If January is a month for restraint and cutting back, football begins each year dutifully following the memo. Another transfer window might have opened across Europe but, in stark contrast to the lavishness of summer, spending will be mostly reluctant and circumspect.

Alan Shearer believes Chelsea are the only Premier League club who can afford to sign Alexander Isak from Newcastle United. Isak is thought to be Arsenal’s No.1 transfer target but fresh reports indicate they are increasingly unlikely to bring him to the Emirates.

Newcastle legend, Alan Shearer, has claimed Chelsea is the only club that could afford to sign Alexander Isak this summer. Isak has been heavily linked with a switch to Arsenal. But it is believed the Gunners Arsenal would not be able to stump up what could be a British-record transfer fee for the in-form Swedish striker.