The transfer window is now closed and Chelsea have made only one signing of any real note, the acquisition of Demba Ba from Newcastle United for £7.5 million. They have sent youngster Lucas Piazon out on loan and sold Daniel Sturridge to Liverpool for a reported fee of £12.5 million.
Thanks for following all the rumours and news with me, and be sure to look out for analysis of the deals done this January on Bleacher Report.
Willian competes with Chelsea's Oscar in their Champions League group game at Stamford Bridge.
Shakhtar Donetsk's Brazilian playmaker scored twice against Chelsea in their Champions League tie at Stamford Bridge earlier this season, the second of which led to the holders' early exit as it gave the Ukranian side the advantage in head-to-head away goals. His versatility means that he can play anywhere in the middle and he has been likened to Chelsea legend Frank Lampard.
Shakhtar are reportedly ready to let Willian leave in this transfer window, but they have attached a price-tag of £20 million. The Blues will be competing for his signature with rivals Tottenham Hotspur, whose manager Andre Villas-Boas was keen to bring Willian to west London during his spell in charge at Chelsea.
Update: transfer deadline day
Willian is set to move to Russian side Anzhi Makhachkala after they met the £34 million buyout clause in his contract with Shakhtar Donetsk. The deal is still being negotiated, leaving a glimmer of hope for a summer deal, but it looks likely that Chelsea will need to look elsewhere as they attempt to replace Frank Lampard (via The Independent.)
Birmingham's dire finances have made the youngster a prime target for Premier League clubs looking to snap up a bargain for the future. However, the player has expressed a desire for first team football, something he is unlikely to get at Chelsea.
Petr Cech is the Blues' first choice goalkeeper and with 20-year-old Thibaut Courtois having an impressive season out on loan at Atletico Madrid, Butland would be competing for the backup spot between the sticks at Stamford Bridge.
Update: transfer deadline day
Jack Butland has signed for Premier League side Stoke City and will rejoin Birmingham City on loan for the rest of the season. Current Stoke 'keeper Asmir Begovic has courted much attention owing to his fine performances this season and this deal will give both him and the club options should an offer come in in the summer window (via The Independent.)
Florent Malouda has been out of favour at Chelsea for some time now. Despite flashes of brilliance after joining the club in 2007 for an undisclosed fee, Malouda has never quite reached his potential. He is in the final year of his contract and has not featured for the senior squad at all in the 2012/13 season, instead seeing out his time with the youth team and reserves (via The Metro.)
Having not met Rafael Benitez since the Spaniard was appointed as interim manager in November, it is almost certain that Malouda will be on his way out of the club, although whether he will wait until the summer to avoid taking a wage cut halfway through the season remains to be seen (via The Mail.)
QPR are now looking to pounce while the January window is still open as they bid to stay in the Premier League. They will need to get their bid right as at the age of 32, Malouda doesn't have many playing years left in him so he will be looking to maximise his earnings while he can.
Lucas Piazon missed a penalty on his Premier League debut in Chelsea's 8-0 demolition of Aston Villa.
Chelsea have sent Brazilian youngster Lucas Piazon out on loan to La Liga side Malaga for the remainder of the season. The 18 year-old is looking for first team action and he has a far higher chance of gaining senior competitive experience in La Liga compared to his chances at Chelsea (via The Daily Mail)
Piazon has impressed since joining Chelsea in 2011 and won the FA Youth Cup in May 2012. He was also voted Chelsea's Young Player of the Season for 2011/12.
It is thought that this loan deal is part of Chelsea's continuing interest in Malaga play maker Isco.
You can read an interview with Piazon about his hopes for the future at Chelsea here.
Chelsea have apparently joined Reading FC in the hunt for the striker who has scored eight goals so far this season and has been dubbed "the next David Villa." FOXsports.com report that Chelsea have made a bid of £8.5 million for the player, which would trigger his €10 million release clause.
