Arsenal, Chelsea, Newcastle, Celtic and Liverpool made today’s transfer headlines

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WITH the January transfer window entering its closing stages, speculation is sure to increase in the coming days.

It has been a relatively quiet month of deals so far, but that is expected to change soon.

Plenty of rumours surfaced today, with the likes of Manchester United, Arsenal, Chelsea, Newcastle United and Celtic grabbing the headlines.

Arsenal and Man United are set to battle for the signing of Paris Saint-Germain striker Edinson Cavani. (talkSPORT)

Chelsea have reportedly launched a £16m bid for Shakhtar Donetsk forward Douglas Costa. (Metro)

Newcastle are trying to sign MK Dons starlet Dele Ali. (Goal)

Arsenal manager Arsene Wenger has confirmed his interest in a deal for Villarreal defender Gabriel Paulista. (BBC)

Celtic loanee John Guidetti will not make a decision on whether to make his move from Manchester City permanent this month. (talkSPORT)

Liverpool are considering a January bid for Stoke City forward Bojan Krkic. (Daily Express)

Chelsea are plotting a £40m move for Juventus midfielder Paul Pogba. (Daily Express)

Hull City are eyeing a £7m move for Tottenham Hotspur winger Aaron Lennon. (Daily Mail)

Martin Odegaard described it as a “dream come true” after the 16-year-old completed his move to Real Madrid. (ESPN)

Crystal Palace have made a bid for Queens Park Rangers midfielder Jordon Mutch. (Goal)

Will Keane is set to join Sheffield Wednesday on loan from Man United. (Daily Mail)

Chelsea have also started talks over a deal to sign Fiorentina winger Juan Cuadrado this month. (The Guardian)

A £20.6m bid for Cuadrado has already been turned down, with Chelsea set to increase their offer. (The Times)

Mohamed Salah and Andre Schurrle could be sold to offset the arrival of Cuadrado. (The Independent)

Schurrle is expected to move back to Germany to join Wolfsburg. (Daily Express)

Newcastle are set to compete with Arsenal for the signing of Ipswich Town defender Tyrone Mings. (Daily Mail)

Swansea City have lined up Blackburn Rovers striker Jordan Rhodes as a possible replacement for Wilfried Bony, who joined Manchester City earlier this month. (Daily Telegraph)

Wigan Athletic are set to reject West Bromwich Albion’s improved bid of more than £4m for winger Callum McManaman. (Sky Sports)

Valencia will try to beat Liverpool to the signing of Man City midfielder James Milner, whose contract expires in the summer. (Daily Mirror)

Manchester United have not received any offers for Anderson, who is up for sale. (Daily Mail)

Inter Milan forward Dani Osvaldo – who had an awful spell at Southampton last season – is wanted by Queens Park Rangers. (Daily Mirror)

Talks have been opened over a move to bring 16-year-old Paraguayan striker Sergio Diaz from Cerro Porteno to Man United. (Tuttomercatoweb)

West Brom forward Georgios Samaras is set to join Saudi Arabian side Al-Hilal on a six-month loan with a view to a permanent deal. (Express and Star)

Sampdoria’s move for Everton striker Samuel Eto’o is being held up because “nobody can figure out who is in charge at Everton”, according to the Italian club’s president, Massimo Ferrero. (Sky Sport Italia)

Meanwhile, it is relatively quiet on the transfer front at Sunderland.