Clubs have less than 48 hours to secure the signatures of their model players, as the transfer window will slam shut tomorrow at 11pm.
We'll keep you up-to-date with the latest transfer news and gossip as the deadline approaches. Colchester goalkeeper Carl Pentney has had his contract cancelled by mutual consent.
Manager Joe Dunne told the club's official website: "Carl has been very patient in his time with us but it is time he was playing first team football.
"As with a few others, I cannot offer him that here so we feel that releasing him from his contract is the fairest thing to do and we wish him well for the future."
Meanwhile Brentwood Town forward Alex Read continues his trial with Dagenham & Redbridge. Peterborough United left-back Scott Griffiths has had his contract at cancelled by mutual consent.
The 27-year-old, who had a loan spell this season at Plymouth Argyle, is now a free agent. Crystal Palace are pondering a move for Dundee United forward Johnny Russell, Sky Sports reports.
The club has seen a bid for Wolverhampton Wanderers striker Sylvan Ebanks-Blake rejected.
Wolves manager Dean Saunders is reluctant to let his 11-goal leading scorer leave.
Palace have, however, agreed a deal with Peterborough for the transfer of midfielder George Boyd. Posh chairman Darragh MacAnthony revealed the news on his official Twitter account:![]()
Palace co-chairman Stephen Browett also revealed the club are looking at signings going forward and he is confident of landing at least two out of a possible four targets. Stoke City boss Tony Pulis is arranging a surprise swap deal with Queens Park Rangers boss Harry Redknapp involving Peter Crouch and Jamie Mackie.
Pulis would let Crouch go if he could sign Mackie, it is understood.
Pulis last night admitted QPR boss Harry Redknapp had asked him about the possibility of taking the striker to Loftus Road.
Pulis is also hoping to add American international Brek Shea and Arsenal defender Carl Jenkinson to his line-up before tomorrow's 11pm transfer deadline.
The Shea deal, which collapsed earlier this month, appears to have been resurrected in time to complete his transfer before tomorrow's deadline providing he passes a medical and the paperwork is completed in time.
And Port Vale yesterday said they will delay contract talks with more than half-a-dozen players until they know what division they will be playing in next season. Swansea City boss Michael Laudrup last night admitted he has no idea how deadline day will unfold for the club.
The manager insisted he does not know what the future holds for Danny Graham amid strong interest from the Black Cats and a number of other clubs.
Meanwhile City right-back Curtis Obeng has signed a one-month loan deal with York City. Scunthorpe United have confirmed there has been no Sheffield United bid for Mark Duffy.
The Blades made an enquiry about his availability earlier in the season, but Scunthorpe United have confirmed to the Scunthorpe Telegraph this morning there has been no offer. Hull City remain in hot pursuit of Egyptian international striker Gedo.
It is understood talks over a loan deal for the 26-year-old have advanced over the past week, as attempts to bring in QPR hit-man DJ Campbell have hit problems. Leicester striker Jeff Schlupp has had his spell with Manchester United extended.
The 20-year-old has spent the past two weeks with United at their Carrington training ground, and Pearson said he was happy for Schlupp to continue his stay there. Bristol City fans are questioning whether the club can sell Albert Adomah and at the same time retain its Championship status.
Crystal Palace have already had two bids rejected and are considering a third and final offer, while Bolton are weighing up whether to make a move for the 25-year-old winger.
Meanwhile Crewe assistant boss Neil Baker is hoping midfielder Luke Murphy will still be an Alex player after tomorrow's transfer deadline.
The club aren't planning to bring in any players, and both Baker and manager Steve Davis will be delighted if there are no bids for 23-year-old Murphy. Nottingham Forest will play hardball with Birmingham City over Chris Burke, after having an improved £500,000 bid for the winger rejected.
The Reds hierarchy were shocked to see what they regard as a fair offer rejected.
The Scotsman is out of contract in the summer.
Meanwhile Nottingham Forest's January transfer target George Boyd has agreed a deal with Crystal Palace.
At least one more new face is expected at Cheltenham Town before Thursday's deadline.
Luke Rooney of Swindon Town is on the club's radar, and a central defender will definitely come in tomorrow morning on loan, it is understood.
Mark Yates is also chasing another striker.
Last night the club secured Paul Benson of Swindon Town on loan until the end of the season.
The 33-year-old striker initially turned down a move to the Abbey Business Stadium, but boss Mark Yates' persistence has paid off.
