Bayern Munich coach Pep Guardiola, 45, rejected last-minute attempts from Manchester United and Chelsea before agreeing a three-year deal to become Manchester City manager next summer.
The Spaniard will earn more than any other manager or player in the Premier League after being offered a £21m-a-year contract.
Guardiola’s arrival at Manchester could spell the end of Yaya Toure’s Manchester City career. Guardiola sold the midfielder while at Barcelona.
Pellegrini’s next job could be at Chelsea, who spoke to the 62-year-old before taking Jose Mourinho back in 2013.
Long-term Manchester United target Neymar, 23, could join rivals City after Guardiola’s arrival. The club are willing to meet the player’s £105m buyout clause.
City also want Ballon d’Or winner Lionel Messi, 28, to reunite with Guardiola and are putting together a £120m deal to tempt the Barcelona forward.
Guardiola will try to sign Juventus’ 22-year-old France midfielder Paul Pogba, who is rated at £80m, and Everton’s 21-year-old England defender John Stones, who could cost £50m.
City will rival Real Madrid in the £75 million race to sign Bayern Munich striker Robert Lewandowski in the summer.
City are planning an expensive summer overhaul of their squad with defender Eliaquim Mangala, 24, and striker Wilfried Bony, 27, poised to be sold.
Manchester United chief executive Ed Woodward has decided to replace Louis van Gaal at the end of the season, and Manchester City’s move for Pep Guardiola has convinced him Jose Mourinho is the only man for the job.
United had a deadline-day move for Arsenal defender Mathieu Debuchy, 30, blocked by Arsene Wenger. The full-back moved to Bordeaux instead.
Oxford United boss Michael Appleton, 40, has turned down the chance to oversee the youth set-up at Manchester United, where he started his career.
Chelsea captain John Terry, 35, has been offered a move to the Middle East. Talks between his advisers and Qatar side Al Arabi – managed by former Blues forward Gianfranco Zola – have taken place.
Terry could earn £20m by playing just one season in China, although the MLS is also a possible destination.
Terry will not continue his career in Europe as he does not want to play against Chelsea.
Times journalist Henry Winter believes Chelsea will look to Italy for their next manager – hinting he thinks Italy head coach Antonio Conte, 46, will get the job.
On-loan Blues striker Radamel Falcao, 29, was in Madrid on transfer deadline day as he looked to seal a move back to Atletico Madrid.
Surprise Premier League leaders Leicester missed out on signing striker Loic Remy, 29, after Chelsea decided not to allow the France international to leave on a loan deal.
The Foxes are in talks with striker Jamie Vardy over a new contract.
Leicester are prepared to reward the Premier League top goalscorer with a new deal that will tie him to the King Power Stadium until 2019, with his current deal expiring in 2018.
Aston Villa manager Remi Garde is prepared to walk out on the club this summer after they failed to sign any of his January targets.
Villa missed out on signing Hajduk Split’s 6ft 7in goalkeeper Lovre Kalinic when the 25-year-old was denied a work permit and two appeals to the Football Association failed.
Serie A side Lazio blocked moves from Villa and Bournemouth to sign midfielder Ravel Morrison, 22, who will now remain in Italy until the end of the season.
Newcastle ended their interest in Liverpool full-back Jose Enrique, 30, after discussions about the player’s contract demands.
Arsenal tried to sign Fulham wonderkid Ryan Sessegnon as part of a loan deal which would have seen Serge Gnabry move to Craven Cottage, but the Championship club rejected the offer.
Neymar appeared before a judge Tuesday to testify in an investigation into alleged irregularities regarding his transfer to Barcelona.
The Brazilian striker was in court for more than an hour and a half and left without giving details about his testimony.
Before being escorted away, he signed autographs and attended to a few fans who waited for him outside the National Court in central Madrid.
Andrey Arshavin is considering retirement after his contract at Kuban Krasnodar was terminated by mutual consent.
Former Russia international Arshavin, 34, joined Kuban in July but the deal was terminated six months early after making only nine appearances.
UEFA have lifted their ban on supporters attending the Champions League game between Dynamo Kiev and Manchester City on Feb. 24.
Kiev were originally ordered to play three European home games at their 70,000 NSC Olimpiyskiy Stadium without fans as punishment for offences including racist behaviour and crowd disturbances. They were also fined€100,000.
The Ukrainian side appealed against the decision made in November and, on Tuesday, UEFA reduced the punishment ordering Kiev to play just one match behind closed doors.
Former England captain David Beckham bought hot drinks for a paramedic and her patient after he spotted them waiting for an ambulance in the cold.
The police officer who posted a photo of Barcelona forward Lionel Messi’s passport online has been sentenced to a month in prison.
A journalist was harassed by a fan with an inflatable banana while covering deadline day for Italian television, but got his own back by using the inflatable toy against him.