Chelsea have splashed the cash this month and could break the Premier League record by landing Enzo Fernandez before the transfer window closes on Tuesday.

The Blues have already spent big to bring Mykhailo Mudryk to Stamford Bridge, while Noni Madueke, Joao Felix and Benoit Badiashile are among their other recruits.

Fernandez could follow from Benfica on what promises to be a busy deadline day as clubs across Europe scramble to get late deals done.

It remains to be seen if Arsenal can tempt Brighton and Hove Albion to part with Moises Caicedo.

Joao Cancelo looks set to swap Manchester City for Bayern Munich on loan and Paris Saint-Germain could finally seal a deal for long-time target Milan Skriniar along with Hakim Ziyech.

Stats Perform has picked out the standout transfers that could go through before the deadline.

BLUES TO SHOW THE COLOUR OF THEIR MONEY FOR WORLD-CUP WINNER?

Fernandez emerged as a target for Chelsea following his influential displays for Argentina during their World Cup triumph in Qatar.

The London club have wasted no time in building a new-look squad since a Todd Boehly-led consortium completed a takeover and Graham Potter arrived as head coach.

They have already made huge statements this month, none more so than snaring winger Mudryk from under the noses of Premier League leaders Arsenal.

Chelsea are working on trying to secure the services of Fernandez for a reported fee of £105.5million (€120m), which would break the Premier League record of £100m City paid Aston Villa for Jack Grealish.

CAICEDO A NO-GO?

Arsenal have already raided Brighton to bring wantaway winger Leonadro Trossard to the capital.

The Gunners have failed with big-money offers for centre midfielder Caicedo, who last week made it clear he wants to join the Premier League leaders.

Arsenal are said to be ready to test the Seagulls' resolve again on deadline-day with a third bid of £75m, but Brighton want to keep him for the rest of the season.

If they do not get an offer they cannot refuse, Arsenal could turn to Leicester City's Youri Tielemans or Chelsea's Jorginho.

CANCELO BAYERN-BOUND

Eyebrows were raised on Monday when it came to light that Bayern are poised to bring Cancelo to the Bundesliga from City.

The Portugal full-back Cancelo has fallen out of favour at the Etihad Stadium, having reportedly had a bust-up with Pep Guardiola.

A loan deal would be great business for Bayern as they hunt more trophies and this one is expected to go through.

PSG'S SKRINIAR PERSISTENCE COULD PAY OFF, ZIYECH TO FOLLOW?

While Bayern's move for Cancelo has come late in the window, Skriniar has long since been a target for PSG.

The Inter centre-back is only under contract at the end of the season and with the Serie A giants unable to tie him to a deal, it has been seemingly only a matter of time before he moves on.

PSG should finally get their man before the window closes, with the defender having already confirmed he has agreed terms with the Ligue 1 champions. Chelsea winger Ziyech could also be on his way to the French capital.

Arsenal are still desperate to add a new face in central midfield and will reportedly make late runs at Chelsea's Jorginho and Leicester City's Youri Tielemans before the transfer deadline.

Tielemans is one of Leicester's top talents, appearing in all 20 of their Premier League games this season while contributing three goals and an assist from his 18 starts.

Jorginho is in his fifth season at Stamford Bridge and remains an integral part of Chelsea's squad, making 15 league starts this season, including wearing the captain's armband in their two most recent fixtures.

However, both players are in the final six months of their contracts and are set to become available via free transfers at the end of the campaign, and their clubs may be willing to accept a significantly reduced figure for highly valuable assets.

TOP STORY – GUNNERS GUNNING FOR MIDFIELD ACTION AT THE DEADLINE

According to Football London, Arsenal's pursuit of 21-year-old Brighton and Hove Albion standout Moises Caicedo appears to have been unsuccessful, and they now view Jorginho as an acceptable alternative.

The report states Chelsea are willing to let the Italy international leave, indicating he will become expendable if the impending arrival of Benfica's Enzo Fernandez comes to fruition.

Football London also adds Arsenal will make another push at both Caicedo and Real Sociedad's Martin Zubimendi, but they are considered unlikely options.

