move in January according to the report and instead Arsenal will track him for the next months. Solomon is under contract until December 2023.
16:00 - Lyon conference announced
Lyon have called a press conference for around an hour's time.
You can probably assume that is to unveil the signing of Islam Slimani.
15:46 - Real Madrid prepared to let Eder Militao leave
So to follow up from Tim Vickery's talk earlier in the day there is another report that says that Real are happy to let Militao leave.
What is particularly interesting is that the report says that there would be an option to buy.
Sounds as if time is up for Militao in Madrid...
15:31 - Fosu-Mensah signs for Leverkusen
Timothy Fosu-Mensah is officially a Bayer Leverkusen player.
He has signed a contract until 2024 and joins them immediately.
15:17 - Jack Clarke set for loan move
Remember Jack Clarke? Once one of the best young wingers in the country Clarke's progress has stagnated a little bit since joining Spurs.
In order to rectify that a little bit Spurs plan to send Clarke on loan to Stoke according to a report from Sky Sports News.
It could be what Clarke needs to show that he is capable of playing for Spurs in the Premier League.
15:06 - Dembele announcement imminent
Earlier we brought you the news that Islam Slimani had passed his medical at Lyon and now reports from Telefoot say that Moussa Dembele has passed his medicals at Atletico Madrid.
The French forward will join the Spanish side on loan until the end of the season with an option to purchase for €35 million.
Now all we need is an official announcement and we expect that to be coming soon.
14:54 - Erling Haaland detail
In case you wanted a bit more detail on the Erling Haaland and Barcelona links we had a little chat to experts in our Spanish and German offices.
It sounds as if Barcelona might well be in for him but a lot will depend on Lionel Messi.
Furthermore it's unclear whether or not Dortmund will even sell Haaland this summer. Read the full story here.
14:40 - Tim Vickery Update Time!
Brace yourself party people South American football expert Tim Vickery has given a big update to Sky Sports. Here are some of the highlights.
Moises Caicedo - The Ecuadorian central midfielder is extremely highly thought of and had been linked to Manchester United but now it sounds as if Brighton have moved ahead in the race.
Eder Militao - Vickery reckons that Tottenham Hotspur are definitely interested in the Real Madrid man and he could be a replacement for Davinson Sanchez, or a compliment.
Best of the rest - Diego Costa remains an option for Wolves and West Ham. There's a chance that Marcos Rojo and Sergio Romero leave Manchester United but it's unclear where.
14:24 - Balogun agrees RB Leipzig deal
Arsenal starlet Florin Balogun has agreed a pre-contract to sign with RB Leipzig.
Balogun is extremely highly thought of at Arsenal and this news from Football Insider will come as a big blow o the Gunners.
Arsenal boss Mikel Arteta had previously said that a contract had been offered to the forward.
14:10 - Euro Papers is here!
Catch up with today's Euro Papers with all the latest on the David Alaba situation.
Where exactly is the Austrian centre-back going to go?
Race for Alaba hots up with SIX clubs interested - Euro Papers
13:58 - Esposito set for loan move
Sebastiano Esposito is one of the most exciting young forwards in Italy but right now he needs regular game time.
Gianluca Di Marzio reports that he is now set for a loan move to Venezia in order to get some game time.
With Lautaro Martinez linked with a move away this loan might be the best chance for Esposito to prove he's ready to lead the line for Inter.
13:44 - Lingard representatives have spoken to Nice
Jesse Lingard's future at Manchester United remains unclear. He has hardly playing but United seem to want to keep him regardless. Probably as he's a home-grown player.
However Sky Sports report that his representatives have spoken to French side Nice about a possible loan move. The ball might end up being in United's court. Don't forget that Dean Jones said that Sheffield United are interested in Lingard.
A move would be perfect for Lingard given how stagnant his career has become and it might give him a very outside chance of making the England squad for the Euros.
13:33 - PSG expert view - Would they really sell Mbappe to sign Messi and Aguero?
Remember I promised you some expert analysis on PSG? Well here it is!
The above article features analysis from Eurosport France's Julien Pereira and yours truly about the current PSG situation. Enjoy!
13:22 - West Ham told to up offer for Dia
According to Telefoot West Ham have been told to up their offer for Boulaye Dia, the Senegal international who plays for Reims.
The report says the first offer came in around €10 million but Reims are holding out for closer for €15m.
West Ham see Dia as an option for their front line having let Sebastien Haller move to Ajax.
13:11 - 'The Premier League suits me' - Dumfries on transfer
"The Premier League and the Bundesliga, they suit my game. I can see the headlines again, but I think I can say this and I think everyone can see that I am ready to move on."
Those are the words of PSV full-back Denzel Dumfries. He has shone in the last couple of seasons for the Dutch giants and has not held back about talking about a move away.
