The winter transfer window is now in full swing! As usual, Transfer Talk has its finger on the pulse when it comes to which rumours are picking up steam. Check out all the latest deals here.

TOP STORY: Juventus dream of Sanchez-Pjanic swap

One of this window's more outlandish rumours has surfaced in Italy.

Arsenal's Alexis Sanchez is reportedly the subject of an audacious swap proposal from Juventus, with Tuttosport saying Miralem Pjanic will be offered as the player to go in the opposite direction.

The Turin-based newspaper says Juve want to team Sanchez with Paulo Dybala and Gonzalo Higuain in an attacking trident to take on Karim Benzema, Cristiano Ronaldo and Gareth Bale at Real Madrid and Neymar, Lionel Messi and Luis Suarez at Barcelona.

The paper says that sporting director Giuseppe Marotta would ideally not include the Bosnian playmaker in a deal, though it is reported that the Gunners have been fans for some time.

LIVE BLOG:

21.57 GMT: That's going to do it for Wednesday's live edition of Transfer Talk. Thanks very much for joining us, and please check back in just a few short hours when we return with all the best gossip ripped from Thursday's back pages.

21.44 GMT: Aston Villa defender Jordan Amavi is the subject of interest from Ligue 1 side Marseille, the Birmingham Mail cites French outlet L'Equipe as reporting, although the 22-year-old reportedly would prefer to remain in England.

21.22 GMT: Real Salt Lake coach Jeff Cassar says he's "optimistic" that his side can sign LA Galaxy attacker and former U.S. international Landon Donovan.

"I'm optimistic that we might have the opportunity to bring Landon in," the Salt Lake Tribune quotes Cassar as telling ESPN700. "Obviously some things have to fall in line. That's kind of out of our control. I'm optimistic, and there have been times when I haven't been optimistic."

20.59 GMT: Luke Shaw's agent Jonathan Barnett has spoken out against rumours of the English left-back's potential departure from Manchester United this summer, with Chelsea and Tottenham tipped as favourites for his signature.

"I am angry with these reports suggesting Luke Shaw will leave Manchester United in the summer," the Metro quotes Barnett as telling IBTimes. "I am angry at the irresponsible journalism."

"Luke Shaw is happy at Manchester United and also, Manchester United are happy with him."

20.23 GMT: DONE DEAL LA Galaxy have announced the signing of 35-year-old U.S. international Jermaine Jones. Full story.

20.01 GMT: Juventus have made a €5 million offer for Schalke 04's Sead Kolasinac, who can play along the back line as well as in midfield, CalcioMercato reports. Arsenal, Chelsea and Liverpool are also reportedly interested in the Bosnian international.

19.38 GMT: As Europe's biggest clubs prepared to nab Genk winger Leon Bailey in the summer, the willingness of both Roma and Bayer Leverkusen to lodge a £20 million bid has accelerated the continent's plans, writes the Mail. Liverpool, Chelsea, Everton and Bournemouth all are reportedly ready to swoop to ensure they're not beatn to the punch.

19.16 GMT: What are the odds of Diego Costa's move to China? Or Alexis Sanchez joining Liverpool? Our Janusz Michallik and Alexis Nunes look into the latest transfer gossip.

18.53 GMT: Coritiba are awaiting a counter-offer from Ronaldinho and his agent/brother Roberto de Assis that they can present to club's governing board, according to ESPN Brazil. Ronaldinho is reportedly seeking a deal that could see him make up to €203,000 a month.

18.31 GMT: Manchester United have reached an agreement for the sale of Memphis Depay to Lyon, worth up to €25 million, depending upon performance related clauses, a club source confirmed to ESPN FC.

18.09 GMT: Former Real Madrid striker Jese has made it clear that he only wants to leave Paris Saint-Germain for Las Palmas, according to Marca, while the French champions would prefer to offload the 23-year-old on clubs willing to spend more, like Liverpool and Middlesbrough.

17.46 GMT: DONE DEAL Middlesbrough have confirmed the signing of Patrick Bamford on a four-and-a-half year deal from Chelsea for an undisclosed fee.

17.24 GMT: The BBC reports that Everton have turned down a bid from AC Milan to take Gerard Deulofeu on loan for the rest of the season.

