Loic Remy, Xabi Alonso and Mario Balotelli: The Best and Worst of the Transfer Window 08/01

Best rumour of the day

QPR boss Harry Redknapp has warned Newcastle United they must fork out £16m if they are to keep hold of France striker Loic Remy.

The on-loan QPR player has been a great asset during his time at St James' Park, scoring 10 goals so far and prompting Redknapp to offer him to the Magpies for twice the amount the Londoners originally paid Marseille for him 12 months ago.

"If someone came and offered £15m or £16m for him I'd sell him if it was my choice, but it's not. I don't know what the deal is," said Redknapp.

"You'd think they'd want to snap him up, wouldn't you? If they don't somebody else will. For what we got him, for he's probably worth double that now - he's scored goals in Premier League again this year."

Newcastle are in the market for a striker for the right price however the 27-year-old is keen to wait until after the World Cup before he'll weighs up his options.

Worst rumour of the day

Xabi Alonso has been on many a wish list but now Chelsea boss Jose Mourinho has revealed that the club are also jumping on the band wagon and are considering a move to reel in the world-class Real Madrid midfielder.

The move would see the Spaniard return to the Premier League having left Liverpool for Real Madrid in 2009.

Alonso is out of contract at the end of the season and is keen to return to the Premier League.

As the race heats up former club Liverpool are also interested in the 32-year-old, as are Manchester City, Arsenal and Manchester United.

Meanwhile Italian maverick, Mario Balotteli has confirmed that he will not be leaving AC Milan for Chelsea in January.

Tweet of the day

I'm not leaving AC Milan in January - Balotelli - http://t.co/EKDTMuYfS3 https://news.google.com/topstories?sa=t&fd=R&usg=AFQjCNHtD6mF_aGN3JzK3Mta6ttk22R8sA&url=http://www.espn.co.uk/football/sport/story/272039.html&utm_source=dlvr.it&utm_medium=twitter&hl=en-IE&gl=IE&ceid=IE:en

— AC Milan fann club (@ACMilanfannclub) January 8, 2014

Done deals of the day

The last 24 hours were all about loaning as Premier League clubs offload their less-experienced players in order that they may gain some valuable first-team practice. Fulham 19-year-old Jack Grimmer will head to Port Vale while Chelsea's Kenneth Omeruo heads to Middlesborough, Mikael Mandron of Sunderland will go to Fleetwood Town and Everton's Chris Long to Milton Keynes Dons.