Arsenal is preparing to offload several players to generate funds for new signings during the upcoming transfer period. Reports indicate that the club is looking to move midfielder Martín Zubimendi, striker Viktor Gyökeres, and Mikel Merino to help balance its financial books. All three players have struggled to secure consistent playing time this season, making their departures a logical step for the Gunners.

Atlético Madrid has emerged as a primary suitor for Zubimendi, according to Diario Sport. The Spanish club has maintained a strong relationship with Arsenal, and their interest in the 27-year-old extends back to his previous tenure at Real Sociedad. AS also reported that both Gyökeres and Merino could depart the Emirates Stadium to support the club's financial restructuring.

In a separate development, Barcelona has made an inquiry regarding Bayern Munich center back Jonathan Tah, as reported by Sky Sports Deutschland. The Blaugrana are focusing on the 30-year-old German international ahead of the January window. Sporting director Deco is seeking an experienced defender who can provide stability and leadership alongside young teammate Pau Cubarsí.

However, a move seems unlikely in the short term. Bayern Munich has little interest in letting Tah leave, as he remains a key component of their tactical plans. Additionally, the defender holds a contract that runs until 2029 and is not currently considering a transfer.

Manchester United and Tottenham Hotspur are both showing interest in Real Sociedad striker Orri Óskarsson, according to Calciomercato. The 22-year-old Icelandic international has impressed this season with 14 goals and six assists across LaLiga and the Europa League. United is interested due to the injury absence of Benjamin Šeško, while Spurs are seeking a striker who fits Roberto De Zerbi's playing style. Everton, Brentford, and Sunderland are also monitoring the situation, with any serious offer expected to exceed 20 million euros.

Goalkeeping options are also in focus, with Liverpool and Real Madrid adding Brighton and Hove Albion goalkeeper Bart Verbruggen to their watchlists. The 24-year-old Dutch international is seen as a potential long-term successor to Alisson Becker at Anfield and Thibaut Courtois at the Bernabéu. Chelsea and Manchester United are long-term admirers, while Bayern Munich has also tracked his progress after previous inquiries.

Juventus is actively searching for a striker to sign in January, with Alexander Sørloth, Folarin Balogun, and Mateo Retegui among the targets. Sørloth, currently at Atlético Madrid, is considered a favorite due to the club's long-term interest. The Italian giants are also exploring the signing of Marseille midfielder Pierre-Emile Højbjerg and may look at defenders Rayan Aït-Nouri or Nicolás Tagliafico if Juan Cabal departs.

Other notable rumors include Chelsea seeking to extend Levi Colwill's contract amid interest from Barcelona, and Juventus defender Andrea Cambiaso attracting attention from Manchester United and Liverpool. Manchester United is also exploring a move for Espanyol defender Omar El Hilali, while Bayern Munich looks for an experienced backup goalkeeper, with Oliver Baumann, Bernd Leno, and Loris Karius in the mix.

In Italy, AC Milan plans to sign a center back, a right back, and a striker in January. Internazionale has opened contract extension talks with Marcus Thuram, though his first offer was rejected, and aims to extend Hakan Çalhanoğlu's deal by the end of the year. Meanwhile, RB Leipzig would require a fee of around 80 million euros to release winger Antonio Nusa in the summer, and Leroy Sané's potential exit from Galatasaray in January remains a possibility if a suitable offer is made.

Eric Maxim Choupo-Moting is set to leave the New York Red Bulls as a free agent at the end of the year, with a return to the German Bundesliga an option. Coventry City midfielder Jack Rudoni has drawn interest from Everton and Leeds United, while the City Football Group and Strasbourg are scouting Fredrikstad and USYNT attacker Gabriel Wesseh. These movements highlight the continued activity across European football as clubs prepare for the next phase of the season.