Arsenal are set to revive their interest in Real Madrid striker Karim Benzema after missing out on the Frenchman in the summer.
Schalke have identified Chelsea’s Kevin De Bruyne and Tottenham’s Lewis Holtby as two possible transfer targets if Julian Draxler leaves the club in January.
Arsenal youngster Thomas Eisfeld could be on his way out on loan this January, with Southampton and Aston Villa leading the chase to sign the German midfielder.
Manchester City manager Manuel Pellegrini is keen on signing Barcelona midfielder Javier Mascherano to give his struggling defence more protection.
Liverpool will move for Zenit St Petersburg and Brazil star Hulk if Luis Suarez leaves Anfield in January.
Chelsea could be set to launch a sensational double raid on Atletico Madrid for striker Diego Costa and centre-back Miranda.
Former Manchester City manager Roberto Mancini could raid his old club as he eyes a move to bring Aleksandar Kolarov to Galatasaray.
AC Milan will target Arsenal defender Thomas Vermaelen as a backup option if they fail to land Nemanja Vidic from Manchester United.
Tottenham are the latest club who could look to snap up highly-rated young striker Romelu Lukaku from rivals Chelsea.