Chelsea have splashed the cash this month and could break the Premier League record by landing Enzo Fernandez before the transfer window closes on Tuesday.
The Blues have already spent big to bring Mykhailo Mudryk to Stamford Bridge, while Noni Madueke, Joao Felix and Benoit Badiashile are among their other recruits.
Fernandez could follow from Benfica on what promises to be a busy deadline day as clubs across Europe scramble to get late deals done.
It remains to be seen if Arsenal can tempt Brighton and Hove Albion to part with Moises Caicedo.
Joao Cancelo looks set to swap Manchester City for Bayern Munich on loan and Paris Saint-Germain could finally seal a deal for long-time target Milan Skriniar along with Hakim Ziyech.
Stats Perform has picked out the standout transfers that could go through before the deadline.
BLUES TO SHOW THE COLOUR OF THEIR MONEY FOR WORLD-CUP WINNER?
Fernandez emerged as a target for Chelsea following his influential displays for Argentina during their World Cup triumph in Qatar.
The London club have wasted no time in building a new-look squad since a Todd Boehly-led consortium completed a takeover and Graham Potter arrived as head coach.
They have already made huge statements this month, none more so than snaring winger Mudryk from under the noses of Premier League leaders Arsenal.
Chelsea are working on trying to secure the services of Fernandez for a reported fee of £105.5million (€120m), which would break the Premier League record of £100m City paid Aston Villa for Jack Grealish.
CAICEDO A NO-GO?
Arsenal have already raided Brighton to bring wantaway winger Leonadro Trossard to the capital.
The Gunners have failed with big-money offers for centre midfielder Caicedo, who last week made it clear he wants to join the Premier League leaders.
Arsenal are said to be ready to test the Seagulls' resolve again on deadline-day with a third bid of £75m, but Brighton want to keep him for the rest of the season.
If they do not get an offer they cannot refuse, Arsenal could turn to Leicester City's Youri Tielemans or Chelsea's Jorginho.
CANCELO BAYERN-BOUND
Eyebrows were raised on Monday when it came to light that Bayern are poised to bring Cancelo to the Bundesliga from City.
The Portugal full-back Cancelo has fallen out of favour at the Etihad Stadium, having reportedly had a bust-up with Pep Guardiola.
A loan deal would be great business for Bayern as they hunt more trophies and this one is expected to go through.
PSG'S SKRINIAR PERSISTENCE COULD PAY OFF, ZIYECH TO FOLLOW?
While Bayern's move for Cancelo has come late in the window, Skriniar has long since been a target for PSG.
The Inter centre-back is only under contract at the end of the season and with the Serie A giants unable to tie him to a deal, it has been seemingly only a matter of time before he moves on.
PSG should finally get their man before the window closes, with the defender having already confirmed he has agreed terms with the Ligue 1 champions. Chelsea winger Ziyech could also be on his way to the French capital.
Rumour Has It: Real Madrid plot sensational swoop for Chelsea's Reece James
Chelsea have underwhelmed this season and may look to offload players to ensure they meet financial fair play requirements, but could Reece James really leave Stamford Bridge?
The Blues have spent big money over the past 10 months since Todd Boehly took over ownership from Roman Abramovich.
Enzo Fernandez, Wesley Fofana, Mykhailo Mudryk, Marc Cucurella, Raheem Sterling, Benoit Badiashile, Kalidou Koulibaly, Noni Madueke and Malo Gusto were all signed in lucrative moves.
TOP STORY – MADRID CONSIDER SHOCK MOVE FOR CHELSEA'S JAMES
Real Madrid are plotting a shock swoop to sign Chelsea full-back Reece James as the Blues plan a clean-out, claims AS.
James, 23, is contracted with the Blues until 2028, making any deal complicated, but Los Blancos are reportedly hoping Chelsea's need to balance the books can work in their favour.
Madrid previously landed Thibaut Courtois and Eden Hazard from Chelsea, albeit in different circumstances with both only having shorter terms remaining on their contracts.
AS claims Borussia Dortmund midfielder Jude Bellingham remains Real's priority signing.
ROUND-UP
– The Evening Standard claims Arsenal are making West Ham midfielder Declan Rice a transfer priority, amid plenty of interest from Premier League clubs. Rice is expected to leave the Hammers at the end of this season, with Chelsea, Manchester City and Manchester United also reportedly in the hunt.
– Manchester United are keeping an eye on Eintracht Frankfurt's Randal Kolo Muani and Atalanta's Rasmus Hojlund should their advances for Tottenham's Harry Kane fail, claims the Manchester Evening News.
– Fiorentina midfielder Sofyan Amrabat is eager for a move to Barcelona, claims Footmercato. The Blaugrana had interest in the Moroccan during the last transfer window.
– Manchester City and Paris Saint-Germain have lodged initial bids for 16-year-old Hajduk Split defender Luka Vuskovic, according to 90min.
