Sports Mole rounds up all of the latest transfer news in the Premier League on Wednesday, January 20.

Wednesday morning's Premier League transfer talk news roundup:

Emile Smith Rowe 'set for new Arsenal contract'

Arsenal starlet Emile Smith Rowe is reportedly set for a new and improved deal following his breakthrough in Mikel Arteta's side.

The 20-year-old has become a nailed-on starter for the Gunners after several confident displays in the number 10 role, where he has contributed one goal and three assists in the Premier League and FA Cup since Boxing Day.

Smith Rowe still has two-and-a-half years left to run on his current Arsenal contract, but the playmaker reportedly earns a modest wage of £15k per week in North London at the moment.

According to the Daily Mail, Arsenal will reward Smith Rowe's performances with a new long-term deal worth £40k per week, and the Gunners are confident that he will pen fresh terms.

Despite Smith Rowe's recent emergence, the Gunners are supposedly still interested in a deal for Norwich City playmaker Emiliano Buendia, with Mesut Ozil in Turkey to finalise a move to Fenerbahce.

Smith Rowe has also made a trio of appearances in the 2020-21 Europa League, bagging one goal and two assists in continental competition.

Report: Manchester United want Argentina international Facundo Medina

Manchester United are reportedly showing a serious interest in Lens left-back Facundo Medina.

The 21-year-old, who is also comfortable playing at centre-back, only joined the French side from Talleres in a £3m deal last summer.

Having impressed in his first Ligue 1 campaign for mid-table Lens, La Voix du Nord claims that United are keeping a close eye on the youngster.

Ole Gunnar Solskjaer is said to be after defensive reinforcements and the club may back the Norwegian with a £10m offer for Medina.

Any deal could be dependent on the one-cap Argentina international returning to Lens on loan for the season, it is claimed, similar to the arrangement agreed between Arsenal and Nice for William Saliba.

More transfer news from Premier League:

Mesut Ozil 'taking £283k-a-week pay cut to leave Arsenal'
A report claims that Arsenal playmaker Mesut Ozil is to be paid around £67,000 a week at Fenerbahce, which is a big drop on the £350,000 a week that he is currently earning. Read more.

Fenerbahce 'to announce Mesut Ozil signing on Saturday'
Fenerbahce reportedly prepare to announce the signing of former Arsenal midfielder Mesut Ozil on a free transfer this Saturday. Read more.

Manchester United yet to decide on Juan Mata future
Manchester United manager Ole Gunnar Solskjaer reveals that a decision over Juan Mata's future is yet to be reached, with the Spaniard out of contract in the summer. Read more.

Inter Milan 'beat Liverpool, Leeds United to Rodrigo De Paul'
Inter Milan reportedly move ahead of Liverpool and Leeds United in the race to sign Udinese midfielder Rodrigo De Paul. Read more.

Arsenal boss Mikel Arteta: "Mesut Ozil's quality will be missed"
Mesut Ozil is a "special player" who will be missed once he joins Fenerbahce, according to Arsenal manager Mikel Arteta. Read more.

Report: Arsenal given hope in pursuit of Barcelona goalkeeper Neto
Barcelona goalkeeper Neto reportedly remains a target for Arsenal with two weeks of the January transfer window to go. Read more.

Liverpool 'have no plans to offer Mohamed Salah new deal'
Liverpool reportedly have no immediate plans to offer a new contract to winger Mohamed Salah. Read more.

Arsenal, Leicester City to battle over Porto midfielder Otavio?
Arsenal and Leicester City are weighing up a move for Porto midfielder Otavio, according to a report. Read more.

David Alaba 'still considering lucrative Real Madrid contract offer'
Bayern Munich's David Alaba will reportedly wait until April at the earliest before deciding whether to take up Real Madrid's lucrative contract offer. Read more.

Real Madrid 'win race for David Alaba'
Bayern Munich defender David Alaba reportedly agrees to join Real Madrid on a free transfer later in 2021. Read more.

Paris Saint-Germain considering move for Arsenal defender Hector Bellerin?
Paris Saint-Germain are reportedly contemplating whether to launch an approach for Arsenal defender Hector Bellerin. Read more.

Jamal Musiala a target for Liverpool, Manchester United and Manchester City?
Bayern Munich youngster Jamal Musiala is reportedly being tracked by Liverpool, Manchester United and Manchester City ahead of the summer transfer window. Read more.

Romelu Lukaku 'not interested in Manchester City move'
A report claims that Romelu Lukaku is happy at Inter Milan and has no intention of joining Manchester City at the end of the season. Read more.

Man City manager Pep Guardiola rules out January signings
He says City will end the season with the players they have now. Read more.

Report: Nice cool interest in Manchester United's Jesse Lingard
A report claims that Jesse Lingard is likely to remain at Manchester United for the rest of the season as Nice are no longer interested in signing the midfielder. Read more.

Ole Gunnar Solskjaer 'reluctant to let Jesse Lingard leave Manchester United'
Manchester United boss Ole Gunnar Solskjaer is reportedly reluctant to part ways with Jesse Lingard during the January transfer window. Read more.

Liverpool, Tottenham Hotspur in for Inter Milan midfielder Nicolo Barella?
Liverpool and Tottenham Hotspur are tempted to move for Inter Milan midfielder Nicolo Barella, according to a report. Read more.

Brighton defender Bernardo joins RB Salzburg on loan
The 25-year-old Brazilian made just two Premier League starts this season. Read more.