TRANSFER ZONE - 16th January 2014

• Chelsea have completed the £21 million re-signing of Serbian midfielder Nemanja Matic on a five-and-a-half-year deal.

• Arsenal are still keen on bringing Juventus midfielder Sebastian Giovinco to the Emirates Stadium.

• Manchester United are set to offload Portuguese midfielder Nani as they have been linked with a move for Napoli midfielder Marek Hamsik.

• Arsenal target Alvaro Morata is intersted in a move to Italy in search of first-team football as Inter Milan and Fiorentina battles for his permanent signature.

• Russian club Zenit St. Petersburg are interested in Manchester City left-back Aleksander Kolarov.

• Liverpool are lining up moves for Porto midfielder Fernando and Napoli midfielder Gokhan Inler.

• Hull City have completed the £6.5 million signing of Everton striker Nikica Jelavic on a three-and-a-half year deal.

• Arsenal target and Bayern Munich forward Mario Mandzukic is set to be offered a new deal to stay at the Allianz Arena.

• West Ham United are still in talks with Southampton for the £7 million signing of England striker Rickie Lambert.