Barcelona to offer €100m + midfielder for Premier League superstar, Pep to raid Arsenal in January and other transfer news and rumours of the day - 1st December 2017

Hello and welcome to Sportskeeda's latest transfer news and rumours roundup. Today's stories feature the latest update on some of the major happenings in world football which may change the complexion of a few clubs. So let's head right in and take a look at the major happenings across Europe that made headlines on December 1, 2017:

La Liga

FC Barcelona preparing cash plus player offer for Philippe Coutinho

After a failed pursuit last summer for Philippe Coutinho, Barcelona are set to return with renewed hope of getting their man in January. The Catalans will need to free up space in their squad if Coutinho has to fit in and the club has, therefore, reportedly decided to offload Ivan Rakitic next season.

The Daily Mirror claims that FC Barcelona are also open to include Rakitic in a deal for Philippe Coutinho. Liverpool are in the market for a central midfielder and may find this offer from the Catalans too good to turn down. Rakitic has racked up more than 175 caps for the Catalans and has been an influential figure for them.

Jose Gimenez happy at Atletico Madrid

Contrary to reports linking the Uruguayan centre-back with a move to Manchester United or Juventus, Jose Gimenez has today revealed that he is happy with Atletico and intends to stay with them for the foreseeable future. Gimenez has made just four starts this season and is not a regular starter for the Colchoneros.

Talking to Tuttomercatoweb, Gimenez revealed, "I have a contract until 2020 and hopefully for a longer time. My mind is set on Atletico and I do not plan on leaving. My head is here, I am very happy. I feel very identified with the club."