Rumours: Arsenal keen on cut-price, short term loan deal for Real Madrid's James Rodriguez

James Rodriguez could join Arsenal on loan until the end of the season Credit: PA

Arsenal could sign Colombia midfielder James Rodriguez for as little as £3m, with Bayern Munich willing to allow him to switch the final six months of his two year loan deal if the Gunners pay the remainder of the fee owed to Real Madrid. (Mail)

Chelsea stepped up their pursuit of Argentina midfielder Leandro Paredes, upping their bid for the Zenit St Petersburg man to £36m.(Star)

Daniel Sturridge is expected to receive a host of offer from Major League Soccer clubs as the 29-year-old enters the final six months of his Liverpool contract. (Sun)

Former Chelsea goalkeeper Peter Cech, 36, will be offered a coaching or ambassadorial role at Stamford Bridge after announcing on Tuesday that he will retire at the end of the season. (Mail)

Marouane Fellaini will be allowed to leave Manchester United this month for for £15m with AC Milan, Porto and Guagzhou Evergrande all interested in the 31-year-old Belgium international. (Mirror)

Newcastle have yet to submit a new bid for Atlanta United’s Paraguay midfielder Miguel Almiron after their initial offer was rejected in December. (Chronicle)