Fenerbahçe will sign German midfielder Mesut Özil from Arsenal for three and a half years for an undisclosed fee, Turkey's private Demirören news agency and other Turkish media reported on Wednesday.

While there was no immediate comment on the reports from Fenerbahçe, broadcaster A Spor said Özil and the club had agreed on the transfer in principle and that the 32-year-old would join the former Turkish champions later in January.

Watford's promotion push gained some more vigor at the advent of the new year, as the club announced the signing of winger Philip Zinckernagel on a free transfer.

New Paris Saint-Germain boss Mauricio Pochettino said on Tuesday that he fulfilled a dream to return and manage the French club he played for and captained during his career as a defender in the early 2000s.

Pochettino had been out of a job since being dismissed by Tottenham Hotspur in November 2019 and took over the reins at PSG after Thomas Tuchel was sacked last month.

Two names dominate the headlines as the January transfer window opens in Italy: Christian Eriksen and Alejandro "Papu" Gomez.

Two of the Serie A's most gifted players are expected to depart their respective clubs, Inter Milan and Atalanta, this month after ending 2020 disgruntled and out of favor.

Three-and-a-half years after leaving Schalke to join Arsenal on a free transfer, Sead Kolasinac is returning to the Veltins-Arena on a six-month loan. 

@seadk6 is back!

Welcome home, Seo! #S04 | #Kolasinac

Javi Gracia's Valencia fell to a 2-1 defeat against Granada on Wednesday, the side's second consecutive loss. 

FULL-TIME pic.twitter.com/iZr8NS9AwP

— Valencia CF (@valenciacf_en) December 30, 2020

The mercurial Mario Balotelli needed just four minutes to get off the mark for new club Monza against Salernitana on Wednesday in Italy's Serie B. 

Balotelli had been without a club since the summer, when his contract with Brescia was terminated as a result of several missed training sessions. Serie B side Monza swept in to offer the forward a deal until the end of the season in early December. Monza is owned by Silvio Berlusconi, who previously owned AC Milan where Balotelli enjoyed some of the strongest spells of his up-and-down career. 

As the year draws to a close, Steven Gerrard's Rangers side is well-placed to end its 10-year run without a Premier League championship.

The Gers sit in first place with a 16-point lead over second-placed Celtic, although the Parkhead side has three games in hand. Rangers' rear guard has deservedly earned plaudits this season, having kept a remarkable 17 clean sheets in 21 games and conceded just five goals. 

A little less than a year ago, the Mal Pugh trade to Sky Blue FC upstaged the 2020 NWSL draft. The USWNT starlet left the Washington Spirit in exchange for four draft picks.

On Tuesday, Pugh was on the move again, this time sent to the Chicago Red Stars along with Sarah Killion Woldmoe for three draft picks and an international player slot. 

Chicago Acquires Mallory Pugh and Sarah Killion Woldmoe from Sky Blue FC