Transfer news LIVE: Liverpool set to sign Luis Diaz as Tottenham turn to Dejan Kulusevski

LIVE – Updated at 14:36

The January transfer window is approaching its climax and several clubs are making significant moves to bolster their squads for the second half of the season.

After Tottenham had a bid rejected for Porto’s Luis Diaz, Liverpool have definitively joined the race to sign the Colombian winger and Jurgen Klopp’s side are expected to seal a deal worth around £50m including bonuses for the 25-year-old. The news comes as another major blow to Spurs, who are also set to miss out on long-term target Adama Traore, with the Wolves winger flying to Barcelona on Friday to complete a medical ahead of a loan move to his boyhood club. Towards the bottom of the Premier League, Newcastle are hoping to finalise the headline signing of Bruno Guimaraes from Lyon, while Burnley close in on Mislav Orsic and Wout Weghorst.

Meanwhile, in Europe, Dusan Vlahovic has arrived in Turin to complete his medical ahead of the striker’s move to Juventus. Arsenal’s failed pursuit of the Serbian has left the club frantically searching for a new striker before the deadline, with both Alexander Isak and Jonathan David set to remain at their clubs until the summer.

Follow all the latest transfer news and updates below:

Tottenham are apparently working on a deal for Juventus midfielder Dejan Kulusevski.

Sporting director Fabio Paratici is said to be a big admirer of the 21-year-old Swedish international and is pushing to get a deal over the line before the deadline, according to The Athletic.

Spurs have endured a difficult month losing out on Luis Diaz and Adama Traore to Liverpool and Barcelona, respectively.

Sporting director of Borussia Monchengladbach Max Eberl has stepped down from his role after 13 years.

The chief has been at