Chelsea are preparing a £16.5m January bid for Sevilla winger Jesus Navas.
Liverpool will launch an £18m double swoop for two West Ham players in the new year - striker Carlton Cole and midfielder Valon Behrami.
Manchester United, Liverpool and Juventus will battle it out for the signature of Real Madrid's French striker Karim Benzema.
Liverpool are also planning a January move for 17-year-old Spanish midfielder Inigo Ruiz De Galarreta, who is being monitored by a host of Europe's top clubs after making his debut for Athletic Bilbao in pre-season.