Meanwhile, 90min claims Leicester would be more open to allowing Tielemans to leave if they were not locked in a relegation battle, but as it stands they would need a "huge" bid to prioritise a transfer fee over their Premier League survival.

ROUND-UP

– Calciomercato is reporting Leeds United will try to secure Roma's Nicolo Zaniolo after he snubbed Bournemouth, but Roma are unlikely to accept unless the full transfer fee is paid up front.

– According to L'Equipe, Paris Saint-Germain are interested in a loan move for Chelsea's Hakim Ziyech, who would prefer a loan to France instead of a fellow Premier League side.

– Manchester United captain Harry Maguire has rejected a loan approach from Inter and will instead opt to fight for his place, although he will re-evaluate his future at the end of the season, per the Daily Star.

– El Nacional is reporting Liverpool will make a run at signing Chelsea's N'Golo Kante when his contract expires after the season.

– According to Football Insider, Southampton have agreed to meet the £26.2million (€30m) release clause for 22-year-old Braga forward Vitinha.

Barcelona feel Wolves midfielder Ruben Neves has one foot out of the door and are optimistic about their chance of signing him at the end of the season.

Neves, 25, has spent the past six seasons with Wolves after arriving during their last season in the Championship (2017-18), racking up over 200 appearances for the club along with 28 goals.

The central midfielder, a regular for Portugal, has caught the eye of Europe's elite clubs.

Wolves had been hopeful of extending Neves' stay at the club, but with their future in the Premier League in doubt, they might have already started to plan for life without him.

TOP STORY – WOLVES SIGNING INDICATES LOOMING NEVES DEPARTURE

According to Sport, Barcelona believe Wolves are signing 21-year-old Flamengo midfielder Joao Gomes as a direct replacement for Neves, who they expect to leave at the end of the season.

The report states Barcelona know what it will cost to pry him away from the Premier League and are comfortable with the price, which is said to be "much more feasible" than the €60million price tag for Real Sociedad's Martin Zubimendi.

Real Madrid are also expected to pursue Neves, who they reportedly feel has "the potential to become the new Casemiro".

ROUND-UP

– The Telegraph and Fabrizio Romano state Chelsea will make another run at signing 22-year-old Benfica and Argentina standout Enzo Fernandez, and are willing to meet the £105m (€120m) release clause if they can pay it in installments.

– According to Bild, Tottenham have submitted a £22m (€25m) verbal offer to Bayer Leverkusen for 21-year-old Ecuador centre-back Piero Hincapie.

– Newcastle United have had their latest £20m offer for 18-year-old Flamengo midfielder Matheus Franca turned down, per Fabrizio Romano.

– Newcastle are also said to be looking to replace Jonjo Shelvey, who is set to join Nottingham Forest, with Sheffield United's Sander Berge.

– The Daily Mail is reporting Brighton and Hove Albion have rejected a £70m approach from Arsenal for 21-year-old midfielder Moises Caicedo, and are holding out for £80m.

– According to Sport, there is mutual interest between Barca and Atletico Madrid forward Joao Felix, who will spend the rest of the season on loan at Chelsea.

Christophe Galtier insisted he was not worried with Paris Saint-Germain's poor form since the return to action after the World Cup.

Folarin Balogun's last-gasp equaliser for Reims at the Parc des Princes on Sunday left the defending champions with just one win from their past four Ligue 1 matches.

PSG's lead at the summit has been reduced to just three points as a result, a gap that could have been even less had Lens and Marseille not also been held to a draw on Saturday.

Galtier's side have a quick turnaround before Wednesday's trip to Montpellier and he is pushing for a response from his squad.

"Worried no, disappointed yes. We are not going to hide behind the post-World Cup calendar," he said after the match.

"It's been a few weeks since our performances were not at the same level as in the first part of the season. We must work, we must find solutions, and reconnect.

"A crisis of confidence? I don't think so. Maybe a crisis of complacency, all the demands we had.

"It went haywire for different reasons. It's hard to restart. I have high-level players who cannot accept to be at this level since the beginning of 2023."

With just a few days remaining until the mid-season transfer window slams shut, Galtier confirmed the club intend to be active in order to bolster the squad.

"There are 48 hours left. The club is working on the arrival of at least one player. There are significant constraints with financial fair play," he added.

