Click here to catch all the deadline day action on the IBTimes UK Live Blog.
Tottenham have made a deadline day bid for MK Dons midfielder Dele Alli amid interest from Newcastle United and Aston Villa, according to the Daily Mirror.
The 19-year-old is being heralded as one of the biggest prospects in English football outside the Premier League and Daniel Levy is desperate to get the deal done. Newcastle are still front runners for his signature, having agreed a £5m deal for the player which included sending him back on loan to the club for the rest of the season.
Liverpool and Arsenal have also been huge admirers of the player over the course of the window but are unlikely to make a bid on short notice.
However, with intervention from Villa and Tottenham, the deal has fallen through, with Paul Lambert and Mauricio Pochettino keeping close tabs on the player.
Tottenham are expected to have a busy transfer day, both with respect to signings and outgoing players, as Emmanuel Adebayor is expected to be sent on loan and Aaron Lennon set to agree terms with Hull City.
Meanwhile, Spurs want Kevin Mirallas from Everton and have earmarked a bunch of targets to complement their top four push in the months ahead.
Lambert, who was on the wrong end of a battering from Arsenal at the Emirates, where his side succumbed to a 5-0 loss, remarked that he was in contact with Dons over the player, but they are not close to securing a transfer.
"I know the young kid you are talking about. There are a few young lads who I think are really good. We are not near at the moment. If I find someone who can help then it is something I will look at," Lambert said.
"Scott Sinclair will make a big impact. If I can do one or two more it will help and it is something I will look at it," he added.
Tottenham are currently sixth on the table, two points behind the Gunners, who are placed fourth along with Southampton, but are behind on goal difference. Spurs are in good form in the league, having secured an entry into the finals of the Capital One Cup and will face Arsenal next at White Hart Lane, in what is touted as the match that will decide the top four.