Birmingham keeper Jack Butland could be one of those signings with the Gunners ready to bid for the 19-year-old, who is also attracting interest from Fulham and Southampton.
QPR are in talks with French club Marseille over a possible £11m deal for 26-year-old striker Loic Remy, although the Loftus Road outfit face competition from fellow Premier League sides Newcastle and West Ham.
Liverpool have bid £7m for Cagliari defender Davide Astori but could be beaten to the 25-year-old Italian international's signature by Southampton, who have offered £9.5m.
Schalke 04 midfielder Lewis Holtby has agreed to move to Tottenham in July but the German club may allow the 22-year-old to move to Spurs in January for £1.6m.
Swansea boss Michael Laudrup says he does not want to sell striker Danny Graham, 27, in January but is to hold talks with the player, who is a target for Norwich and Reading.
Chelsea midfielder Frank Lampard, 34, has accepted his Stamford Bridge career is over after club executives told him and his agent that he will not be offered a new contract when his current deal expires in the summer.
West Ham boss Sam Allardyce is refusing to rule out a move to bring David Beckham, 37, to Upton Park.
Manchester City are lining up a £45m bid for Napoli striker Edinson Cavani, 25, and he could replace Mario Balotelli.
Marseille want to keep Joey Barton, 30, beyond this season. The midfielder is currently on loan from QPR.
Borussia Dortmund midfielder Sven Bender has been linked with Manchester United but the 23-year-old has extended his contract with the Bundesliga club.
AC Milan playmaker Robinho, 28, is expected to remain in Italy until the end of the season after negotiations between the Serie A side and Brazilian club Santos over a move for the former Manchester City forward broke down.
Manchester City striker Carlos Tevez says he will try to help team-mate and fellow forward Mario Balotelli through his current troubles with the Premier League champions.
Sepp Blatter has come under fire for his "nonsensical" comments that Kevin-Prince Boateng was wrong to walk off the pitch when targeted by racist chants last week .
Arsene Wenger could step up his bid to sign Spain star David Villa as Arsenal find themselves facing a fixture crisis.
Celtic are in the hunt for Braga winger Helder Barbosa as Neil Lennon looks to fine-tune his squad for the second half of the season
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