On Friday, Town signed Manchester United defender Luke McCullough. Manchester City are not interested in any deal for David Villa despite speculation linking them with the Barcelona striker, Sky Sports understands.
It was earlier reported City had made an enquiry about the £15m-rated forward.
But Arsenal's Wenger is set to make one final attempt to sign Villa.
Meanwhile Aston Villa right-back Alan Hutton has completed his loan move to Spanish side Real Mallorca. QPR have completed the signing of Yun Suk-young from Chunnam Dragons, and are understood to have made a bid to Anzhi Makhachkala for defender Chris Samba.
The club is in talks with Stoke City about the possible transfer of Peter Crouch.
Palace co-chairman Stephen Browett also revealed the club are looking at signings going forward and he is confident of landing at least two out of a possible four targets. Stoke City boss Tony Pulis is arranging a surprise swap deal with Queens Park Rangers boss Harry Redknapp involving Peter Crouch and Jamie Mackie.
Pulis would let Crouch go if he could sign Mackie, it is understood.
Pulis last night admitted QPR boss Harry Redknapp had asked him about the possibility of taking the striker to Loftus Road.
Pulis is also hoping to add American international Brek Shea and Arsenal defender Carl Jenkinson to his line-up before tomorrow's 11pm transfer deadline.
The Shea deal, which collapsed earlier this month, appears to have been resurrected in time to complete his transfer before tomorrow's deadline providing he passes a medical and the paperwork is completed in time.
And Port Vale yesterday said they will delay contract talks with more than half-a-dozen players until they know what division they will be playing in next season. Swansea City boss Michael Laudrup last night admitted he has no idea how deadline day will unfold for the club.
The manager insisted he does not know what the future holds for Danny Graham amid strong interest from the Black Cats and a number of other clubs.
Meanwhile City right-back Curtis Obeng has signed a one-month loan deal with York City. Scunthorpe United have confirmed there has been no Sheffield United bid for Mark Duffy.
The Blades made an enquiry about his availability earlier in the season, but Scunthorpe United have confirmed to the Scunthorpe Telegraph this morning there has been no offer. Hull City remain in hot pursuit of Egyptian international striker Gedo.
It is understood talks over a loan deal for the 26-year-old have advanced over the past week, as attempts to bring in QPR hit-man DJ Campbell have hit problems. Leicester striker Jeff Schlupp has had his spell with Manchester United extended.
The 20-year-old has spent the past two weeks with United at their Carrington training ground, and Pearson said he was happy for Schlupp to continue his stay there. Bristol City fans are questioning whether the club can sell Albert Adomah and at the same time retain its Championship status.
Crystal Palace have already had two bids rejected and are considering a third and final offer, while Bolton are weighing up whether to make a move for the 25-year-old winger.
Meanwhile Crewe assistant boss Neil Baker is hoping midfielder Luke Murphy will still be an Alex player after tomorrow's transfer deadline.
The club aren't planning to bring in any players, and both Baker and manager Steve Davis will be delighted if there are no bids for 23-year-old Murphy. Nottingham Forest will play hardball with Birmingham City over Chris Burke, after having an improved £500,000 bid for the winger rejected.
The Reds hierarchy were shocked to see what they regard as a fair offer rejected.
The Scotsman is out of contract in the summer.
Meanwhile Nottingham Forest's January transfer target George Boyd has agreed a deal with Crystal Palace.
At least one more new face is expected at Cheltenham Town before Thursday's deadline.
Luke Rooney of Swindon Town is on the club's radar, and a central defender will definitely come in tomorrow morning on loan, it is understood.
Mark Yates is also chasing another striker.
Last night the club secured Paul Benson of Swindon Town on loan until the end of the season.
The 33-year-old striker initially turned down a move to the Abbey Business Stadium, but boss Mark Yates' persistence has paid off.
On Friday, Town signed Manchester United defender Luke McCullough. Manchester City are not interested in any deal for David Villa despite speculation linking them with the Barcelona striker, Sky Sports understands.
It was earlier reported City had made an enquiry about the £15m-rated forward.
But Arsenal's Wenger is set to make one final attempt to sign Villa.
Meanwhile Aston Villa right-back Alan Hutton has completed his loan move to Spanish side Real Mallorca. QPR have completed the signing of Yun Suk-young from Chunnam Dragons, and are understood to have made a bid to Anzhi Makhachkala for defender Chris Samba.
The club is in talks with Stoke City about the possible transfer of Peter Crouch.