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Leading off today's Transfer Talk is the rumour that Harry Redknapp is set to continue his frenzied spending spree by offering £20 million for Blackburn Rovers striker Roque Santa Cruz.

After years of being a wheeling-and-dealing Del Boy-like character, old 'Arry seems like the cat that's got the cream since moving to White Hart Lane as he spends money like it has gone out of fashion.

Del Boy somewhat spoiled his previously impregnable reputation with the frankly rubbish last set of Only Fools and Horses Christmas specials - and Redknapp's less-celebrated status could be on shaky ground if all these big moves of his do not work out for him.

When he was at West Ham, for example, he could just about be given a pass for signing the likes of Marco Boogers as he only cost £1m, but the fans at the Lane will be less forgiving if they are left with the most expensive squad in Championship history.

One person who is certainly not a member of the Harry Redknapp Appreciation Society is Lyon striker Fred, who has called the Spurs boss a "liar" after Redknapp claimed the Brazilian striker skipped a planned meeting between the pair.

The mooted price of that move was £4m - so instead Tottenham are now chasing a player that is about as talented but five times more expensive than Fred.

With Matt Derbyshire on the brink of joining Olympiacos too, Blackburn need to make some striker moves of their own.

Sam Allardyce has identified Wolfsburg's 'Bosnian goal machine' Edin Dzeko as a £6m target, while Zenit's Pavel Pogrebnyak is also on his radar. However, Big Sam need only ask Arsene Wenger how hard it is to sign a player from the Russian club!

Elsewhere, Wigan Athletic could quickly become one of the richest clubs in the Premier League if Antonio Valencia follows Wilson Palacios and Emile Heskey out of the JJB.

Real Madrid have had a £12m bid for the Ecuadorian turned down with Steve Bruce holding out for £18m.

Bruce may raid his recently swelled coffers to make a £6m bid for Newcastle's Charles N'Zogbia with the Magpies also set to lose Shay Given to Manchester City for £8.5m any day now.

Fulham are set to bid £2.5m for Leeds' £8m-rated Fabian Delph but Tottenham's Tom Huddlestone could emerge as a more realistic option.

However, the figure of Leon Andreasen - wanted by German club Hanover - may be slinking out of Craven Cottage.

West Ham want to sign Internazionale teenager Mario Balotelli, while Radoslav Kovac could also move to Upton Park from Spartak Moscow. The Kovac signing is particularly exciting for Hammers fans as presumably he will bring his supermodel girlfriend Klara Medkova with him.

Hull are willing to pay £2m to French Ligue 2 side Boulogne for defender Steven Mouyokolo, while Everton will also add depth to their backline with the £150,000 capture of Irish right-back Seamus Coleman of Sligo Rovers.

Sunderland will lose Kenwyne Jones for just £6m if they get relegated under the terms of his new deal, while Portsmouth's move for Valencia's Sunny - on loan at Osasuna - has fallen through over personal terms.

In the Championship, Birmingham will pay £1.5m for Doncaster defender Matthew Mills while they also want Honduran striker Carlo Costly. However, presumably because he has such an expensive-sounding name, they will only sign Costly on loan from Polish club Belchatow.

Reading have denied they have received any bids for Stephen Hunt which has caused the Irish winger to say: "Maybe some people need to go to church on Sunday and go to confession."

QPR have failed in a £1.5m bid for Sheffield United's Matthew Kilgallon with the Blades wanting £4m for the defender.

Finally in League One, we could see the unlikely return of Kevin Keegan at Huddersfield. He is being lined up for a part-time coaching role.

Seán Fay / Eurosport