Transfer news round-up: Liverpool enter Alvaro Morata race; PSG plan €60m Eden Hazard bid; Borussia Dortmund want Serge Gnabry

The day's biggest transfer stories all in one place as Liverpool and Arsenal steal the headlines

Real Madrid striker Alvaro Morata could be on his way to Arsenal after reports suggested the clubs have agreed a six-month loan deal (GETTY IMAGES)

Liverpool manager Brendan Rodgers is hoping to steal a march on Arsenal's approach for Real Madrid striker Alvaro Morata despite the La Liga side maintaining there is no deal to be done.

Morata told Minuto 116: "Real Madrid have been my team since I was little and will be all my life, but I think the important thing is to have a relevant role in the team.

Ligue 1 leaders Paris Saint Germain are confident they will be able to ensnare Chelsea's Belgian winger Eden Hazard next summer with a €60m offer.

Borussia Dortmund are looking into the possibility of making a summer move for Arsenal's young midfielder Serge Gnabry. The Bundesliga side are already considering their options after Robert Lewandowski signed a pre-contract agreement with champions Bayern Munich.

David Moyes has made a unexpected move for Juventus star Claudio Marchisio as Manchester United continue in their search for an anchoring central midfielder to halt their mid-season slump.

Tottenham Hotspur and England striker Jermain Defoe is set to sign a lucrative contract with MLS side Toronto FC after finding his options limited at White Hart Lane. According to The Telegraph, Defoe will sign a deal worth £90,000-a-week while the transfer fee is likely to be in excess of £6m.

Borussia Dortmund remain confident that Manchester United will fail in any bid to sign İlkay Gündoğan and hope the German international will sign a new deal in the coming weeks.

Premier League rivals Arsenal and Liverpool are set to go head-to-head over a deal for Anderlecht's defender Cheikhou Kouyate after the player's agent revealed talks are progressing well.

Arsene Wenger has also sounded out a move for Auxerre striker Paul-Georges Ntep after injuries forced his hand in the January transfer window.

Montpellier attacking midfielder Remy Cabella has admitted that a move to Newcastle United could prove too tempting as the Magpies look to add to their squad.

Premier League duo Cardiff City and West Ham United are interested in signing Sporting Lisbon's Algerian striker Islam Slimani, according to reports.

Reports that Hull City are on the verge of sealing a £5m deal for West Brom striker Shane Long appear wide off the mark as the Tigers are yet to register their interest in the Republic of Ireland international.

Tony Pulis is chasing players who will roll their sleeves up and work hard for Crystal Palace in this month's winter transfer window as he bids to mastermind Premier League survival.

Swansea chairman Huw Jenkins has described reports the club are close to signing Blackpool winger Tom Ince as “pure speculation”.

Brentford have secured the month-long loan signing of Arsenal's England Under-19 star Chuba Akpom, and don't let his sullen demeanour fool you - the forward says he's 'buzzing' to be a Bee.