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Cercle Brugge, desperate for investment to ease their situation, are the subject of a takeover bid from Ligue 1 leaders Monaco.
Jamaican youngster Leon Bailey has left Genk for Bayer Leverkusen, signing a long-term deal with the Bundesliga outfit.
Valencia have loaned Mathew Ryan to Genk for the rest of this season, with the Australia goalkeeper having previously starred for Brugge.
Bayer Leverkusen have confirmed Genk winger Leon Bailey will undergo a medical with the Bundesliga club on Friday.
Hull City head coach Marco Silva has picked out Leon Bailey as a transfer target ahead of the EFL Cup clash with Manchester United.
Forward Leon Bailey who is currently playing at Genk was expected to leave the Belgian club in the summer but he is to become the subject of a bidding war which also involves Chelsea and Liverpool, The Daily Mail reports.
Take a look at the day's biggest transfer rumours and done deals here. Don't forget to keep checking as the list will be updated every hour.
Signing Standard Liege's 24-year-old forward Ishak Belfodil has become Everton's top priority in the January transfer window, the BBC reports.
It was thought the Belgium international would leave for the Liberty Stadium as the Spaniard's replacement, though a deal has now reportedly been agreed for his brother
The midfielder is on the verge of reinforcing the faltering Premier League champions after a deal was agreed for his signature with Genk.
The Foxes have agreed a reported fee of £15 million for the Nigeria international, who has signed a five-and-a-half year deal with the Premier League champions.
The teenage winger has impressed in Belgium this season and hopes to one day follow in the footsteps of his idol Thierry Henry by joining the Gunners.
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