Memphis Depay was given permission by Barcelona to train with Atletico Madrid on Thursday as the teams negotiate a transfer.

Netherlands international Depay has struggled for playing time at Barca under Xavi and his contract ends at the end of the season.

Widespread reports this week suggested Atleti are prepared to pay an initial €3million for Depay, potentially rising to €4m with add-ons.

While a deal has yet to be struck between the clubs, Atleti have confirmed talks are at an advanced stage, with Depay now training alongside his soon-to-be team-mates.

"Memphis, with permission from Barcelona, trained for the first time in Majadahonda while both clubs close their transfer," Atleti posted on their official Twitter page.

Depay joined Barcelona on a free transfer from Lyon ahead of the 2021-22 season, linking up again with Ronald Koeman, for whom he had played for with the Netherlands.

But Koeman was fired by the Blaugrana in October 2021 and his successor Xavi never appeared to have the same trust in the former Manchester United and PSV attacker.

Depay's first 11 LaLiga appearances were all as a starter, but after Xavi's appointment only nine of his next 17 top-flight outings came from the start.

He is set to become fourth-placed Atletico's first signing of a January window that has so far seen Joao Felix leave for Chelsea on loan and Matheus Cunha join Wolves.

Should the deal go through in time, Depay could make his debut against Real Valladolid on Saturday.

Manchester City have topped the Deloitte Football Money League for the second year running, with 11 of the world's 20 highest-earning clubs coming from the Premier League.

Reigning English champions City last year became just the fourth club ever to top the list, which examines the top-performing football clubs in terms of revenue every year.

City remained the world's highest revenue-generating club in the 2021-22 campaign – the first season in which fans returned to stadiums as coronavirus restrictions were eased.

They made £619.1million (€731m) over that period to finish ahead of LaLiga giants Real Madrid (€713.8m), while Liverpool climbed from seventh to their highest position of third after making £594.3m (€701.7m).

Fellow English clubs Manchester United (fourth), Chelsea (eighth), Tottenham (ninth) and Arsenal (10th) also make the top 10, with West Ham (15th), Leicester City (17th), Leeds United (18th), Everton (19th) and Newcastle United (20th) in the top 20.

It marks the first time in the report's 26 years that a single country has provided more than half of the rich list.

"The Premier League was the only one of the big five European leagues to experience an increase in its media rights value during its most recent rights sale process," said Tim Bridge, the lead partner in Deloitte's Sports Business Group.

"It continues to appeal to millions of global followers and its member clubs have a greater revenue advantage over international rivals."

Paris Saint-Germain (fifth), Bayern Munich (sixth), Barcelona (seventh), Juventus (11th), Atletico Madrid (12th), Borussia Dortmund (13th), Inter (14th) and Milan (16th) make up the rest of the top 20.

In the women's game, Barcelona generated the highest revenue (€7.7m) after winning the Champions League in 2021 and reaching the final last year.

Memphis Depay has been linked with a move away from Barcelona, having had a frustrating 2022-23 season.

The Dutchman has only made a handful of appearances for the Blaugrana, following an off-season of busy transfer activity at Camp Nou.

Depay had been linked with several clubs, including Premier League outfits Manchester United, Arsenal, Newcastle United and Tottenham.

TOP STORY – MEMPHIS TO EXIT BARCELONA FOR ATLETICO

Depay will leave Barcelona to join Atletico Madrid with an agreement reached on a fee of approximately €3-4million, reports Fabrizio Romano.

The Dutch forward is set to travel to Madrid to complete the formalities and medicals soon.

According to Romano, the 28-year-old will sign a two-and-a-half-year deal with Atleti.

ROUND-UP

– Fabrizio Romano claims Borussia Monchengladbach goalkeeper Yann Sommer will undergo medical tests with Bayern Munich on Thursday, before signing his contract with the Bavarians with the deal done between the clubs.

– Sky Sport Italia claims Roma are willing to sell Nicolo Zaniolo in January at the right price, approximately €40m, as the likes of Tottenham, Arsenal, West Ham United  and Borussia Dortmund circle.

– Real Madrid are interested in Manchester United's Alejandro Garnacho but the Red Devils have made an improved contract offer for the Argentinian, reports The Independent.