17.14 GMT: DONE DEAL Southend United have brought in striker Frank Nouble for the remainder of the season:

�� CONFIRMED | Blues are delighted to announce the signing of @FrankNouble on a contract until end of the season https://t.co/LyLEPymYAo ��⚽️ pic.twitter.com/E9jUqZ8iBJ - Southend United (@SUFCRootsHall) January 18, 2017

17.00 GMT: A little bit of contract extension news from Scottish champions Celtic:

�� Celtic delighted as Mikael Lustig signs contract extension. �� https://t.co/RpJ5v62Ptq pic.twitter.com/ZNeuZeYR9a - Celtic Football Club (@celticfc) January 18, 2017

16.56 GMT: Hull City are interested in signing Olympiakos right-back Omar Elabdellaoui, Sky Sports has reported. It says the former Manchester City player could be one of two new faces arriving at the Premier League club before the weekend.

16.40 GMT: Hoffenheim midfielder Jiloan Hamad is set to return to Malmo, the club he left to move to Germany three years ago, kicker reports.

16.32 GMT: Freiburg youngster Mats Moller Daehli, 21, is set to join FC St. Pauli on a loan, Badische Zeitung and kicker have both reported.

16.16 GMT: DONE DEAL A new goalkeeper for Neil Warnock's Cardiff City, who have brought in Allan McGregor on loan from Hull City.

16.14 GMT: And a little more about Jordan Rhodes -- Aston Villa are keen on the Middlesbrough striker "but will not be paying over the odds for him," says the Birmingham Mail.

16.00 GMT: The London Evening Standard reports that Arsenal have yet to open contract negotiations with England internationals Jack Wilshere, Alex Oxlade-Chamberlain or Kieran Gibbs, all of whom are entering the final year and a half of their deals.

15.55 GMT: We've had a fair few done deals during this window so far - and now here's an undone one.

West Bromwich Albion have had to cancel forward Andre Wright's loan move to League Two Yeovil because of rules governing the number of clubs a player can represent in one season.

Wright played for Coventry on loan earlier this season but before going there played a Checkatrade Trophy match for Albion -- which has been designated a first-team game by the Football League.

15.32 GMT: QPR have seen a second offer for Rotherham United striker Danny Ward turned down by the Yorkshire club, according to reports. The 10-goal striker is a target for a number of Championship clubs.

15.27 GMT: Stoke City want striker George Waring to go out on a new loan deal after a frustrating temporary spell at Shrewsbury Town came to an end, the Stoke Sentinel reports. The 22-year-old failed to score in only four league starts for the Shrews.

15.20 GMT: Goal reports that Chelsea and Everton are both talking to Atalanta about a move for midfielder Franck Kessie, but no price has been agreed for a player who would consider a switch to the Premier League.

15.11 GMT: Aston Villa are interested in signing Barnsley midfielder Conor Hourihane, who has already been the subject of an offer from Sheffield Wednesday, Sky Sports reports. Hourihane would cost around £1 million.

15.07 GMT: Earlier today, West Ham had a reported £6 million offer for Hull City midfielder Robert Snodgrass rejected -- and now the Mail reckons Burnley could take advantage.

It says the Clarets have offered £7.5million bid after Norwich City rejected two offers for Republic of Ireland midfielder Robbie Brady. The Canaries are reported to want £13 million for former Hull player Brady.

15.00 GMT: A little bit more on striker Leonardo Ulloa now -- the Leicester Mercury reports that his future "should be decided in the next couple of days," with discussions between his representatives and the club ongoing.

The Mercury says the Foxes have received one definite offer for Ulloa, believed to be from Alaves, amid interest from several clubs

14.44 GMT: DONE DEAL Sheffield Wednesday have sent Filipe Melo on loan to Portuguese side Pacos de Ferreira for the rest of the season.

Filipe Melo has joined Portuguese side @fcpf on loan until the end of the season #swfc pic.twitter.com/xZzn4PPeLt - Sheffield Wednesday (@swfc) January 18, 2017

14.22 GMT: Jose Fonte has made it clear he wants to leave Southampton this month after handing in a transfer request, but where will he be going? According to the Daily Mirror, he could be on his way to West Ham, with the Hammers joining Everton in the race to sign the defender.

