Transfer news LIVE: Liverpool ‘monitor Eduardo Camavinga’, Newcastle’s late spree and Dusan Vlahovic update

Manchester City have emerged as favourites to sign River Plate and Argentina striker Julian Alvarez.

Several reports over the weekend stated that City lead the way in the chase for the 21-year-old, who was the top scorer in Argentina last season.

It is believed that Alvarez has a £16 million release clause but City are his preferred option, ahead of Real Madrid and Barcelona.

Mitchel Bakker has become the latest player to be linked with a move to Newcastle. The Metro report that Newcastle would like to make the Bayer Leverkusen left-back their third signing of the window and a £14.5 million fee has been mention. Newcastle also continue to be linked with defenders James Tarkowski and Diego Carlos.

Manchester United interim boss Ralf Rangnick has confirmed that talks are ongoing with clubs over deals for some of the fringe players in his squad.

Jesse Lingard and Donny van de Beek are among those to be linked with exits after a lack of game time so far this season.

“I know which players would want to leave,” Rangnick said after his side’s late 1-0 win over West Ham. “I know that there are some negotiations with clubs but I am not involved in that but I will probably be posted and made aware if something is happening. We will all have to wait and see what happens.”

Aston Villa have emerged as contenders for Juventus midfielder Rodrigo Bentancur. The Uruguay international has made 12 Serie A appearances so far this season while Juventus are also set to approve the departure of Arthur Melo, who has been linked with Arsenal. Sky Sports report that Juventus value Bentancur at £16m as Steven Gerrard looks to add to his midfield options.

Meanwhile, Mikel Arteta has said Arsenal are planning on adding to their squad before the end of the window but admitted it is a “complicated” and “difficult” process.

Speaking after the 0-0 home draw with Burnley, Arteta said on the prospect on new signings: “It’s what we planned, but the market is difficult, it’s complicated.

“We knew that, but it’s a lot to manage and we have to make the right decisions with players that we believe are going to really help us and try to bring in ones that can take us to the next level.

“We are certainly trying, but I don’t know if we’re going to be able to do it. Let’s see, it’s not only our intention, but a lot of facts that are needed to happen.”

Renato Sanches has said he is “ready” to move away from Lille and has named Arsenal and AC Milan as the clubs that he would be interested in signing for.

The 24-year-old rejected a new contract offer with the French side after helping them to win Ligue 1 last season and has signalled that his time at the club is up.

“Maybe Milan and Arsenal are interested but I don’t know. I spoke with my agent, I know which clubs are calling me but I can’t say right now.

“But I know I’m ready. If an offer comes in, I’ll find out what’s best for me.”

Arsenal have agreed terms with Juventus midfielder Arthur Melo, report 90min.

The midfielder is eager to leave Turin this January, but the Old Lady do not want to agree to a loan deal.

The Gunners would pay the Brazilian’s wages in full until the summer, thought to be around €168k per week, while the future of Aston Villa target Rodrigo Bentancur could also impact Arthur’s future, with only one likely to leave this month.

Liverpool are monitoring Fulham star Fabio Carvalho as Premier League clubs battle to sign the 19-year-old, according to Fabrizio Romano.

Carvalho has scored eight goals for the Championship leaders so far this campaign and is out of contract at the end of the season.

The Mail report that West Ham and Leeds United are also interested in signing the forward next summer.

Arsenal are pushing to improve their central midfield options before the end of the transfer window and have reportedly agreed terms with Juventus over a loan deal for Arthur Melo.

That’s according to 90min, who report that Arsenal are just waiting for confirmation from Juventus - who are happy for Arthur to leave but would prefer a long-term deal.

The Brazilian midfielder, who joined the club from Barcelona, is out of favour in Turin.

Meanwhile, Newcastle may look to approach Tottenham over signing Dele Alli if they are unsuccessful in their pursuit of Manchester United’s Jesse Lingard.

That’s according to the Mirror, who report that Newcastle would be open to signing Dele on a permanent or loan deal.

The former England international was left out of the squad to face Chelsea on Sunday while United have been so far reluctant to listen to offers for Lingard, who is out of contract next summer.

That is despite Newcastle’s approaches, who saw a bid to take Lingard on loan rejected by United last week.