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Manchester City have offered Arsenal £20m for striker Alexis Sanchez, 29, with the Chile forward understood to have agreed terms on a £250,00-a-week contract. (Guardian)
Arsenal manager Arsene Wenger is set to pay Boca Juniors winger Cristian Pavon’s £27m release clause to bring the 21-year-old Argentine to the Premier League. (TyC Sports – in Spanish)
Meanwhile, Wenger is expected to sit in the East Stand at Stamford Bridge for Wednesday’s League Cup semi-final with Chelsea as his touchline ban continues, after admitting to “a very uncomfortable experience” in the stands last season when he was sat next to his gardener. (Express)
Real Madrid manager Zinedine Zidane says he does not want any new signings in the winter transfer window, despite trailing La Liga leaders Barcelona by 16 points. (Reuters)
Manchester United striker Zlatan Ibrahimovic could leave Old Trafford before the end of the season. The Swede, 36, is out of contract in the summer. (Yahoo Sport)
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Everton are challenging Southampton in the race to sign Theo Walcott, 28, from Arsenal for £20m. (Mail)
Liverpool or Arsenal would have to pay at least £90m to sign Monaco forward Thomas Lemar, 22. (Mirror)
But according to French journalist Julien Laurens, the France international may delay moving to the Premier League because of this summer’s World Cup finals. (5 live’s Euro Leagues podcast)
Brazilian winger Lucas Moura, 25, has agreed to join Manchester United from Paris St-Germain, though a fee is yet to be agreed between the two clubs. (Gazetta dello Sport – in Italian)
Arsenal will make a formal contract offer to England midfielder Jack Wilshere. The 26-year-old is expected to hold talks with the Gunners in the next week and may have to take a cut in his wages to stay at the club. (Mirror)
Borussia Monchengladbach remain keen to sign West Ham defender Reece Oxford. The 19-year-old made four appearances while on loan with Gladbach this season but was recalled to London Stadium in December. (Borussia Monchengladbach)
And West Ham could sell the English defender if the Bundesliga side are prepared to increase their offer to £15m. (Telegraph)
Spanish club Sevilla are interested in signing Chelsea striker Michy Batshuayi, 24, on loan. (ESPN)
But Blues manager Antonio Conte has said he is “very happy” with the Belgian, who has only made two Premier League starts this season. (Sky Sports)
Turkish side Istanbul Basaksehir are in talks with Barcelona over the signing of Turkey international midfielder Arda Turan, 30. (IBFK – in Turkish)
Stoke have enquired about signing Galatasaray’s 27-year-old Senegalese midfielder Badou Ndiaye, despite not having a permanent manager. (Sky Sports)
Stoke’s interest in Martin O’Neill is expected to gather momentum after their search for a manager narrowed following Gary Rowett’s decision to pledge his long-term future to Derby.(Guardian)
Newly appointed Nottingham Forest boss Aitor Karanka faces an uphill task to keep England Under-21 defender Joe Worrall at the club. Brighton have joined Premier League rivals Burnley in the race for the 20-year-old. (Mirror)
Reading chief executive Ron Gourlay says defender Liam Moore will only be sold on the club’s terms after speculation the 24-year-old Englishman could join Premier League sides West Ham or West Brom. (Get Reading)
Chelsea agreed to pay agent fees said to be around £7m in addition to the £15m transfer fee to Everton for Ross Barkley’s signature last week. (Times)
Everton say their proposed new stadium at Bramley Moore could cost in the region of £450m as the costs of building on the city’s waterfront are escalating. (Liverpool Echo)
And the club’s manager Sam Allardyce has confirmed full-back Seamus Coleman has returned to training, 10 months after he broke his leg playing for Republic of Ireland. (Sky Sports)