– Arsenal are happy to wait until the end of the season to pursue West Ham's Declan Rice, after missing out on Mykhaylo Mudryk, claims The Sun.

– Tottenham have made a first bid for Sporting right-back Pedro Porro, which included a player plus guaranteed money, but the Portuguese club have turned this down, according to Fabrizio Romano. Sporting want €45m (£39m) with talks ongoing.

– Chris Wood is on the cusp of joining Nottingham Forest on loan from Newcastle United, reports The Athletic. The deal would include an option to make the move permanent.

– West Ham tabled an offer for Aston Villa forward Danny Ings, reports The Telegraph.

Memphis Depay will find happiness at Atletico Madrid and be welcomed with open arms, according to Alvaro Morata.

The Spain striker's 54th-minute strike and Marcos Llorente's cool late finish saw Diego Simeone's side into the Copa del Rey quarter-finals with a 2-0 victory at Levante on Wednesday.

Atleti were somewhat uninspiring for large parts against second-tier Levante, though, not registering a shot on target until Morata swept into the bottom-left corner.

Simeone has sought to ease some of those attacking struggles with the imminent arrival of Depay, who will reportedly join from Barcelona on a five-and-a-half-year deal.

Morata looks forward to linking up with Depay, who Atleti are reportedly paying just €4million for, as Simeone's side battle for a place in LaLiga's top four.

He told TVE: "Depay is a top player. Welcome; Atletico is a place where you will surely be happy. We look forward to welcome with open arms anyone who comes to help."

Atleti were fortunate to be level at the break at Levante after an underwhelming first-half performance, but Morata says the result is all that mattered as Simeone's men chase a first Copa del Rey triumph since 2013.

"Levante have shown that they are a great team, they have played a good game," he continued. 

"Any game is difficult in this competition, especially away from home. What we do is work. Sometimes things don't go as we would like, but the important thing is that we are in the next round."

Atletico are fourth in LaLiga, ahead of Villarreal and Real Betis on goal difference, and Depay could make his debut at home to Real Valladolid on Saturday.

Atletico Madrid were far from their best but progressed to the Copa del Rey quarter-finals after Marcos Llorente scored one and assisted another in a 2-0 victory at Levante.

Diego Simeone's side have won just one of their last six LaLiga games and their recent struggles were evident despite victory over second-tier Levante on Wednesday.

Atletico's first shot on target in the 54th minute through Morata opened the scoring after Llorente's cross before the midfielder sealed progression with a calm stoppage-time finish.

The LaLiga side await the identity of their next opponents in Friday's last-eight draw as they aim for a first Copa del Rey crown since 2013.

Alex Munoz finished into an empty net when Jan Oblak fumbled after 25 minutes, yet the goalkeeper's blushes were spared as a free-kick was awarded for Mohamed Bouldini's heavy aerial challenge.

Bouldini arrowed a fizzing left-footed effort narrowly over soon after as an underwhelming Atletico failed to impose themselves on a first half devoid of quality.

However, a touch of class after the restart brought the opener as Antoine Griezmann danced through the middle before finding Marcos Llorente, who rolled across for Morata to finish into the bottom-left corner.

Oblak intervened at a crucial moment when Bouldini appeared positioned to net an equaliser, before a sweeping counter-attack at the other end ensured victory for Atletico.

Griezmann orchestrated the break from inside his own half before Nahuel Molina played in Llorente, who slotted a right-footed finish past Joan Femenias.

What does it mean? Atleti's silverware hopes rely on Copa del Rey

Out of Europe after finishing bottom of Champions League Group B and 13 points adrift of LaLiga leaders Barcelona, Atletico's quest for silverware relies solely on the Copa del Rey.

Simeone's side are yet to face a top-flight side in this competition, although they have battled past Almazan, Arenteiro, Real Oviedo and Levante with relative ease.

However, with Real Madrid and Barcelona – who face Ceuta and Villarreal respectively on Thursday – still in the competition, Atletico will have to improve to lift their first Copa del Rey in 10 years.

De Paul controls the game

Atletico were not especially impressive but maintained control with the help of Rodrigo De Paul.

The Argentina midfielder, appearing in his first game since lifting the World Cup in Qatar, enjoyed the most touches (97) and most successful passes (70) of any player while winning all of his five duels.