– Footmercato reports Khvicha Kvaratskhelia is set to sign a new five-year contract with Napoli, having been linked with PSG recently.
– El Chiringuito claims Manchester City are eyeing a move for ex-Spain boss Luis Enrique amid talk Pep Guardiola could opt for a sabbatical at the end of the season.
I hope Klopp never, never leaves Liverpool, says Reds legend Dudek
Liverpool legend Jerzy Dudek hopes Jurgen Klopp "never" leaves the club despite a difficult season bringing his future into question.
The Reds have struggled for consistency this term and have a fight on their hands just to finish in the top four as they sit seven points behind Tottenham in the final Champions League spot.
There were signs of improvement at the start of March when Liverpool beat Wolves 2-0 before claiming an astonishing and record-breaking 7-0 win over bitter rivals Manchester United.
But that was followed up by a shock 1-0 loss to struggling Bournemouth, and then Real Madrid confirmed their Champions League elimination with another 1-0 defeat, which contributed to a 6-2 aggregate scoreline.
Last season, Liverpool reached the Champions League final, won an EFL Cup and FA Cup double, and finished just a point behind Premier League champions Manchester City – this term will end trophyless, and their worst form has coincided with questions over Klopp's long-term future.
Dudek seemingly feels Liverpool should be doing everything they can to keep him.
"I hope it will never, never happen that Jurgen will leave our club," Dudek told Stats Perform.
"I think he receives fair support. I think the team needs the support, especially when they're not playing well.
"This is much easier, criticising the team, when they're not playing well. I think they need the time to recover."
Liverpool have been particularly impacted by injuries to key players this season, robbing Klopp of the possibility to consistently pick his strongest XI.
As such, Dudek is convinced this season is just a blip, and Klopp will be the one to lead them back into the light.
"I think this team will be back next season, definitely. And, yes, definitely with Jurgen Klopp."
The Reds are back in action on Saturday when they face champions Manchester City at Etihad Stadium.
Van Dijk can keep Haaland quiet, says Keane
Liverpool centre-back Virgil van Dijk remains a "world-class player" who is as capable as anyone of keeping Manchester City striker Erling Haaland quiet.
That is according to former Reds striker Robbie Keane, who also told Stats Perform talk of Jurgen Klopp departing Anfield is "absolutely ludicrous".
Van Dijk's form for club and country has been the subject of much debate, with Netherlands greats Marco van Basten and Ruud Gullit heavily criticising the defender this week.
On the back of the Netherlands' 4-0 loss to France, Van Basten accused Van Dijk of "making noise but not saying anything" and creating chaos in the side.
Fellow former Netherlands international Gullit, speaking alongside Van Basten in his punditry role with Ziggo Sport, said Van Dijk "thinks he is better than the rest".
Experienced defender Van Dijk faces arguably the toughest challenge in world football this weekend when Liverpool travel to City on their return to Premier League action.
Haaland, who is expected to be fit despite pulling out of Norway's squad, has scored 42 goals at club level this season – 11 more than any player across Europe's major leagues.
But Keane believes Van Dijk is more than able to keep the prolific striker quiet in Saturday's contest at the Etihad Stadium.
"The number of goals Haaland has scored is incredible for such a young player," Keane said. "He's certainly suited to this league and he's powerfully strong.
"When you're playing a team like Man City, who create the chances they do, you know as a striker you've always got a chance to score goals.
"But then you have someone like Van Dijk, who is a world-class player. If there's anybody that can keep [Haaland] quiet, it's certainly him."
Liverpool have won just one of their past 13 Premier League away games against City, with that solitary victory coming in November 2015 when winning 4-1.
The Reds were beaten by Bournemouth last time out in the league and will finish the campaign trophyless following Champions League elimination at the hands of Real Madrid.
Klopp has been asked numerous times about his future in what has been a poor campaign for Liverpool, but Keane does not expect him to go anywhere at the end of the season.
"If I'm being totally honest, I think it's absolutely ridiculous people are even questioning Jurgen Klopp, if he should leave this club or not, absolutely no way," he said.
"The only person I think should get to decide that is Jurgen Klopp after what he's done for this football club. It's not going to happen. No way. The fans love him.
"I know the owners love him being here, so it would be absolutely ludicrous for people to suggest that he would leave."
Liverpool have taken 12 points from 13 Premier League away games this season, compared to 30 at home – the biggest difference (18 points) between any side in the division.
They are running out of time to climb into the top four, but Keane is confident Klopp is the right man to rebuild the squad regardless of what happens over the next two months.
"The team, like any other team, goes through bad spells and that seems to be happening this year," added Keane, who spent one season with Liverpool in 2008-09.
"Jurgen Klopp, he's very good at rebuilding. So I'm sure he'd be trying to get into the top four the season with 10 games still to go.
"He won't be resting. We know what he's like, the character he is. We hope to get into the top four and then I'm sure he already has one eye on next year and ready to go again."
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