FORMER Birmingham City striker Nikola Zigic, 33, is a poised for a sensational move to Arsenal according to his agent.
Manchester United boss Louis Van Gaal is weighing up a shock £20m move for Liverpool midfielder Joe Allen, 24.
The Red Devils are also considering offering Japan playmaker Shinji Kagawa, 25, or Mexico striker Javier Hernandez, 26, as a makeweight in a deal for Juventus midfielder Arturo Vidal, 27.
Arsenal are ready to make a £50m bid for Paris St-Germain striker Edinson Cavani as Olivier Giroud, also 27, faces a lengthy spell on the sidelines.
The Gunners want Manchester United striker Danny Welbeck, 23, to replace the injured Giroud, but the Red Devils are reluctant to sell.
Real Madrid are to spend the majority of the money they received from Manchester United for Angel Di Maria on 28-year-old Monaco striker Radamel Falcao.
Tottenham are poised to complete the signing of Sevilla central defender Federico Fazio, 27, after paying his £8m buyout clause.
Stoke full-back Geoff Cameron, 29, is wanted by Lazio after falling down the pecking order at the Britannia Stadium.
Middlesbrough boss Aitor Karanka remains confident of signing forward Patrick Bamford, 21, on loan from Chelsea before their clash with Reading at the weekend.
Cardiff City boss Ole Gunnar Solskjaer want to add a centre-back to their ranks before the transfer window closes with Bordeaux's £4m-rated Lamine Sane, 27, on their shortlist.
Norwich City are on the verge of signing 25-year-old Belgian midfielder Vadis Odjidja-Ofoe for £4m from Club Brugge.
Sunderland are set to move for Leicester’s David Nugent before the window closes.