January is fast becoming the new summer: more money was spent in last year’s January transfer window than previous winter windows.

As teams look to stave off relegation, or push for promotion / the title, spending can become a crucial indicator as to where a club fits into our football coupon week in and week out.

Throughout January, footbet will keep you abreast of all the most significant market moves and strong rumours (no rubbish here) in the Premier League and beyond.

Here is the latest news to keep you on top of the odds:

anelka on verge of arsenal return

Thierry Henry will return to Arsenal for a two-month loan period if the Gunners can reach an insurance agreement with his US soccer team, according to Arsenal manager Arsene Wenger.

Henry scored a club record 226 goals for Arsenal before leaving for Barcelona in 2007. He’d rejoin the club from Major League Soccer’s New York Red Bulls as cover for strikers Marouane Chamakh and Gervinho, who depart for the African Cup of Nations next month.

“I know one thing, it can only be positive because he is an exceptional talent and has a desire to help the club,” Wenger said during a televised news conference, adding that “all the paperwork is not done.”

bolton agree fee for cahill

Bolton Wanderers and Chelsea have agreed a fee for England defender Gary Cahill who is expected to move to the London club when the transfer window opens next week, Bolton manager Owen Coyle said.

“There has been a fee agreed between the clubs and we have now given Gary’s representatives permission to speak to Chelsea,” Coyle told reporters.