Arsene Wenger will sign a new deal at Arsenal, and the extended contract will include the promise of a £100 million war-chest for transfers, according to one newspaper on Tuesday.
The Emirates Stadium hierarchy are confident the Frenchman will put pen to paper soon, but Wenger has voiced concern at the fixture pile-up facing his team in the coming weeks.
Newcastle United midfielder Yohan Cabaye will become the next big signing of the January transfer window as Paris Saint-Germain prepare to complete their move for the France international.
But who else is making the headlines on Tuesday? Read on to find out more.
Arsenal chief executive Ivan Gazidis is convinced manager Arsene Wenger will sign a new contract with the club, but David Woods of the Daily Star reports that £100 million will be made available for new signings in the summer.
The Gunners signed a new £150 million kit deal with Puma on Monday, and the bulk of that will help Wenger strengthen his squad with Radamel Falcao a potential target, according to the article.
Meanwhile, Wenger has bemoaned his team's fixture schedule in the coming weeks, reports Mark Irwin of The Sun (subscription required).
The north London club face matches against Bayern Munich, Liverpool, Manchester United and Chelsea in all competitions next month, and Wenger is quoted as saying:
In some countries they cancel league games to give their teams more time to rest.
But in England it’s the TV companies who have the last word.
If they say they want Arsenal vs. Liverpool in the FA Cup on Sunday, it will be on Sunday.
Already this season we had a week when we played Everton on the Sunday, Napoli away on Wednesday night, then Man City away at 12.45 on Saturday.
We could not have had less time to recover.
Newcastle United have accepted a £23 million offer for midfielder Yohan Cabaye from Paris Saint-Germain, reports Sami Mokbel of the Daily Mail.
The article claims an initial bid of £14 million was rejected by the Tyneside club but a PSG delegation arrived in Newcastle on Monday to secure the deal for the 28-year-old.
But Newcastle manager Alan Pardew admits the move has come at a bad time for his team ahead of the derby against Sunderland on Saturday, and he is quoted in the Mail report as saying:
The timing is very unfortunate.
It was the same at the start of the season.
The biggest concern for me is losing the player and the second biggest concern is that I have the derby on Saturday.
The Spain international is set to make his debut in the Premier League game against Cardiff City on Tuesday, but his manager insists his arrival will trigger further big-name signings at Old Trafford:
The message this sends is that we’re going for all the best players in the world at Manchester United and Juan is one of those players.
He’s a top Spanish player, a top Premier League player and if you asked any Premier League supporter, no matter what club they support, they would be an admirer of Juan.
I’ve got a big job to do here and a couple of new signings isn’t all that’s needed.
There’s a bigger job to be done but you have to start somewhere.
If you asked me what I needed most, I would have said a central midfielder, I could do with a left-back, but sometimes you don’t always get the pieces of the jigsaw at the time.
Southampton manager Mauricio Pochettino is adamant that his left-back Luke Shaw will not be one of those players Moyes signs, reports Joe Batchelor of the Daily Mirror.
David McDonnell of the Daily Mirror claims Porto midfielder Fernando remains on Moyes' radar before the transfer window closes on Friday.
Liverpool manager Brendan Rodgers has voiced his frustration at the lack of signings this month, reports David Maddock of the Daily Mirror.
The Reds missed out on transfer target Mohamed Salah, who has joined Chelsea, leaving the Anfield boss concerned at the situation, according to the article:
Of course, I wanted to strengthen the team and if we are unable to do that it would be disappointing, but there’s nothing you can do about it.
I think, yes, absolutely, we are so close to our aim of the Champions League and we should do everything we can to get there, and the owners feel like that as well.
The people in the club see where we are at. I’ve always felt with this team that we would need to have everyone available to keep us in it, but if they are not we’ll still have to find ways to win games.
Meanwhile, Liverpool have made a late move for Blackpool star Tom Ince, reports Gary Jones of the Daily Star.
Barcelona have dismissed claims that they are planning to sell Lionel Messi, reports the Daily Express.
New Camp Nou president Josep Maria Bartomeu insists the Argentina international is not for sale, and he will begin negotiations on a new deal soon.
Chelsea have identified Atletico Madrid striker Diego Costa as their main transfer target this year, reports Jeremy Wilson of the Daily Telegraph.
Charlie Skillen of the Daily Mail claims Chelsea have agreed a swap deal for Costa, which will mean on-loan goalkeeper Thibaut Courtois remaining permanently with the La Liga club.
Everton have been boosted by the return of midfielder Ross Barkley in time for the Merseyside derby on Tuesday night, claims David Maddock of the Daily Mirror.
Southampton striker Dani Osvaldo is wanted by Inter Milan and Valencia, according to Gary Jacob of The Times (subscription required).
Monaco are also considering a move for Osvaldo, along with Manchester United striker Javier Hernandez, reports Ben Jefferson of the Daily Express.
Manchester City have joined Liverpool in the chase for Atletico Madrid winger Arda Turan, according to Jefferson.