The transfer window is open and here are all the developments from Daily Mail Sport's Simon Jones - including the terms of Douglas Luiz's return to Aston Villa and Norwich's bid for Bodo goal hero. For all of yesterday's updates click here.
Fulham's £28m Pepi bid rejected
Fulham have had an improved offer for PSV Eindhoven forward Ricardo Pepi rejected.
Talks are ongoing after their latest proposal of £28million was knocked back by the Dutch side who remain steadfast in wanting closer to £35m for the USA international.
Fulham are also evaluating Genk’s 6ft 2in striker Oh Hyeon-gyu as the deadline draws closer. The South Korean international has scored 10 goals in 30 appearances this season.
Leeds have also checked on the 24-year-old.
Palace launch £50m bid for Strand Larsen
Crystal Palace have gone to £50m, made up of £45m plus £5m in add-ons, after opening discussions revealed Wolves' valuation was closer to £55m which Newcastle had offered in the summer.
It is understood the Larsen deal is all agreed between intermediaries, as reported by Norwegian outlet NRK, but Wolves have still to formally accept the offer.
Palace want to resolve the situation quickly with Jean-Philippe Mateta pushing to leave.
The 28-year-old has agreed personal terms with Nottingham Forest , who offered £35m last Saturday, but their bid has still to be accepted.
Mateta would prefer a bigger club but the likes of AC Milan or Juventus have not been able to match Palace's desired pay structure or valuation of around £40m.
Injuries could force Reds back into the market
Liverpool will take stock of Jeremie Frimpong's injury before assessing whether there is a need to go into the transfer market this month.
Frimpong limped off after four minutes of the Champions League win over Qarabag and was replaced by Waturo Endo.
Asked about whether Liverpool would look to sign a solution, Slot said: 'It always depends on, are there players available we think can help us, and if there are, can we afford them?
'And also, will it be helpful for the longer-term future as well because our players come back from injury.
'We have to do smart things for the near future but also the longer future.
'Let's first see how Jeremie is, maybe he's not able to play Saturday, but maybe he's able to play one or two days later.'
Liverpool evaluated the market following Conor Bradley's season-ending knee injury at Arsenal but believe there is limited quality available.
Ibrahima Konate is expected back at the weekend while Joe Gomez who picked up a hip injury following a collision with Alisson Becker in the 3-2 defeat to Bournemouth, could be back in contention.
Paqueta seals West Ham exit
Flamengo have heralded Lucas Paqueta's return to the club from West Ham as 'an historic move'.
West Ham reluctantly agreed to sell for £36.4m yesterday after Paqueta requested a transfer and only to Flamengo. The midfielder travelled to Brazil last night for his medical.
... and Ward-Prowse leaves London Stadium too
James Ward-Prowse has also completed his move from West Ham to relegation rivals Burnley, on loan. The 31-year-old said: 'There’s a big battle between now and the end of the season, but I’m going to relish every moment.'
The Hammers did sign Adama Traore from Fulham for £1m with a further £1m to follow on staying up. The 29-year-old has signed an initial six-month deal.
Besiktas are keen on Hammers keeper Alphonse Areola.
Rock-bottom Wolves eye reinforcements
Wolves have spoken to FC Basel about winger Philip Otele and versatile defender Jonas Adjetey as they look to strengthen their squad and prepare for all scenarios before Monday's deadline.
Talks over the transfer of Emmanuel Agbadou to Besiktas are at an impasse after they failed to agree on a fee but the Turkish side may yet resurrect talks with their window open longer - until February 11 - also.
City get a few bob for Bobb!
Manchester City have secured a 20 percent sell-on and matching rights on future bids for Oscar Bobb after selling him to Fulham for £27million, pending his medical today.
Fulham are considering a revised offer for PSV Eindhoven striker Ricardo Pepi, who is valued around £35m.
Manchester City defender Nathan Ake is on AC Milan's wishlist, and City keeper Stefan Ortega is also attracting enquiries.
Chelsea's Paez swaps France for Argentina
Chelsea have recalled Kendry Paez from Strasbourg and are sending the Ecuador winger on loan to River Plate in Argentina.
Ex-England star finds new home
Conor Coady has completed his move to Charlton Athletic on loan.
The 32-year-old former England defender has only played six times for Wrexham since his move from Leicester City and wanted more regular game time.
Villa can sign Luiz for £21m after loan
Aston Villa have completed the signing of Douglas Luiz from Juventus after his loan to Nottingham Forest was cancelled.
Villa have an option to make the move permanent for £21m plus add-ons. Villa have have recalled defender Yasin Ozcan from his loan at Anderlecht to sign for Besiktas.
Newcastle say no to Zouma
Newcastle United are not pursuing a move for Kurt Zouma. The 31-year-old free agent, who played in the Premier League for Chelsea and West Ham, was offered to them after leaving Cluj this month.
Coventry back in for Onyeka
Coventry City have returned to talks for Brentford midfielder Frank Onyeka.
The 28-year-old has not featured for the Bees since October but played four games for Nigeria at the Africa Cup of Nations.
Norwich's £7m bid for Bodo hero
Norwich City have offered £7m to Bodo/Glimt for striker Kasper Hogh who also had interest Celtic. Hogh scored the winner in their Champions League game at Atletico Madrid last night - a goal that ensured they stayed in the competition by reaching the playoff round.
Norwich striker Josh Sargent is still intent on joining MLS side Toronto FC, having vowed to not play for the Championship club again.
Coppola's Paris deal
Brighton defender Diego Coppola, 22, is joining Paris FC on loan, seven months after signing for the Seagulls from Hellas Verona.
Ipswich say no to Szmodics joining Derby
Ipswich have rejected a bid from Derby County for striker Sammie Szmodics.
The 30-year-old joined the Tractor Boys in a £9m deal from Blackburn in summer 2024.
Watford set to loan Udinese defender, 21
Watford are closing on a loan for Udinese centre-back Saba Goglichidze. The 21-year-old signed a five-year deal with the Italian club last summer but has been restricted to eight appearances in Serie A so far this season.
Salford's forward thinking
Salford City are keen on Bolton forward John McAtee, 26.
To catch up on all the moves and stories so far this week, go to:
WEDNESDAY: Latest on free agent Jesse Lingard
TUESDAY: Tammy Abraham seals Aston Villa move
MONDAY: West Ham agree Flamengo's £36m deal for Lucas Paqueta
