Leeds United could swoop in for Takumi Minamino late in the window to replace Crysencio Summerville, who could depart the club.
Premier League giants Liverpool have failed in a bid to land Atletico Madrid attacker Matheus Cunha in January.
Liverpool and Manchester City will reportedly have to battle it out for Leicester City playmaker Youri Tielemans, who could leave the club in the summer.
Leeds United and AS Monaco were reportedly interested in signing Takumi Minamino, but their advances have been rejected by Liverpool.
Liverpool have reportedly struck a deal with FC Porto to sign Colombian international Luis Diaz, amid interest from Tottenham Hotspur.
Arsenal have reportedly joined Liverpool and Manchester City in chasing PSV Eindhoven Cody Gakpo as they seek a replacement for Pierre-Emerick Aubameyang.
Liverpool are reportedly closely monitoring the situation of Paulo Dybala, who faces an uncertain future at Juventus.
Liverpool are reportedly set to go head to head with AC Milan in the pursuit of FC Schalke's defensive talent Malick Thiaw.
Manchester United, Liverpool and Chelsea are reportedly set to go head to head in the race to sign 15-year-old Palmeiras whizkid Endrick.
Aston Villa have reportedly been dealt with a massive blow in their pursuit of Liverpool centre-back Joe Gomez.