Dimitar Berbatov is reportedly attracting interest from Bayer Leverkusen,Bayern Munich and mega rich Anzhi Makhachkala.
New PSG manager Carlo Ancelotti has claimed he was also offered the chance to sign the Bulgarian, whose contract runs out this summer.
But Sir Alex Ferguson has said he will be exercising the option to extend the striker's contract in order to avoid losing him for free.
With Gary Cahill finally joining Chelsea yesterday, Andre Villas-Boas is looking to bolster his defence with one more signing this month.
With Alex seemingly on his way to QPR, the Portuguese manager is ready to step up his interest in Marseille's Cesar Azpilicueta.
Liverpool have been linked with a number of players this week, with a move for Tottenham's Jermaine Defoe the most sensational rumour.
A deal looks unlikely, with Spurs reluctant to sell. Far more feasible is the news that Kenny Dalglish is targeting Swansea's Scott Sinclair.
Tottenham have made their first signing of the transfer window with loanee Yago Falque joining Tottenham on a permanent deal.
The talented 21-year-old Spanish midfielder has gone out on loan to Championship leaders Southampton for the rest of the season.
Meanwhile, Harry Redknapp is confident of signing Chris Samba, who has handed in a formal transfer request at Blackburn.
Roberto Mancini is focused on finally selling Carlos Tevez, with Italian giants Inter Milan lodging a bid of around £20m this week.
In terms of incoming players, Mancini has been linked with a move for Manchester United youngsters Ravel Morrison and Paul Pogba.
The duo are reportedly stalling on signing new contracts, and could leave Old Trafford for free in summer amid interest from many clubs.
Arsene Wenger is still looking to sign defensive reinforcements, with Scott Dann an option but Chris Samba a more likely target.
The Arsenal manager will definitely be making at least one addition to his squad this month - with Jack Wilshere set to return to training.