With some high-profile stars being linked with moves across Europe, here is the latest on FC Barcelona flop Philippe Coutinho, Real Madrid's Gareth Bale, Paris Saint-Germain's wantaway striker Edinson Cavani and Manchester United-linked Bruno Fernandes.
Click through the gallery above to see the four players we focus on in the latest transfer news.
Although he was expected to be announced as United's newest signing this past weekend already, the transfer involving Fernandes still looks to be on.
However, the deal is reportedly being held up because the Red Devils are yet to match Sporting Lisbon's evaluation of the 25-year-old, as per the Evening Standard.
United have just over a week to get the deal over the line, but might need to increase their bid in order to secure the Portuguese midfielder's signature. Reports suggest that the club has bid £60 million (R1.1 billion) for the player, but Sporting value him higher.
In Bale's case, the Welshman is believed to have told Los Blancos that he plans on seeing out his contract at his club until 2022, but it has been claimed otherwise in England.
According to The Sun, Tottenham Hotspur are looking to bring the winger back to north London, although it has also been claimed that the Lilywhites will offer only £25 million (R470 million) to make the return happen.
Uruguay international Cavani is said to want a move away from French giants SG in this window, with sporting director Leonardo recently confirming the 32-year-old has asked to leave.
While he has been linked with United and Chelsea, it seems the striker is determined to join Spanish giants Atletico Madrid, with both of his parents stating that their son would prefer a move to Los Rojiblancos.
In Germany, reports suggest that Bayern Munich will not exercise the "option to buy" clause in Coutinho's loan contract, which means the Brazilian is now expected to return to Barcelona at the end of the season.
What deals would you like to see go through before the January window shuts? Let us know in the comments section below.