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LIVE Transfer Talk: PSG lining up move for Real Madrid's out-of-favour Vinicius

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Real Madrid renaissance is gathering pace (1:52)

After Real Madrid's 4-0 win at Eibar, Shaka Hislop believes they are working their way back to their best. (1:52)

The transfer windows in Europe's top leagues are closed, but it's never too early to look forward to January. Click here to view the latest transfers, and keep up to date with the newest gossip below.

TOP STORY: PSG see Vinicius Jr. as contingency plan

Real Madrid winger Vinicius Jr. has been struggling for regular game time at the Bernabeu this season, and reports at Sport claim that Paris Saint-Germain are interested in adding the youngster to their Brazilian contingent at the club.

PSG sporting director Leonardo is growing increasingly concerned that his side will be unable to keep prized assets Neymar and Kylian Mbappe, who have been linked with moves to Barcelona and Real, respectively, and he is now looking at contingencies should the pair leave the Parc des Princes.

Vinicius Jr. is now reportedly at the top of the list of backup options, with the report saying the former Flamengo man could be tempted to move after being ousted from the Real side by fellow Brazilian Rodrygo.

Dialogue between the two clubs is already open as Real continue with talks regarding the possibility of turning goalkeeper Alphonse Areola's loan move into a permanent switch.

LIVE BLOG

22.37 BST: The Denver Post reports that 18-year-old Colorado Rapids midfielder Cole Bassett will join Arsenal's U23 side for a training stint.

21.40 BST: Roma will attempt to sell Alessandro Florenzi, Diego Perotti and Juan Jesus in January to help raise funds that will then be reinvested in the team, according to Calciomercato.

20.43 BST: Italian transfer guru Gianluca Di Marzio cites Globoesporte as reporting that Shakhtar Donetsk forward Taison would like to leave the club after being the target of racial abuse during a match against Dynamo Kiev, but that the Ukrainian club aren't likely to allow him to leave: "After the incident I first thought that it was time to pack my things up and leave. However, it won't be easy as Shakhtar have already turned down a €30m offer from Milan last summer."

19.46 BST: Nashville SC, set to join Major League Soccer beginning in 2020, announced on Tuesday that they've traded $100,000 in allocation money and a 2021 second-round draft pick to the Chicago Fire in exchange for veteran midfielder and former U.S. international Dax McCarty.

18.49 BST: Calciomercato reports that Napoli are prepared to offer FC Salzburg €40m for 19-year-old striker Erling Haaland, whose goal-scoring exploits have grabbed the football world's attention, but that amount is not expected to tempt the Austrian club to part with their most prized possession.

17.52 BST: Bologna have moved into pole position to sign soon-to-be-out-of-contract LA Galaxy striker Zlatan Ibrahimovic, according to Corriere dello Sport, which states that that 38-year-old is keen to work under longtime friend and Bologna manager Sinisa Mihajlovic.

16.55 GMT: Arsenal midfielder Granit Xhaka has reportedly been house hunting in Milan as he looks for a new club.

According to RSI, Xhaka could be set to move to Serie A after his falling out with the Gunners' fans. Watch this space.

16.02 GMT: Mundo Deportivo says Neymar has not given up on returning to Barcelona.

The PSG forward is clearly still hankering after a move, despite failing to get anywhere this summer, and a possible deal could be back on the cards again in the coming months.

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1:51

Hislop: Neymar has become childish at PSG

Shaka Hislop explains why Dani Alves was right to say Neymar has the "sensibility of a child."

15.15 GMT: Dani Olmo says he wants to "do his talking on the pitch" after failing to force a move from Dinamo Zagreb.

The 21-year-old Barcelona youth product is currently on Spain duty having been called up to the senior squad for the first time. A reported €40m asking price frustrated the playmaker's hopes of a transfer this summer, with clubs in England, Spain and Italy all interested.

"I don't get involved in those things" Olmo said at a press conference in Madrid. "I leave that to my father and my agents. It's up to me to play football and do my talking on the pitch."

14.34 GMT: Real Madrid forward Lucas Vazquez could be a Manchester United player now if things had gone the right way this summer, according to Onda Cero's El Transistor.

Vazquez has a release clause of €150m but United wouldn't have paid anywhere near that.

13.01 GMT: It's amazing what a difference a 3-1 defeat to your title rivals can make. Man City are looking to sign players to replace Vincent Kompany (who left in the summer), David Silva and Sergio Aguero, says the Daily Mail.

There are actually no names on the list in the report, but expect £100m to be spent in the pursuit of greatness.

12.03 GMT: TyC Sports reports that former Barcelona midfielder Javier Mascherano is in line to join Argentinian side Estudiantes in January 2020.

Mascherano, 35, is tied to Chinese Super League side Hebei Fortune until the end of year but the former Argentina international will reportedly break the preliminary agreement he reportedly had with Inter Miami CF to join them in the new year and instead return to play in Argentina.

A youth product of River Plate, Mascherano left Argentina in 2005 and played for Corinthians, West Ham, Liverpool and Barcelona before moving to China in 2018.

11.31 GMT: Real Betis have done well in the transfer window of late and they are ready to send Mexico star Diego Lainez on loan during January transfer window, sources have told ESPN Deportes.

