The winter window opened on Jan. 2, and, as always, Transfer Talk has its finger on the pulse when it comes to all the latest rumours and gossip. See all the latest deals here.
TOP STORY: Man United on alert over 'intensely disappointed' Bale
Another manager bites the dust at Real Madrid, and another round of speculation about the future of the club's star players begins.
The Times reports that Gareth Bale is considering his future at the Bernabeu after the sacking of Rafa Benitez and his replacement by Zinedine Zidane. The report states that the Wales captain is "intensely disappointed" by developments after having formed a good working relationship with Benitez.
And that is likely to trigger big interest at Old Trafford, where talk of a potential mega-money deal for Bale has never really gone away. But The Times writes that Real president Florentino Perez does not want to sell the world's most expensive player, and warns that if he were ever to do so, the price would start at around ... £150 million.
23:10 GMT: That's all for tonight's live blog but we'll be back in the blink of an eye with a roundup of the best lines from tomorrow morning's papers!
22:56 GMT: Watford have ruled themselves out of the race for Emmanuel Adebayor, the Daily Mail says, leaving Crystal Palace as the sole reported interested party. But Alan Pardew still has a wealth of striker targets to choose from, including Loic Remy, Benik Afobe, Charlie Austin, Khouma Babacar, and Fulham's Moussa Dembele.
22:41 GMT: After seeing Philippe Coutunho, Dejan Lovren and Kolo Toure all grab their hamstrings and wince in Tuesday's Capital One Cup win over Stoke, Liverpool boss Jurgen Klopp says he could be forced into the transfer market to find reinforcements.
Klopp said: "In this situation with no centre-backs fit I would say [transfers] is something we could look at."
22:10 GMT: Contrary to previous reports, Leicester City are not interested in bringing in AC Milan's Nigel De Jong, according to the Leicester Mercury.
21.50 GMT: While real clubs are looking over the transfer market and figuring out possible moves, how about your fantasy team? The ESPN game is ready for segment two and it's time to get your squads in shape!
21.34 GMT: To update an earlier item, Kenwyne Jones has completed his transfer to UAE side Al Jazira Club on loan. The Daily Mail reports that the 31-year-old Trinidad & Tobago striker will leave Cardiff City until the end of the 2015-16 season, at which point his contract (worth £35,000 a week) expires.
Said Jones on Facebook: "I am really appreciative of the opportunity to have worked with a great team at Cardiff, and to play in front of some of the most passionate fans in Wales. This decision was made based on the opportunities presented to me. I would like to say thank you to the Bluebirds' staff and players -- I wish them all success in their future endeavours.
"I also extend a special thank you to the amazing Bluebirds supporters. It has really been my absolute pleasure, and I will never forget you."
21.21 GMT: Are you a team interested in the services of Marseille goalkeeper Steve Mandanda? Well, you might want to prepare alternative options as club president Vincent Labrune has stated their longtime shot-stopper is not for sale.
Besiktas, Liverpool and Aston Villa have all reportedly expressed interest but Labrune's having none of it. "We will not part with our best people in mid-season," he said to RMC Sport in France. "Mandanda is part of our lifeblood and he will not go away this winter. We are both on the same wavelength. We do not want to sell him and Steve is not looking for a club."
20.55 GMT: Derby County's bid for promotion to the Premier League got another boost on Tuesday with news that the club is on the verge of signing Nick Blackman from fellow Championship side, Reading.
The 26-year-old striker has scored 11 goals already this season and will add valuable depth up front for Derby manager Paul Clement. Having snubbed Sheffield Wednesday, Blackman will cost approximately £2 million. Not bad business.
20.31 GMT: Borussia Dortmund centre-back Matthias Ginter wants teammates Pierre-Emerick Aubameyang and Ilkay Gundogan to continue on with the Bundesliga side despite speculation over their respective futures. Story here.
20.15 GMT: L'Equipe says that AS Monaco are interested in signing French under-21 international defender Presnel Kimpembe from Paris Saint-Germain. But the paper reports that PSG want to keep hold of the player.
19:50 GMT: Without a club since September, Emmanuel Adebayor is weighing competing offers from Watford and Crystal Palace, according the Guardian. Watford might be offering more money, but the 31-year-old could see more time on the pitch at Palace, who are in greater need of a striker.
