Sports Illustrated rounds up the latest transfer rumors and gossip from around the world.

Premier League

Levi Colwill’s contract situation could soon become a priority for Chelsea. | Visionhaus/Getty Images

Liverpool remain interested in Chelsea center back Levi Colwill , but the Blues have no plans to negotiate and are planning to offer him a new contract instead. (Source: TEAMtalk )

Similarly, Chelsea will not entertain any form of exit for winger Estêvão in the January transfer window, with plans also drawn up to try and extend his contract at Stamford Bridge. (Source: Fabrizio Romano )

Arsenal are following Barcelona left back Alejandro Balde . The La Liga champions are plotting a straight swap deal that would see him trade places with Piero Hincapié without any money being exchanged. (Source: El Nacional )

Mikel Merino will consider leaving Arsenal if he cannot be assured of regular minutes.…