Man Utd Launch Raphinha Assault as Liverpool Surge Ahead in Osimhen Battle
Sports Illustrated compiles the most recent transfer speculation and rumors from across the globe.
Premier League

Pep Guardiola is reportedly incensed with Manchester City forward Erling Haaland regarding his ambition to depart for Real Madrid. The coach has reportedly had disagreements with senior club figures concerning their choice to incorporate a buyout clause in the Norwegian star's deal. (Source: Defensa Central)
Manchester United are prepared to offer €120 million (£105.6 million, $138.8 million) for Barcelona winger Raphinha should they secure Champions League qualification for next season. (Source: Fichajes)
Among those who might depart Man Utd in January is midfielder Kobbie Mainoo, as Napoli progress in discussions regarding a possible loan arrangement. (Source: Gazzetta dello Sport)
Liverpool and Tottenham Hotspur are both pursuing a move for 21-year-old Wolfsburg centre-back Konstantinos Koulierakis. (Source: CaughtOffside)
Additionally, Liverpool have shown interest in acquiring Newcastle United defender Sven Botman, who continues to be monitored by Chelsea. (Source: Mark Brus)
Arsenal might offer winger Leandro Trossard a fresh contract in upcoming months, though possibly only as a strategy to boost his market value before the 2026 summer transfer period. (Source: TEAMtalk)
Chelsea have held discussions with Crystal Palace regarding midfielder Adam Wharton. The Eagles are contemplating accepting an exchange deal that would see them bring back Blues defender Trevoh Chalobah. (Source: Aarón Ramiro)
Liverpool are at the forefront of the pursuit for Galatasaray forward Victor Osimhen, though Chelsea, Man Utd, Barcelona and Paris Saint-Germain are all vying for the Nigerian international's services. (Source: Fanatik)
Aston Villa's January transfer strategy will center on acquiring a new "elite" striker. (Source: Football Insider)
Claims about Sandro Tonali's longing for home have caught Juventus's attention, though the Newcastle midfielder is reportedly hoping for a return to AC Milan. (Source: Corriere dello Sport)
La Liga

Atlético Madrid boss Diego Simeone is dissatisfied with the overall mentality within his squad and is eager to recruit more compatible players. He has pinpointed Real Madrid left-back Ferland Mendy as a primary objective. (Source: El Nacional)
Real Madrid are optimistic about securing an unexpected €30 million (£26.4 million, $34.7 million) bonus as Tottenham chase Real Sociedad winger Takefusa Kubo, for whom they possess a 50% sell-on agreement. (Source: Defensa Central)
Chelsea and PSG have joined Barcelona in the race for Crystal Palace right-back Daniel Muñoz. (Source: Fichajes)
Levante forward Karl Etta Eyong intends to depart the club next summer and, despite numerous interested parties, has prioritized joining Barcelona. (Source: SPORT)
Barcelona are willing to spend approximately €40 million (£35.2 million, $46.3 million) to acquire Borussia Dortmund centre-back Nico Schlotterbeck in January, with coach Hansi Flick insisting he requires a new first-choice defender. (Source: E-Notícies)