Sports Mole rounds up all of the latest transfer news in the Premier League on Wednesday, January 6.

Wednesday morning's Premier League transfer talk news roundup:

Arsenal 'eye loan deals for Isco, Julian Draxler'

Arsenal are reportedly eyeing up loan moves for midfielders Isco and Julian Draxler in the January transfer window if they are unable to sign any of their primary targets on permanent deals.

Manager Mikel Arteta is keen on bolstering his squad this month and is hoping to sign a creative midfielder, with Norwich City playmaker Emiliano Buendia one player on the Spaniard's radar.

However, the £40m price tag for the Argentinian would be a non-starter for the Gunners, who are strapped for cash and are focused on player departures before any big-money transfers can be considered.

Unless they can adjust their finances, the Daily Mirror reports that a short-term deal for either Isco or Draxler seems a more likely option for Arsenal.

Isco, 28, has played just 357 minutes for Real Madrid this season – providing one assist and failing to score – and has become a peripheral figure under head coach Zinedine Zidane.

Draxler has also struggled to cement a regular place in the starting lineup at Paris Saint-Germain – featuring only nine times for the French champions this campaign – and the 27-year-old's future remains uncertain, following the appointment of former Tottenham Hotspur boss Mauricio Pochettino.

Arsenal may also have to decide on the future of German midfielder Mesut Ozil before they approach any club over a potential deal in January.

Sergio Ramos 'rejects new Real Madrid contract offer'

Real Madrid defender Sergio Ramos has reportedly rejected a new contract offer from the club and is now considering his options ahead of a possible exit from the Bernabeu.

Head coach Zinedine Zidane is keen for the 34-year-old, along with Luka Modric and Lucas Vazquez, to stay at the club beyond the summer of 2021, with the Croatian understood to be the only player to have agreed a new deal.

Marca reports that talks between Ramos's representatives and Real Madrid were held on January 1, with the club offering the defender a one-year contract extension.

The new deal would see him earn more than £10m, but Ramos has rejected the offer from the Spanish giants as he would like a longer contract.

Despite the club being desperate to keep hold of their captain beyond next summer, Los Blancos do not want to budge on their aforementioned policies which include offering players over the age of 30 one-year deals.

Now that the January transfer window is open, Ramos can negotiate with other teams across Europe over a free transfer, with the Spaniard being closely monitored by Manchester City as well as French champions Paris Saint-Germain.

Ramos has made over 650 appearances for Real Madrid since joining the club from Sevilla in 2005, and has won five La Liga titles as well as four Champions League triumphs.

More transfer news from Premier League:

Mikel Arteta 'expecting Arsenal to sign new midfielder'
Arsenal manager Mikel Arteta reportedly expects the club to sign a creative midfielder despite Emile Smith Rowe's impressive performances. Read more.

Chelsea to rival Manchester United for Moises Caicedo?
Manchester United are reportedly facing competition from Premier League rivals Chelsea for Ecuador teenager Moises Caicedo. Read more.

Paul Pogba 'unlikely to leave Manchester United in January'
Manchester United midfielder Paul Pogba is unlikely to leave the club in January but a summer departure could be on the cards, according to Fabrizio Romano. Read more.

Real Madrid 'make Liverpool's Mohamed Salah top summer transfer target'
Liverpool attacker Mohamed Salah is Real Madrid's number one target for the summer transfer window, according to talkSPORT's Alex Crook. Read more.

Barcelona activate Riqui Puig extension amid exit rumours?
Barcelona reportedly trigger an extension in Riqui Puig's contract, with the out-of-favour midfielder now tied down to the Blaugrana until 2023. Read more.

Michael Zorc plays down Julian Brandt leaving Borussia Dortmund for Arsenal
Borussia Dortmund chief Michael Zorc plays down suggestions that Julian Brandt could leave the Westfalenstadion in January. Read more.

Bayern Munich's Kingsley Coman pours cold water on Manchester United links
Bayern Munich attacker Kingsley Coman insists that he is happy in Bavaria amid speculation surrounding a move to Manchester United. Read more.

Wolves to rival Arsenal for Inter Milan midfielder Christian Eriksen?
Wolverhampton Wanderers reportedly become the latest club to express an interest in signing Inter Milan midfielder Christian Eriksen. Read more.

Independiente Del Valle deny Manchester Utd interest in Moises Caicedo
Independiente Del Valle general manager Santiago Morales dismisses suggestions that Manchester United are attempting to sign youngster Moises Caicedo. Read more.

Real Madrid eye Villarreal's Pau Torres as Sergio Ramos replacement?
Villarreal defender Pau Torres reportedly emerges as a potential replacement for Sergio Ramos at Real Madrid if the club captain decides to leave the Bernabeu. Read more.

Arsenal to block Mohamed Elneny exit this month?
Arsenal do not intend to sell Besiktas-linked Mohamed Elneny in January as he is central to Mikel Arteta's plans for the season, according to a report. Read more.

Manchester City 'closely monitoring Sergio Ramos situation'
Manchester City are reportedly considering whether to open discussions with Real Madrid defender Sergio Ramos, who is out of contract later in 2021. Read more.

Arsenal loanee Dani Ceballos talks up Real Madrid return
Dani Ceballos affirms that he wants to become an important player at Real Madrid once his second stint on loan at Arsenal comes to end. Read more.

Sergio Ramos 'informs Real Madrid of Paris Saint-Germain interest'
Real Madrid defender Sergio Ramos reportedly tells president Florentino Perez that PSG are waiting to sign him as talks over a new contract continue. Read more.

Ruben Vinagre joins Famalicao on loan from Wolves
The 21-year-old will head back to his native Portugal. Read more.

Manchester United 'monitoring Paulo Dybala situation'
Manchester United plan to swoop for Paulo Dybala if the attacker rejects Juventus' offer of a new deal, according to a report. Read more.

Arsenal looking to cash in on Sokratis?
Arsenal reportedly aim to cash in on out-of-favour defender Sokratis this month, with Serie A sides Genoa and Napoli both interested in a deal for the 32-year-old. Read more.

Andy King signs for Belgian side OH Leuven
Leuven currently lie sixth in the Belgian top flight. Read more.

Arsenal's Mesut Ozil 'in negotiations over DC United move'
Arsenal outcast Mesut Ozil reportedly enters talks over a January move to MLS outfit DC United, who want to make him the face of the club. Read more.

AC Milan 'join Juventus in race for Chelsea's Olivier Giroud'
AC Milan reportedly join Juventus in the race for Chelsea's Olivier Giroud, who is now in the final six months of his Stamford Bridge deal. Read more.