Everton have recalled left-back Luke Garbutt from his loan spell at Colchester United, following a serious injury to Bryan Oviedo.
Costa Rica international Oviedo suffered a horrific double leg break in Saturday's FA Cup win over Stevenage, and the Toffees have now taken the decision to bring back Garbutt as cover for Leighton Baines.
Garbutt was a regular during his time in Essex, making 20 appearances and scoring three times.
Colchester United have signed Alie Sesay from Leicester on loan for the rest of the season.
The 20-year-old defender could feature in the squad for Tuesday's game against Shrewsbury.
Colchester United have signed Chelsea goalkeeper Sam Walker on an 18-month contract.
The 22-year-old has enjoyed two successful loan spells in Essex, with his latest stint ending after last weekend's impressive 4-2 win over Carlisle United.
"I'm delighted that we've signed Sam (Walker) for the next 18 months," manager Joe Dunne told the club's official website.
"He is another young and hungry young footballer who has decided to come here and play, which is great testament to what we are doing here at Colchester United."
Colchester United have announced that midfielder Andy Bond has left the club.
Bond made 128 appearances for the U's and scored 13 goals. The 27-year-old, who joined the club in 2010, has had his contract terminated by mutual consent.
More details on the club website.
Colchester United have extended Luke Garbutt's loan spell from Everton by a further month.
The 20-year-old was due to return to Goodison Park after his previous agreement expired last weekend, but the Toffees have now granted permission for him to stay until early February.
The U's were desperate to keep the talented full-back, who has made 18 appearances since initially joining in September.
"It's great that we have been able to extend Luke's time here," manager Joe Dunne told the club's official website.
"He has shown his qualities in his time here, both defensively and when he attacks, and we were obviously keen to keep him longer.
"I'd like to thank Everton for allowing it to happen and I'd like to think that we've given him valuable experience and development towards becoming a Premier League player for them."
Colchester United loanee Elliot Lee has returned to parent club West Ham after the completion of his loan deal.
The youngster joined the U's last month and went on to make four appearances for the League One club during his time in Essex.
His only goal for Joe Dunne's side couldn't have come in more dramatic fashion as he hit an injury time equaliser in a 2-2 draw with Rotherham United three weeks ago.
Everton youngster Luke Garbutt has extended his loan spell with Colchester United for a second time, and will now stay in Essex until 4 January.
Garbutt and been a regular member of Joe Dunne's side since initially joining in September, and the 20-year-old scored his first goal for the U's in last weekend's FA Cup defeat to Sheffield United.
He'll miss Saturday's clash with Swindon Town but will be available for all of Colchester's festive fixtures as they look to push themselves up the League One table.
Colchester United manager Joe Dunne admits that he is concerned about the club's falling attendances but says that he can understand why some supporters can't afford to watch.
A crowd of just over 2,500 were present to watch last week's FA Cup exit to Sheffield United, but the U's will be hoping for greater backing this weekend when they host play-off chasing Swindon Town.
Colchester United loanee Jeffrey Monakana has been recalled by parent club Preston North End.
The 20-year-old winger made an impressive contribution during his time in Essex, scoring on his debut against Bradford City in September and going on to to make nine appearances for the U's in total.
Monakana will now hope to force his way into the starting line-up at Deepdale, with promotion-chasing Preston currently sitting in fourth place in League One.
Meanwhile, Ipswich Town youngster Elliott Hewitt has signed for Gillingham on a 28-day loan deal.
The Wales under-21 international has made four appearances for Town this season, and will be aiming to get minutes under his belt at the Priestfield Stadium.
Colchester United have signed former West Ham United youngster Dominic Vose on a free transfer.
The 19-year-old has impressed whilst on trial with the U's and has put pen to paper on an initial monthly contract.
Vose left Premier League outfit West Ham in December last year before joining Barnet.
Speaking to the club's official website, U's manager Joe Dunne said that Vose could benefit from a fresh start:
"We are pleased to have him on board.
"He's had a successful trial and fits the bill of someone who has lost his way in the game a bit, but has the drive and hunger to get back into it again.
"That desire and hungry is really important to me. He will go straight into Saturday's squad for the trip to Rotherham."