Sports Illustrated compiles the latest transfer rumors and gossip from across the globe.
Premier League

Galatasaray have abandoned their pursuit of Manchester United midfielder Bruno Fernandes, who continues to attract interest from Saudi Arabian clubs as contract renewal discussions at Old Trafford remain at a standstill. (Source: TEAMtalk)
Arsenal boss Mikel Arteta is looking to take advantage of the controversy surrounding Vinícius Júnior and has instructed his recruitment staff to revisit the possibility of signing the embattled Real Madrid winger. (Source: El Nacional)
Also featuring on Arsenal's January wishlist is Atlético Madrid winger Álex Baena. (Source: FootballTransfers)
Flamengo have set their sights on Liverpool goalkeeper Alisson as a long-term objective but will only pursue a transfer if the Brazilian signals a desire to return to his home country. (Source: 1News)
Chelsea are still "ones to watch" regarding Arsenal left back Riccardo Calafiori, who is also attracting attention from Real Madrid. (Source: Si Phillips)
Roma are bracing themselves for offers for midfielder Manu Koné over the next two transfer windows, with both Chelsea and Liverpool maintaining their interest after exploring moves during the summer. (Source: Tuttomercatoweb)
Arsenal and Man Utd are also in contention to land Koné. (Source: Asromalive)
Chelsea are continuing their pursuit of Como midfielder Nico Paz but may be forced to pay well above the €80 million ($90 million) buyback clause held by Real Madrid. (Source: Tuttomercatoweb)
Sporting CP winger Flávio Gonçalves, 19, is anticipated to attract bids of up to €50 million ($56 million) from both Chelsea and Man Utd when the January transfer window opens. (Source: Mark Brus)
AC Milan, Inter Milan and Juventus are all eyeing a move to bring Man Utd right back Diogo Dalot back to Serie A, following his previous loan spell in 2020–21. (Source: Gazzetta dello Sport)
Manchester City are preparing a €50 million ($56 million) offer for Club Brugge striker Nicolò Tresoldi, who is viewed as a future successor to Erling Haaland. The 22-year-old is also being monitored by Chelsea, Everton, Leeds United, Man Utd and Newcastle United. (Source: Fichajes)
Freiburg attacking midfielder Yuito Suzuki, 24, has attracted the attention of both AC Milan and Tottenham Hotspur. (Source: fussball-news)
Aston Villa have reached out to the representative of Fenerbahçe winger Oğuz Aydın regarding a potential transfer. (Source: Sercan Hamzaoğlu)
With Malo Gusto attracting interest from Atlético Madrid, Bayern Munich, Paris Saint-Germain, Liverpool and Tottenham, Chelsea have begun exploring options for a new right back. (Source: Flashscore)
La Liga

Should Man City face penalties for violating the Premier League's financial regulations, Barcelona would look to secure deals for both striker Erling Haaland and midfielder Rayan Cherki, though the Frenchman's arrival would likely signal the departure of Fermín López from Camp Nou. (Source: El Nacional)
Trent Alexander-Arnold is open to weighing up his options in the January transfer window as he continues to find playing time scarce at Real Madrid. A temporary loan back to the Premier League in January remains a viable option. (Source: indykaila)
Chelsea manager Xabi Alonso has already given the green light to a reunion with Alexander-Arnold, with the former Real Madrid head coach eager to push through a deal. (Source: Si Phillips)
Barcelona's heavy 4–2 loss to PSG in the Champions League has prompted club officials to consider bringing in several new defensive reinforcements in the January transfer window, finances permitting. (Source: SPORT)
Members of Hansi Flick's backroom staff are becoming increasingly worried about the form of fullback João Cancelo, yet the Barcelona manager continues to stand firmly behind him. (Source: Juan Jesus)
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