Transfer news LIVE: Arsenal target Martin Odegaard, Man United eye Gabriel Veron, Spurs want Jesse Lingard

While it seems Martin Odegaard is certain to leave Real Madrid before the end of the month, it appears Arsenal are in danger of missing out on the talented playmaker, who is said to favour a return to Real Sociedad.

Odegaard spent last season in San Sebastian and enjoyed his time at the club, with La Ser reporting that he is “edging closer to a return and the possibility of a buy option is being negotiated”.

West Ham have made a loan offer for Cagliari striker Giovanni Simeone, according to Sky Italia.

The Hammers are reportedly willing to pay €1m to secure the 25-year-old for the rest of the season, with an option to buy included.

But Simeone, son of Atletico Madrid manager Diego, is said to be "unconvinced" by the offer.

Barcelona presidential candidates Toni Frexia, Victor Fonte and Juan Laporta have all but confirmed that Manchester City defender Eric Garcia will not be signed this month.

The 20-year-old defender is out of contract in the summer and has been heavily linked with a move to the Blaugrana.

But Barcelona's presidential candidates have held discussions with manager Ronald Koeman and reached a decision.

“It was a cordial conversation with Ronald Koeman to talk about the situation of the team but without him asking us to make this signing. It’s something that will be decided next Tuesday in a meeting with the Management Commission to sign him at the end of the season, which is when he [Garcia] arrives free," Frexia told Mundo Deportivo.

Laporta added: “There’s been talk of the possibility of signing Eric now paying money. It’s is not viable and we know that City want money. I’m of the position that if he finishes a contract and is interested, he’s signed."

Fonte, meanwhile, said: “The Management Board wants to close the signing so that at the end of the season he comes. If the operation is done, I’ve asked for a last attempt in case with little money we can meet the coach’s needs, although it’s almost impossible.”

Wolves are hopeful that Real Sociedad striker Willian Jose will join the club in the next few hours, according to Diario Vasco.

Negotiations are reportedly in their final stages as Wolves look to secure a replacement for the injured Raul Jimenez.

Jose will sign on loan, with an obligation to buy for €25m.

Mikel Arteta has rejected claims Folarin Balogun is set to leave the club.

Football Insider reported last week that the 19-year-old striker, whose Arsenal deal expires in the summer, had agreed a pre-contract with RB Leipzig.

Asked whether those claims were true, Arteta said: "As far as I know no.

"If anything regarding his contractual situation with the club, I just want to convince him he has a future with the club. Not sending the opposite message.

“Before he wasn’t training with the first team. We changed that. He’s showing a real hunger and desire to be with us.

“We’re trying to get something done because we want him to stay. We have to go step by step. I think he’s made some big steps in the last few months where he wasn’t even training and then he had a few good games for us. So the steps are there and we want to try to keep him.”

Inter are open to a possible loan swap that would see Christian Eriksen join Arsenal and Lucas Torreira move to Italy, according to Tuttosport.

Torreira is currently at Atletico Madrid but has been on the periphery of Diego Simeone's first-team, leading to suggestions that he could be sent elsewhere for the second half of the season.

Inter are believed to be interested, while Arsenal remain in the market for an attacking midfielder, with Eriksen a potential option.

Manchester City are on the verge of completing a deal to sign NK Olimpija youngster Enrik Ostrc, according to Tutto Mercato.

The 18-year-old will reportedly sign a four-and-a-half year contract and will join the Premier League club for a fee of €3m.

Ostrc will, according to the report, have a medical today before the transfer is announced.

AC Milan defender Andrea Conti has joined Parma on loan with an obligation to buy.