Football clubs are gearing up for more action in the transfer market as the season draws nearer to the opening of the January window.

Chelsea are thinking about offering Paulo Ferreira plus money for Valencia player Miguel. Both players play for Portugal and Ferreira has hardly featured for Chelsea this season. Miguel has also become disillusioned with life at the Mestalla since negotiations for an improved contract with Valencia have continually stalled. The 27 year-old is aware of interest coming from English scouts after Chelsea sent some across to watch him play and he has cited an interest in moving to England.

Rangers are one of several clubs monitoring South Korean international Kim Jung-woo. The midfielder starred at the Asian Cup in July and is seeking a fresh challenge after spending the last seasons with Nagoya Grampus Eight. The 25 year-old recently admitted to Junichi Sports that he is thinking of leaving but wants to leave on high note and to impress people in his final home match against Yokohama FC. The other sides watching him include Anderlecht, Seongnam Ilhwa Chunma and Ulsan Hyundai.

As you may be aware already Manchester United are watching Sporting Lisbon’s Miguel Veloso and Sporting’s boss, Paulo Bento is expecting the player to leave in the New Year for a ‘dream’ move to Manchester United. The English League holders have been watching a couple of Sporting’s talented young stars this season, with Joao Moutinho also in the frame. Manchester United have previously plucked young gems from the Portuguese team such as Cristiano Ronaldo and Nani. Although Sir Alex Ferguson is the favourite to bring Veloso to Manchester United there is interest still shown from Real Madrid and Internazionale.

Argentine playmaker Juan Roman Riquelme has agreed to join Boca Juniors, with whom he spent last season with. The player had fallen out with Villarreal boss Manuel Pellegrini, the main reason why he went out on loan last year, and since returning to Spain has not featured for the side. The deal is supposed to worth around €9m according to sources close to the Argentine club. Riquelme was also attracting interest from Italian giants Inter.

With the mounting pressure being piled onto Liverpool’s Rafa Benitez reports are suggesting that Liverpool could face a player exodus should he go. Fellow Spaniards Xabi Alonso, Fernando Torres, Alvaro Arbeloa and Pepe Reina could well consider their options, with Alonso already being linked with a move to Atlectico Madrid in January and Torres only joining Liverpool in the summer to work under Benitez.

Leading the exodus though could be Argentine midfielder Javier Mascherano. A £17m deal is in place for Liverpool to sign him in January having already negotiated a deal with the player’s owner Kia Joorabchian. Should Mascherano leave Anfield favoured destinations include River Plate, Barcelona and Juventus.