Livewire Bouldini blunted

Bouldini was a constant livewire up top as he acted as a nuisance for Atletico's centre-back partnership of Mario Hermoso and Stefan Savic.

The Levante forward attempted four shots and contested a remarkable 21 duels – both marks the most of any player – though his hard-working ethic did not make up for his or Levante's lack of quality in front of goal.

What's next?

Atletico return to LaLiga action at home to Real Valladolid on Saturday.

Yannick Carrasco's agent has revealed talks are under way over a deal that could see the Atletico Madrid winger join Barcelona and Memphis Depay move in the other direction.

Depay is expected to leave Camp Nou this month and the forward would reportedly favour a move to LaLiga rivals Atleti.

The arrival of Robert Lewandowski at Barca has left the Netherlands international among the substitutes for the majority of this season.

Pini Zahavi, Carrasco's representative, says there have been negotiations over a potential swap deal involving the Belgium winger and Depay. 

He told Het Nieuwsblad: "We are talking. Yannick likes the idea, he is a good player."

However, Zahavi knows the talks may come to nothing

He added: "The plan is to change Yannick for Depay. There is still nothing concrete, I don't know if it can work, but negotiations are under way."

Atleti have already allowed Joao Felix to join Chelsea on loan for the rest of the season during the transfer window, while Matheus Cunha made the switch to Wolves.

Diego Simeone was left to rue two dropped points in Sunday's 1-1 draw with Almeria, but backed his Atletico Madrid players to soon regain their goalscoring touch.

Atleti took the lead at Estadio Mediterraneo through Angel Correa's 18th-minute strike, only for El Bilal Toure to level up before half-time and earn the mid-table hosts a point.

Los Colchoneros' return of 28 points after 17 LaLiga games is their worst tally at this stage since 2011-12 (20 points) – also the last time they failed to finish in the top four.

Simeone's side failed to convert three further Opta-defined big chances, with substitute Alvaro Morata missing two of those and Correa the other.

Having scored more than once in a single game just three times in their past nine league outings, Simeone accepts that area of the game is letting his side down.

"We have to understand that the only way to find the goal is what happened in the first 25 minutes here," Simeone told reporters.

"We had chances and those who came on helped us, but their keeper had a brilliant game. Therefore, come the end of the game, we have the feeling of having lost two points.

"We have to keep working and keep looking to play the way we are doing. The goals will come. They often come in waves.

"We were not so fortunate in front of goal today, but we did get shots on goal. They will end up coming later."

Atleti, who had substitute Sergio Reguilon sent off late on for two yellow cards, are fourth in LaLiga – as close to Girona in 11th as they are Real Sociedad in third in terms of points.

Simeone's side have now had a player sent off in each of their past three LaLiga matches for the first time in just under 13 years.

It capped another frustrating day for inconsistent Atleti as they finished with an expected goals (xG) return of 1.17 compared to Almeria's 0.42.

"It is true that when goals are not scored it is difficult to win," Atletico defender Mario Hermoso told Movistar. "We've done well in our last two matches in terms of chances.

"Football can be this way, and as long as we have opportunities then goals will materialise. When that happens we'll enjoy ourselves a lot more."

Atleti, who have now won just one of their past six league games, switch focus to Copa del Rey action on Wednesday with a last-16 tie against Levante.

Atletico Madrid failed to make up any significant ground on LaLiga's top three as their struggles continued with a 1-1 draw at Almeria.

Diego Simeone's side have often struggled in this part of Andalusia and so that proved again on Sunday, despite Angel Correa's 18th-minute opener.

Atleti would have been two in front if not for Geoffrey Kondogbia, who got a touch to Marcos Llorente's goal-bound effort for the strike to be ruled out for offside.

El Bilal Toure headed in soon after and Almeria saw out a draw that leaves fourth-placed Atleti, who had Sergio Reguilon sent off late on, 13 points adrift of leaders Barcelona.

Atleti took the lead after Antoine Griezmann dummied Kondogbia's pass for Correa to collect and tuck through the legs of Fernando Martinez.

Llorente's shot 14 minutes later appeared to be heading for the net without the need for any intervention, but Kondogbia turned it in from an offside position.

Kondogbia's misjudgement proved costly in the 37th minute when Toure powered a diving header past Jan Oblak after meeting Lucas Robertone's right-sided cross.

