Liverpool have made the first significant move in the January sales, confirming the signing of winger Cody Gakpo from PSV Eindhoven for an initial fee of £35million.

The versatile Dutch forward, 23, has signed a long-term deal that runs from January 1 to the summer of 2028.

Gakpo caught the eye during the Qatar World Cup, scoring in all three of the Netherlands' group games while being utilised as a striker.

He has also been a standout performer in the Eredivisie this season, scoring nine goals and providing 12 assists for PSV in just 14 league games.

West Ham, Nottingham Forest and Wolves are among others who have started shopping early as clubs look to get their business done before the 11pm deadline on Tuesday, January 31.

The Irons have confirmed a deal is in place to sign Brazilian defender Luizao, 20, from Sao Paulo.

The promising young centre-back's move is subject to international clearance, with a contract agreed up to the summer of 2026.

It is likely he will spend the rest of this season finding his feet in the development squad under Mark Robson.

Forest fans have already had a sneak peek of another Brazilian import, Gustavo Scarpa, who has flown in from Palmeiras.

The attacking midfielder, who turns 29 in January, made some cameo appearances in Forest's mid-season friendlies and set up the winning goal for Emmanuel Dennis in a 2-1 victory over Valencia.

Wolves have also dipped their toe into the market by taking forward Matheus Cunha on loan from Atletico Madrid.

Subject to a work permit, 23-year-old Cunha is the first signing for new manager Julen Lopetegui at Molineux.

Should certain clauses be triggered, the Brazil international's switch will be made permanent and run until 2027.