Liverpool are prepared to make a £50m bid in January for Real Madrid’s French forward Karim Benzema, 26.
Manchester United will try to sign Valencia defender Nicolas Otamendi, 26, if they fail to get their top target – Borussia Dortmund centre-half Mats Hummels, 26.
Tottenham and Liverpool are both keen to sign Porto’s 28-year-old forward Jackson Martinez in the January transfer window.
The Reds are also interested in Aston Villa midfielder Fabian Delph and see the 25-year-old as a long-term replacement for Steven Gerrard, 34.
Liverpool captain Gerrard wants winger Raheem Sterling, 20, to sign a new contract at Anfield to end rumoured interest from Real Madrid and Bayern Munich.
Atletico Madrid centre-half Diego Godin, 28, a reported transfer target for Chelsea, dismisses a move to the Premier League and says he wants to stay at the La Liga champions.
Manchester United are prepared to spend more than £30m on new players in the January transfer window to strengthen their defence and midfield.
Cardiff City boss Russell Slade is expecting a busy transfer window at the Championship club. “There will be players coming in – and a number going out,” says Slade.
Southampton’s Dutch manager Ronald Koeman says his side will not bid for Netherlands and Galatasaray midfielder Wesley Sneijder, 30, as they would not be able to afford his wages.
Wolves are set to sign Iceland attacking midfielder Gudmundur Thorarinsson, 22, from Norwegian top-flight side Sarpsborg 08.
French side Lille want to sign Sunderland striker Jozy Altidore, 25, on a loan deal in January, but the Black Cats are hoping for a permanent move.
West Ham striker Carlton Cole, 31, wants to stay with the Hammers, despite only starting one Premier League game since August.