Sports Illustrated rounds up the latest transfer rumors and gossip from around the world.

Premier League

Manchester United are considering a move for Como playmaker Nico Paz and would be potentially willing to offload Bruno Fernandes to make room in the roster for the Argentina international. (Source: The Sun)

United have also made contact with Como over Paz’s teammate Martin Baturina. The versatile Croatia international is also a leading target for Chelsea and is expected to cost €80 million ($88.2 million). (Source: The Daily Briefing)

Arsenal are accelerating their approach for a marquee left winger in 2027, with RB Leipzig’s €80 million ($88.2 million)-rated forward Antonio Nusa a figure of strong interest. (Source: TEAMtalk)

Any interest from Mauricio Pochettino in Chelsea fullback Malo Gusto has been played down. Manchester United’s priorities would appear to be directed toward a new center back and striker this January. (Source: Fabrizio Romano)

Liverpool are keen on prying Bilal El Khannouss away from German side Stuttgart as a solution to their attacking struggles. The former Leicester City forward is also on the radar of Newcastle and Leeds United. (Source: Ekrem Konur)

Arsenal’s World Cup-winning midfielder Mikel Merino is thought to be angling for an exit, and his representatives have supposedly met twice with Atlético Madrid president Enrique Cerezo. (Source: El Nacional)

Middlesbrough’s prolific 21-year-old striker Will Lankshear has inspired interest from Manchester United and Arsenal after rattling in 13 goals in 13 Championship games this season. (Source: Ekrem Konur)

Lankshear only joined Boro for £20 million ($26.4 million) over the summer, and the club have no intention of selling him so soon, even if Arsenal’s interest is growing. (Source: TEAMtalk)

Despite conceding nine goals in one game against Como, Lens goalkeeper Robin Risser retains a lofty reputation, with interest from the likes of Manchester United and Liverpool. (Source: 4-4-2)

Juventus are sniffing around Tottenham Hotspur fullback Destiny Udogie. Spurs will want more than the €18 million ($19.8 million) they paid for the 23-year-old. (Source: Ekrem Konur)

La Liga

It’s all going on with Arda Güler. The ephemeral playmaker has supposedly rebuffed Real Madrid’s contract extension offer of an annual salary of €8 million ($8.8 million) after being presented with terms to the tune of €22 million ($24.3 million) from Paris Saint-Germain. The French giants would be willing to spend €200 million ($220.5 million) on the 21-year-old, making him Real Madrid’s most expensive sale ever and the second-most expensive transfer of all time. (Source: Ajansspor)

Real Madrid have bluntly shut down any talk of PSG’s interest in Güler, who is a firm favorite of José Mourinho. Premier League clubs have also been circling the Türkiye international. (Source: Ekrem Konur)

Barcelona have halved their asking price for Alejandro Balde to €40 million ($44.1 million) in the face of tepid interest from the likes of Manchester United, Liverpool and Juventus. (Source: El Nacional)

Milan are poised to rival the likes of Liverpool and Real Madrid for Stuttgart’s Angelo Stiller as the long-term replacement for Luka Modrić. (Source: Sempre Milan)

Manchester United center back Lisandro Martínez is billed as one of the most “realistic” options for Barcelona in 2027. (Source: Ekrem Konur)

Barcelona are also chasing after Manchester City’s left-footed center back Joško Gvardiol. However, the Croatia international will only be available next summer. (Source: El Nacional)