The race is on to complete last-minute signings and against-the-clock deals, as the transfer window will close in less than 11 hours.
Rumours are abound and there has been a flurry of activity this morning, with a number of deals being finalised.
We’ll keep you up-to-date with the latest news and gossip until the window closes, with a morning, afternoon and evening round-up.
To read this morning’s transfer news, click here.
UPDATE 5.45PM: Birmingham City have secured the signature of Bournemouth striker Wes Thomas, Sky Sports understands.
The club have pipped to the post Championship rivals Blackpool and Crystal Palace.
The loan move is with a view to a permanent switch.
UPDATE 5.40PM: Hull City have officially signed Gedo and Fathi on loan from Al-Ahly:
The pair will remain at the club until the end of the season. Both deals are subject to international clearance, the club said.
UPDATE 5.35PM: Manchester United's Davide Petrucci has extended his Peterborough United loan spell until the end of the season.
UPDATE 5.30PM: Swindon are closing in on the signing of Bradley Wright-Phillips from Charlton , Sky Sports understands.
UPDATE 5.30PM: Tottenham have confirmed goalkeeper Heurelho Gomes will spend the rest of the season on loan at Hoffenheim.
UPDATE 5.10PM: Dundee FC have signed David Morgan on loan until the end of the season from Nottingham Forest .
UPDATE 5.10PM: Coventry City defender Aaron Phillips has joined Nuneaton Town on a one-month loan deal.
UPDATE 5.05PM: David Beckham has confirmed during his press conference at Paris St Germain he will donate his entire five-month salary to a French children's charity.
UPDATE 4.45PM: David Beckham has joined the Ligue 1 club Paris St Germain on a five-month deal.
UPDATE 4.10PM: Crewe have re-signed Arsenal midfielder Chuks Aneke on loan:
UPDATE 3.55PM: Stoke have given the go-ahead for Rory Delap to join npower Championship club Barnsley on loan until the end of the season.
Manager Tony Pulis told the club's official website: "Rory has been a bedrock of the progress this Club has made since he joined us.
"It’s important therefore that we look after those players who have served us so well and helped us to get where we are today.
"One way or another, it’s been a frustrating time for him this season, but we are delighted that he’s now got the chance to go out and play regular first team football.
"I am sure that he will prove to be a great acquisition for Barnsley."
UPDATE 3.55PM: QPR's Alejandro Faurlin has joined Italian outfit Palermo on loan, the club has confirmed on its Twitter page.
UPDATE 3.15PM: Alexander Doni has been released by Liverpool with immediate effect.
UPDATE 3.15PM: Barnsley have terminated the contracts of striker Mido and defender Lee Collins by mutual consent.
UPDATE 3PM: Stoke have agreed a deal with Birmingham for goalkeeper Jack Butland, Sky Sports reports.
UPDATE 2.35PM: Crystal Palace are keen to make a deadline day move for Blackpool striker Kevin Phillips, Sky Sports understands.
UPDATE 2.30PM: Crewe have extended midfielder Bradden Inman's loan from Newcastle until the end of the season.
UPDATE 2.25PM: Swansea have tweeted about the departure of Danny Graham:
Read more about the move here.
UPDATE 2.10PM: Sunderland have officially signed Swansea's Danny Graham, the club has confirmed. He joins on a three-and-a-half-year deal for £5 million.
UPDATE 2.05PM: Plymouth Argyle striker Rhys Griffiths has left the club by mutual consent, it has been confirmed.
The Welshman was told last week by Argyle manager John Sheridan he was surplus to requirements, and has been released from his contract in order to seek first-team football.
According to the club's official website: "Everybody at Home Park wishes Rhys all the best for the future".
UPDATE 1.45PM: Stoke’s pursuit of Birmingham goalkeeper Jack Butland could involve a couple of players, Sky Sports understands.
It emerged earlier today a bid had been launched, and it is now thought discussions involve the possibility of a couple of Stoke players, including Ryan Shotton, heading in the opposite direction on loan.
UPDATE 1.40PM: Peterborough forward George Boyd is undergoing a medical at Nottingham Forest, while the Reds have bid for Wolves defender Stephen Ward.
UPDATE 1.30PM: Norwich City are edging closer to a deal for Birmingham City's Curtis Davies, it is understood.
UPDATE 1.15PM: Fulham have finalised the loan signing of Urby Emanuelson from AC Milan. He will remain at the club until the end of the season.
UPDATE 1.10PM: Colchester's Tom Eastman has signed a two-and-a-half-year contract extension.
The defender's deal was due to expire in the summer.
UPDATE 1.05PM: Striker Rhys Griffiths has left Plymouth Argyle, the club has tweeted:
QPR have completed the signing of Christopher Samba for a club record fee:
The 28-year-old Congolese defender has penned a four-and-a-half year deal in W12, after QPR agreed an undisclosed club record fee with Anzhi Makhachkala for the player’s signature.
Stoke have tabled a £4million bid for Birmingham City goalkeeper keeper Jack Butland, Sky Sports reports.
Newport County midfielder Lee Evans has signed with Wolverhampton Wanderers for an undisclosed fee.
Fleetwood Town goalkeeper Chris Maxwell has returned to Wrexham on loan until the end of the season.
Burton Albion have extended Adam Drury's loan spell from Premier League champions Manchester City.