Chelsea and Everton target Oscar Cardozo is set to extend his contract at Benfica.
The 29-year-old Paraguay striker will have a £47million buy-out clause written into his new deal. (talkSPORT)
PSV Eindhoven's Kevin Strootman has put Manchester United on alert after the Dutch midfielder revealed he intends to quit the club in January.
Strootman is widely recognised as one of the finest young midfielders in Europe, and has been reportedly earmarked by Sir Alex Ferguson. (London Metro)
The agent of Icelandic striker Aron Johannsson has quashed rumours linking the player with a move to Arsenal.
Arsene Wenger is said to be considering a move for the highly-rated 21-year-old, but is yet to make contact about a possible transfer. (Sky Sports)
And finally, Newcastle manager Alan Pardew has signed a new eight-year deal with the club - an extension that will keep him on Tyneside until 2020. (BBC Sport)