It is time to take a closer look at the latest transfer news today, with Premier League clubs keeping their eyes wide open for potential business deals.
One of the biggest stories of the day concerns Manchester City, who are looking to part ways with a four-time Champions League winner in this fast-approaching January winter window.
Elsewhere, Arsenal have taken a big step forward in securing the long-term services of one of the most exciting young talents in world football.
Here are the biggest headlines of the day…
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Man City looking to part ways with Mateo Kovacic

Manchester City are hoping to get Mateo Kovacic off their books during the winter transfer window, according to the latest information from Caught Offside.
The Croatian midfielder is wanted by a number of clubs, including West Ham, Aston Villa, Villarreal, Real Betis and AC Milan, with the latter looking to reunite Kovacic with his international teammate, Luka Modric.
The 31-year-old appears to have lost his place in Pep Guardiola’s team, making just two appearances since the start of the new season – something that will concern Kovacic considering places at next summer’s World Cup are still up for grabs.
Valued at £17m, the midfielder certainly offers a lot of quality and experience for his relatively small price tag – something he will be looking to underline should he get the chance to shine at a new club come January.
Arsenal temporarily fend off rivals for prodigy Max Dowman

Arsenal have reached an agreement with teenage prodigy Max Dowman over a new scholarship contract once he turns 17 years old, according to a report by The Athletic.
The Gunners have reportedly finalised terms with the 15-year-old and have already put plans in place to sign Dowman to a professional deal once he becomes eligible.
With Arsenal looking to keep the youngster at all costs, the news comes as a blow to a host of heavyweight European clubs who were hoping to lure England’s next potential superstar away from the Emirates – this includes Real Madrid, who have been keeping tabs on the player for a number of years.
Dowman has already made his mark in the first team, becoming Arsenal’s second-youngest player when he came off the bench during a Premier League fixture with Leeds United last August.

Two possibilities in Chelsea's goalkeeping hunt

Chelsea are considering making a January offer for Barcelona’s Marc-Andre ter Stegen for a potential loan deal, according to a report by TEAMtalk.
The 33-year-old comes with a sizable salary, meaning the La Liga giants are keen to offload some of that financial pressure, but it also could make a deal difficult from Chelsea’s perspective.
The Blues are also looking at AC Milan’s Mike Maignan, though reports indicate that the Premier League side are willing to wait until next summer and bring the player to Stamford Bridge on a permanent deal which could be worth as much as £20m.
Chelsea parted ways with four goalkeepers during the summer, with Marcus Bettinelli, Kepa Arrizabalaga, Lucas Bergstrom and Dorde Petrovic all moving on. Elsewhere, Mike Penders and Teddy Sharman-Lowe are both out on loan, while Robert Sanchez continues to be the main man between the sticks, ahead of Filip Jorgensen and Gabriel Slonina.