Yep, Rene Meulensteen has got his man. Olympiakos striker Kostas Mitroglou had been looking forward to facing Manchester United in the last 16 of the Champions League but now he has opted for a Premier League relegation fight instead, signing a four-and-a-half year deal at Craven Cottage after Fulham agreed to pay the Greek team upwards of £11m for his services.

Has that plane from Porto landed yet? If you happen to be at Manchester airport and spot Porto pair Eliaquim Mangala and Fernando waiting at the baggage carousel, be sure to let us know.

Ian Dennis
BBC Radio 5 live

Image source, Reuters

"I understand Kostas Mitroglou has opted for Fulham ahead of West Ham United.

"The Hammers tried to hijack the deal but the Greek international striker has decided on a move to Craven Cottage where it's expected he will sign a four-year deal."

Nathan in Bradford: Some people are really under estimating Kallstrom! He is still quality and suits Arsenal's style perfect!

I could be wrong, but this feels like the first lull of January deadline day 2014. Is everyone waiting to see who is on that plane from Porto (see 1456 GMT) or what?

Image source, Getty Images

With the bottom half of the table so congested, and the title race so compelling, everyone will be on the lookout today for a striker.

If the right man can be found for the right price, expect some movement. But is signing a striker in January a good move?

The 11 forwards signed by Premier League clubs last January managed 23 goals in 108 games between them before the end of the season.

Not bad? Maybe - until you realise that Daniel Sturridge (10 goals for Liverpool) and Loic Remy (six for QPR) scored the lion's share of those.

Norwich's swoop for Kei Kamara and Luciano Becchio (one goal in 19 appearances between them) wasn't so hot...

Crawley Town have signed Derby County goalkeeper Ross Atkins on a one-month loan deal.

The 24-year-old has been brought in as cover because Johnny Maddison is suffering from suspected appendicitis.

Wolves defender Michael Ihiekwe, 21, has had his loan deal to Cheltenham Town extended to the end of the season

It appears things are moving quickly at Ewood Park. BBC Sport's Andy Cryer now reports that Blackburn and Crystal Palace are close to agreeing a fee for Scott Dann and any move will now be down to the player.

Disco Stu:, external Honestly Charlton Athletic. Who sells their best player in January when in the relegation spots? Sad is an understatement.

I presume the player that the much-loved Simpsons bit-part character is referring to is Yann Kermorgant, who left the Championship strugglers to join Bournemouth earlier today.

Aldershot Town have signed midfielder Solomon Taiwo on loan from Luton Town. The 28 year-old Nigerian midfielder has joined on an initial deal until 1 March.

BBC Radio Manchester have had it confirmed that Liam Trotter has joined Bolton from Millwall on a loan deal until the end of the season with a view to making in permanent in the summer.

BBC Three Counties Radio sports editor Geoff Doyle: "Watford look set to lose a player. Mallorca have announced that they have signed Hornets midfielder Iriney. The Brazilian is set to be officially unveiled later this afternoon."

One Watford player who is going nowhere is defender Fitz Hall. He has a signed a new contract to remain at Vicarage Road until the end of the season.

Image source, Getty Images

Here's the news Baggies fans have been waiting for... West Bromwich Albion boss Pepe Mel has confirmed his interest in Espanyol striker Thievy Bifouma.

The 21-year-old scored 11 goals in 38 appearances for Segunda Division side Las Palmas last season but only has four in La Liga this season.

Will Mel get his man?

BBC World Service Sport's John Bennett: "In Spain, La Liga title challengers Atletico Madrid may be about to join the deadline day fun.

"Spanish newspaper "AS" and German football magazine "Kicker" are reporting that Brazil international Diego could be returning to the club from Wolfsburg.

Diego was on loan at Atletico during the 2011-2012 season. The 28 year-old has also played for Juventus, FC Porto and Werder Bremen."

All eyes on the skies above Manchester then... but here is what else has been happening as the clock ticks ever nearer to 23:00 GMT and the end of the January transfer window.

Sweden midfielder Kim Kallstrom is having a medical with Arsenal, we are waiting for more news on Fulham striker Dimitar Berbatov's loan move to Monaco and Liverpool have a delegation in Ukraine trying to wrap up a deal for FC Dnipro winger Yehven Konoplyanka.

In terms of moves that have already happened, Chelsea have signed St Etienne defender Kurt Zouma, Fulham have snapped up Tottenham's Lewis Holtby on loan and Crystal Palace have swooped for Wolves keeper Wane Hennessey.

You've heard about deadline day choppers (copyright Ryan Babel), so how about the deadline day private jet?

The Manchester Evening News, external are reporting that a private jet from Porto is due to touch down at Manchester Airport at 3.23pm today - and was only booked to land at the airport within the past 24 hours.

Will Porto's pair of Manchester City targets Eliaquim Mangala and Fernando be on board? I guess we will find out in about half an hour...

MOTD presenter Gary Lineker

"Looks like Mata may be Manchester United's only signing in this window. No double Glazers?"

Follow Transfer Deadline Day on the BBC Red Button to hear expert reaction from MediaCity UK to the latest transfer deals.

BBC Radio 5 live's chief football reporter Ian Dennis has his finger on the pulse, keeping you up-to-date with the latest news. We have also heard from former Chelsea defender Michael Duberry and ex-Republic of Ireland international Kevin Kilbane, getting their take on what it is like to be a player.

Winger Jason Puncheon, who has completed a permanent transfer to Crystal Palace from Southampton, on Twitter:, external "Buzzing to have signed at Palace - let's do this and make history. Premier League is the best league in the world, let's stay here."