Correa and Alvaro Morata should have done better with efforts that were kept out by Martinez, with the latter also heading wide from a glorious position.

Atleti substitute Reguilon was sent off in the closing stages after receiving two yellow cards in the space of four minutes, as Atleti's disappointing run of form stretched to just one win in six league matches.

Premier League leaders Arsenal appear destined to miss out on their long-term target Mykhaylo Mudryk.

The Gunners had reportedly made several bids for the Shakhtar Donetsk winger, but he now seems set to join Chelsea after they began talks on a fee with the Ukrainian club.

As a result, Arsenal will need to turn their attention elsewhere during the January transfer window to bolster their squad.

TOP STORY – GUNNERS SWITCH ATTENTION TO BARCELONA'S RAPHINHA

Arsenal have turned to Barcelona's Brazilian winger Raphinha having missed out on Mudryk, claims Sportitalia.

The former Leeds United winger only joined Barcelona in July on a five-year contract, but has made only 12 starts from 22 overall appearances for the Blaugrana.

The Gunners hope that Raphinha would be a suitable candidate to return to England, given his previous Premier League experience.

ROUND-UP

– Fabrizio Romano claims Mykhaylo Mudryk will be at Stamford Bridge for Chelsea's game with Crystal Palace on Sunday after medical tests, having signed pre-contracts on a move to the Blues from Shakhtar Donetsk, warding off Arsenal's interest.

– Chelsea have also lodged a €30million (£26.5m) offer for PSV winger Noni Madueke, according to ESPN. The 20-year-old England youth international moved to the Eredivisie from Tottenham in 2018.

– Crystal Palace are set to launch a new bid to sign Conor Gallagher from Chelsea, claims The Sun on Sunday. Gallagher enjoyed a bright loan spell at Selhurst Park last season and has fallen down the pecking order at Stamford Bridge.

– Memphis Depay will exit Barcelona in January, according to Fabrizio Romano. Talks are ongoing with Atletico Madrid, whom the Dutchman is open to joining.

– Tottenham are readying a £20m (€22.5m) move for Bayer Leverkusen's Ecuadorian defender Piero Hincapie, reports The Sun on Sunday.

– Football Insider has suggested that Liverpool midfielder Naby Keita will leave the club on a free transfer when his contract expires at the end of this season.

Tottenham and Newcastle United are both keeping a close eye on forward Nicolo Zaniolo despite a mediocre stretch of form with Roma.

The 23-year-old has 11 Italy caps to his name, but he has struggled to show his quality this season.

From 13 Serie A appearances this term, including 12 starts, Zaniolo has only scored one goal with zero assists, after a 2021-22 season where he contributed only two goals in 28 league games.

Despite his disappointing goal tally, Zaniolo is reportedly demanding a significant pay increase to re-sign in Italy's capital, forcing Roma into a difficult decision.

TOP STORY – PREMIER LEAGUE CLUBS CIRCLE FOR ZANIOLO

According to Calciomercato, Tottenham head coach Antonio Conte is a fan of Zaniolo, while the "increasingly ambitious" Newcastle are "waiting for new developments".

For Tottenham, their top priority remains retaining the services of Conte, and that could mean taking a leap of faith to secure one of his targets.

The report states the most recent negotiations between Roma and Zaniolo's agents ended with no progress, and with 18 months remaining on his contract, his transfer value will likely not get any higher than it is right now.

ROUND-UP

– The Times is reporting Newcastle also have strong interest in 25-year-old Wolves midfielder Ruben Neves.

– According to Caught Offside, Chelsea could sign 25-year-old Borussia Monchengladbach striker Marcus Thuram for €10million this month as his contract expires at the end of the season.

– Tottenham, Barcelona and Borussia Dortmund are among the teams scouting impressive 18-year-old Oscar Gloukh from Maccabi Tel Aviv, who could be purchased for €9m, per The Sun.

– The Daily Mail is reporting 29-year-old Liverpool midfielder Alex Oxlade-Chamberlain could leave the club this month, with six months remaining on his contract.

– Liverpool are trying to convince 26-year-old Fiorentina midfielder and Morocco standout Sofyan Amrabat to head to Anfield, but he prefers Atletico Madrid, per The Mirror.

Former Arsenal forward Pierre-Emerick Aubameyang only returned to London in September to join Chelsea, but his time at Stamford Bridge could soon be up.

