TRANSFER ZONE - 6th January 2014

• Manchester United have been given the green light to sign Real Madrid defender Fabio Coentrao.

• Chelsea defender Gary Cahill is set to be offered a new contract at the club.

• Real Madrid midfielder Xabi Alonso has been offered to Manchester United and Manchester City.

• Turkish club Galatasaray are preparing a £10 million bid for Chelsea skipper John Terry.

• AC Milan striker Mario Balotelli wants a return to the premier league with Chelsea being touted as a possible destination.

• Chelsea are eyeing Nantes defender Papy Djilobodji. 

• Liverpool have inserted a £70 million release clause in Luis Suarez's contract.

• Chelsea are set to send Nigerian defender Kenneth Omeruo on loan to Middlesbrough.