Chelsea and Manchester United have been told they will have to pay £20m if they want to sign Real Madrid defender Raphael Varane, 21. (Daily Express) 

Liverpool are set to pay Lille £3m to bring striker Divock Origi back to Anfield this month. The 19-year-old Belgium international is currently on a season-long loan at the French club from Brendan Rodgers's side.(Liverpool Echo) 

Manchester City manager Manuel Pellegrini wants to sign Schalke midfielder Julian Draxler, although the German side want £25m for the 21-year-old. (Daily Star) 

Liverpool midfielder Steven Gerrard, 34, has turned down an offer worth £18m to play in Qatar when he leaves the Reds at the end of the season. (Sun, subscription required) 

Barcelona midfielder Sergio Busquets, 26, is set to disappoint Arsenal, Chelsea and Manchester United by signing a new deal with the Spanish side. (Daily Star) 

Tottenham are prepared to sell goalkeeper Hugo Lloris, 28, for £25m. (Sun, subscription required) 

Queens Park Rangers manager Harry Redknapp says his club "need a miracle" if they are to sign a striker in the January transfer window. (Talksport) 

Sheffield Wednesday goalkeeper Keiren Westwood, 30, has dismissed reports linking him with a move to Liverpool and has said he is happy at the Championship club. (Sheffield Star) 

Cardiff City have decided to not sign Chelsea forward Islam Feruz on loan. The 19-year-old had been scheduled to talk to Bluebirds boss Russell Slade on Monday. (Wales Online) 

OTHER GOSSIP

Ex-England boss Glenn Hoddle is a candidate for the vacant manager's job at Newcastle United. (Newcastle Chronicle) 

Oldham Athletic may sign striker Ched Evans, despite the club's manager Lee Johnson not wanting the deal to go ahead. Evans, 26, was released from prison in October after serving half of a five-year sentence following his conviction for rape. (Independent) 

Major League Soccer commissioner Don Garber has accused Manchester City of an "error in judgement" after they extended 36-year-old midfielder Frank Lampard's loan until the end of the season. It meant his move to MLS side New York City will be delayed.(Guardian) 

The Newcastle United Supporters Trust has written to the Football Association and the Premier League questioning the role and future of club owner Mike Ashley. (Daily Telegraph) 

Aston Villa manager Paul Lambert has warned the fans who booed him during their FA Cup win over Blackpool that it will not help the team's performances. (Daily Mirror) 

Birmingham City players have expressed their satisfaction at beating Blyth Spartans 3-2 in the third round of the FA Cup after accusing the Northern Premier League side of being "disrespectful". (Birmingham Evening Mail) 

Former Liverpool winger John Barnes has dismissed the notion that his side lost the 1988 FA Cup final because they were intimidated by Wimbledon. The Reds face AFC Wimbledon in the third round of the FA Cup on Monday evening. (Daily Telegraph) 

The Professional Footballers Association are trying to end "initiation ceremonies", which include players having to sing in front of their team-mates when joining a new club. (Daily Mail) 

BEST OF SOCIAL MEDIA

Manchester United midfielder Michael Carrick posts a picture on WhoSay of him with Stone Roses lead singer Ian Brown. Carrick wrote:  "Nice surprise bumping into Ian Brown on a morning stroll."

Arsenal forward Theo Walcott is relieved to be back in the Gunners starting line-up. On 4 January 2014 he was carried off on a stretcher and had only played for 51 minutes since then, before starting Sunday's FA Cup game against Hull. He wrote on Twitter:  "One year today since injury - felt great to play 75 minutes and as always a huge thanks for the support."

Chelsea striker Didier Drogba posted a picture on Instagram  of the ripped shirt that he had to change during his side's FA Cup win against Watford on Sunday.

AND FINALLY...

Netherlands international midfielder Demy de Zeeuw, 31, has posted an advert on business social networking site LinkedIn in an attempt to find a club. He was released by Belgian side Anderlecht in the summer. (Metro)