The Gabon international has scored three goals in 16 games but has only started four times in the Premier League under Blues boss Graham Potter.

Chelsea have been active in the January transfer window, already bringing in Joao Felix, Andrey Santos, Benoit Badiashile and David Datro Fofana.

TOP STORY – AUBA COULD EXIT CHELSEA FOR BARCELONA RETURN

Pierre-Emerick Aubameyang is eager to leave Chelsea and wants to return to Barcelona, reports Spanish newspaper Sport.

Aubameyang reportedly had interest from Atletico Madrid too, but FIFA rules state a player can only be registered for a maximum of three clubs in a season, but only play for two.

Any move for the Gabon international, who played for the Blaugrana earlier this season, could hinge on Atletico's interest in Barca's Memphis Depay. 

ROUND-UP

– Atletico Madrid are weighing up a move for Leicester City's Turkish defender Caglar Soyuncu, reports Italian journalist Matteo Moretto. Wolves are pushing to sign Brazilian centre-back Felipe from the Spanish club, according to the Daily Mail.

– Southampton full-back Kyle Walker-Peters has interest from Manchester United and Chelsea, reports Talksport.

– The Sun reports Manchester United are also interested in World Cup stars Goncalo Ramos and Mohammed Kudus from Benfica and Ajax respectively.

– Foot Mercato reports Fiorentina's Moroccan midfielder Sofyan Amrabat would prefer to join Atletico Madrid instead of Liverpool or Tottenham. Fiorentina appear set to sell him for more than €50million after impressing at the World Cup.

– The Daily Mail says Marseille could receive a bid from Aston Villa for ex-Arsenal midfielder Matteo Guendouzi. New Villa boss Unai Emery worked with Guendouzi at Emirates Stadium.

– Leeds United have agreed a deal that could be worth up to £35.5million (€40m) to sign Hoffenheim forward Georginio Rutter, claims Sky in Germany.

Xavi is not anticipating any transfer activity at Barcelona this window, despite ongoing speculation surrounding Pierre-Emerick Aubameyang and Memphis Depay.

The LaLiga leaders have been busy in the past two transfer windows in particular as they attempt to reshape their squad under legendary former player Xavi.

Reports on Wednesday suggested Barca were looking to re-sign Aubameyang on a free transfer, just four months after selling him to Chelsea for a reported €12million (£10.6m) fee.

That would then reportedly pave the way for Depay – used just four times this season – to find a new club, with top-flight rivals Atletico Madrid supposedly interested in the forward.

However, asked about those rumours at a press conference ahead of Barca's Supercopa de Espana semi-final with Real Betis, Xavi said: "We are happy with the squad.

"We don't know anything. We will have to see what happens. I've told the board I'll be happy if the squad remains as it is."

Barca are three points clear of reigning champions Real Madrid after winning 13, drawing two and losing just one of their 16 league matches this season.

The Catalan giants are in Saudi Arabia ahead of Thursday's showdown with Betis, while Madrid or Valencia await in next weekend's final should they advance.

Xavi is said to have held talks with director Mateu Alemany regarding possible transfer targets during their time in Riyadh, but the Barca boss denied that is the case.

"We haven't had a meeting," he told reporters. "We don't know anything [about the transfer speculation]. I have told Mateu if he does not add to the squad, I'm still happy.

"There is no news that I know of and I have not seen Mateu nor the president [Joan Laporta], at least not to speak about this. If there is any news they will let me know."

Former Brazil, Atletico Madrid and Inter defender Joao Miranda has announced his retirement from football at the age of 38.

Miranda won LaLiga, the Copa del Rey, Supercopa de Espana, Europa League and European Super Cup with Atletico, as well as reaching the Champions League final.

After four seasons with the Spanish side, Miranda moved to Inter in June 2015 and spent four years at San Siro without winning any major honours.

The centre-back then spent a short period with Jiangsu Suning prior to returning to Brazil with former side Sao Paulo, where he concluded his playing career.

He won 58 caps for Brazil at international level and was a member of their Confederations Cup and Copa America-winning squads in 2009 and 2019 respectively.

Miranada, who started his playing career with Coritiba in 2004 and also spent a year in France with Sochaux, confirmed his retirement on Twitter on Wednesday.