14.13 GMT: Is Memphis Depay edging closer to a Manchester United exit? A source has told ESPN FC that while United and Lyon are both in talks over a transfer, no deal has been done yet.

13.52 GMT: We mentioned Chelsea's reported interest in their former striker Romelu Lukaku earlier today... Well, the Everton man has played down talk of a move back to Stamford Bridge, though without ruling out a return completely...

"I'm just focused on the season. I'm not really thinking anything about it [Chelsea]," Lukaku is quoted as saying by TEAMtalk. "I'm focused with this team. Whatever you guys write, you guys write. For me I'm not thinking about it."

13.46 GMT: Could free agent Robbie Keane be on his way to the Championship? He could well be -- but not to Leeds or Wolves...

"I've got a few offers in England and from abroad as well. I've had to knock back a couple which were maybe a bit too far away," he told talkSPORT. "There's been a few offers from Championship teams. [But] until it's actually in writing to me I can't comment much on it, but I definitely haven't heard from Leeds or Wolves."

13.37 GMT: You don't see a DONE DEAL like this every day... Welsh Premier League outfit Rhyl have signed manager Niall McGuinness' son, Lucas, following his birth on Monday, making him the youngest professional footballer in the world.

Europe's youngest top flight manager makes possibly youngest ever signinghttps://t.co/Wg5ZFkSJ8e pic.twitter.com/2KENBoafm8 - Rhyl Football Club (@rhylfc) January 17, 2017

13.32 GMT: Leicester striker Leonardo Ulloa, who has reportedly handed in a transfer request, is attracting plenty of interest from around Europe, Sky Sports' Guillem Balague says...

Ulloa wanted by some foreign clubs, one Turkish and few Spanish. Alaves the one with the biggest interest. The player determined to leave pic.twitter.com/ig3fg4hun3 - Guillem Balague (@GuillemBalague) January 18, 2017

13.25 GMT: Valencia have denied media reports in Spain that midfielder Dani Parejo is set to leave the club during the January transfer window... Story here.

VCF wants to make it clear that rumours of a conversation between @DaniParejo and Alesanco over leaving the club are completely false (I) - Valencia CF English (@valenciacf_en) January 17, 2017

13.21 GMT: Diego Costa and Chelsea seem to have put their differences aside for now, but that hasn't stopped Atletico Madrid from keeping tabs on their former player with a summer swoop a possibility, according to Goal. Barcelona, however, are apparently not interested in the Spain international, despite recent reports stating otherwise.

13.16 GMT: Aston Villa are preparing to firm up their interest in Middlesbrough striker Jordan Rhodes with a bid for the player, sources close to the Championship club have told ESPN FC. Story here.

13.00 GMT: Christian Benteke has been linked with a move away from Crystal Palace this month -- but according to the man himself, he's going nowhere. "I am very happy here and I want to fight to help the team to move up the table," he said. Story here.

12.45 GMT: And talking of Hull, Sky Sports is also claiming that they've turned down a second offer for Jake Livermore from West Brom...

BREAKING NEWS: Sky sources: @HullCity also reject second bid from @WBA for Jake Livermore. #SSNHQ - Sky Sports News HQ (@SkySportsNewsHQ) January 18, 2017

12.31 GMT: West Ham have not had too much success in the transfer window this month -- and they've seemingly had another offer knocked back...

BREAKING NEWS: Sky sources: @HullCity reject £6m bid from @WestHamUtd for Robert Snodgrass. #SSNHQ - Sky Sports News HQ (@SkySportsNewsHQ) January 18, 2017

12.16 GMT: Ravel Morrison has until the end of next week to earn the chance to face former club Manchester United by securing a loan move to Wigan Athletic from Lazio. Sources at the Football Association have confirmed to ESPN FC that Wigan must register Morrison by midday on Jan. 27 for him to be eligible to face United. Story here.

12.02 GMT: AC Milan have announced that midfielder Giacomo Bonaventura has extended his contract with the club until 2020.

