There has not much news for Arsenal in the January transfer window so far. The only completed transfers have seen 18 year old Ryo Miyaichi join the London club from his school in Japan, and Havard Nordtveit join Borussia Mönchengladbach for a fee of around £800,000. In addition, a few loan deals for reserve team and academy players have also gone through.

Arsenal are looking to beat off competition from Manchester United and Liverpool to sign Southampton youngster Alex Oxlade-Chamberlain.

Although Arsenal are said to be ready to offer £5 million for the 17 year old, it seems that Southampton are holding out for a deal worth around £8-10 million (slightly more than we paid for Theo Walcott a few years ago). The club are also hoping that, should a deal be done, he will remain on loan at St Mary’s until the end of the season.

Oxlade-Chamberlains father, former Portsmouth and England international Mark Chamberlain, claims that his son is “better than Walcott,” adding: “I’ve worked with both. As an all-round technical player Alex has more to offer.”

Speaking in an Arsenal press-conference, Wenger denied that any deal had already been done saying: “I cannot speak about that. If we go any further with any player, we will inform you.”

Likeliness Rating 3.5/5

Arsène Wenger could be tempted by a move which would re-unite Thomas Vermaelen with former team-mate (and best friend) Jan Vertonghen.

Vertonghen is valued at around £15 million, which could be a little bit more than Wenger is willing to spend. However, I think that he would be the ideal defensive partner for Thomas Vermaelen when our superb centre back returns from injury. With more than 150 first team appearances for Ajax, Vertonghen possesses the quality and experience that our team requires so desperately. Reports suggested that Wenger was interested in signing him in the summer, and with Squillaci and Vermaelen both injured for the foreseeable future, the club is in desperate need of some decent cover in central defence.

Likeliness Rating 3/5

Manuel Almunia is considering a move to Galatasaray, after interest from Athletico Madrid has faded.

It seems that it is only a matter of time before Almunia is sold to another club.

Almunia featured for over 70 mintues of the Champions League final against Barcelona in 2006, after Jens Lehmann got sent off, and slowly worked his way towards becoming a first-team regular. However, his name has recently been at the top of the list of players who were likely to leave during the January transfer window. He has fallen out of favour with Wenger and has barely featured for the first-team this season, falling down the pecking order behind Lukasz Fabianski and Wojciech Szczesny.

Likeliness Rating 4/5