Transfer news LIVE: Giroud Chelsea announcement, Ozil agrees new Arsenal deal, Aubameyang signs, Mahrez latest

Follow the latest from the final day of the January transfer window

Premier League transfer round-up: Latest deals from the January window

Welcome to our LIVE coverage of the very latest transfer deadline day news and rumours. Arsenal have completed the club-record signing of Pierre-Emerick Aubameyang after getting the green light from Borussia Dortmund to announce the deal, with the striker joining for £56m, and have followed it up by agreeing a new three-and-a-half year contract extension for Mesut Özil that will see him paid £350,000-a-week.

The Gunners have put the 3-1 defeat by Swansea behind them on Wednesday by announcing a new club-record deal, with Olivier Giroud now expected to leave the club. Giroud looks certain to leave Arsenal for Chelsea after Blues agreed an £18m deal with the Gunners to keep him remain in the Premier League. Meanwhile, Dortmund are set to sign Chelsea’s Michy Batshuayi on loan until the end of the season, with the Belgian striker in Dortmund undergoing a medical.

Manchester City will continue their late pursuit of Riyad Mahrez, although Leicester City are believed to have rejected a third offer on Tuesday worth £55m, and have informed the Premier League leaders that it will take a lot more to tempt them into selling as they do not have enough time to find a replacement.

Tottenham will also complete their first bit of business this month after agreeing a deal worth around £28m wit Paris saint-Germain to sign Lucas Moura, with a medical already completed this morning.

Follow the live news below...

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Key Points

• Arsenal sign Pierre-Emerick Aubameyang for £56m
• Mesut Özil agrees new Arsenal deal to become Premier League's highest-paid player
• Michy Batshuayi in Dortmund having medical ahead of loan
• Chelsea agree £18m fee to sign Olivier Giroud with striker likely to leave Arsenal
• Leicester reject third offer of £55m from Manchester City for Riyad Mahrez
• Follow the latest news LIVE!

[31 January 2018 22:10 · Liam Corless]

We're still waiting for confirmation on Eliaquim Mangala's and Islam Slimani's respective moves to Everton and Newcastle.

Those switches are both loan deals and we expect them both to be completed before the 11pm deadline.

Islam Slimani is set to join Newcastle on loan from Leicester 

[31 January 2018 22:17 · Liam Corless]

Proudsville's population won't be increasing tonight.

[31 January 2018 22:22 · Liam Corless]

It doesn't sound like Sam Allardyce is too happy with Ademola Lookman's decision to join RB Leipzig on loan until the end of the season.

Here's what he had to say on the matter after Everton's 2-1 win over Leicester tonight:

"It's one of the most unusual situations I've been in. It was his choice.

"He was adamant he wanted Germany. We tried to persuade him not to. But his stubbornness got him his way."

Ademola Lookman has joined RB Leipzig on loan 

[31 January 2018 22:30 · Liam Corless]

Aleksandar Mitrovic's loan switch to Anderlecht fell through earlier today but it still looks as though the striker could leave St James' Park. 

He is in talks with Fulham over a temporary switch to Craven Cottage, according to Sky Sports.

[31 January 2018 22:35 · Liam Corless]

Claude Puel is hopeful that Riyad Mahrez will regain focus in the second half of the season after he was denied a deadline day move to Manchester City.

“We will see with Riyad - perhaps there is some disappointment - but today we had to focus on the game," the Leicester boss said after tonight's loss to Everton at Goodison Park.

"It's always a difficult situation but I hope Riyad can come back quickly with a smile, happy to play for us." 

[31 January 2018 22:40 · Liam Corless]

Disgraced Liverpool defender Jon Flanagan will join Bolton on loan until the end of the season.

Jon Flanagan is on his way out of Anfield 

[31 January 2018 22:44 · Liam Corless]

Joe Lolley has left Huddersfield Town to join Championship outfit Nottingham Forest for an undisclosed fee.

[31 January 2018 22:52 · Liam Corless]

Liverpool pair Lazar Markovic and Harry Wilson have left the club on loan to join Anderlecht and Hull respectively.

[31 January 2018 22:57 · Liam Corless]

Ibrahim Amadou was desperate to sign for Crystal Palace before tonight's deadline but that deal now looks to be off, with his current club Lille still yet to agree to the transfer.

[31 January 2018 23:01 · Liam Corless]

Not too many interesting developments in the closing seconds of the window. The day's biggest deals all happened a good few hours ago now, with Aubameyang joining Arsenal, Lucas joining Spurs and Giroud joining Chelsea!