All The Latest Transfer Gossip

With the transfer window due to open this Friday the amount of 'potential deals' or 'rumours' flying around is unsurprisingly rife.

However with many clubs struggling in this current financial climate, it will be interesting to see how many actual purchases and sales go through.

The January window may turn into a damp squib - all talk and little action.
Personally I think their will be two or three big money transfers, but other than that the movement of players will be predomiminantly made up of loan deals

Bayern Munich, Tottenham, Manchester City, Inter Milan, Arsenal, Bordeaux, Wigan, Stoke, Real Madrid, Sunderland, Juventus, Liverpool, Real Zaragoza, Aston Villa, Chelsea, Lazio, Manchester United, Toulouse, Fulham, West Ham, Portsmouth, Birmingham, Athleico Madrid, Bolton, Newcastle, Leeds, Sheffield United and West Brom are all caught up in the transfer gossip as we speak.

Is your club involved?

Here is a round up:

Chelsea boss Carlo Ancelotti will make a transfer window U-turn by offering a British record £45m for Bayern Munich's France winger Franck Ribery - People

Manchester City are on the brink of signing Inter Milan defender Ivan Cordoba, 33, who has fallen out with boss Jose Mourinho - Daily Mail

Fernando Torres is ready to quit Liverpool if they fail to qualify for the Champions League this season - News of the World

Bayern Munich striker Luca Toni, who has been linked with a move to both Chelsea and West Ham, has set his sights on a return to Serie A with Roma this winter, although a deal has yet to be concluded - Gazzetta dello Sport & Reuters

Arsenal manager Arsene Wenger is considering splashing out on a new striker in the January transfer window, with Bordeaux's Marouane Chamakh top of his wanted list - Mail on Sunday

Or Wenger could launch a £12m January bid for Toulouse's French international striker Andre Pierre Gignac - News of the World

Chelsea's Branislav Ivanovic and Newcastle United's Fabricio Coloccini are just two of the latest players to be linked to a move to Spanish giants, Real Madrid - Spanish daily AS

Craig Bellamy has rubbished claims he wants to quit Manchester City and denies he led a player rebellion in the wake of Mark Hughes' sacking - Daily Mirror

Newcastle officials are understood to have been in touch with Leeds to outline their interest in leading goalscorer Jermaine Beckford - Northern Echo

Juventus director of sport Alessio Secco has made Gianluigi Buffon and Giorgio Chiellini 'unsellable' amid interest from both Manchester United and Manchester City - Football Italia

Arsenal and Tottenham are ready to fight it out for Newcastle keeper Fraser Forster. Both clubs have sent scouts to check on the 6ft 6in stopper, who is currently on loan at Norwich - Sunday Mirror

Portsmouth goalkeeper David James admits he is 'flattered' by the interest of Tottenham boss Harry Redknapp and would be keen on a move to White Hart Lane to boost his England World Cup chances - Sunday Telegraph

Harry Redknapp has paved the way for Roman Pavlyuchenko's Tottenham exit and says he would not necessarily need a replacement if the Russian quit White Hart Lane in January - Daily Mirror

Birmingham are ready to launch an £8m raid for Wigan winger Charles N'Zogbia - News of the World

Manchester United striker Frederico Macheda, 18, is being linked with a loan move to Real Zaragoza - News of the World

Liverpool are poised to mount a major effort to sign former Lazio striker Goran Pandev on a free transfer next month in a bid to boost their flagging season - People

Ambitious Stoke manager Tony Pulis could make a surprise three-pronged raid for Liverpool misfit Ryan Babel, Aston Villa's Emile Heskey and Sunderland striker Kenwyne Jones - News of the World

Bolton boss Gary Megson is attempting to sign veteran Real Madrid midfielder Guti - Daily Mirror

Sunderland have launched an attempt to hijack right-back Danny Simpson’s move from Manchester United to Newcastle - Daily Star Sunday

Tottenham's Scotland full-back Alan Hutton is a January target for Stoke and Fulham - News of the World

And Hutton's fellow out-of-favour Tottenham team-mate David Bentley is also attracting interest from Spanish side Atletico Madrid - News of the World

West Brom manager Roberto Di Matteo is planning a £3million swoop for Sheffield United star Jamie Ward when the transfer window opens next month - Sunday Mirror