Good morning and welcome to MSN Sport's live Transfer Deadline Day blog. I will be here right up until tonight's 11pm deadline to bring you all the latest deals and rumours as they happen. January's deadline proved to be a bit of a disappointment but today promises to be a blockbuster. Manchester United, Arsenal and QPR to name just three will almost definitely strengthen in some department today while there could be big incoming names to the Premier League such as Radamel Falcao. Here we go!
City are restricted due to financial fair play rules but hope to ship out some players including Alvaro Negredo, Micah Richards and Scott Sinclair today to free up funds. Negredo is expected to complete a deal with Valencia while both Fiorentina and West Ham are linked with Richards. Watch this space.
How about Man Utd? They are also linked with a shock Falcao swoop while the Arturo Vidal rumours refuse to go away. Daley Blind has still not completed his move yet while United fans will also be hoping for an update on the Marcos Rojo situation. It promises to be a busy day at Old Trafford with a number of players also expected to leave.
Sky Sports reporting that any rumours of an £8 million deal between Everton and Stoke for centre-back Ryan Shawcross are wide of the mark.
Anyway, this is no fun without input from you! How are you spending Deadline Day? Who do you want your club to sign? Hit 'Comment' at the top of this page and give us your thoughts.
Bit of extra insight on the Loic Remy to Chelsea deal. Reports surfaced that Arsenal tried to hijack the bid and the Mirror claim that instead of meeting the Frenchman's release clause, they instead offered Joel Campbell as part of a player-plus-cash deal, but QPR weren't interested. Could that mean the Costa Rican is available after all?
Crystal Palace are closing in on a new left back. They were interested in QPR's Armand Traore but he seems to be staying put so the Eagles are close to tying up a deal for Tottenham's Zeki Fryers.
It would appear Micah Richards is heading to Fiorentina. BBC reporting City are also ready to listen to offers for Scott Sinclair, John Guidetti and Matija Nastasic.
Interestingly Manchester United are now the bookies favourites to sign Radamel Falcao, odds on ahead of rivals Manchester City. A deal to Old Trafford could be on the cards if Danny Welbeck leaves today.
This is from Ladbrokes man Alex Donohue. Could Manchester United stage a late raid for Falcao?
Who should your club sign? Have your say by simply hitting the 'comment' tab at the top of this page.
BREAKING: Sky reporting Atletico Madrid defender Toby Alderweireld is having talks with Southampton over a season-long loan deal.
News in from our man Chris McKenna.
Manchester City defender Micah Richards is heading to Florence today to complete a loan move to Serie A side Fiorentina. Richards is out of contract at the Etihad Stadium next summer but if Fiorentina make the deal permanent they will have to pay a fee similar to the deal that saw Gareth Barry sign for Everton this summer.
AC Milan and Chelsea news. The Italian side have just confirmed a loan deal for midfielder Marco van Ginkel while fellow loanee Fernando Torres has broken AC Milan medical records with his impressive fitness levels!
Interesting, Varkko. He has struggled at big clubs previously, failing to make an impact at both Man City and Chelsea. But then again, so did Daniel Sturridge!
Transfer window closes in 13 hours. It's been quite a slow start to the day but so many deals are bubbling under. How are you spending your deadline day? Hit 'comment' at the top of this page and let us know!
Word in from top bookies at Ladbrokes - they are close to suspending betting on Falcao to Man Utd - been a big rush of money it seems.
More news coming out of Merseyside from Chris McKenna.
He's heard that Sunderland are closing in on a loan deal for Liverpool defender Sebastian Coates. However, Black Cats move for Fabio Borini remains stalled. Liverpool have yet to receive a bid for Lucas Leiva but he is ready to leave.
Nukai and fellow Liverpool fans - Do you think Valdes would become first choice if he were to sign?
Latest rumour from Daily Mail... Jay Rodriguez and Andros Townsend could be swapping clubs between Tottenham and Southampton. Which club would be happier with that deal?
So it would seem Falcao could really be about to join Manchester United. Thoughts United fans? Is this the player you need? Hit 'comment' and let us know.