Bonaventura has scored two goals in 17 Serie A outings for Milan this season, while he also netted the equaliser in the 1-1 Supercoppa draw with Juventus, scoring again in the ensuing penalty shootout which saw the Rossoneri lift the trophy in Doha.

11.48 GMT: Antoine Griezmann will be a transfer target for Manchester United this summer, Sky Sports claims, but there won't be a move made in the January transfer window.

Earlier this year Griezmann was upset when asked if he could leave Atletico, and said: "I don't like these questions about my future," Griezmann said. "Players like Cristiano [Ronaldo], [Lionel] Messi or [Gareth] Bale are not always asked what is going to happen next year, where they will be, or who they will play for.

"So I don't like that I get asked it. I am happy and enjoying myself at Atletico, I am proud to play for these fans, with these teammates, with this coach. Don't ask me any more about my future."

11.26 GMT: DONE DEAL Montpellier have moved quickly to replace Morgan Sanson by signing Paris Saint-Germain midfielder Jonathan Ikone on loan for the rest of the season.

11.10 GMT: Barcelona midfielder Sergi Samper says he rejected an approach from Arsenal and told Arsene Wenger he wants to succeed at the Catalan club.

Asked why he said no to Wenger, Samper said: "Well, I just left it clear that I wanted to stay, that I wanted to succeed there [at Barcelona], that I was a big cule [Barcelona fan] and what made me happiest was to be able to succeed in the future at Barca."

10.43 GMT: Reported Real Madrid target Alexander Isak has said he is a big fan of La Liga and that Barcelona star Lionel Messi is among his favourite players.

"I like the football in La Liga the most," Isak said. "But if I have to choose something to watch I choose the Premier League, because it always has good games with a lot of swings. You never know who will win. So I would say the Premier League is the most fun to watch, but the football in La Liga is better.

"I like Messi of course, I like Neymar, I like Pogba. I like many players, but they are my three favourites. I loved to watch Ronaldo, the fat one, [Thierry] Henry and Ronaldinho. I liked them a lot."

10.25 GMT: The BBC reports Everton's hopes of signing Ishak Belfodil from Standard Liege could be at an end due to "financial complications."

The 24-year-old striker was set to fly to England to complete the deal and undergo a medical with Ronald Koeman's side last week.

10.02 GMT: DONE DEAL Reading have signed Liverpool defender Tiago Ilori on a contract until 2020.

CONFIRMED | @TiagoIlori4 completes move from @LFC to the Royals on a deal running until 2020! Read more here: https://t.co/Na68HyEWs2 pic.twitter.com/9f5LPnuKNl - Reading FC (@ReadingFC) January 18, 2017

"Tiago is the type of defender a lot of people like -- his technical skill, passing ability, pace, quality and physique. We always want players with those attributes within our squad," Reading manager Jaap Stam told the club's official website.

09.49 GMT: Joey Barton to Arsenal? It almost happened in 2011, the Burnley midfielder has told FourFourTwo magazine.

"No, intermediaries spoke on their behalf," Barton said when asked if he spoke to Arsene Wenger. "There was definitely some low-level interest, and before I got sent off against Arsenal, when the thing with Gervinho happened, I was due to hold some form of discussions with them. But then it never came to be. Would I have liked to have played for Arsenal? Of course. Who wouldn't?"

09.37 GMT: One from last night that is worth revisiting, Joe Hart believes he has played his last game for Manchester City and expects to be sold once his loan spell with Torino concludes at the end of this season, sources have told ESPN FC.

Sources familiar with the England goalkeeper's loan agreement with the Italian club have confirmed that there is no recall clause in his contract, which rules out the prospect of a return to City this month in the wake of a series of unconvincing performances by Claudio Bravo, the Chile international recruited from Barcelona by manager Pep Guardiola in August to replace Hart.

09.23 GMT: Diego Costa and Chelsea have put their differences aside, for now, and the Premier League's joint-top goal scorer is back in training with the league leaders.

However, in the longer-term Antonio Conte might not be so forgiving. The Daily Telegraph reckons Real Madrid striker Alvaro Morata is being lined up for a summer move to Stamford Bridge.

09.10 GMT: Yaya Toure's agent has said the Manchester City midfielder "likes football more than money" amid reports there has been renewed interest from China.

