Chelsea are demanding at least £70m before allowing France striker Christopher Nkunku, 27, to join Bayern Munich.

Chelsea are monitoring Manchester United and Argentina winger Alejandro Garnacho, 20, and Borussia Dortmund's English forward Jamie Gittens, 20, as potential transfer targets during the January window.

AC Milan will make a formal approach for Manchester United forward Marcus Rashford, 27, who is set to leave Old Trafford this month.

Fenerbahce have held talks with Aston Villa over a £10m deal for their 31-year-old Brazilian centre-back Diego Carlos.

Borussia Dortmund have identified Brentford's 23-year-old Germany forward Kevin Schade as a potential target.