Afternoon Report: January 7
David Moyes, Fabio Coentrao, Alvaro Morata, Juan Mata and more...
Manchester United manager David Moyes could be handed an enormous £200 million to build a side capable of challenging for honours once again.
Moyes has endured a difficult start to his career at Old Trafford but the board will reportedly show their faith by significantly backing him during the January and summer transfer windows.
One target for the Premier League champions is Real Madrid left-back Fabio Coentrao, although they may have to wait until the end of the season to sign him.
The Portugal international is reported to have agreed a deal with United, but Madrid boss Carlo Ancelotti claims the club will not conduct any business this month.
This could also serve as a blow to Arsenal who, it is claimed, are pursuing Los Blancos forward Alvaro Morata.
Arsene Wenger's need for goalscoring recruits has been reinforced by injury to Theo Walcott and Morata has been identified as a potential signing.
Ancelotti's stance would also appear rule out a Madrid move for Juan Mata, who is set to discuss his Stamford Bridge future with the Chelsea hierarchy this week.
The Spain international finds himself a peripheral figure under Jose Mourinho and could leave in order to enhance his World Cup ambitions.
One player who appears to have a clear future is German goalkeeper Marc-André ter Stegen.
The 21-year-old has confirmed he will leave Borussia Mönchengladbach at the end of the season, with Barcelona his expected destination.