The main saga of the window is the battle to sign Arsenal star Alexis Sanchez. Manchester United are expected to sign him, but Arsenal want £10m plus Henrikh Mkhitaryan.
Arsenal are also readying a huge offer of £35million plus Olivier Giroud for Dortmund striker Pierre-Emerick Aubameyang, and there could yet be more action at the Emirates with the Gunners battling Tottenham for Malcom.
Elsewhere, Chelsea were hoping to complete an shock move for West Ham striker Andy Carroll, having already completed a £15m deal for Ross Barkley, but Chelsea have since been linked with a stunning move for Peter Crouch.
Stay tuned for all of the transfer news, rumours and gossip from the Premier League right here.
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When is the winter transfer window open around the world?
|Argentina||January 8 to February 7|
|Australia||January 3 to January 31|
|Austria||January 7 to February 6|
|Belgium||January 1 to January 31|
|Brazil||January 10 to April 2|
|China||January 1 to February 28|
|Colombia||December 11 to February 9|
|Denmark||January 5 to January 31|
|England||January 1 to January 31|
|France||January 1 to January 31|
|Germany||January 1 to January 31|
|Italy||January 3 to January 31|
|Mexico||January 1 to January 31|
|Netherlands||January 3 to January 31|
|Northern Ireland||January 1 to January 31|
|Norway||January 8 to March 31|
|Poland||February 1 to February 28|
|Portugal||January 3 to February 2|
|Republic of Ireland||December 1 to February 22|
|Russia||January 23 to February 22|
|Scotland||January 1 to January 31|
|Spain||January 1 to January 31|
|Sweden||January 8 to March 31|
|Switzerland||January 16 to February 15|
|Ukraine||January 31 to March 2|
|USA||February 7 to May 1|
|Wales||January 1 to January 31|