Arsenal Ready to Sacrifice Two Key Players in Alvarez Pursuit as Real Madrid Plot Shocking Bellingham Departure

Arsenal Ready to Sacrifice Two Key Players in Alvarez Pursuit as Real Madrid Plot Shocking Bellingham Departure

Sports Illustrated compiles the most recent transfer speculation and reports from across the globe.

Premier League

Premier League

Martin Ødegaard

Liverpool and Chelsea continue their fierce competition for Rennes defender Jérémy Jacquet, though Bayern Munich now seems unlikely to secure the 20-year-old's services. The promising youngster wouldn't move to either English club until the summer window opens. (Source: Fabrizio Romano)

Following his omission from Mikel Arteta's starting lineup over the weekend, Arsenal captain Martin Ødegaard has been connected with a potential move back to Real Madrid as the Spanish giants search for midfield reinforcements. (Source: Fichajes)

Despite rumors suggesting a possible Serie A comeback this winter, Manchester United forward Joshua Zirkzee remains committed to staying at Old Trafford through the current campaign. (Source: The Sun)

Following their unsuccessful pursuit of Marc Guéhi, Liverpool have targeted Atalanta defender Giorgio Scalvini as a £45 million ($61.6 million) backup option. The 22-year-old has been identified as a potential long-term replacement for Virgil van Dijk. (Source: SportsBoom)

Juventus are actively pursuing the recall of loanee Randal Kolo Muani, who is currently playing for Tottenham Hotspur. The Turin club wants Spurs to cancel his loan agreement, allowing the forward to return to Italy. (Source: Tuttosport)

Everton are frontrunners in the pursuit of Chelsea winger Tyrique George. The Merseyside club submitted an official loan bid with a purchase option to the London side. (Source: Fabrizio Romano)

Man Utd are scanning the transfer market for an emergency replacement following Patrick Dorgu's injury. What seemed like a relatively calm winter window could suddenly conclude dramatically. (Source: The Sun)

As pressure increases on Thomas Frank, Tottenham are considering alternatives to replace the Danish manager with an experienced Premier League coach, such as Enzo Maresca. However, the club has concerns about the former Chelsea manager's personality. (Source: Football Insider)

A complete deal has been finalized between Nottingham Forest and Manchester City for keeper Stefan Ortega. The German signed a five-month agreement with the club. (Source: Florian Plettenberg)

Crystal Palace forward Jean-Philippe Mateta has committed to joining AC Milan on a deal until 2030, but the Eagles won't release the Frenchman without securing a replacement. (Source: The Times)

La Liga

La Liga

Ferran Torres

Ex-Real Madrid manager José Mourinho has been suggested for a shocking comeback to the Bernabéu. Following Benfica's Champions League victory over Los Blancos, the coach demonstrated his tactical prowess from the sideline. (Source: The Mirror)

Real Madrid chief Florentino Pérez is eager to acquire Man Utd midfielder Bruno Fernandes during the summer in a move that would enable the club to profit from Jude Bellingham's sale and raise substantial revenue. (Source: Fichajes)

Despite his public wish to remain at Barcelona, Man Utd loanee Marcus Rashford is desired back at Old Trafford by caretaker manager Michael Carrick. (Source: The Telegraph)

Atlético Madrid striker Julián Alvarez remains a top target for Arsenal, who are prepared to offer Gabriel Martinelli and Gabriel Jesus in a swap deal for the Argentine. (Source: TEAMtalk)

Real Madrid have included Tottenham defender Cristian Romero on their list of potential defensive additions following the expected departures of David Alaba and possibly Antonio Rüdiger this summer. The Argentine's salary demands would be more manageable than their other target, Dayot Upamecano. (Source: Defensa Central)

Barcelona turned down an €80 million ($94.8 million) bid from Aston Villa for forward Ferran Torres. The Spanish international is viewed as indispensable by Hansi Flick. (Source: Fichajes)

Atlético Madrid have struck a deal with Atalanta for Ademola Lookman. The transfer depends on the player's approval—the attacking midfielder has not yet authorized the move. (Source: Gianluca Di Marzio)

Real Madrid plan to offer Dani Ceballos for transfer, aiming to receive approximately €15 million ($17.8 million) for the Spaniard who has eighteen months remaining on his deal. The midfielder doesn't feature in Álvaro Arbeloa's future plans. (Source: Defensa Central)