Liverpool Countdown Begins for Slot's Future as Real Madrid Face Massive Valverde Offer
Sports Illustrated compiles the most recent transfer speculation and rumors from across the globe.
Premier League

Liverpool's ownership maintains complete confidence in their manager and plans to support Arne Slot through the conclusion of 2025 to turn around the club's current situation before contemplating his dismissal. (Source: Indykalia)
Slot's efforts to reverse Liverpool's struggles may receive assistance through significant winter spending. The Merseyside club is reportedly preparing a €160 million (£140.8 million, $184.3 million) offer for Paris Saint-Germain's dynamic midfielder João Neves. (Source: Fichajes)
Arsenal have inserted themselves into the heated competition for Nottingham Forest defender Murillo. Chelsea and Barcelona are also monitoring the situation closely. (Source: CaughtOffside)
If Jadon Sancho finalizes his permanent departure from Manchester United with a "fantasy transfer" returning to Borussia Dortmund for the third occasion, the Aston Villa loan player would need to reduce his £300,000 ($393,000) weekly salary by fifty percent to align with the Bundesliga club's wage framework. (Source: The Mirror)
Tino Livramento's choice to postpone contract extension negotiations at Newcastle United until following the 2026 World Cup has provided Manchester City optimism of securing the right-back. (Source: Football Insider)
A four-club battle is expected to emerge for Liverpool's Federico Chiesa. Both Milan clubs, Inter and AC Milan, alongside Roma and Napoli are reportedly showing interest. (Source: Fichajes)
Manchester United are conducting serious negotiations with Wolverhampton Wanderers regarding a January transfer for Brazilian midfielder João Gomes that could reach €50 million (£44 million, $57.6 million). (Source: Trivela)
Arsenal might emerge as a surprising destination for Scott McTominay should the ex-Man Utd midfielder make a Premier League comeback. (Source: CaughtOffside)
In their bid to persuade Antoine Semenyo to choose Old Trafford over destinations like Anfield or the Etihad, Man Utd are reportedly prepared to offer the Bournemouth striker his preferred number 24 jersey. (Source: The Mirror)
Nuno Espírito Santo's role as West Ham United manager remains "under threat" following his team's collapse from a 2–0 advantage against Bournemouth over the weekend. The Hammers coach has collected eight points from seven matches. (Source: Indykalia)
La Liga

Beyond their interest in Neves, Liverpool have been linked with a €150 million (£132 million, $172.8 million) move for Real Madrid midfielder Federico Valverde, while potentially doubling his current earnings. (Source: Fichajes)
Pep Guardiola has abandoned Manchester City's interest in Barcelona midfielder Gavi, who remains a target for PSG. (Source: El Nacional)
Barcelona have pinpointed Chelsea's Pedro Neto as a primary objective for 2026. Nevertheless, the €80 million (£70.4 million, $92.2 million) valuation demanded by the Blues could present financial obstacles. (Source: Fichajes)
Aston Villa have entered the race alongside Brighton & Hove Albion to secure Real Madrid's Gonzalo García on a January loan deal. (Source: Football Insider)
Real Madrid have committed to strengthening their defensive line next summer without investing any transfer fees. This strategy leaves the Spanish powerhouse with three obvious free transfer targets; Liverpool's Ibrahima Konaté, Crystal Palace's Marc Guéhi and Bayern Munich defender Dayot Upamecano. (Source: Fichajes)