CLUBS are preparing for a winter spending spree, with Chelsea hoping to be back in action.

The Blues are hoping to not only overturn their transfer ban but also sign Callum Hudson-Odoi to a new deal – but it is a case of 'what could have been' for Arsenal, having nearly acquired new England superstar Jadon Sancho.

Follow all the latest transfer news and gossip here…

  • ARSENAL could have signed Jadon Sancho, Arsene Wenger has revealed.

    Sancho left Manchester City as a teenager despite being offered a record-breaking £35,000 a week by the club to stay at their academy.

    Instead he went to Borussia Dortmund where he became one of Europe's most sought after players – but ex-Arsenal boss Wenger says his life could have been very different.

    Speaking on beIN Sports: “I wanted to take him from Man City when he didn't get the games.

    “I tried to lure him because he's from London. I tried to get him to Arsenal. He's one of the best players of his generation. He can dribble, he has the arrogance.

    “There's something in there that is part of the big players. You can call it arrogance, confidence, belief; but it has to be there.”

  • MANCHESTER UNITED are set to battle it out with neighbours City for £91m Portuguese whizkid Florentino Luis.

    Old Trafford chiefs sent scouts to watch the Portugal Under-20 star at Benfica.

    The 20-year-old defensive midfielder played 15 games for the Portuguese giants last season after stepping up from the Benfica B team in February.

    He is set to play a key role this season in the Primeira Liga and the Champions League.

    Benfica have a release clause of 100 million euros or £91m for a player they have huge high hopes for.

    Portuguese outlet A Bola reports that members of Ole Gunnar Solskjaer’s backroom staff watched Benfica’s 4-0 win at Braga last Sunday.

  • NABIL FEKIR was linked with almost every club in England but Liverpool, Arsenal and Chelsea emerged as the leading contenders in the summer of 2018.

    Fekir was within a few hours of signing for Liverpool but the deal fell through – and now the then-Lyon star has spoken out about why.

    Stories emerged that the Reds had concerns about his knee and Arsenal and Chelsea appeared to abandon their interest after that reservation too.

    But Fekir has refuted that injury or off-field issues blocked the transfer.

    Fekir told French newspaper L'Equipe: “It’s a lie […] Lots of lies were told and they affected me, especially those told about my family.

    “It hurt them and me, especially when you know that what’s being told is false.

    “You want the truth? Even I don’t know, I promise you!

    “I did my medical and then [Liverpool] decided not to sign me.

    “At some point they wanted to have me believe it was because of my knee, but an excuse needed to be found.”

  • ALAN SHEARER reckons Manchester United have taken a 'huge gamble' in the summer transfer market.

    Writing in his exclusive column for SunSport, Shearer highlighted that United would probably need to rely on Marcus Rashford for goals after failing to replace Romelu Lukaku.

    Both Lukaku and Alexis Sanchez joined Inter Milan over the summer but United did not sign a striker.

    And ex-England forward Shearer reckons it could come back to bite them.

    Shearer wrote: “They have taken a huge gamble by not replacing Lukaku.

    “Going into the season with just Marcus, Martial and Mason Greenwood is very risky and that is a huge burden for those three to carry over a long campaign.”

  • CHELSEA are fighting to cut short their ban on signing players and have reportedly identified Youcef Atal as a target should they succeed.

    The full-back played 29 times as Nice reached seventh in last season's Ligue 1 and is seen at Chelsea as a long-term replacement for Cesar Azpilicueta.

    But according to Calciomercato, Chelsea will face competition from Valencia for Atal's signature.

    They will also have to convince the Court of Arbitration for Sport that they have served their time for flouting FIFA rules on signing young players.

    An appeal to the two-window punishment is still due to be heard and Chelsea hope to have the period halved with Blues bosses telling agents they expect to be active in the January transfer window.

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