Liverpool midfielder Jay Spearing will not be joining Burnley on loan when the window re-opens for clubs in the Football League.
The young midfielder, who gained a handful of first team opportunities at Liverpool under Kenny Dalglish last term, has fallen down the pecking order at Anfield after a handful of arrivals in the transfer window.

Schalke may be pricing Blackburn Rovers out of the Jermaine Jones sweepstakes.

According to the Lancashire Telegraph, Schalke's asking price of £10 million for a full transfer of the U.S. international midfielder is too high for Blackburn, and the club is resigned to moving on without him.

According to Andy Cryer at the Lancashire Telegraph, Derby County are looking to permanently sign Blackburn goalkeeper Frank Fielding, whose loan with Derby expires soon. Derby boss Nigel Clough said,

"We knew at the time Frank could not complete the season, but it was important to get him in for these games obviously with a view to trying to secure a deal in the summer on a permanent basis.

According to Chris Flanagan at the Lancashire Telegraph, the agent of Panathinaikos striker Djibril Cisse admitted that there has been no interest from Blackburn for the 29-year-old.

There have been rumors that Cisse could leave on a free transfer this summer as he is unhappy at the club.

UPDATE: According to Blackburn's official website, Blackburn have signed defender Christopher Samba to a new contract that will keep him at the club until the summer of 2015.

January 28th, 2011: According to Andy Cryer at the Lancashire Telegraph, Blackburn manager Steve Kean is confident that defender Christopher Samba will sign a new deal with the club.

According to Andy Cryer at the Lancashire Telegraph, Blackburn manager Steve Kean is confident that defender Christopher Samba will sign a new deal with the club. Kean said,

"We are close to agreeing with Chris Samba. It would be a great signing because for us to get the team captain, as well as the club captain and someone like Michel Salgado on board is fantastic.

According to the Lancashire Telegraph, West Ham United are not interested in Blackburn striker El Hadji Diouf anymore as Blackburn are now asking for a transfer fee for his services. Diouf's agent Willie McKay said,

"I think that's dead and buried now because Blackburn want a fee for him .

By Chris Wright

Blackburn, in their relentless search for a 'marquee' signing, have reportedly been offered the services of Boca Juniors stalwart (and light of legendary Gol TV commentator Ray Hudson's life) Juan Roman Riquelme on the cheap.

Riquelme's agent Barry McIntosh (you can almost smell the pinstripes) told the Lancashire Telegraph:

"I have spoken with (middle man) Jerome Anderson, who is doing a lot of work for Blackburn Rovers, about a deal for Riquelme and it is being thought about.

According to the Lancashire Telegraph, Blackburn manager Steve Kean is still hopeful of making a few signings this transfer window and will be having a meeting with the club's owner to discuss their possibilities. Kean said,

"I will go in and out for a meeting in India and then back Tuesday morning .

According to the Lancashire Telegraph, Manchester City striker Roque Santa Cruz will likely return to Blackburn on loan. Man City manager Roberto Mancini said,

"Roque will probably go to Blackburn ... Every player wants to play.

UPDATE: According to Blackburn's official website, Blackburn defender Michel Salgado has signed a new deal with the club that will keep him there until the summer of 2012.

January 11th, 2011: According to Andy Cryer at the Lancashire Telegraph, Blackburn defender Michel Salgado admitted that he would like to sign a new deal with the club.

With Sebastian Squillaci injured and Thomas Vermaelen suffering yet another setback in training as he tries to come back from his chronic achillies problem, it is looking increasingly likely that the manager will have to dip into the January market to sign a center-back.

The manager has been looking at center-backs for over 12 months now, last January Sol Campbell came back on a short-term deal and the option to re-sign him was there in the summer, but Arsenal delayed and Sol went off to Newcastle he now wants out of there.