Former England captain David Beckham, 37, is in talks with Chinese Super League club Shanghai Shenhua over a one-year deal worth a reported £250,000 per week.
Tottenham chairman Daniel Levy plans to tell Real Madrid that 23-year-old winger Gareth Bale is valued at £60m.
Chelsea midfielder Frank Lampard, 34, is to be offered the same wages as David Beckham to move to LA Galaxy and could earn around £4m a year with the American side.
Real Madrid and Paris St-Germain will open talks this week with Chelsea left-back Ashley Cole, 32, about a summer move.
But Paris St-Germain manager Carlo Ancelotti says he "does not need" new players in January.
Real Madrid are reportedly planning a £22m summer move for Manchester United goalkeeper David de Gea, 22.
Arsenal plan to hold more talks with Theo Walcott next month in an attempt to keep the 23-year-old at the club.
Liverpool are ready to go head-to-head with Newcastle for 21-year-old Valenciennes central defender Nicolas Isimat Mirin.
Manchester City could move for England defender Ryan Shawcross, 25, in the January transfer window if he doesn't sign a new six-year deal offered to him by Stoke City.
Sir Alex Ferguson has told Manchester United's Portuguese midfielder Nani, 26, that he does have a future at Old Trafford despite being a target for Arsenal, Tottenham and Juventus.
Spanish side Espanyol could be set to make a surprise move for Stoke City striker Michael Owen, 33, during the January transfer window.
Swansea boss Michael Laudrup has admitted he is interested in signing Celta Vigo striker Iago Aspas, 25, and has not ruled out the possibility of Danny Graham leaving the club.
Sunderland and New York Red Bulls are rumoured to be in discussions over a loan move for former Everton midfielder Tim Cahill, 33, who joined the US club in July.
Norwich manager Chris Hughton will go back to sign £3m Brighton striker Craig Mackail-Smith, 28, after missing out on him in the summer.
Celtic are close to signing Israel defender Rami Gershon from Belgian club Standard Liege.
Liverpool manager Brendan Rodgers says the club need to give top scorer Luis Suarez, 25, hope of a Champions League challenge if they want to keep him at Anfield beyond the summer.
Blackburn have added 32-year old MK Dons boss Karl Robinson to their managerial wish-list.
Wolves manager Stale Solbakken has warned defender Christophe Berra, 27, that his position at the club will be in doubt if he does not sign an extension to his contract.
Referee Mick Russell's failure to send off Sheffield Wednesday's Jeremy Helan despite appearing to show him two yellow cards is to be investigated by The Professional Game Match Officials Limited.
Arsenal manager Arsene Wenger spent part of the first half of his side's 7-3 win against Newcastle wrestling with the zip on his 'Michelin man'-style coat.