"Yaya wants to play at the highest level," Seluk said. "He's happy at Manchester City. Yaya likes football more than money."

08.52 GMT: Fiorentina's sporting director Pantaleo Corvino has dismissed speculation that Nikola Kalinic is on the verge of joining Chinese club Tianjin Quanjian, managed by Italy legend Fabio Cannavaro, by stressing he will not leave unless his release clause is activated.

"We've not had any offer from China, but everybody knows that he has a release clause and the conditions of it are quite clear," he said. "I don't know what the lad wants to do, though."

08.34 GMT: Leicester City striker Leonardo Ulloa could offer Claudio Ranieri a problem, by handing in a transfer request, according to Sky Sports.

The 30-year-old has 18 months left on his current deal and has only started one Premier League game but with Islam Slimani and Riyad Mahrez at the African Nations Cup with Algeria, Ranieri will want to keep his attacking options open.

08.18 GMT: Tottenham Hotspur want to keep defender Kevin Wimmer despite offers from Cologne and several other clubs in the Premier League and the Bundesliga, agent Mithat Halis has told ESPN FC.

Halis, an agent at the Stars & Friends management company that represents Wimmer, said: "Cologne made an offer. There have been a few offers from the Premier League and the Bundesliga. There is a lot of interest.

"Tottenham do not want to sell. All offers have been turned down and he is staying."

08.03 GMT: Good morning and welcome to Wednesday's Transfer Talk live blog. News that Zlatan Ibrahimovic could stay with Manchester United until he is 37 years old.

That would see Ibrahimovic as a United player for three seasons -- but after bagging 14 goals in his first 20 Premier League games it would take a brave man to bet against him.

PAPER TALK: Lukaku, Alexis and Morata lead Chelsea shortlist

Chelsea are ready to reignite their interest in Romelu Lukaku, claim the Mirror, with the Blues keen on the Everton hitman with Diego Costa's long-term future at the club now in doubt.

Lukaku joined Chelsea from Anderlecht in a £10 million move in 2011, but was never able to break his way into the first team squad.

Since signing for the Toffees, however, the 23-year-old has proved to be one of the Premier League's most reliable strikers -- leading Chelsea to plot a return of their former charge back to Stamford Bridge.

As well as the powerful Belgian, Sanchez and Alvaro Morata are also thought to be under consideration.

United to complete Memphis sale in 48 hours

After Jose Mourinho publicly dismissed Lyon's £13 million offer, the Mirror believes Manchester United will sell Memphis Depay within 48 hours.

The report details how OL will come back with a new-and-improved offer shortly and that this time the Red Devils will cut their losses on the Dutch winger who cost £25m in 2015.

Mourinho is spoiled for choice in attack and after failing to see anything to convince him that the 22-year-old had a future in eight appearances, a divorce seems imminent.

Palace in for Sakho

Sam Allardyce is looking to Liverpool outcast Mamadou Sakho to bolster his defence and avoid the drop, according to the Mail.

The talented French centre-back has been frozen out by Jurgen Klopp, yet the Eagles have shown ambition to join a host of clubs in for the former Paris Saint-Germain captain.

Namely Sevilla and Galatasaray, with the 26-year-old desperate for a move after missing out on any football at all this season.

Marseille line up Cabaye

Yohan Cabaye is the subject of some serious interest from ambitious Marseille, with the Mirror suggesting a £16 million deal could be gathering pace.

The Eagles maestro is not thought to be a key part of Allardyce's plans, which could open the door to a Ligue 1 return.

OM manager Rudi Garcia previously worked with the former Newcastle star at Lille and would be eager to strike up their previous relationship to revive the sleeping French giant.

Tap-ins

- Everton are set to snub AC Milan's loan offer for Gerard Deulofeu, reports the Guardian, though the Toffees are still open to letting the talented Spaniard go.

The former Barcelona starlet is interesting Middlesbrough and Ajax after falling out of favour under Ronald Koeman.

- Versatile Uruguayan defender Martin Caceres will join Trabzonspor on a free transfer, according to Corriere dello Sport.

The former Juventus star has been without a club since his deal with the Old Lady expired last summer, but Turkey appears to be his next destination.