Real Madrid are preparing a £60m move for Manchester United striker Wayne Rooney, who is their top summer transfer target, and will pursue him in the same way they chased Cristiano Ronaldo last season.
Liverpool are set to sign Dutch striker Ruud van Nistelrooy next week and also hope to bring in his Real Madrid team-mate Rafael van der Vaart on loan until the end of the season.
As well as Van Nistelrooy, Reds boss Rafael Benitez is poised to bring in Atletico Madrid winger Maxi Rodrigez on loan.
Tottenham are poised to make a £12m January swoop for Manchester City right-back Micah Richards, while City will bolster their defence by signing Sol Campbell on a short-term deal and spending a total of £25m on West Ham's Matthew Upson and Borussia Dortmund's Neven Subotic.
Arsenal manager Arsene Wenger has ruled out making another bid for Bordeaux striker Marouane Chamakh.
Wenger is confident of beating Tottenham and Everton to sign Chamakh when he becomes a free agent in the summer after being told there is no chance of buying the Moroccan in January - but the Gunners boss is also considering buying another striker this month and is interested in Wolfsburg's Edin Dzeko and Toulouse's Andre-Pierre Gignac.
Tottenham will recall midfielder Jamie O'Hara when his loan spell ends at Portsmouth this month and send him on loan to another Premier League club.
Crystal Palace must sell teenage winger Victor Moses this month to ease their financial problems and will accept £3m for the 19-year-old - who is being trailed by Liverpool, Manchester City, Tottenham, Arsenal, Birmingham, Wigan, Everton and West Brom.
Liverpool are set to sign Dutch striker Ruud van Nistelrooy next week and also hope to bring in his Real Madrid team-mate Rafael van der Vaart on loan until the end of the season.
As well as Van Nistelrooy, Reds boss Rafael Benitez is poised to bring in Atletico Madrid winger Maxi Rodrigez on loan.
Tottenham are poised to make a £12m January swoop for Manchester City right-back Micah Richards, while City will bolster their defence by signing Sol Campbell on a short-term deal and spending a total of £25m on West Ham's Matthew Upson and Borussia Dortmund's Neven Subotic.
Arsenal manager Arsene Wenger has ruled out making another bid for Bordeaux striker Marouane Chamakh.
Wenger is confident of beating Tottenham and Everton to sign Chamakh when he becomes a free agent in the summer after being told there is no chance of buying the Moroccan in January - but the Gunners boss is also considering buying another striker this month and is interested in Wolfsburg's Edin Dzeko and Toulouse's Andre-Pierre Gignac.
Tottenham will recall midfielder Jamie O'Hara when his loan spell ends at Portsmouth this month and send him on loan to another Premier League club.
Crystal Palace must sell teenage winger Victor Moses this month to ease their financial problems and will accept £3m for the 19-year-old - who is being trailed by Liverpool, Manchester City, Tottenham, Arsenal, Birmingham, Wigan, Everton and West Brom.