With the European transfer window opening up again on January 1, TSN.ca takes a daily look around the soccer world at the latest rumours and reports heading into what is sure to be another busy period of transactions.

London Calling?

Ashley Cole's Italian adventure could be a short one.

Only having joined Roma on a free from Chelsea in the summer, the Daily Mail reports that the former England international is wanted on loan to help shore up Crystal Palace's back line.

Now 33, Cole had a spell on loan at Selhurst Park back in 2000 when the left-back couldn't break into the Arsenal squad behind Sylvinho.

Having been dropped from Rudi Garcia's starting XI in favour of Greek international Jose Holebas, Roma might be open to idea of a loan for Cole, who's on a two-year deal. The issue, though, could be wages. Palace's highest paid player is on £40,000 a week, while Cole's salary is double that.

The Real Deal?

Having emerged as arguably the top goalkeeper in the BPL this season, David De Gea is a wanted man.

The 24-year-old shined again this past weekend in Manchester United's 3-0 win over Liverpool at Old Trafford, making eight savings, including a stunning stop on Mario Balotelli.

With two years remaining on De Gea's current deal, the Daily Express reports that Real Madrid is willing to break the transfer record for a 'keeper to bring the former Atletico man back to Spain. The current record for a goalkeeper transfer is the £33 million that Juventus paid in 2001 to bring Gigi Buffon to Torino from Parma.

Incumbent Real goalkeeper Iker Casillas has been plagued by failing form in recent years, including at this past summer's World Cup, and Real manager Carlo Ancelotti isn't enamoured with internal options in Costa Rican international Keylor Navas and Spanish under-21 international Fernando Pacheco.

Though it's believed that United has yet to open negotiations on a new deal for De Gea, the time is more than willing to offer him a massive pay increase to fend off interest from the reigning European champions.

Simon Sits?

In Sunday's 3-0 loss to United, embattled Liverpool manager Brendan Rodgers dropped goalkeeper Simon Mignolet to the bench after a string of poor performances in favour of Brad Jones. The Australian international did little to instill confidence from his manager, going the wrong way on goals by Wayne Rooney and Robin van Persie.

Sitting 11th in the table, 18 points behind leaders Chelsea and seven behind West Ham for the final Champions League place, Rodgers could be looking for a permanent change in net and at a Premier League rival for the solution.

The Daily Mirror reports that Liverpool will attempt to take Blues 'keeper Petr Cech on loan when the transfer window opens. Cech lost his spot as first-choice 'keeper at Stamford Bridge when Belgian international Thibault Courtois was recalled from his loan to Atletico in the summer.

If a move for Cech falls through, the Reds could turn to Malaga's Mexican international goalkeeper, Guillermo Ochoa.