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

Manchester United are weighing up a potential move for Como midfielder Nico Paz and could be open to parting ways with Bruno Fernandes to free up space for the Argentine star. (Source: The Sun)
United have also reached out to Como regarding Paz's fellow player Martin Baturina. The adaptable Croatian is also a top target for Chelsea and is anticipated to command a fee of €80 million ($88.2 million). (Source: The Daily Briefing)
Arsenal are stepping up their pursuit of a high-profile left winger ahead of 2027, with RB Leipzig's Antonio Nusa — valued at €80 million ($88.2 million) — emerging as a prime target. (Source: TEAMtalk)
Reports of Mauricio Pochettino's interest in Chelsea right back Malo Gusto have been dismissed. Manchester United's focus this January appears to be centered on signing a new center back and a striker. (Source: Fabrizio Romano)
Liverpool are eager to lure Bilal El Khannouss away from German club Stuttgart to address their attacking concerns. The ex-Leicester City forward is also attracting attention from Newcastle and Leeds United. (Source: Ekrem Konur)
Arsenal's World Cup-winning midfielder Mikel Merino is reportedly pushing for a departure, with his camp said to have held two meetings with Atlético Madrid president Enrique Cerezo. (Source: El Nacional)
Middlesbrough's impressive 21-year-old forward Will Lankshear has caught the eye of Manchester United and Arsenal after scoring 13 goals in 13 Championship appearances this campaign. (Source: Ekrem Konur)
Lankshear arrived at Boro for £20 million ($26.4 million) last summer, and the club have no plans to let him go so quickly, despite Arsenal's growing interest. (Source: TEAMtalk)
Despite shipping nine goals in a single match against Como, Lens goalkeeper Robin Risser continues to be highly regarded, drawing interest from Manchester United and Liverpool among others. (Source: 4-4-2)
Juventus are keeping tabs on Tottenham Hotspur fullback Destiny Udogie. Spurs will be looking to recoup more than the €18 million ($19.8 million) they spent on the 23-year-old. (Source: Ekrem Konur)
La Liga

There is plenty of drama surrounding Arda Güler. The gifted playmaker has reportedly turned down Real Madrid's contract renewal offer of €8 million ($8.8 million) per year after being presented with terms worth €22 million ($24.3 million) annually by Paris Saint-Germain. The French club are reportedly prepared to invest €200 million ($220.5 million) in the 21-year-old, which would make him Real Madrid's priciest ever sale and the second-largest transfer fee in history. (Source: Ajansspor)
Real Madrid have firmly denied any suggestion of PSG's pursuit of Güler, who remains a key favorite of José Mourinho. Premier League clubs have also been keeping a close eye on the Turkish international. (Source: Ekrem Konur)
Barcelona have slashed their valuation of Alejandro Balde to €40 million ($44.1 million) amid lukewarm interest from the likes of Manchester United, Liverpool, and Juventus. (Source: El Nacional)
Milan are set to enter the race alongside Liverpool and Real Madrid for Stuttgart's Angelo Stiller, viewed as a long-term successor to Luka Modrić. (Source: Sempre Milan)
Manchester United center back Lisandro Martínez is considered one of the most "attainable" targets for Barcelona in 2027. (Source: Ekrem Konur)
Barcelona are also setting their sights on Manchester City's left-footed defender Joško Gvardiol. However, the Croatian will not be available until next summer. (Source: El Nacional)
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