"We want reinforcement. Will it happen? I don't know. We cannot hide behind the absence of a player. We have quality players in the squad. Everyone must find their level very quickly."

Folarin Balogun stunned Paris Saint-Germain at the Parc des Princes with a last-gasp equaliser to earn a 1-1 draw for Reims.

Neymar opened the scoring early in the second half to give Christophe Galtier's home side the lead, but substitute Marco Verratti was sent off soon afterwards.

PSG continued to have the better chances but could not extend their lead, though the 10 men still looked set to grind out a valuable win to return to winning ways on Ligue 1 duty.

Balogun had other ideas though, latching onto Kamory Doumbia's throughball to slot past Gianluigi Donnarumma in the sixth minute of stoppage time and stun the home crowd.

Milan Skriniar confirmed he has signed for Paris Saint-Germain but is waiting for Christophe Galtier's side to agree the transfer details with Inter.

The Slovakia international's agent Roberto Sistici said on Tuesday there was "no possibility" his client would renew his Inter contract, which is due to expire at the end of June.

PSG coach Galtier, speaking after Monday's 7-0 Coupe de France win over Pays de Cassel, suggested a move for the centre-back was imminent, though he did not clarify whether it would be in January or the end of the season.

It is said Inter are demanding €20million from PSG for the defender to leave this transfer window and Skriniar, despite confirming his move, was unable to reveal when he will join PSG.

When asked by Slovakian outlet Futbalsfz about reports he has signed for PSG, the 27-year-old responded: "Yes, it's true. Now, however, I can't add more details. 

"I'm waiting for the two clubs to find an agreement."

Simone Inzaghi's side are reportedly considering Manchester United centre-back Victor Lindelof or Lille's Tiago Djalo should Skriniar's move be completed this month.

Leicester City have completed a short-term deal for Brazilian winger Tete.

The 22-year-old left Shakhtar Donetsk following the Russian invasion of Ukraine last year, joining Lyon in March after players in the country were given permission by FIFA to suspend their contracts.

After eight goals and nine assists in 30 appearances for the French side, Tete has made the move to the Premier League, although his new club confirmed he is due to return to Shakhtar at the end of the season.

Upon signing for the Foxes, Tete told the club's media: "I'm really happy to be here. I've had a look at the pitch and the stadium, it's beautiful and I can already imagine what it'll be like with a lot of fans. I hope to score a lot of goals and assists. I hope they'll all be happy to see me play, I'm happy to be a Fox."

Tete began his career at Gremio and has represented Brazil at under-20 and under-23 level.

He could make his debut for Brendan Rodgers' side in their trip to Aston Villa on February 4.

Chelsea have continued their January spending spree with the signing of right-back Malo Gusto from Lyon.

The France Under-21 international has signed a seven-and-a-half-year deal at Stamford Bridge, but he will spend the remainder of the 2022-23 season on loan at Lyon.

Gusto, who has made 54 appearances for Lyon since making his debut in January 2021, is reported to have cost Chelsea an initial £26.3million (€29.9m) plus various add-ons.

He becomes Chelsea's seventh signing of the window following the arrivals of Mykhaylo Mudryk, Benoit Badiashile, Noni Madueke, Andrey Santos, David Datro Fofana and Joao Felix, the latter joining on loan from Atletico Madrid.

The 19-year-old attacking full-back will provide long-term competition and cover for Reece James, who has missed the majority of this season through injury. 

Chelsea are also rumoured to still be in the market for a central midfielder, having so far been frustrated in their attempt to sign Argentina World Cup star Enzo Fernandez from Benfica.

Tottenham are reportedly investigating a potential move for young Bayer Leverkusen centre-back Piero Hincapie, despite the hefty asking price for the Ecuador international.

Hincapie, 21, is in his second Bundesliga season after arriving from Argentinian side Talleres, and has forced his way into Leverkusen's starting XI, earning 13 starts among his 15 total league appearances this campaign.

He also has 24 senior international caps for Ecuador under his belt, playing every minute of his country's three group stage fixtures at the Qatar World Cup.

Hincapie's emergence has not gone unnoticed, and Leverkusen are said to be informing interested clubs that any sale of their talented youngster will come at a heavy price.

