BIRMINGHAM City's £2m bid for Kevin Kuranyi has been turned down by Schalke, who have valued the Germany forward at twice that sum.
Carson Yeung, the new Birmingham owner, has said that he will give Alex McLeish up to £40m to spend this month, but the manager is determined not to pay over the odds.
Kuranyi, who started his career at Stuttgart, has scored 19 goals in 52 matches for his country.
Tottenham Hotspur were in fresh talks to sign Inter Milan midfielder Sandro last night.
They failed in an attempt to sign the former Brazil U-20 captain in the summer.
Sergio Aguero has said that he is committed to Atletico Madrid, despite interest from Chelsea.
The attacking midfield player's wage demands, of in excess of £100,000 a week net, prevented him agreeing a move to Stamford Bridge in the summer.
Hull City have expressed an interested in taking Felipe Caicedo on loan from Manchester City.
The forward has not scored in seven matches on loan at Sporting Lisbon and may return to Manchester.
David Healy has asked to leave Sunderland after failing to start a league match since he joined the club from Fulham 18 months ago.
The Northern Ireland forward has not scored in three league and two League Cup appearances as a substitute this season.
"The time has come for me to look at other options if I am only going to get 10 minutes here and there at Sunderland," Healy said.
Ruud van Nistelrooy has been given permission to negotiate a transfer by Real Madrid.
The former Holland forward, who has had problems with a knee injury, attracted interest from Tottenham in the summer.
Derby County have signed Bristol city midfielder Lee Johnson on a month's loan.
Millwall have completed the permanent signing of Wolves defender Darren Ward, who was on loan.
Manchester City manager Roberto Mancini has said that it would be difficult to sign any of the top players from Italy.
He has been linked with Giorgio Chiellini, the Juventus centre-back, Mario Balotelli, Inter Milan forward, and Gennaro Gattuso, the AC Milan midfield player.
"Chiellini is the key to Juve's defence, so it seems a bit difficult they would let him go," Mancini said.
"The same goes for Balotelli and Gattuso."
Arsene Wenger has ruled out trying to sign Marouane Chamakh, who is out of contract at the end of the season, this month.
The Arsenal manager had an offer for the Morocco striker turned down by Bordeaux in the summer.