EPL: Money Burning a Hole in Mancini's Pocket, But Where To Spend It?

As the hinges on the January window are oiled in preparation for it being closed on the last day of the month, there have already been a number of big name moves.

David Luiz is closer than ever to becoming a Chelsea player at a whopping €32m, possibly.

But there are suggestions that Manchester City are close to jumping back into the market for a big name.

The player in question could well be Alves from Barcelona, a proven world star that certainly fits the profile.

Perhaps Sneijder could be an outside chance to add some further glamour to the world's most expensive squad?

But then again it could even be an audacious return for Fernando Torres to set a new British transfer record in excess of £50m?

One thing is certain though, and that is the need for City to move some high earners on.

Wayne Bridge has gone, saving £100k a week, Santa Cruz has gone at a reported £120k per week and it looks very much like two more players will move out on loans in the next few days.

Shaun Wright Phillips is highly likely to join Fulham, releasing a further £65k per week and then there is Adebayor who could very well play the rest of the season at Real Madrid, easing the wages bill by a staggering £180k per week.

So doing some pretty rudimentary math, I reckon that City are about to slash the wage bill by at least £465,000 per week.

Putting that into the FFPR context it comes out at about £24m per year saved.

That's not a small number and may well add credence to the suggestion that City are ready to splash the cash one more time in January.