TOP STORY – SPURS KICK THE TYRES ON PRIZED LEVERKUSEN DEFENDER

According to the Sun, Spurs boss Antonio Conte is desperate to add a new central defender before the end of the month, but the club were knocked back by a massive £80million price tag.

The report indicates Hincapie would be in favour of a move to the Premier League, and to Tottenham specifically, but that it would be far more likely to occur at the end of the season.

Interestingly, the Sun believes Leverkusen would be open to accepting as little as £20m if it meant Hincapie could spend the rest of the season on loan with the German side, but with his contract tying him to Leverkusen until 2026, it is hard to believe they would budge so significantly from their lofty valuation.

It also mentions Tottenham's pursuit of Sporting right-back Pedro Porro is on the verge of falling through, but Portuguese publication Record is reporting that a verbal agreement is in place for a £42m (€48m) deal.

ROUND-UP

– GiveMeSport are reporting Chelsea will make a run at 23-year-old Juventus striker Dusan Vlahovic at the end of the season, while Calciomercato adds Juventus are anticipating the Serbian's departure and will seek to replace him with 25-year-old Atalanta forward Ademola Lookman.

– According to Sport, Barcelona are focusing on 25-year-old Wolves midfielder Ruben Neves as their long-term replacement for Sergio Busquets after failing to land Real Sociedad talent Martin Zubimendi.

– Manchester United believe they are priced out of the Harry Kane sweepstakes, per the Daily Star.

– Mail on Sunday are reporting Arsenal have returned with a second offer for 21-year-old Brighton and Hove Albion midfielder Moises Caicedo, but their £70m bid is still below the £80m demand.

– The Telegraph adds that the outcome of Arsenal's push for Caicedo will not affect their desire to sign West Ham midfielder Declan Rice after the season, and they will try to secure both.

Marseille have struck a deal to sign Azzedine Ounahi after clubs from across Europe targeted the midfielder who dazzled in Morocco's World Cup semi-final run.

Ounahi was pivotal as Morocco became the first African team to reach the last four at a World Cup, catching the eye as the Atlas Lions saw off Spain and Portugal before falling to France.

The 22-year-old will leave Angers to join fellow Ligue 1 outfit Marseille for a fee reportedly of around €10million, having previously been linked with the likes of Napoli, Leicester City and Leeds United.

Both clubs announced a deal was in place on Saturday.

Marseille, who sit third in the table, said in a short statement: "Olympique Marseille announces an agreement in principle with Angers for the permanent signing of Azzedine Ounahi."

Ounahi has played 15 games in the French top flight this season, having also been a regular last season, and he will leave Angers just 18 months after arriving from minnows Avranches.

His arrival at Stade Velodrome could pave the way for Matteo Guendouzi to depart.

The France international is rumoured to be a target for Aston Villa and West Ham.

Chelsea's busy January is showing no signs of slowing down, despite landing five players already.

The Blues, who are 10th in the Premier League, have brought in Mykhaylo Mudryk, Noni Madueke, Andrey Santos, David Datro Fofana and Benoit Badiashile during this window.

Chelsea are 10 points behind fourth-placed Manchester United and desperate for a top-four finish to bring Champions League football back to Stamford Bridge.

And another signing is now imminent.

TOP STORY –  CHELSEA AGREE DEAL FOR LYON'S GUSTO

Fabrizio Romano claims Chelsea have agreed to a deal with Lyon to sign right-back Malo Gusto.

The 19-year-old will fly to London and undergo medical tests on Saturday, with the player to join the Blues in June 2023.

Lyon will receive €30million plus add-ons and retain the player on loan for the remainder of the season.

OL head coach Laurent Blanc had said the club's board guaranteed that he would remain with the club this season, with the loan solving that roadblock. 

ROUND-UP

– Arsenal will make an improved offer for Brighton and Hove Albion midfielder Moises Caicedo , according to The Telegraph. The Seagulls turned down Arsenal's initial £60m bid for the Ecuadorian, who took to social media to plead with the club to let him go.

– Atletico Madrid are back in for PSG defender Presnel Kimpembe , having been interested in him during the off-season, reports Le Parisien. Kimpembe, who is out of contract in mid-2024, may slip out of favour at PSG with the French champions pushing to sign Inter's Milan Skriniar.

