Football transfer rumours: James & Valverde swap deal proposal; Arsenal eye De Ligt
Chelsea will only agree to sell captain Reece James to Real Madrid if they receive Federico Valverde in exchange.
Arsenal are admirers of Bayern Munich centre-back Matthijs de Ligt but appreciate a deal may be difficult to pull off in January.
Bayern are willing to pay Manchester United around €20m (£17m) for Raphael Varane, who has been in and out of the side of late.
Former Liverpool favourite Xabi Alonso, now manager of Bundesliga leaders Bayer Leverkusen, has ruled out selling Piero Hincapie to his former employers.
Manchester City have agreed a €25m (£20m) deal with River Plate for Claudio Echeverri, beating Real Madrid and Barcelona to his signature. ()
Manchester United forward Anthony Martial, who is out of contract next summer, is attracting interest from Serie A leaders Inter.
Conor Gallagher could be one of five Chelsea players shown the exit door in the January transfer window.
Tottenham have told Eric Dier, Pierre-Emile Hojbjerg and forgotten goalkeeper Hugo Lloris they are free to leave the club in January.
Spurs are interested in signing Le Havre centre-back Arouna Sangante, who club president Jean-Michel Roussier says will be allowed to leave under the right conditions.
Manchester City are still mulling over whether to make a move for Bayern Munich's Joshua Kimmich in January.
The release clause of Manchester United and Liverpool target Joao Neves could be increased to £130m if he agrees to a new long-term contract at Benfica.
Al Ettifaq, managed by Steven Gerrard, are unlikely to make an offer for Liverpool forward Mohamed Salah in January.
Newcastle United are confident they can beat Juventus, Everton and Crystal Palace to a loan deal for Manchester City's Kalvin Phillips.
Atletico Madrid forward Antoine
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