19.11 GMT: Swansea pair Josh Sheehan and Adam King have returned to the Liberty Stadium following respective loan spells at Yeovil and Crewe.
18.52 GMT: Palermo's president has confirmed that Bryan Cristante is set to join the club from Benfica.
- footballitalia (@footballitalia) January 5, 2016
18.37 GMT: Marco Verratti has agreed a deal to stay at Paris Saint-Germain until "at least 2020," according to his agent.
18.21 GMT: Remember Joe Cole? He's spent the last three months on loan at Coventry City from Aston Villa, and now the Sky Blues are hoping to make the move permanent. The Coventry Telegraph reports the deal could be done by the end of the week, if the player accepts a massive drop in wages.
18.05 GMT: Diego Suarez, the younger brother of Barcelona star Luis Suarez, is trying to win a contract at El Salvador top division club Isidro Metapan this week.
17.52 GMT: The Sun is reporting that Cardiff striker Kenwyne Jones is set to depart English football, bound for Al Jazira.
17.31 GMT: Borussia Dortmund don't seem to be happy with scurrilous stories about Pierre-Emerick Aubameyang's future after he missed the return to training today due to a personal appointment. Dortmund quickly responded to one Twitter news source:
@indykaila The reason is pretty well known in fact: He missed training due to a personal appointment. Will be back tomorrow.
- Borussia Dortmund (@BVB) January 5, 2016
17.15 GMT: United States forward Jordan Morris will join Werder Bremen next week during their winter training camp, the Bundesliga club said on Tuesday. Story here.
16.59 GMT: Inter Milan manager Roberto Mancini has said he wants to keep hold of Marcelo Brozovic in the winter transfer window despite reports that Arsenal are ready to table a bid. Story here.
16.47 GMT: The Daily Mail reports that Chelsea and Tottenham will battle it out to sign Zenit St Petersburg midfielder Axel Witsel.
16.40 GMT: Real Socieded defender Aritz Elustondo has signed a new contract with the club until 2020. Story here.
16.28 GMT DONE DEAL Galatasaray have announced the signing of former Netherlands under-21 international Ryan Donk from Kasimpasa. Story here.
- Galatasaray EN (@Galatasaray) January 5, 2016
16.09 GMT: Everton manager Roberto Martinez insists he would not welcome bids for Kevin Mirallas during the January transfer window and expects him to play a big role this season. Story here.
15.54 GMT: Brighton have asked Arsenal about the possibility of signing winger Serge Gnabry on loan for the second half of the season, sources have told ESPN FC. Story here.
15.32 GMT: New Real Madrid coach Zinedine Zidane says he aims to have a good relationship with all his players, including Gareth Bale. Story here.
15.16 GMT: Willy Aubameyang has left FC Kray, and local outlet Reviersport suggests that this could signal the end of Pierre-Emerick Aubameyang's time at Borussia Dortmund since the two brothers always played in the same region. It might be best not to take that one too seriously.
14.49 GMT: Queens Park Rangers striker Charlie Austin is in no rush to leave, according to Neil Warnock. Story here.
14.31 GMT: L'Equipe says Marseille full-back Benjamin Mendy, who attracted interest from AC Milan and Juventus over the summer, could extend his deal by two years.
14.15 GMT: Manchester City boss Manuel Pellegrini remained characteristically tight-lipped when asked at his news conference on Tuesday about links with Schalke winger Leroy Sane and Real Madrid midfielder Isco.
"I don't talk about rumours," he said, as well as ignoring suggestions that City right-back Pablo Zabaleta is a target for Inter Milan.
13.58 GMT: QPR defender Darnell Furlong is set to join League Two club Cambridge United on loan, sources have told ESPN FC.
13.40 GMT: Sheffield Wednesday want to make Crystal Palace right-back Jack Hunt's loan permanent but face rival interest from several Championship clubs, according to TEAMtalk.
13.24 GMT: Chris Smalling says the summer speculation linking Manchester United with top centre-backs has driven him on to produce his best form. Story here.
13.14 GMT: Norwich winger Elliott Bennett in talks with Blackburn Rovers over a move to Paul Lambert's side, sources have told ESPN FC.
