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

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SPECULATION is hotting up ahead of the closure of the January transfer window, and the market is sure to get busier over the next week.

Today, there has been a fresh wave of speculation surrounding a number of Premier League clubs.

The likes of Newcastle United, Chelsea, Liverpool and Arsenal made today’s headlines, as clubs get ready to do business.

Newcastle are set to sign Dele Alli from MK Dons – and loan the 18-year-old back to the League One club until the end of the season. (Daily Mail)

Chelsea could launch a shock bid for Liverpool’s Raheem Sterling. (Metro)

Arsenal, Chelsea, Manchester United and Manchester City are interested in Sergio Busquets, who is set for contract talks with Barcelona. (Daily Star)

Chris Herd has joined Wigan Athletic on loan from Aston Villa.

Brendan Rodgers has dismissed speculation linking Liverpool with a move for Bolton Wanderers goalkeeper Adam Bogdan. (ESPN)

Arsenal have been granted a work permit to sign Villarreal defender Gabriel Paulista for around £13.5m. (Daily Star)

Roma will demand Vlad Chiriches from Tottenham Hotspur in a swap deal if the North London club follow up their interest in Mattia Destro. (talkSPORT)

Felix Magath has urged former club Wolfsburg to sign Chelsea forward Andre Schurrle. (London Evening Standard)

Everton and Aston Villa are interested in Porto defender Rolando. (ESPN)

Crystal Palace are set to beat West Bromwich Albion to the signing of former Newcastle striker Shola Ameobi. (Daily Mail)

Tottenham Hotspur are considering making a £5m bid for Burnley striker Danny Ings. (Daily Mirror)

Real Madrid have not ruled out selling French striker Karim Benzema. (Daily Star)

West Ham United are trying to finalise a deal for Man United midfielder Darren Fletcher. (Goal)

Chelsea are considering their options after having approaches rejected for Fiorentina’s Juan Cuadrado and Shakhtar Donetsk’s Douglas Costa. (Goal)

West Brom are closing in on the £4.5m signing of Wigan Athletic winger Callum McManaman. (Daily Mirror)

Chelsea are keeping tabs on Rennes midfielder Abdoulaye Doucoure. (Daily Star)

Cardiff City manager Russell Slade says Kenwyne Jones will not be sold this month. (Wales Online)

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