Bayern Munich are prepared to make a £69m bid for Barcelona and Spain forward Dani Olmo, 28. Real Madrid's Trent Alexander-Arnold, 27, is not considering a move away from the club, despite Arsenal and Liverpool showing interest in the England defender. Manchester United are keeping a close eye on 22-year-old Spain left-back Alejandro Balde, who might leave Barcelona in January.

Liverpool and Manchester United are both interested in Netherlands defender Micky van de Ven but it would take a large fee to prise the 25-year-old away from Tottenham. Defender Fikayo Tomori, 28, and midfielder Ruben Loftus-Cheek, 30, are set to leave AC Milan next year with the England duo's contracts set to expire in June. Bayern Munich are keen on Benfica's 24-year-old Portugal defender Tomas Araujo.

Barcelona continue to closely monitor Norway striker Erling Haaland with hopes that the 26-year-old could become a more realistic transfer target in the summer after Manchester City were found guilty of breaking the Premier League's financial rules. AS Roma are expected to double their asking price for Chelsea target Manu Kone, 25, to £86m in January after the Blues reportedly rejected a chance to sign the France midfielder for £43m in the summer. Real Madrid's Spanish defender Raul Asencio, 23, attracted three big-money offers in the summer, including from Premier League duo Chelsea and Liverpool, but chose to stay at the club.

Spanish full-back Alex Jimenez's loan from Bournemouth to Fiorentina includes an option for the Italian club to buy the 21-year-old for £17m.