We take a look around the papers for the latest news from Manchester United, Manchester City, Arsenal, Chelsea, Tottenham, Fulham, Liverpool, Newcastle, Sunderland, Blackburn, Aston Villa, QPR, Fulham and Inter Milan.
Newcastle are prepared to buy back Andy Carroll from Liverpool - but will not pay more than £10m for the striker they sold to the Anfield club for £35m a year ago.
Meanwhile, Newcastle have put a £15m price tag on goalkeeper Tim Krul.
Alternatively, the Magpies would be willing to pay about £15m for Carroll, but the Tyneside club believes Liverpool’s valuation could be closer to £25m.
Spurs boss Harry Redknapp wants his chairman Daniel Levy to stump up £7m for Bolton defender Gary Cahill, whose proposed move to Chelsea has stalled over his wage demands and his preference to move to a club where he is assured of being a first choice.
New QPR manager Mark Hughes has made Chelsea striker Didier Drogba his number one transfer target.
Arsenal starlet Alex Oxlade-Chamberlain wants to leave the club on loan during the transfer window to boost his chances of getting on the plane for Euro 2012.
Striker Mario Balotelli has dismissed reports he wants to quit Manchester City.
The Gunners face competition from Chelsea and Manchester City to sign 16-year-old Southampton left-back Luke Shaw, who is valued at about £4m even though he is yet to make his first-team debut.
Hughes has already contacted his former club Manchester City about signing defenders Nedum Onuoha and Wayne Bridge, and Blackburn to make an £8m offer for Christopher Samba. Hughes has a budget of £30m to spend in January.
Man City striker Mario Balotelli says Mancini is a better manager than Real Madrid boss Jose Mourinho.
Everton are believed to be looking at Egyptian striker Mohamed Nagy, who plays for Al Ahly in Cairo.
Sochaux striker Modiba Maiga, whose proposed move to Newcastle fell through last month when he failed a medical, is now hoping to join Stoke.
Fulham have joined the clubs watching Jamie Vardy, non-League Fleetwood’s £1m-rated striker.
Paul Ince is set for a return to management this week - with League Two side Bristol Rovers.
Liverpool are understood to be interested in Inter Milan striker Luc Castaignos - a transfer target for Merseyside rivals Everton - on a loan deal.
Stoke’s proposed £1.5m signing of VVV Venlo striker Michael Uchebo is in danger of collapse over work permit issues.
Out-of-favour Tottenham defender Sebastien Bassong has reiterated he could leave the club after growing increasingly frustrated by his lack of playing time.
Newcastle say they have not received any bids for striker Demba Ba.
Sir Richard Branson has ruled out bidding to rename Newcastle’s ground St James’ Park after his takeover of Northern Rock.
Inter Milan president Massimo Moratti says the club are “serious” about signing wantaway Manchester City striker Carlos Tevez.
Former Manchester United striker Eric Cantona will not be in the running to become the president of France.
London Evening Standard
Qatar outfit Al-Sadd have pulled out of a deal for QPR striker Adel Taarabt, after baulking at his £15m price tag.
David Beckham’s son Romeo may have broken his daddy’s heart after seemingly deciding to support Manchester United’s Premier League rivals Arsenal.
Manchester City boss Roberto Mancini has criticised Liverpool’s handling of the Luis Suarez affair and insisted the striker should have apologised sooner for racially abusing Patrice Evra.
Aston Villa midfielder Ciaran Clark insists he has never contemplated going out on loan to boost his hopes of playing for the Republic of Ireland at the Euro 2012 Championship.
Blackburn manager Steve Kean’s agent has questioned the motives behind the protests at Rovers and has suggested the fans involved are not “true supporters”.
Tottenham manager Harry Redknapp already has a plan to stop Thierry Henry - by re-signing Glenn Hoddle and Ossie Ardiles.