Sports Mole rounds up all of the latest transfer news in the Premier League on Friday, January 15.

Friday morning's Premier League transfer talk news roundup:

Report: Arsenal have £20m budget for January transfer window

Arsenal manager Mikel Arteta has reportedly been told that he has £20m to spend in the January transfer window.

The Gunners are prioritising outgoings over new signings this month as they look to cut their bloated squad down to size.

Sead Kolasinac, William Saliba and Matt Macey have so far been loaned out, while Mesut Ozil is expected to follow in the coming days.

Regardless of any more outgoing activity, though, the Transfer Window Podcast claims that Arteta is already aware of the funds available to him this month.

Arsenal are said to be interested in Norwich City attacker Emiliano Buendia, but he is thought to be valued in the region of £40m, putting him well out of their price range.

Shakhtar Donetsk winger Manor Solomon has also been mentioned as a possible target for the Gunners before the window shuts on February 1.

Liverpool-linked Eder Militao 'free to leave Real Madrid on loan'

Real Madrid outcast Eder Militao is reportedly free to head for the Bernabeu exit door this month amid links with Liverpool and Tottenham Hotspur.

The former Porto man arrived in the summer of 2019 with plenty of promise, but Zinedine Zidane continues to rely on Raphael Varane and Sergio Ramos in the heart of defence.

Militao has made a meagre three appearances for Los Blancos across all competitions this term and has been tipped to make a switch to either Spurs or Liverpool in order to enjoy more first-team action.

Now, journalist Duncan Castles reports that a temporary move away from the Spanish capital could be on the cards this month, telling the Transfer Window Podcast: "One player who has been mentioned is Eder Militao, the centre-back at Real Madrid who is out of favour there.

"Madrid are trying to offload the player, they want ideally to sell. I'm told their asking price is €50 million (£44.5m), but there is the option there of getting Militao on a six-month loan deal with an option to buy at the end of the season."

The Brazil international penned a six-year deal upon his arrival in Madrid last year, with his current contract therefore set to run until 2025.

More transfer news from Premier League:

Shakhtar Donetsk winger Manor Solomon 'interested in Arsenal move'
Shakhtar Donestk winger Manor Solomon is reportedly open to a move to Arsenal and has enlisted the services of agent Pini Zahavi to help secure a Premier League switch. Read more.

Arsenal interested in signing Aston Villa goalkeeper Tom Heaton?
Aston Villa goalkeeper Tom Heaton is reportedly wanted by Arsenal to provide competition for Bernd Leno. Read more.

Arsenal 'considering move for Barcelona goalkeeper Neto'
Arsenal are interested in signing Barcelona goalkeeper Neto, according to a report. Read more.

Sassuolo 'will not accept Manchester City bid for Manuel Locatelli'
Sassuolo are not prepared to entertain any January offers for Manchester City-linked midfielder Manuel Locatelli, according to director Giovanni Carnevali. Read more.

Liverpool lining up summer move for Brighton & Hove Albion defender Ben White?
Brighton & Hove Albion defender Ben White is a summer transfer target for Liverpool, according to a report. Read more.

Tottenham Hotspur 'want to beat Chelsea to Kim Min-jae'
Tottenham Hotspur could submit an offer for Beijing Guoan centre-back Kim Min-jae this month, according to a report. Read more.

Lucas Piazon joins Braga from Chelsea on permanent deal
Chelsea signed the then-coveted young Brazilian from Sao Paulo in 2011, but he was only eligible for a work permit to start in January 2012. Read more.

Mikel Arteta hints at new David Luiz contract
Arsenal boss Mikel Arteta suggests that David Luiz could sign a new contract at the Emirates Stadium. Read more.

Liverpool 'offered the chance to sign Arsenal's Sokratis Papastathopoulos'
Liverpool are reportedly offered the chance to sign Arsenal centre-back Sokratis Papastathopoulos during the January window. Read more.

Tottenham Hotspur 'refusing to allow Dele Alli to leave'
Tottenham Hotspur are not prepared to allow Dele Alli to leave the club at this moment in time, according to a report. Read more.

Valencia, Lazio 'want to sign Lucas Torreira'
Valencia and Lazio are both interested in signing Arsenal midfielder Lucas Torreira on loan, according to a report. Read more.

Liverpool lining up summer move for Renato Sanches?
Liverpool are reportedly keen on completing a deal for Lille midfielder Renato Sanches during the summer transfer window. Read more.

Emre Belozoglu: 'Mesut Ozil is closer than ever to joining Fenerbahce'
Fenerbahce sporting director Emre Belozoglu says that Arsenal attacker Mesut Ozil is currently "closer than ever" to joining the club. Read more.

Tottenham Hotspur 'could cancel Danny Rose's contract'
Tottenham Hotspur could reportedly attempt to cancel the contract of defender Danny Rose. Read more.

Mesut Ozil 'willing to forgo some wages to leave Arsenal this month'
Arsenal outcast Mesut Ozil is happy to forgo some of his wages in order to secure a January exit from the Emirates, according to a report. Read more.

Frank Lampard: 'Fikayo Tomori's long-term future is at Chelsea'
The defender has made just four first-team appearances this season. Read more.

Paris Saint-Germain to step up Dele Alli pursuit?
Paris Saint-Germain boss Mauricio Pochettino makes Tottenham Hotspur outcast Dele Alli his top transfer target for January, according to Fabrizio Romano. Read more.

Dayot Upamecano 'will not be allowed to leave RB Leipzig in January'
RB Leipzig have no interest in selling Dayot Upamecano during the January transfer window, according to a report. Read more.

Graham Potter: 'Ben White will not be distracted by Leeds reunion'
Albion defender Ben White was a standout performer for the West Yorkshire club last season. Read more.

Tottenham Hotspur 'unlikely to extend Gareth Bale loan'
Tottenham Hotspur are reportedly unlikely to extend the loan spell of Real Madrid forward Gareth Bale into a second season. Read more.

Marcel Brands confirms Everton want to make January sales
Sporting director Marcel Brands reveals that Everton want to make a number of player sales during the January transfer window. Read more.

Liverpool 'among clubs interested in Daniel Cabral'
Liverpool are reportedly among a number of clubs who are interested in signing Flamengo youngster Daniel Cabral. Read more.