Meanwhile Emerson, who is on loan at Betis from Barcelona, has told Sport that his dream is to make history at Camp Nou. Which is no major surprise given that he's already a player at the club.

10.40 GMT: Former Manchester City captain Vincent Kompany says the club do not need to sign another defender in January to get their Premier League title defence back on track.

Aymeric Laporte suffered a long-term injury, while midfielder Fernandinho has been played as a makeshift central defender alongside John Stones in recent games as City sit fourth.

"I don't think they need to sign another defender," Kompany told Sky Sports. "The best way for City to defend in the past has been to attack. They have no reason to change that. As soon as they start reconnecting with the best performances, I'm convinced that we can see a sustainable amount of wins."

09.47 GMT: Manchester United midfielder Nemanja Matic is unhappy with life at the club now he's barely playing, claims Serbian newspaper Sata24.

Borussia Dortmund, AC Milan, Inter Milan and Juventus are all keen on the Serbia midfielder and he could be available in January.

09.12 GMT: Manchester United are not in the running to sign Zlatan Ibrahimovic in the January transfer window, Sky Sports reports.

Ibrahimovic has spent the past year-and-a-half with the LA Galaxy in Major League Soccer where, despite recently turning 38, he boasts a goal-scoring record of 52 goals in 55 MLS appearances.

The Swedish striker's contract is up at the end of the year and, following the Galaxy's disappointing exit in the Western Conference semifinals to local rivals LAFC last month, there has been speculation that could return to Old Trafford.

However, Sky reports that United are not pursuing their former player, despite forwards Romelu Lukaku and Alexis Sanchez both joining Inter Milan in the summer on permanent and loan deals respectively.

08.41 BST: Arsenal's two top directors have expressed their disappointment with the team's miserable run of form recently but said they still have faith in coach Unai Emery to turn things around, sources told ESPN FC.

Gunners head of football Raul Sanllehi and managing director Vinai Venkatesham met more than 200 colleagues from across the club in a regularly scheduled staff meeting on Monday.

With Arsenal having won just once in their past 10 matches, sources told ESPN FC their eagerly awaited comments proved to be reassuring for Emery while also admitting the current reality at the club, telling staff they were not pleased with recent results but expressed confidence in Emery to right the ship.

The directors said that they are as disappointed as everyone else with both the results and performances at this stage of the season and share the frustration with fans, players and all staff. They added that things need to improve to meet the team's objectives for the season, and firmly believe Emery and his staff are the right people for the job, noting that they are all working intensively behind the scenes to turn things around.

08.00 GMT: Liverpool are in advanced talks over a January move to sign Bournemouth midfielder Ryan Fraser, according to talkSPORT.

The Premier League leaders are willing to pay a fee for the Scotland international in the winter transfer window rather than compete with rival clubs for his signature on a free transfer in the summer, when his contract at the Vitality Stadium expires.

Fraser was linked with several top clubs last season, when he registered 14 assists and scored seven goals in the Premier League. While he has struggled to replicate that form this term, Liverpool are still keen on the 25-year-old, so much so that they are willing to make youngster Harry Wilson's season-long loan at Bournemouth a permanent deal.

Space could be freed up in Liverpool's squad by the departure of Adam Lallana, who is out of contract next summer and has been linked with a move to Major League Soccer.

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1:59

Is this Cristiano Ronaldo's last top-flight season?

Steve Nicol determines whether some of the weekend's hottest takes are overreactions or not.

PAPER TALK (by James Capps)

Juve plot new year fire sale

Serie A leaders Juventus are putting plans in place ahead of a busy January transfer window, with as many as five departures pencilled in by the club's sporting director, Fabio Paratici, according to reports at Calciomercato.

The future of striker Mario Mandzukic is expected to be resolved at the turn of the year, with Manchester United still believed to be interested in the Croatian, while third-choice goalkeeper Mattia Perin is set to leave Turin and has been linked with a move to Benfica in recent weeks.

Midfielder Emre Can has been linked with a return to the Premier League and a January transfer to PSG is potentially in the offing, according to reports, while a number of loans for fringe players such as Marko Pjaca are believed to be on the agenda.

-- When does the transfer window reopen?
-- All major completed transfer deals

Tap-ins

-- The form of stand-in goalkeeper Roberto is proving to be a major cause for concern at West Ham, and reports in the Daily Star claim that the Londoners are lining up a move for a new stopper in January as they look to fill the void left by the long-term injury of Lukasz Fabianski.

-- Calciomercato claims Chelsea are keeping tabs on PSV Eindhoven youngster Mohamed Ihattaren, and Frank Lampard's side will reportedly make a move for the 17-year-old Dutchman if their FIFA transfer ban is lifted in time for the January transfer window.

-- Franck Kessie's future at AC Milan is looking increasingly uncertain after the Ivorian was an unused substitute in his side's 1-0 defeat to Juventus on Sunday, and L'Équipe claims the midfielder could be set for a move to Premier League side Wolverhampton Wanderers in the new year.

-- With just 18 months remaining on his contract, Luis Suarez is considering his future at Barcelona, and Calciomercato claims the Uruguayan is interested in a move to MLS, with LA Galaxy and New York City FC his preferred destinations. The 32-year-old's Nou Camp deal expires in the summer of 2021.