– Real Madrid have ruled out an off-season transfer for West Ham United midfielder Declan Rice , according to The Daily Mail. The report claims Rice has "given his word" to Arsenal boss Mikel Arteta that he will join the Gunners next season.

– Roma midfielder Nicolo Zaniolo has rejected a move to Premier League strugglers Bournemouth despite the club's board travelling to Italy, preferring Milan or Tottenham instead, claims Fabrizio Romano.

– FootMercato claims PSG are readying a bid for Lyon's 19-year-old winger Rayan Cherki. PSG have previously tabled two bids for him.

– Lyon are also set to lose 22-year-old Brazilian winger Tete who will join Leicester City until the end of the season, reports The Sun. West Ham, Brentford and Leeds United were also interested in Tete.

Christophe Galtier has held talks with Presnel Kimpembe to clarify that the centre-back remains one of Paris Saint-Germain's vice-captains.

Kylian Mbappe wore the captain's armband in Monday's 7-0 Coupe de France win over sixth-tier Pays de Cassel in the absence of regular skipper Marquinhos.

Speaking to reporters after the cup rout, Galtier said Mbappe – who scored five times – "deserves" to be second captain when Marquinhos is not available.

Kimpembe, who has not played since November due to a heel injury, took to social media on Tuesday to state he had not been previously informed about Galtier's decision.

However, PSG head coach Galtier has since discussed the matter with Kimpembe to dissipate any misunderstanding.

"I expressed myself badly on Monday," Galtier said at a pre-match press conference ahead of Sunday's Ligue 1 match with Reims. 

"The choices are very clear: Kylian is one of the vice-captains. Every time Kimpembe has been on the field and Marquinhos hasn't been, Kimpembe has had the armband.

"When Marquinhos isn't available, there is another captain. In the Lens match there was neither Kimpembe, Marco [Verratti] nor Marquinhos, so Kylian was captain.

"I decided to have Kylian as captain in the last game because he is one of the vice-captains, not 'the' vice-captain. I've had a discussion with Kimpembe to explain all this."

PSG's victory against Pays de Cassel came on the back of a 1-0 loss to Rennes in their most recent Ligue 1 match as their lead on Lens at the summit was cut to three points.

However, not since September 2020 have they lost successive league matches, while their return of 47 points after 19 matches is their fifth-best ever at this stage.

The reigning champions face a tough test this weekend, though, as they host a Reims side unbeaten in 11 Ligue 1 games – the longest run of any side in the division.

"It will be a difficult match for us to begin this run of games," Galtier said. "They have changed system and coach, and we know it will be a challenge for us.

"We now have Kimpembe back in training and Marco Verratti is back with the group. We have to cope with the calendar and focus more on recovery."

PSG are unbeaten in their past 31 Ligue 1 games at the Parc des Princes, winning 27 of those, and have scored in each of the past 20 on home soil.

Arsenal are reportedly weighing up a potential £75million bid for young Brighton and Hove Albion midfielder Moises Caicedo.

Caicedo, 21, has been one of the breakout stars of the Premier League season, starting 18 of Brighton's 19 league fixtures to help his side up to sixth.

The talented central midfielder has already earned 28 caps for Ecuador and collected valuable experience at the Qatar World Cup, where he scored against Senegal in the group stage.

Brighton have rejected some serious bids already this month, and while they have reportedly set Caicedo's price at nine figures, Arsenal are prepared to test how much money they are willing to turn down.

TOP STORY – ARSENAL PREPARE BUMPER BID FOR BRIGHTON TALENT

According to Fichajes, Arsenal are determined to add reinforcements before the end of January, and they will see if £75m is enough to pry Caicedo away from Brighton.

Metro had previously reported Brighton would hold out for a fee in the range of £100m, having already batted away a £50m approach from Chelsea.

Fichajes believes Arsenal are willing to outspend Chelsea in the pursuit of Caicedo, which has them in the driver's seat if Brighton are willing to budge before the transfer window closes.

ROUND-UP

– According to the Daily Telegraph, Chelsea and Liverpool will both pursue 24-year-old Wolves midfielder Matheus Nunes, who is expected to cost £55m.