12.49 GMT BREAKING Bayern Munich boss Pep Guardiola has confirmed he did not prolong his contract because he wants to coach in the Premier League. Story here.
12.27 GMT: Newcastle United and Crystal Palace are weighing up moves for unsettled Swansea City midfielder Jonjo Shelvey, sources have told ESPN FC. Story here.
12.11 GMT: Watford are targeting former Atletico Madrid midfielder Mario Suarez, according to the Watford Observer. The 28-year-old has seen little match action since joining Fiorentina in the summer and Quique Sanchez Flores, who was in charge at Atletico between 2009 and 2011, is apparently eyeing a reunion.
11.52 GMT: Villarreal left-back Bojan Jokic is set to join Nottingham Forest on loan, according to the Nottingham Post. The Slovenia international, whose move will have to be ratified due to the Championship side's transfer embargo, will join as a replacement for Daniel Pinillos, who has ruptured knee ligaments.
11.40 GMT OFFICIAL Inter Milan goalkeeper Samir Handanovic has extended his contract until 2019. Story here.
- F.C. Internazionale (@Inter_en) January 5, 2016
11.35 GMT: Arsenal are set to seal the signing of Mohamed Elneny from Basel before long. Story here.
Swiss club Basel confirm Arsenal target Mohamed Elneny was not in training and could complete a transfer "in the coming days".
- Mattias Karén (@MattiasKaren) January 5, 2016
11.20 GMT: L'Equipe says Marseille's contract negotiations with Michy Batshuayi could be concluded before their game with Guingamp on Sunday. The Belgian striker, 22, is tied to the French club until 2019 but has been tipped to sign a one-year contract extension. Batshuayi, who joined Marseille from Standard Liege in the summer of 2014, has scored 14 goals in 25 matches for Marseille this season.
L'Equipe says Tottenham, Crystal Palace and Newcastle are all interested in signing the forward in January, while Arsenal have had him watched regularly.
11.13 GMT: Not really transfer news as such, but Roma legend Francesco Totti could be set to retire at the end of the season, according to his wife. Read that one here.
11.06 GMT: After completing the signing of Rosenborg forward Alexander Toft Soderlund, St Etienne could also make a move for Stabaek's attacking midfielder Yassine el-Ghanassy, according to L'Equipe. The 25-year-old Belgian, who had a loan spell with West Brom in 2012, finished with the most assists in the Norwegian league last season.
10.49 GMT DONE DEAL Cologne sign left-back Filip Mladenovic from Belarussian side BATE Borisov. The 24-year-old Serb has signed a contract until 2019. His arrival could see Germany international Jonas Hector exit in the summer. Hector is under contract until 2018.
- 1. FC Köln (@fckoeln) January 5, 2016
10.38 GMT DONE DEAL Carpi have signed former Switzerland youth international Fabio Daprela, 24, on a free transfer after he left Palermo yesterday.
- carpifc1909 (@carpifc1909) January 5, 2016
10.27 GMT: Bild reports that Nicklas Bendtner wants out of Wolfsburg, but there is currently no offer for the former Arsenal striker. According to Wolfsburger Allgemeine Zeitung, Bendtner's dream is to return to England.
10.11 GMT: Heard the rumours Iker Casillas might return to Real Madrid now his former teammate Zinedine Zidane is in charge? Turns out the Porto keeper was the subject of a prank phonecall. Read that here in the Toe Poke.
09.56 GMT: France Football says Nantes are interested in out-of-favour Newcastle player Gabriel Obertan. The 26-year-old attacking midfielder has made just five appearances for the Magpies this season in the Premier League.
09.45 GMT: L'Equipe says Lyon defender Milan Bisevac, 32, is set to undergo a medical at Lazio today
09.29 GMT: Want to buy Cristiano Ronaldo? Well he will cost a bit less than Chelsea's Eden Hazard, according to this CIES study.
09.16 GMT: Man United may be linked with Gareth Bale, Neymar and most of the top players in the world, but Musa Okwonga says that the club don't need a star name.
08.35 GMT: Boca Juniors forward Jonathan Calleri is nearing a move to Inter Milan, club president Daniel Angelici confirmed on Monday.
08.21 GMT: Sport Bild have news that Liverpool are tracking young Schalke star Max Meyer. Jurgen Klopp is a known admirer and it would take around £20m to secure the midfielder's services apparently.
