Sheffield Wednesday tipped to join five-way transfer battle for Premier League starlet, Wolves eye Man Utd target - Championship gossip

Sheffield Wednesday are in FA Cup action this weekend, when they take on League Two outfit Exeter - a club they haven't faced in over eight years - at St James Park on Saturday afternoon.

Meanwhile, the Owls continue to work tirelessly behind the scenes to find a new manager following Tony Pulis' shock exit last month, and also secure some new signings in the January transfer window. In the meantime, here's all the latest news and transfer gossip from the Championship.

Nottingham Forest are rumoured to be considering a move for Anderlecht forward Francis Amuzu. The ex-Belgium youth international is understood to have a release clause in the region of €4m, although Forest may try to sign him for a better price. (Sport Witness)

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Watford have joined Bournemouth as the joint-favourites to sign ex-Arsenal midfielder Jack Wilshere. The free agent, 29, is looking to reignite his career after leaving West Ham last October. (Sky Bet)

Bristol City have opted to recall midfielder Kasey Palmer from a loan spell with divisional rivals Swansea City. The ex-Chelsea prospect started just two games during his loan spell in Wales. (BBC Sport)

Wolves are the latest side to be linked with a move for Bournemouth forward Josh King. The Norway international, who was linked with Man Utd over the summer, looks set to leave this month in the pursuit of top tier football. (Daily Mail)

The likes of Derby County and Huddersfield Town are said to still hold hopes of signing Aston Villa striker Keinan Davis on loan, despite reports suggesting he won't be allowed to leave on a temporary basis. (The Athletic)

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Swansea City are believed to have made an approach for Arsenal striker Falorin Balogun on loan. The Gunners are likely to extend the player's contract before agreeing to such a deal. (Football Insider)

Norwich City and Stoke are both in the running to sign Chelsea outcast Lucas Piazon on loan. The 26-year-old, who has had no fewer than seven separate loan spells away from Stamford Bridge, is also wanted by Bordeaux. (Sport Witness)

QPR and Watford are both believed to be interested in Preston North End key target Ben Whiteman. However, it appears that the Lilywhites are the strong favourites to sign the Doncaster Rovers star. (The Athletic)