Bayern Munich are understood to be monitoring the situation of Florian Wirtz at Liverpool, as transfer speculation involving a host of European clubs gathers pace ahead of the January window.

Bayern's eye on Wirtz

The German giants are keeping a close watch on Wirtz, 23, according to Teamtalk. The Germany international midfielder joined Liverpool and has quickly attracted attention from his homeland's biggest club.

Liverpool's big-money targets

Liverpool could shatter their own transfer record to land Bournemouth's Brazilian forward Rayan, 20, next summer. Football Insider reports that a £130 million release clause in the player's contract will become active in 2027, and Liverpool are among those tracking his progress.

Separately, Liverpool hold a 55 million euros (£47.2 million) option to convert their loan arrangement for Ronald Araujo, 27, into a permanent deal with Barcelona, according to Fabrizio Romano via Caught Offside. The Uruguay defender's future at the Catalan club remains uncertain.

Kalulu stays put at Juventus

Juventus have no intention of allowing Pierre Kalulu to leave in January despite reported interest from Manchester United and Liverpool. The Manchester Evening News says the Italian side are firm in their stance on the 26-year-old France defender.

Dortmund rule out Sancho return

Borussia Dortmund manager Niko Kovac has categorically ruled out any move to re-sign Jadon Sancho. The 26-year-old former Manchester United winger is currently a free agent, and despite links to his former club, Kovac made clear the door is shut, per the Mirror.

Sancho's agent, meanwhile, has been in discussions with several Premier League clubs over a potential move, Football Insider reports.

Page attracting European interest

Borussia Dortmund have joined Manchester United in scouting Leicester City midfielder Louis Page. The German club have dispatched scouts to assess the 18-year-old Englishman, according to Teamtalk.

Chambers eyed for loan exit

Championship clubs and Celtic are reportedly interested in taking Liverpool defender Luke Chambers on loan in January. The 22-year-old England youth international has attracted attention from several sides eager to bolster their squads at the mid-season mark.

Ausilio heading to Tottenham

Former Inter Milan sporting director Piero Ausilio is set to take up a role at Tottenham from January, according to the Gazzetta. The 54-year-old Italian brings considerable experience from his long tenure at Inter Milan to his new post in north London.