With the 2012/13 season over, teams will look towards building their squads ahead of the 2013/14 campaign - and a great way to achieve this is free transfers.
Here we look at the top 10 in the Premier League:
1. Andrey Arshavin
The 32-year-old Russian arrived at Arsenal following a £14.5 million switch from Russian side Zenit St Petersburg in 2009.
Four seasons and 105 appearances later, Arshavin has found his time at the Emirates come to an abrupt end following just 11 appearances this season and as such his contract has expired.
According to Sky Sports, Zenit boss Luciano Spalletti could be interested in taking Arshavin back to the Petrovsky Stadium.
2. Chris Brunt
The West Brom skipper has been a staple in midfield at the Hawthorns, playing 31 Premier League matches last season.
The 28-year-old Irishman was snatched up for just £3.3 million from Sheffield Wednesday in 2007, however it seems his time is up. Although a player of his calibre would be an ideal free for many top flight clubs in Europe.
3. William Gallas
The French centre-back may be at the age most would consider a retirement age. However, the 35-year-old still has a season or two left in him.
While he may be unable to keep up with the pace at the top level, his experience with Chelsea, Arsenal and Tottenham makes him an ideal signing for a second tier team.
4. Florent Malouda
A gem that has gathered dust with age, the 32-year-old Frenchman joined Chelsea for an undisclosed fee in 2007 and has since made 149 appearances - scoring 35 goals in the process.
Spending the 2012/13 season training with the U21, Malouda didn't play a single senior game and thus his contract expiring is probably the best thing that could've happened to him.
Clubs are already on red alert now the attacking midfielder is free - with Marseille just one club rumoured to be interested in his signature.
5. Ross Turnbull
The 28-year-old goalkeeper has spent his time at Chelsea living in Petr Cech's shadow and as a result has only made seven appearances in four seasons.
Finally a free man, Turnbull will be hoping to be snatched up by a team quickly so he can get some first-team football under his belt.
6. Danny Simpson
Released from Manchester United - Danny Simpson emerged through their youth but never managed to break into the first squad, only making three appearances in four seasons with The Red Devils.
The 26-year-old right-back did however make an impressive name for himself with Newcastle and as a result has proven he can still perform at the top level.
7. Yossi Benayoun
The Israel-born Midfielder joined Chelsea from Liverpool in 2010 for a fee rumoured to be around £6.2 million.
Unfortunately the 33-year-old never really broke through the ranks, only earning himself 14 appearances since 2010.
With his contract running out Benayoun is apparently looking for a way into the MLS.
8. Simon Davies
While injury has been a huge factor in the 33-year-old's career - what can't be denied is the fact that the Welsh-born winger has had a great deal of first-team football with Tottenham, Everton and Fulham.
With his contract as Craven Cottage coming to an end there is a good chance a top-flight team could utilise his experience.
9. Richard Dunne
While the 33-year-old's career has taken a turn for the worse following his lack of appearances for Aston Villa, you can't deny this old timer has talent.
Featured in Premier League Team of the Year in 2010/11, there's no doubt that if kept at match fitness the Irish centre-back will have a role to play in the Premier League.
10. Maynor Figueroa
With Wigan condemned to football in the Championship next season, Figueroa is one of a handful of players who warrant an immediate return to the Premier League via a team swap.
The 30-year-old defender is currently at the peak of his career - Making 41 appearances for the Latics last season and still playing at an inspired pace.
It's no surprise that transfer rumours are coming in thick and fast - with West Ham leading the race for the Honduran International's signature.
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