Good morning and welcome to another day of January transfer news and rumours. Plenty of money is expected to be spent this month. But who will do the most business? Here's a look at what's doing the rounds today...

Paris Saint-Germain are playing a sneaky game in the on-going Alexis Sanchez contract saga, reveals The Daily Mirror, with the paper claiming the French giants are urging the Chilean to continue stalling until the summer, when they hope to swoop.

The Mirror says PSG believe they can then snatch the striker - valued by the Gunners at £60 million - for a cut-price fee, as he will have just 12 months remaining on his existing deal. And Sanchez's representatives have apparently been made aware of PSG's interest.

Arsenal are willing to offer Sanchez a new £200,000-a-week deal but the former Barcelona forward has had his head turned by potential £400,000-a-week wages from China. PSG wouldn't be able to match that but they could offer more than £200k.