Transfer news and rumours LIVE: Solskjaer to be given £50m to spend in January

Mynewscorner takes a look at the biggest transfer news and rumours from the Premier League, La Liga, Serie A and beyond.

Pep eyeing Lyon midfielder Aouar as Fernandinho successor

Pep Guardiola is eyeing up Lyon’s Houssem Aouar as a long-term successor to Fernandinho according to claim in the The Sun.

The City boss took time out to speak with the 20-year-old after their sides met in the Champions League game and sees him as an idea fit for to replace the Brazilian.

 Mats Hummels not leaving Bayern this winter

Bayern Munich have made it clear that defender Mats Hummels will not be leaving the club this winter.

It had been speculated the 30-year-old could leave the club after falling down the pecking order and amid rumours of a difficult relationship with coach Niko Kovac.

But Karl-Heinz Rummenigge has assured that the centre-back will play for the club in the second half of the season.

Kinnear and Porter both turned down Galaxy job

The LA Galaxy seem to be struggling to find a new manager.

A report from the MLS website says that both interim manager Dominic Kinnear and former Portland Timbers boss Caleb Porter have turned the job down.

The report also claims that Kinnear could still be a candidate, but wants a multi-year contract that the club has, so far, not been willing to offer.

Man Utd ready to pay record fee for Pochettino

The prospect of having to pay a world-record fee to land Mauricio Pochettino does not bother Manchester United, according to The Telegraph.

The Tottenham boss is the only name on the club’s list of potential managers to sign this summer.

 Solskjaer to be given £50m to spend in January

Central defender and right-sided midfielder are the priorities

Caretaker Manchester United boss Ole Gunnar Solskjaer will be given up to £50 million ($63m) to spend in January, reports the Mirror.

Executive vice-chairman Ed Woodward understands there are deficiencies in the squad and will make funds available for the Norweigan, who will take over from Jose Mourinho.

United will target a central defender and a right-sided midfielder, with Toby Alderweireld and Douglas Costa among the candidates to fill those two positions.

Bayern to rival Man City for £70m De Jong

Europe’s biggest clubs are lining up to sign the 21-year-old

Bayern Munich will rival Manchester City in the race for Ajax midfielder Frenkie De Jong, according to the Daily Mail.

Several of Europe’s biggest clubs are keen on the Dutch international, who has also been strongly linked with PSG and Barcelona.

Bayern are the latest club to register an interest, with the 21-year-old valued at around £70 million (€78m/$88m).

Lille ready to sell Mendes in January

Lille are preparing to sell midfielder Thiago Mendes in January, reports RMC Sport.

The 26-year-old Brazilian has been on the radar of Chelsea, Wolfsburg and Schalke in the past, who were all willing to pay up to €30 million (£27m/$34m) for his services.

PSG could also be keen on Mendes, with Lille hoping that by selling the Brazilian, they can keep hold of star winger Nicolas Pepe for a while longer.

Man Utd hope stars will agree new deals with Mou gone

Manchester United are hoping that by sacking Jose Mourinho, they will be able to tie down some of their biggest stars to long-term deals, reports the Mirror.

Juan Mata, Ander Herrera and Ashley Young all have contracts expiring at the end of the season, while David de Gea, Anthony Martial, Marcus Rashford and Eric Bailly all see their deals expire the following year.

Many of those players were reluctant to sign new deals before they knew Mourinho’s future, but United now hope they can lock many of them down for the foreseeable future.

Emery refuses to guarantee Ozil’s Arsenal future

Arsenal manager Unai Emery has declined to publicly back Mesut Ozil to have a future with the club.

Ozil was left out once again on Wednesday, as Arsenal fell 2-0 to rivals Tottenham in the Carabao Cup quarter-final.

 Newcastle to battle Palace for Abraham

Newcastle are set to battle Crystal Palace for Chelsea striker Tammy Abraham in January, according to The Northern Echo.

Abraham is currently on loan at Aston Villa, but Chelsea could recall the 21-year-old next month in order to cash in on him.

Palace are willing to pay £10 million ($13m) for Abraham, but Rafa Benitez is hoping to push the Newcastle board to make a bid for the striker.