The summer transfer window may be over but the rumour mill is omnipresent. Despite domestic leagues and European competitions in full flow there are lot to speculate if we are to anticipate the ‘fast approaching’ January transfer market.

We bring you a roundup of all the latest transfer stories including Manchester United’s mega transfer plans to bring back a fan favourite while Arsenal are plotting a move for a Real Madrid midfielder. Meanwhile is it time for a long serving Chelsea player to leave Stamford Bridge

Manchester United’s mega transfer plan to sign Cristiano Ronaldo:

We had reported yesterday that Real Madrid President Florentino Perez could sell superstar Cristiano Ronaldo in the next summer transfer window as he attemptes to sign Eden Hazard from Chelsea. Spanish media outlet Fichajes, which unfortunately doesn’t have a good reputation are trying to cash in the story.

They claim that Manchester United are preparing a record €125m to reign their former player and the Red Devils are also willing to offer the Portuguese a pay-cheque of €20m per season. French side Paris St Germain are also interested in the player and the French side could offer €150m for the services of the current Ballon D’Or holder.

The news has been also reported by Metro and the Daily Star but it apparently conveys more of a fiction than a real offer being tabled.

Isco set for Real Madrid stay despite Arsenal rumours:

The Daily Star reports that Spanish midfielder Isco is set to stay at Real Madrid despite being linked with Arsenal over the past few months.

The 23 year old who has started five La Liga matches under new manager Rafa Benitez believes that he stands a high chance to get selected in the Spanish national team if he stays at the Bernabeu outfit. The Gunners thus will have to wait until next summer if they are to really sign the twinkle toed midfielder.

Is John Terry’s career at Chelsea over

The Mirror reports that Chelsea captain John Terry is a target for several Chinese clubs and also Turkish giants Fenerbache. The 34 year old who is no longer a guaranteed starter for the Blues will be a free agent at the end of the 2015-16 season.

The reports states that Terry got a huge reception when he went on an ambassadorial tour of Guangzhou last summer will have a lot of offers from several Chinese clubs if he does decide to leave the London side. Will the former England captain follow in the footsteps of former team mates Nicolas Anelka and Didier Drogba to play in the Asian country

Manchester United will allow Victor Valdes to leave: 

The Mirror reports that Manchester United will allow goalkeeper Victor Valdes to leave the club but on one condition- the Spaniard won’t be allowed to join a Premier League rival.

Both Chelsea are Liverpool are interested in the former Barcelona man but United will only allow the 33 year old leave on a free transfer if he joins an overseas club. Valdes has been frozen out by red Devisl manager Louis van Gaal after refusing to play a reserve game last season.

Valdes was set to join Turkish side Besiktas in the summer but his move fell through. Since then he has been further humiliated as he has been asked to stay away from the Carrington training complex when the first team players are present.