The first of January is a day greeted with mixed emotion by Premier League football managers. Whether it is Newcastle boss Alan Pardew trying to hang on to Demba Ba or Brendan Rodgers bringing in Daniel Sturridge the transfer market is already in full swing.
The big move being touted at the moment is Senegalese International Demba Ba moving to Stamford Bridge from Newcastle. The striker has a seven million pound release clause in his current contract which most clubs would conceivably pay - but it is Chelsea who have shown their hand first currently going through negotiations with the player after they activated the clause.
Chelsea are hoping Ba can take the place of Daniel Sturridge who has officially completed his move to Liverpool. The Englishman was unhappy about his wide role at Stamford Bridge and both parties will be hoping he can shine as the out-and-out forward Liverpool desperately need.
Liverpool meanwhile will be hoping to offload flop Joe Cole at least on-loan to either West Ham or struggling Queens Park Rangers. Rangers' manager Harry Redknapp has already declared an interest in the player - who he worked with at West Ham.