"The moment has arrived," he said. "To everyone who cheered for me, my most special thanks. Thanks a lot, football!"

Miranda, who headed the winning goal for Atletico against Real Madrid in the 2012-13 Copa del Rey final, added in an interview with Marca: "I'm proud of my career. 

"I'm missing only a Champions League. That's the most beautiful thing I could have given an Atletico fan, but I think I've done everything to win and I think it was a nice story.

"But even that year we achieved something very big, which was to win LaLiga and a week later it was like a prize to be playing in the Champions League final. 

"I think it was a top year and it was a shame that Real Madrid was up against us, who had been resting for two weeks and played a very good final. 

"If it came to be against a team with the same wear and tear as us, surely we could have won."

Chelsea have completed the loan signing of Joao Felix from Atletico Madrid.

The 23-year-old forward joins the Blues until the end of the season for a reported loan fee of €11million (£9.7m).

There has been no official disclosure from either Chelsea or Atleti over whether a purchase option has been included, though Joao Felix has extended his contract with the Spanish side until 2027.

Joao Felix had been strongly linked with a move to Premier League rivals Arsenal and Manchester United, but it is Chelsea who have made their move, looking to recover what has been a disappointing campaign at Stamford Bridge so far.

Graham Potter has struggled since replacing Thomas Tuchel as head coach in September, with Chelsea languishing in 10th place in the league as well as being eliminated from both the EFL Cup and FA Cup by Manchester City, losing 4-0 at the Etihad Stadium on Sunday.

Joao Felix becomes Chelsea's fourth addition of the January transfer window, following David Datro Fofana, Andrey Santos and Benoit Badiashile.

The Portugal international has struggled for consistency since his nine-figure move to Atletico from Benfica in 2019, though has managed five goals and three assists in 20 games (11 starts) this season for his club.

After reported disagreements with head coach Diego Simeone though, Joao Felix now has the chance to help rescue Chelsea's season in England.

"Chelsea is one of the great teams in the world and I hope to help the team reach their objectives, so I am very, very happy to be here and very excited to play at Stamford Bridge," said Joao Felix.

Real Madrid have reportedly made Tottenham's Harry Kane their top priority up forward after failed pursuits of Kylian Mbappe and Erling Haaland.

Kane, 29, is a three-time Premier League Golden Boot winner, and is showing no signs of slowing down, with his 15 goals in 18 league games this season trailing only Manchester City's Haaland (21 in 16 appearances).

He is only 10 league goals away from tying Wayne Rooney for the second-most in Premier League history, while he is also tied with Rooney for England's all-time record and is one goal away from tying Jimmy Greaves as Tottenham's all-time leader.

With his individual legacy in England already secured, Kane is said to be ready to take the next step in his career and join a team capable of competing consistently for trophies.

TOP STORY – MADRID SET THEIR SIGHTS ON ENGLAND'S NUMBER NINE

According to Todofichajes, Kane is now Madrid's favourite option for a new marquee striker, and the belief is that he does not plan on extending his contract with Tottenham beyond 2024.

With 18 months remaining on his contract and still yet to turn 30, Kane's transfer value will likely never be higher than it is right now, but a mid-season sale while also trying to convince Antonio Conte to remain long-term appears out of the question.

If Kane does not indicate that he will sign a new deal, Tottenham will be forced to sell him at the end of the season, or risk forgoing a transfer fee in the range of €100million and letting him walk for free.

ROUND-UP

– Mediafoot is reporting Arsenal are contemplating a move for out-of-favour 32-year-old Real Madrid winger Eden Hazard. 

– According to 90min, Chelsea have joined Tottenham in the hunt for 23-year-old Sporting right-back Pedro Porro, but also have reservations about meeting his €45m release clause.

– Real Madrid have identified 22-year-old Alphonso Davies from Bayern Munich and Benfica 27-year-old Alejandro Grimaldo as their top options to replace left-back Ferland Mendy, per Fichajes.

– SportItalia is reporting Atletico Madrid view 28-year-old Barcelona winger Memphis Depay as a potential replacement for Joao Felix, who will spend the rest of the season on loan at Chelsea.

– Everton and Nottingham Forest are both interested in a loan deal for 25-year-old Villarreal winger Arnaut Danjuma, per Sky Sports.