– 90min is reporting Tottenham are confident they will complete their move for 23-year-old Sporting right-back Pedro Porro in the coming days after negotiations over his release clause.

– 90min adds Sporting will target 22-year-old Brighton full-back Tariq Lamptey as Porro's replacement, although Lyon are also interested in the Seagulls defender.

– Everton have lowered their asking price for Anthony Gordon to £40m plus add-ons after their initial £60m valuation put off Newcastle United, per the Telegraph.

– Gazzetta dello Sport is reporting Inter will demand £35m (€40m) for 26-year-old right-back Denzel Dumfries, who is a target of Chelsea, Newcastle and Manchester United.

Malo Gusto will remain at Lyon despite interest from Chelsea, with club president Jean-Michel Aulas claiming the right-back will stay in Ligue 1.

The youngster has been linked with a switch to the Premier League heavyweights, who have presided over a high-spending January transfer window.

France youth international Gusto is the latest to be touted for a move, and has reportedly already agreed personal terms on a six-and-a-half-year deal.

But reports also said Lyon knocked back a £17.6million (€20m) offer from the Blues on Wednesday, and Aulas has claimed the 19-year-old will not be going anywhere this month.

"I have the pleasure to explain that Malo Gusto, one of Lyon's big talents, will continue to play for Lyon until at least June 30," he wrote on Twitter.

Gusto is out of contract at the end of next season with the Ligue 1 outfit, who currently ninth with just one win from their last five top-flight matches.

The club reportedly value him closer to £35m (€40m) and may well be playing hardball in order to convince Chelsea to either up their offer or wait for the end of the campaign.

With 47 appearances for his hometown club, Gusto is already knocking at the door of the France senior team under Didier Deschamps.

If he was to move to Chelsea, he would become their seventh arrival of the transfer window, and second from Ligue 1 after Monaco defender Benoit Badiashile.

David Datro Fofana, Andrey Santos, Mykhaylo Mudryk and Noni Madueke are the other permanent arrivals at Stamford Bridge, while Joao Felix also joined on loan from Atletico Madrid.

Chelsea have spent plenty of money on recruitment during the January transfer window, landing Mykhaylo Mudryk, Noni Madueka, Andrey Santos, David Datro Fofana and Benoit Badiashile.

But the Blues may not be done with transfer activity before Tuesday's window closure.

Chelsea are still eager to bolster their midfield options, having missed out on a few key targets.

TOP STORY – CHELSEA TO MOVE FOR EVERTON MIDFIELDER

Chelsea will move to sign unsettled Everton defensive midfielder Amadou Onana, according to The Times.

The Blues will divert their attention to the Senegal-born Belgium international after missing out on Benfica's Enzo Fernandez and Brighton and Hove Albion's Moises Caicedo.

Onana was given a leave of absence from Everton training earlier this week and is unhappy given the club's plight with Frank Lampard sacked as manager this week.

ROUND-UP

– Ferran Torres could be sold by Barcelona in the off-season, despite only joining the Blaugrana in January last year, reports Sport. Barca have ignored offers for the forward in January, despite some clubs wanting him on loan while the report links Atletico Madrid with the 22-year-old.

– Milan are monitoring the status of Manchester City full-back Joao Cancelo, according to The Sun. The Portuguese has struggled for games since the World Cup and could be open to a move.

– Tottenham are getting closer to completing a deal for Sporting full-back Pedro Porro, reports The Guardian. Sporting are determined to recoup his buyout clause of €45 million (£39.7m), with talks, ongoing since the start of the month, getting towards a conclusion.

– Fabrizio Romano claims Weston McKennie has agreed personal terms with Leeds United however the move hinges on negotiations with Juventus about the transfer fee. Leeds' opening bid was €28m, but the Bianconeri want €35m.

– Everton are plotting a shock £25m move to sign Chelsea's Moroccan winger Hakim Ziyech, claims Sky Sports. Roma are also interested in the 29-year-old too, while PSG are keeping tabs on him, according to Media Foot.

– Nottingham Forest are weighing up a bid to sign 28-year-old Italian midfielder Roberto Gagliardini from Inter, claims Calciomercato.