This is a period of time speculations amount concerning who is going to leave or join a new club. Who will Manchester United sign to boost its defense? Is it possible for Arsenal to bring in a midfielder the Emirates stadium based club need? Is there any plan for Liverpool to sign a replacement for Steven Gerrard?

Without much delay, here is a compilation of the latest and hottest deals that were reported in various media:

The former Swansea striker Wilfried Bony joins Manchester City for an undisclosed fee reported to be around £ 28m according to the Independent.

The 26-year old Ivory Coast international has agreed terms on a four-and-half-year deal which will keep him at the Etihad Stadium until the end of the 2018/2019. He will wear the shirt number 14.

"As a player It`s always good to be part of one of the biggest clubs in the world and it`s a good opportunity for me to be in that situation now - I am really proud", Wilfried told the Manchester city website.

Manchester United that did badly in the last weekend by losing against Southampton in the race to the top four is interested to reinforce its defense this time. Louis Van Gaal spent £150 million last summer mostly to bolster the attack.

Mail Online reports that United can potentially sign a number defensive players but no deal have yet been confirmed.

The red devils are interested to bring Aymeric Laporte from Atletico Bilbao.

However they are worried that the 20-year-old Frenchman is inexperienced though he has impressed this season. "Bilbao could only be interested to sell him at £32 m which represents a big gamble for such a young player", notes Rajvir Rai.

United could also approach Atletico Madrid and sign Joao Mirande as the Spanish club needs to service its growing debts.

Brazilian centre-back is 30 and would cost £23 m as a result of his release clause in the contract.

But Rajvir Rai of the Mail online believes that Mirande`s teammates Diego Godin and Jose Gimenez are young and represent better value for Louis Van Gaal side. The Dutch manager is also interested in a number of other players but let`s wait and see what will come out soon.

Manchester United`s Darren Fletcher is a target for West Bromwhich Albion. The Daily Post North Wales claims that Tony Pulls is interested in taking United`s vice captain to bolster Baggies effort to climb away from the Premier League danger zone.

Arsenal is also shopping and is targeting Dortmund duo Mats Hummels and IIkay Gundogan in a deal worth £63 m according to The Telegraph. It is reported that Hummels has refused to commit his future to the German club and said that he has received various offers. Arsene Wenger has expressed his interest in Hummels and this can potentially translate into his transfer in North London.

The Gunners have on the other hands have been warned not to further pursue the signing of Swansea striker.

Alan Curtis said that the club will resist any offer they receive for the 29-year-old.

Sunderland is on the verge of completing a deal for Toronto FC striker Jermain Defoe according to The black cats have agreed personal terms with Defoe who will sign a two-and-a-half-year deal at the Stadium of Light.

Samuel Eto`o might also leave Everton just five months after signing the four-times Africa player of the year. The Guardian reports that Sampdoria and Inter Milan Internazionale are both interested in taking the striker back to Italy.

Liverpool is linked to Paris-Saint Germain forward Ezequiel Lavezzi for an estimated £8 m. The Merseyside have been handed a massive boost in their bid to sign the 29-year-old Argentinean. According to the Mirror, PSG is willing to let him go and line up Benfica winger Nicholas Gaitan as his replacement.