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Sports Illustrated compiles the latest transfer rumors and gossip from across the globe.
Premier League
Martín Zubimendi is prepared to force his way out of Arsenal in January if he continues to see limited playing time. Both Chelsea and Real Madrid have maintained contact with his camp. (Source: TEAMtalk)
Real Madrid are also keeping tabs on unsettled Liverpool midfielder Alexis Mac Allister and could explore a swap arrangement that would send Eduardo Camavinga to Anfield in return. (Source: Fichajes)
Chelsea, meanwhile, are expected to revive their interest in Roma midfielder Manu Koné come January. The Blues may have a swap deal in the works, with winger Jamie Gittens reportedly eager to head in the other direction. (Source: Si Phillips)
Chelsea also have Barcelona midfielder Fermín López in their sights. Xabi Alonso has been given the green light for a move valued at a staggering $139.5 million (£103 million). (Source: El Nacional)
Manchester City hold an interest in Álex Baena but are not expected to make a move for the Atlético Madrid winger during the January window. (Source: Football Insider)
Arsenal are looking into a potential deal for Como midfielder Nico Paz but may face complications due to a buy-back clause retained by Real Madrid. (Source: Bernabéu Digital)
Brazilian club Vasco da Gama believe a deal for disgruntled Tottenham Hotspur striker Richarlison could be achievable within the next few days. (Source: O Globo)
Everton are weighing up a move for free agent striker Mauro Icardi to address their shortage of attacking options following the breakdown of Folarin Balogun's proposed transfer. (Source: TyC Sports)
Representatives from both Manchester United and Tottenham were in attendance to watch Club Brugge striker Nicolò Tresoldi play on Tuesday. (Source: TEAMtalk)
Everton had discussions with Martin Ødegaard during his early career at Strømsgodset but were unable to persuade him to turn down the appeal of Real Madrid. (Source: Football Insider)
La Liga
Atlético Madrid striker Julián Alvarez has no intention of pushing for a January move to Barcelona and simply wants to put the turbulence of the summer window behind him. (Source: El Nacional)
However, Alvarez could find himself returning to former club Man City next summer, with the Premier League outfit considering a reunion after entering talks with Barcelona regarding the sale of Erling Haaland. (Source: indykaila)
Atlético Madrid are also prepared to compete with Real Madrid for Liverpool midfielder Alexis Mac Allister should he become available. (Source: Fichajes)
In an effort to improve their financial standing and unlock greater transfer flexibility, Barcelona have now settled their outstanding debts from previous signings including Dani Olmo, Robert Lewandowski, Vitor Roque, Jules Koundé and Raphinha. (Source: SPORT)