This interview comes from Voetbal International and Dumfries has been linked with moves to Newcastle and Arsenal
13:02 - Edouard prepared to wait for move
Odsonne Edouard had been expected to leave Celtic this January, with the Scottish champions slashing their asking price for the forward.
However Football Insider reports that Edouard does not intend to rush a move and is prepared to wait for the summer for the right opportunity.
Edouard intends to use the second-half of the season to demonstrate his worth to any prospective suitors, even if Celtic lag behind arch-rivals Rangers.
12:50 - LA Galaxy pick up former West Brom keeper Bond
This is an interesting one. The LA Times report that the LA Galaxy have brought in West Bromwich keeper Jonathan Bond.
Bond has bounced around different clubs in England but represents a smart pick up for the Galaxy because he holds an American passport so won't take up an international slot.
He will compete with Jonathan Klinsmann, son of former USA boss Jurgen, for the starting spot.
12:38 - Jovic loan has no option to buy
Bild exclusively report that the loan for Luka Jovic to return to Frankfurt will have no option to buy in it.
That means one of two things. Either Real still believe Jovic has a future with them or they believe that he will perform so well they can demand a fee out of Frankfurt's price range.
12:25 - Slimani paves wave for Dembele to Atletico
Everyone's favourite transfer guru Fabrizio Romano is saying that Islam Slimani has completed his medical with Lyon.
His signing will pave the way for Moussa Dembele to move to Atletico Madrid on loan.
Slimani is hardly an upgrade on Dembele but he can given Lyon the breathing space they need until replacing him in the summer.
12:14 - Juventus plan Reynolds loan
It sounds as if Juventus are closing in on the signing of American starlet Bryan Reynolds from FC Dallas.
Reynolds is one of just many exciting young prospects to come out of the club and Juventus have had recent success with Americans after their signing of Weston McKennie.
Reynolds will reportedly go to Beneveto and Pippi Inzaghi on loan once he signs for Juve.
12:01 - Charlie Brown joins MK Dons on permanent basis
In other news young Chelsea forward Charlie Brown has joined MK Dons on a permanent basis.
Brown is 21 and has been with Chelsea since 2016 but hasn't been able to get anywhere near the first team.
The move to MK Dons will give him the chance to for regular football and to showcase his talent.
11:45 - Steve Bruce job not under threat
Newcastle United boss Steve Bruce is under even more pressure after defeat against Sheffield United on Tuesday evening.
However according to a report from the Press Association Bruce is not expected to be relieved of his duties as Newcastle manager.
The report says that Mike Ashley is still focused on selling the club and has no intention of beginning a manager search.
11:30 - Liverpool cool interest in Alaba
Earlier we mentioned Liverpool as one of the clubs who are interested in Bayern defender David Alaba but The Independent report that the Reds aren't as strongly pursuing him.
There are two reasons for this, one is that they expect him to pick Real Madrid over the others and the second is that they don't think he's good enough aerially.
The first argument makes sense but the second seems a little weak, even if Alaba isn't the biggest he's still a world-class central defender.
11:19 - Lazio are getting a new left-back
It sounds as if Lazio are close to getting a new left-back. Talented young 20-year-old left-back Dimitrije Kamenovic is reportedly close to agreeing a deal.
According to Gianluca Di Marzio the Serbian defender will stay with his club Cukaricki until the end of the season.
The fee will be around €3 million and it should be a four-year contract.
11:06 - Fosu-Mensah agrees Leverkusen contract
It sounds as if Timothy Fosu-Mensah is close to moving to Bundesliga side Bayer Leverkusen as he has agreed a contract according to the Mail.
Fosu-Mensah has fallen down the pecking order at Manchester United and will now move on to get more regular football.
This is a really interesting move, Fosu-Mensah always had the talent he just never always got a consistent chance. I wonder whether United will regret this one.
10:54 - Valencia chasing Roca and Winks
According to a report from Spanish outlet AS Valencia are still chasing a new midfielder to come in on loan during the transfer window.
The two players who are linked are Marc Roca of Bayern Munich and Tottenham Hotspur's Harry Wink, with the latter being the priority.
However signing either player might be hard. Roca reportedly wants to stay and fight for his place at Bayern whilst Spurs are reluctant to see Winks leave.
10:41 - Rennes starlet to leave
According to Goal France Stade Rennais starlet Georginio Rutter will be leaving the French club and won't be extending his contract.
18-year-old Rutter is extremely highly thought of and is expected to move to the Bundesliga, and in particular Hoffenheim.
It will be interesting to see whether or not this serves as a stepping stone for Rutter or if this ends up being a step too far for the youngster.
