Barcelona are favourites to sign Benfica striker Luka Jovic, who is on loan at Eintracht Frankfurt. Real Madrid, Chelsea and Bayern Munich are also interested in the 21-year-old Serb.

Chelsea and Nigeria wing-back Victor Moses, 28, is set to complete a loan move to Fenerbahce until the end of the season

Monaco are in talks with Chelsea over a deal for Belgium striker Michy Batshuayi, 25. The player's agent has flown out to France to discuss a potential move.

Atletico Madrid have joined the race to sign Chelsea and Spain striker Alvaro Morata, 26, on loan. Morata has been linked with a move to Sevilla.

Chelsea are interested in £45m-rated Cagliari midfielder Nicolo Barella, but could face competition from Napoli and Inter Milan for the 21-year-old, who is thought to be reluctant to leave Serie A during the transfer window.