A round-up of the latest football news from today:
Theo Walcott is locked in talks with Arsenal, although his situation is likely to be made clear one way or the other next month according to Manager Arsene Wenger
Martin Jol is in discussions with Fulham regarding extending his tenure with the club until 2014
Balu Chainrai has suspended his offer to by Portsmouth, as the clubs Supporters Trust as the clubs preferred bidder
Don't fall off your chair on this one... Chelsea have made a PROFIT... its true, i promise. Only £1.4 million, but its a start!
Hearts in the SPL are in big financial trouble, although Owner Vladimir Romanov could come through with a short term fix for the club to keep them in business over the coming months
Shakhtar Donetsk forward Willian, has reiterated his desire to move to The Premier League with Chelsea
Chelsea have signed (awaiting confirmation from Chelsea website) right back Wallace from Fluminense
Charlton have signed midfielder Courtney Harris on a five-month contract
Swindon Town are set to sign Bolton right back Joe Riley on loan
Alan Pardew is keen to sign former striker Andy Carroll from Liverpool
Former Wolves and Everton forward Michael Branch has been sentenced to 7 years in jail for drugs offences.