Iago has made it clear that he wants to stay at Celta Vigo until the end of the season as they struggle against relegation from La Liga so a January move seems unlikely. However, Chelsea have already missed out on one of their targets so far this window and will be looking to add a second forward who can play in the Europa League for the rest of the season.
Here is a link to Iago Aspas' highlights reel so you can see what all the fuss is about.
The 24 year old Brazilian attacking midfielder is apparently in talks over joining the Blues from Ukranian side Metalist Kharkiv. It has been reported that a deadline of Wednesday January 9 has been set by Metalist for Chelsea to complete the £11 million deal, which would see the midfielder who scored seven times in 36 appearances last season join Oscar, Ramires and David Luiz in the Brazilian midfield contingent at Stamford Bridge (via The Daily Mail.)
Here, for your viewing pleasure, is a video of him "doing a Marco van Basten."
The Ukranian side's away goals knocked the defending champions out of the Champions League, and their last minute grab of a player who had attended a match at Stamford Bridge during a courtship that started when in the window opened has dealt another blow to Chelsea's hopes for the rest of the season.
After a bright start in pre-season, the injury prone German has failed to make an impact at Chelsea. There is talk of him being loaned to Bayer Leverkusen until the end of the season to curry favour with the Bundesliga side, in the hope of Chelsea getting preference in the race to sign Andre Schurrle in the summer.
Via The Mirror
The 25 year old Spaniard has a £16 million release clause in his contract which expires in the summer of 2014. As Benat currently plays in a similar role to Frank Lampard, it looks likely that Chelsea are chasing him as a direct replacement for their departing veteran.
Having already had a bid of £8 million rejected, Chelsea will want to weigh up the options, including offering Lampard a new deal (via The Daily Star.)
Francisco Román Alarcón Suárez, or Isco for short, has been strongly linked with a move to Chelsea since the transfer window opened. The 20 year old is seen as an exciting prospect for the future and would act in support of the Three Amigos of Oscar, Eden Hazard and Juan Mata.
If this YouTube video is anything to go by, Chelsea will not be the only club chasing the youngster, whose current club Malaga owe the Spanish tax man a significant amount of money, increasing the chances of a £15 million bid being accepted.
The Senegalese striker has 13 goals from 20 appearances for the Magpies this season, and with a £7 million release clause in his current contract, he could offer excellent value for money.
Yossi Benayoun's loan spell at West Ham has ended and the midfielder returns to Chelsea from January 3rd. After spending the 2011/12 season on loan at Arsenal, scoring four goals in 19 appearances, the midfielder only played in six games for the Hammers before sustaining a knee injury which saw him return to Chelsea for treatment. (via ChelseaFC.com)
With Walcott out of contract at Arsenal in the summer, and negotiations seeming to have reached an impasse, the Gunners could try to cash in on the England star or face losing him on a free transfer.
Chelsea are reportedly prepared to offer anything from £15 to £22 million for Walcott, and if he keeps up his scoring record they would definitely come out of the deal as the happier club. (via The Independent)
Arsenal have set a deadline of two weeks time for Walcott to sign a new deal, with any action after that date unclear as yet. (via The Daily Mail)
Walcott will be staying put at Arsenal, having signed a three-and-a-half-year deal worth £100,000 a week (via BBC Sport.)
Frustrated at a lack of game time and fed up with always playing second fiddle to Fernando Torres, Sturridge has been in talks with Liverpool over a deal which would see him leave Stamford Bridge for a fee of around £12 million. (via BBC Sport)
This would leave Chelsea with one recognised striker in the form of Fernando Torres, who despite finding the net seven times in the league this season, is still a long way off his best.
Update 2/1: Done Deal
After months of speculation, Daniel Sturridge is officially a Liverpool player. It was announced today that he has joined the Anfield club for an undisclosed fee, thought to be around the £12 million mark. When asked about the move, Sturridge told the official Liverpool FC website that he was "humbled and happy to be here."