January transfer window: all the latest news and done deals – live

As Glenn Frey once sang, the heat is on. Time is ticking in this transfer window but Financial Fair Play has plenty of club suits sweating. Once little more a loose concept that served as an ineffective sticking plaster for football’s crippling inequity, FFP suddenly feels much more real.

Nottingham Forest, who probably would have snapped up a couple of World Cup winners by now, are in a new age of austerity under the steady hand of Nuno. Everton may, by this stage, simply be terrified of spending any money at all.

Meanwhile, the teams that could benefit from points deductions – your Lutons/Burnleys/Brentfords – appear unsure whether to stick or twist. The transfer market feels much more tentative as a result. As Glenn might have put it: the pressure’s high, just to stay alive.