Transfer news LIVE updates: Follow all the latest transfer news.

Friday 12 January

Wenger on Sanchez

10:30: Arsene Wenger has ended his interest in Chelsea defender David Luiz due to his wage demands.

Luiz, 30, was dropped after a row with Antonio Conte over tactics following the 3-0 Champions League defeat at Roma.

Such is the form of his replacement Andreas Christensen, the Blues are ready to let the Luiz go, either on loan or permanently, if they can find a replacement as cover.

But a move to the Gunners won’t happen as Wenger has been put off by Luiz’ demand for a huge salary.

The Brazilian took a paycut when he rejoined Chelsea but is still on £120,000-a-week at Stamford Bridge, something Arsenal aren’t willing to pay.

Wenger on Sanchez

10:00: Arsene Wenger has remained coy on Alexis Sanchez’s future when asked about Manchester United and Manchester City’s interest.

“I cannot say much more about the situation,” Wenger said.

“Nothing is concrete at the moment.

“I don’t want to give you wrong information. Nothing is decided.”

Sam Allardyce confirms Walcott talks

09:41: Sam Allardyce has this morning confirmed that talks are underway for Everton to sign Theo Walcott on a permanent deal.

More to come as we get it...

Mahrez wants Arsenal move

09:40: A reminder of our transfer exclusive that broke yesterday…

We understand Riyad Mahrez is in talks with Liverpool over replacing Philippe Coutinho - but he would prefer to sign for Arsenal instead.

Insiders in Mahrez’s camp have exclusively revealed to Express Sport that terms of a transfer are being discussed with Liverpool chiefs.

That follows the £142million sale of Philippe Coutinho to Barcelona, which was completed this week.

Algerian winger Mahrez, 26, is on the Reds’ wish-list of signings despite the club privately admitting otherwise.

While bringing forward a deal to sign Naby Keita is a priority, Mahrez is an alternative option that is being explored by Liverpool this month as they bid to plan for life without Coutinho.

Sanchez teases Arsenal team-mates

09:35: Alexis Sanchez teased Arsenal team-mates this week by saying "what one" when he was quizzed about his supposed impending move to Manchester, report the Daily Star.

It now looks striker will play a waiting game as both Manchester City and Manchester United want him.

City have already agreed to pay Sanchez £260,000 a week AFTER tax with a £30m signing on fee if he signs in July.

If he signs this month, he will receive a £15m signing-on bonus, with City saying they only want to pay Arsenal £20m - £40m less than they offered last summer.

Hazard on Coutinho

09:16: Chelsea star Eden Hazard is pleased for Philippe Coutinho finally sealing his dream move to Barcelona.

“It’s good for him. It’s bad for the Premier League because he’s one of the best players in the league,” Hazard told Italian newspaper Corriere dello Sport.

“He’s a good guy. We played against each other a couple of times and he’s a fantastic player.

“Ok, he chose to move to Barca, it’s not a bad choice to be fair! 

“I just want him to be one of the best in the world and enjoy what he can do.”

Ronaldo to sign new deal on one condition

08:15: Real Madrid star Cristiano Ronaldo has been heavily linked with a move away from the Bernabeu but reports from Spain claim he could now stay.

Ronaldo is thought to be intent on leaving Real as a consequence of the Spanish authorities made allegations against him regarding failure to pay certain taxes.

Diario Gol claim tax evasion charges mean Ronaldo does want to quit Real this year.

However, they say he could put pen to paper on a contract that includes improved terms.

A salary bump would allow Ronaldo to pay off any fines that are handed to him by the government.

Ronaldo denies the allegations.

Owen’s Mahrez doubt

07:11: Michael Owen has serious doubts over whether Leicester star Riyad Mahrez is the right man to replace Philippe Coutinho at Liverpool and has given two reasons as to why a deal shouldn't take place.

“I was asked this week if I thought Riyad [Mahrez], who has been linked with a move to Anfield, would be the ideal replacement for Coutinho but I couldn’t agree. 

“As good a player as Mahrez is, he might not possess the pace or work ethic that Jurgen Klopp might be looking for and I wonder where he would fit into the starting XI – certainly not instead of the brilliant Mo Salah on the right side of the front three.”

Man Utd’s ambitious Alexis Sanchez bid

06:00: Manchester United have launched an audacious bid to hijack Alexis Sanchez’s move to rivals City – although it appears an uphill battle to convince the Arsenal star to turn his back on Pep Guardiola.

Jose Mourinho’s club reached out yesterday to the Gunners, testing the water over whether they would be willing to accept £25million for the Chile forward.

That is more than the £20m City are believed to be prepared to pay for Sanchez, who can move on a free transfer this summer when his contract with Arsenal expires.

Express Sport understands United have also tabled the possibility of midfielder Henrikh Mkhitaryan moving to the Emirates as a makeweight in the deal as Mourinho looks to offload the Armenian in this transfer window.

And United are hoping their superior offer tempts Arsenal into agreeing to sell him this month.

Liverpool’s Naby Keita talks

05:30: Liverpool are reportedly set to ramp up their efforts to bring Naby Keita to Anfield early.

As things stand, RB Leipzig star Keita will join Liverpool on July 1 after a £58million fee was agreed last summer.

After losing Philippe Coutinho to Barcelona last week, Klopp has made it a priority to bring in a replacement.

As far as Keita is concerned, the German tactician wants to get him in this month so as to aid the Reds with their push for a top-four spot in the second half of the campaign.

And according to the Daily Mail, Liverpool’s sporting director Michael Edwards will hold talks with his opposite number Ralf Rangnick to speed up Keita’s arrival.

Andre Gomes second chance at Barcelona

05:00: Barcelona midfielder Andre Gomes will not be forced out this month because the likes of Juventus and Tottenham have not shown enough interest in him, according to reports.

Gomes has faced accusations that he doesn’t suit their style of play ever since he moved to the Nou Camp from Valencia.

Gomes has been linked with a January switch as Barcelona look to freshen up their squad in the wake of Philippe Coutinho’s arrival.

The latest reports coming out of Spain suggest he will get the chance to earn a reprieve under Ernesto Valverde.

According to Don Balon, the Barcelona boss has been forced by chiefs to take Gomes off his list of available players.