07.59 GMT: Ghana international Kevin-Prince Boateng has re-joined his old club AC Milan on a free transfer, according to multiple reports in Italy. Full story.
07.30 GMT: Schalke have ruled out selling reported Manchester City target Leroy Sane during the January transfer window. Full story.
New striker? Arsene might give it a Troy
When you talk about Watford these days, the conversation inevitably centres on two players -- Troy Deeney and Odion Ighalo, the seamless strike partners who have propelled the Hornets into the top half of the table.
Managers, too, have been sitting up and taking notice, and the Star reports that Arsenal's Arsene Wenger is one of them. Wenger, according to the Star, wants to bring the bustling Deeney to the Emirates to beef up his club's challenge for the Premier League crown.
- Nick Sutton (@suttonnick) January 4, 2016
The paper writes that Wenger "is in the market for a hit man, knowing the addition of a ready-made striker could be key to the club winning their first title for 12 years."
Carroll linked with return to his roots
West Ham striker Andy Carroll may have made himself the toast of West Ham fans after scoring the goal that sealed a weekend victory over Liverpool, but the Mirror doesn't think that means he will be sticking around in East London this winter.
The Mirror says the striker could be set for a sentimental return to Newcastle -- but that might not be where he ends up if their fellow strugglers and North East neighbours Sunderland have anything to do with it.
- Nick Sutton (@suttonnick) January 4, 2016
West Ham "are willing to offload" Carroll, who cost them £15 million from Liverpool, because boss Slaven Bilic needs to sell if he wants to bring reinforcements to Upton Park.
Both Newcastle and Sunderland, in the Premier League relegation zone, are willing to pay around £18 million for the striker, who cost Liverpool a mighty £35 million when he joined them from the Magpies in the frenetic 2011 winter window. Could he become a January star of the show again?
City slicker Gundogan?
It wasn't all that long ago that Ilkay Gundogan was being strongly linked with a move to Liverpool -- that Jurgen Klopp/Borussia Dortmund link was too much to resist -- but now it seems the Germany international midfielder could be heading elsewhere in the Premier League.
The Manchester Evening News suggests Gundogan could be going to Manchester City, but only if Pep Guardiola takes over from Manuel Pellegrini in the summer.
It cites reports in Spain that say Gundogan, 25, would be a key target if former Bayern Munich and Barcelona boss Guardiola makes the Etihad Stadium his next port of call.
Miami nice for Ronaldo
Cristiano Ronaldo and David Beckham: glamour, glamour, glamour. And the Sun suggests the two ex-Manchester United stars could team up at Beckham's forthcoming MLS franchise in Miami.
The paper reports that Ronaldo's love of Miami life, coupled with Beckham's keenness to bring in a big name or two to get things off to an even higher profile start than they might otherwise, could clinch the deal.
The Sun states that Beckham is "in place to offer the option of a two-year MLS career to his old teammate," (yes, that's what it says) and quotes Portuguese daily Correio da Manha's reporting that "a source close to" Ronaldo had said Miami was the Real Madrid man's favourite city.
- Ronaldinho for the Premier League? It could happen, says the Sun, which reports that "more than one" English club has asked about the possibility of bringing in the 35-year-old.
But it's not only English clubs that are keen, according to the player's brother and agent Roberto, who has said he still "loves to win." But if you're after a clue as to which clubs are keen, there are no clues; Roberto's cards are staying close to his chest.
- Brazilian reporter Jorge Nicola of Yahoo Esportes reports that Corinthians striker Alexandre Pato is poised to move to Chinese second-division club Tianjin Songjiang after an offer was accepted.
Pato, who has spent two years on loan with Corinthians rival Sao Paulo, has a year remaining on his contract, and the club are keen to offload the one-time AC Milan man.
- Sheffield Wednesday have made an offer for Brentford's Republic of Ireland attacker Alan Judge, and the Bees have rejected it, Sky Sports reports.
It says the Wednesday offer did not come close to Brentford's valuation of a player who has been outstanding for them since arriving from Blackburn.
- France Football says Ligue 1 Nantes could make a move for Newcastle winger Gabriel Obertan, who is out of contract in the summer.