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Sports Illustrated compiles the latest transfer rumors and gossip from across the globe.
Premier League
Arsenal have made contact to investigate a potential deal for Barcelona fullback Xavi Espart, who carries a price tag of €80 million ($90 million). (Source: El Nacional)
Scouts representing both Arsenal and Tottenham Hotspur have observed Espart in action this season, while Aston Villa have also been keeping close tabs on his progress. (Source: CaughtOffside)
Liverpool are considering a move to bring back out-of-favor Real Madrid right back Trent Alexander-Arnold, whose lack of playing time has also attracted the attention of Arsenal, Chelsea, Manchester City and Bayern Munich. (Source: TEAMtalk)
Bournemouth midfielder Alex Scott has already held conversations with Chelsea manager Xabi Alonso and several Blues players, and he is eager to complete a transfer to Stamford Bridge. (Source: Si Phillips)
Chelsea's readiness to pursue Scott in January could position them as frontrunners, especially as Arsenal and Liverpool may opt to wait until the summer before making their move. (Source: The Athletic)
Two undisclosed clubs have entered the race alongside Liverpool and Manchester United to secure the signing of Juventus defender Pierre Kalulu. (Source: Football Insider)
Athletic Club winger Nico Williams has instructed his agent to look into a Premier League switch, with Arsenal and Chelsea identified as the most likely destinations. (Source: El Nacional)
Nottingham Forest and Tottenham are both eyeing a move for 20-year-old Cruzeiro goalkeeper Otávio. (Source: fussball-news)
Johan Manzambi's strong start to his Aston Villa career has attracted the attention of both Barcelona and Bayern Munich. (Source: TEAMtalk)
Newcastle United representatives were in attendance to scout Valencia winger David Otorbi, 19, during this weekend's match. (Source: MARCA)
La Liga
Barcelona and Real Madrid are set to go head-to-head for Stuttgart center back Finn Jeltsch, who is also on Liverpool's radar. Bids of around €50 million ($56 million) are anticipated for the 20-year-old. (Source: SPORT)
January could see Barcelona revive their interest in Atlético Madrid striker Julián Alvarez, though they will need to negotiate down his asking price. Players such as Alejandro Balde, Andreas Christensen, Frenkie de Jong or Roony Bardghji could be included as part of any deal. (Source: Fichajes)
Bayern Munich have become the latest club to register interest in Barcelona defender Gerard Martín, who is already a target for Inter Milan and Liverpool, with Chelsea and Tottenham also monitoring the 24-year-old. (Source: fussball-news)
Real Madrid have finalized contract renewals for Jude Bellingham, Aurélien Tchouaméni, Arda Güler and Thibaut Courtois, with only the official announcements still to come. (Source: Fabrizio Romano)
Should Alejandro Balde depart Barcelona in January, manager Hansi Flick would look to bring in Bayern Munich left back Alphonso Davies as a replacement. (Source: El Nacional)