90min rounds up the latest transfer news, rumours and gossip circulating around the world...
Real Madrid have organised their finances in such a way that they will be able to compete for more 'Galactico' signings next summer, with PSG's Kylian Mbappe and Manchester City's Erling Haaland on their shortlist. (AS)
Manchester United view Nice's Jean-Clair Todibo and Sporting CP's Goncalo Inacio as ideal long-term replacements for Raphael Varane. (The Sun)
Another player on Manchester United's radar is Pedro Neto, who is also wanted by Arsenal and Saudi Pro League clubs. Wolves have set a £60m asking price. (TeamTALK)
Liverpool lead Inter and Juventus in the race to sign Nice midfielder Khephren Thuram, with the France international able to leave if a club comes in with a £35m bid. (Corriere dello Sport)
Chelsea could turn to Feyenoord striker Santiago Gimenez if Napoli's demands for Victor Osimhen prove excessive. (Football Transfers)
In their attempts to find a cut-price replacement for the injured Gavi, Barcelona are weighing up a move for West Ham midfielder Pablo Fornals, whose contract expires in the summer. (Cadena SER)
Arsenal are increasingly unlikely to sign Ivan Toney during the January transfer window. Brentford are reluctant to sell mid-season and the Gunners have little desire to spend big on a striker at this point. (Daily Telegraph)
However, Arsenal have agreed to meet the £27m purchase clause in their loan deal for Brentford goalkeeper David Raya. (Fabrizio Romano)
Fluminense head coach Fernando Diniz admits Andre's exit from the club is "imminent". Fulham, Liverpool, Arsenal, Manchester United and Tottenham are among the other clubs tracking the 22-year-old Brazilian. (ESPN Brazil)
Chelsea left-back Ian Maatsen is keen on joining Manchester City after the treble winners showed an interest in his services. (Football Insider)
Ajax are considering an audacious move for Tottenham midfielder Pierre-Emile Hojbjerg, whose future in north London is uncertain. (VI)
READ THE TRANSFER RUMOURS OF THE PAST WEEK HERE
This article was originally published on 90min as Football transfer rumours: Real Madrid budget for Mbappe & Haaland; Arsenal make Toney decision.