10:29 - RB Leipzig might lose Sabitzer and Forsberg on free transfers
It's more free transfer news! And it's another report from SportBild who report that RB Leipzig could lose two fo their best players.
Marcel Sabitzer (26) and Emil Forsberg (29) are both now in the final 18 months of their contracts, which would normally cause Leipzig to sell in order to gain some financial compensation.
However because of the falling transfer fees due to the pandemic Leipzig might let them run down the contract and keep their stars for an extra year.
10:15 - Julian Nagelsmann on Chelsea shortlist
There's another update for you on the Chelsea managerial process in case they decide to fire Frank Lampard.
Christian Falk reports that RB Leipzig manager Julian Nagelsmann is a manager to add to the shortlist. That goes along with Thomas Tuchel, Max Allegri, Brendan Rodgers and Ralph Hasenhuttl.
It certainly seems as if Chelsea are considering their options given the amount of rumours that are coming out in the press and if I was Lampard I'd be a bit worried.
10:00 - Inside Football is here!
Dean Jones is here with his latest Inside Football column!
Today's edition focuses on AC Milan. The Italian giants wanted to sign Luka Jovic but as we mentioned earlier the forward is moving back to Germany.
So instead Milan will turn their attention to out of contract Mario Mandzukic as they look for striker cover. You can read all the details here.
09:47 - Bayern prepare for Alaba departure as Austrian chased by six clubs
Speaking of players leaving on a free transfer we know that David Alaba will be leaving Bayern Munich at the end of the season in search of a new challenge.
According to a report from SportBild there are six clubs chasing Alaba. They are PSG, Liverpool, Manchester City, Real Madrid, Barcelona and Manchester United. Not a bad list to be choosing from.
In other news Bayern are now entering the race for RB Leipzig defender Dayot Upamecano.
09:34 - Barcelona edge closer to Eric Garcia signing
Hey it's some double Barca action here. In fact it's double "Barca signing a Man City player on a free transfer."
This one looks a little more likely as Mundo Deportivo report that the Catalan side are close to being able to sign defender Eric Garcia, whose contract expires at the end of the season.
In fact in order to get the deal through and get Garcia in Barcelona during this window Barca will pay City a small fee of €10 million (€5m fixed and €5m in variables).
09:21 - Barcelona join race for Sergio Aguero
Sergio Aguero is entering the final six months of his contract and no new deal is on the horizon at Manchester City as they weigh up what to do in their striking department.
Initially it was believed at this stage of his career Aguero would return to boyhood club Independiente in Argentina but it sounds as if big European clubs are going to try and change his mind with a big pay-day.
French champions PSG have been linked (and we'll have more on that very soon) but according to The Sun Spanish giants Barcelona will also move to try and bring the forward in.
09:10 - Luka Jovic return to Frankfurt imminent.
It would probably be safe to say that Luka Jovic's big move to Real Madrid hasn't worked out. As ridiculous as it sounds there was a time when Jovic was one of the most feared strikers in Europe as he plundered goal after goal with Eintracht Frankfurt.
However now it sounds as if Real are prepared to let him leave, on a short-term basis at least, so he can try and regain his confidence. He's going to be going back on loan to Frankfurt according to Marca who cite Serbian outlet Republika.
I feel a bit for Jovic, and even Real to an extent. The plan here was clear but Karim Benzema, at the age of 33, is playing better than anyone expected. Jovic needs game time badly so he can try and convince Real to not try and sign the aforementioned Haaland, or from Real's perspective to drive up the price if they decide to sell him.
09:00 - Good morning everyone
Thanks for that Tom, nice of you to kick us off with an absolute doozy. I tell you what Haaland moving to Barcelona would be an absolute stunner. Firstly I'm pretty confident that they have no money whatsoever. Secondly I'm pretty confident that whatever money they had has been spent on players like Ousmane Dembele and Antoine Griezmann.
We've got some cracking transfer lines coming up in the very near future so make sure you've comfortable and why not take a read of today's Paper Round while I get everything in order.
08:45 - Barca in pole position to sign Haaland
Pete Sharland will be with you shortly, but just to kick things off... Literally every big club in football wants Borussia Dortmund striker Erling Haaland but according to reports on Wednesday morning, it is Barcelona who currently have the edge. Spanish TV show OnzeTv3 are reporting that Haaland will leave Dortmund in the summer and that Barcelona have the advantage in the race to sign him.
Why? Because superagent Mino Raiola is apparently keen to get his client to the Camp Nou, which could well be a decisive factor given the influence he enjoys. Haaland is under contract until 2024 and, as previously reported in Inside Football, Manchester City were seen as the most likely club to make a first move to sign him in 2021.
Who's really leaving: Haaland, Kane, Grealish, Rice, Varane? - Inside Football
Chelsea ready £50m Lewandowski transfer move - report