Although most European clubs are closed for business following last week's transfer deadline, there could still be a flurry of activity in the market before the end of February.
In Russia, the transfer window does not close until February 24 and, with mega-rich Anzhi Makhachkala sniffing around some of the continent's top players, some significant moves could yet be made.
With this in mind, GMF looks at some Premier League targets that could move to Russia this month, and some players that could depart England in the next few weeks...
Wesley Sneijder: Inter Milan to Anzhi Makhachkala
Manchester United's reported pursuit of Inter Milan midfielder Wesley Sneijder is one of the longest transfer sagas of recent times.
Last summer, it seemed as though the 27-year-old was destined to move to Old Trafford following the retirement of Paul Scholes, but Sir Alex Ferguson opted against reinforcing his midfield.
Six months later, it was claimed that Ferguson could formalise his interest in Sneijder during the winter window, but the United boss instead persuaded Scholes to return to the fold.
This, of course, is only a short-term solution for the Premier League champions, and a fresh move for Sneijder could be in the offing at the end of the season..
However, according to talkSPORT, Anzhi have identified the Holland international as their No.1 target this winter, and are prepared to break the bank to bring him to Dinamo Stadium.
A substantial bid from Anzhi may prove too good to refuse for Inter, and United could miss out on an ideal replacement for Scholes.
Milos Krasic: Juventus to Zenit St Petersburg
Although the reported interest of Chelsea was never confirmed by Andre Villas-Boas, Spurs boss Harry Redknapp revealed he had enquired about taking Krasic from Juve on loan.
“I was going to take Krasic on loan. I was interested in buying him a year ago too but he was expensive - 15m pounds,” Redknapp told Sky Sports.
“I wanted him on loan this time but he didn't want to come and wanted a permanent deal but we didn't have the money.”
It would appear the loss of Spurs and Chelsea could be the gain of Zenit St Petersburg, with Goal.com claiming the Russian giants have made a move for Krasic.
However, Zenit are said to be reluctant to meet the wage demands of the Serbia international, who currently earns around £1.5 million-a-year in Turin.
Andrey Arshavin: Arsenal to Anzhi Makhachkala or Zenit St Petersburg
The 30-year-old promised so much when he moved to the north London in January 2009, but has failed to fulfil his potential and is far from a guaranteed starter at the Emirates Stadium.
According to The Guardian, Anzhi have made an enquiry regarding Arshavin, and could yet follow up with a formal bid within the coming weeks.
Meanwhile, Arshavin's former club Zenit are also interested in signing him, following a serious knee injury sustained by Portuguese playmaker Danny Miguel.
Zenit were initially said to be planning a summer bid for Arshavin but now, reports the Daily Mail, they are likely to make their move before February 24.
Didier Drogba: Chelsea to Anzhi Makhachkala
Didier Drogba's future at Chelsea has been the subject of intense speculation in recent months, with the Ivorian striker's contract set to expire in the summer.
Chelsea are, naturally, keen to keep Drogba at Stamford Bridge, but the 33-year-old will not be short of offers from elsewhere.
According to the Daily Mail, Anzhi will offer Drogba a staggering £10 million-a-year to swap England for Russia and become part of Suleyman Kerimov's revolution in Makhachkala.
Drogba, though, is also a target for Shanghai Shenhua and, it is claimed, the Chinese outfit are confident of signing the forward in the summer.
Kolo Toure: Manchester City to Anzhi Makhachkala
Another player in the Premier League said to be interesting Anzhi is Manchester City defender Kolo Toure.
According to The Mirror, Anzhi have already informed City that they would like to sign 30-year-old on loan, with a view to a permanent deal at the end of the season.
Anzhi are reportedly prepared to offer City a substantial fee to take Toure to Makhachkala in order to sweeten the deal for the Premier League leaders.
Toure is currently on international duty at the Africa Cup of Nations, and has helped the Ivory Coast progress to the semi-finals of the competition.