So far, the largest signing of the January transfer window is Chelsea's Juan Mata's £37 million move to Manchester United.
Earlier today, Arsene Wenger ruled out signing Schalke's Julian Draxler. However, the Arsenal manager is "80% confident" of signing a new player before the window closes. It's believed that Kim Kallstrom may move to North London from Spartak Moscow.
Manchester United have shown an interest in signing Tottenham's Andros Townsend. Berbatov is rumoured to be keen on a White Hart Lane return. However, the latest is that he's in talks with Monaco.
West Ham are reportedly very interested in acquiring the defensive skills of Napoli's Pablo Amero. While in West London, Chelsea are reportedly signing Kurt Zouma for £12 million, but will loan him back to St.Etienne for the rest of this season.
Crystal Palace has heightened its interest in Blackpool's midfielder, Tom Ince in a £1 million deal.